A corporation has the following account balances: Common stock, $1 par value, $59900; Paid-in Capital in...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
A corporation has the following account balances: Common stock, $1 par value, $59900; Paid-in Capital in Excess of Par, $1297000. Based on this information, the legal capital is $1356900. number of shares issued are 59900. number of shares outstanding are 1356900. average price per share issued is $22.48. A corporation has the following account balances: Common stock, $1 par value, $59900; Paid-in Capital in Excess of Par, $1297000. Based on this information, the legal capital is $1356900. number of shares issued are 59900. number of shares outstanding are 1356900. average price per share issued is $22.48.
Expert Answer:
Posted Date:
Students also viewed these accounting questions
-
1. For each of the following sequences defined as a recurrence relations, List the first five terms of the sequence. Find a formula for the general term an in terms of n. 2, an+1 = an + 2n for n 1 a....
-
Ortiz Company is a manufacturer of toys. Its controller resigned in August 2012. An inexperienced assistant accountant has prepared the following income statement for the month of August 2012. Prior...
-
Suppose you are given two flasks at the same temperature, one of volume 2 L and the other of volume 3 L. The 2-L flask contains 4.8 g of gas, and the gas pressure is X atm. The 3-L flask contains...
-
Janet Agnew and Buford Franco are partners in a business. Each partner withdraws assets during May of the current year. Instructions: Journalize the transactions using page 12 of a cash payments...
-
Magna Charter is a new corporation formed by Agnes Magna to provide an executive flying service for the southeastern United States. The founder thinks there will be a ready demand from businesses...
-
"Black Americans don't find an ally in the courts, but white (Southerners) do." What are some ways the Supreme Court prevented Black Americans from achieving real equality? Why weren't protected by...
-
1. Which statement is accurate regarding business attitudes towards President Obama's proposed health care reform? Select one: a.Several smaller business groups came out in favor of employer...
-
Evaluate the relationship between globalization and nationalism.
-
How do groups/teams communicate differently than individuals?
-
Summarize the role and importance of urbanization in the world and how some cities change culture.
-
Discuss ethical issues association with creating strong AI machines. Should they be treated differently than machines without strong AI? Better or worse than animals? Better or worse than humans?
-
How have political and economic changes since the end of World War II affected cultures around the world?
-
please make it with Python. Include a docstring for your functions. PART A: wordlist contains words. Some of these words contain only letters, other words might contain other characters such as...
-
Define the term utility software and give two examples.
-
The following e-mail with an authentic looking e-mail address and logo was received by the controller of a small business: Required a. What should Justin do about these e-mails? b. What should Big...
-
An accountant employed by the organizing committee for the Atlanta Summer Olympic Games was charged with embezzling approximately \($60,000.\) The money allegedly was used to purchase a used...
-
Zaire Company had a \(\$ 26,000\) net loss from operations. Depreciation expense for the year was \(\$ 9,600\), and a dividend of \(\$ 2,000\) was declared and paid. The balances of the current asset...
Study smarter with the SolutionInn App