Bella Donna Company has 90,000 shares of $2 par common stock issued and outstanding as of...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Bella Donna Company has 90,000 shares of $2 par common stock issued and outstanding as of January 1, 2018. The shares were originally issued for $9 per share. On February 3, 2018, Bella Donna repurchased 7,660 shares at $6 per share for the purposes of retiring them. What will be the balance in Paid in capital in excess of par after February 3rd transaction? Bella Donna Company has 90,000 shares of $2 par common stock issued and outstanding as of January 1, 2018. The shares were originally issued for $9 per share. On February 3, 2018, Bella Donna repurchased 7,660 shares at $6 per share for the purposes of retiring them. What will be the balance in Paid in capital in excess of par after February 3rd transaction?
Expert Answer:
Related Book For
Foundations of Finance
ISBN: 9780135160619
10th edition
Authors: Arthur J. Keown, John H. Martin, J. William Petty
Posted Date:
Students also viewed these accounting questions
-
|7-x| Identify the value the given function is NOT continuous. y=- 7-x
-
Solve the Following: The selling price per each telephone is 1,800 Purchase cost per each telephone 1,500 Variable commission paid for each telephone 75 Monthly fixed expenses: Rent 70,000 Others...
-
Amex Inc. had 180,000 common shares issued and outstanding as at December 31, 2014. The shares had been issued for $9.80 each. On September 12, 2015, Amex repurchased and retired 40,000 of these...
-
Compute the length of the curve traced by r(t) over the given interval. r(t)= (t cos t, t sint, 3t), 0t 2
-
What is the purpose and content of the report that describes management's responsibility for financial statements? To answer the following, refer to the Big Dog Carworks Corp. financial statements...
-
For the data listed, tabulate cut, fill, and cumulative volumes in cubic yards between stations 10 + 00 and 20 + 00. Use an expansion factor of 1.30 for fills. End Area (ft) Station Cut Fill 10 + 00...
-
Describe the various roles of advanced practice nurses.
-
I. M. Aruban has a sandwich shop in a downtown business district. Several of his customers have said that they would purchase from his shop more often if he offered a delivery service. I. M. is...
-
Use the information provided in the table to answer the following questions. Assume that there were no changes in any other asset or liability accounts. December 2 0 2 2 Net Income: $ 2 0 0 0...
-
Can establishing a multinational corporation or a joint venture serve the principles of social entrepreneurship? Would some options lend themselves better to social entrepreneurship than others? What...
-
Plastic Pretzels stock recently paid a dividend of $1.31 per share. The dividend growth rate is expected to be 6.60% indefinitely. Stockholders require a return of 12.20% on this stock. a. What is...
-
3. Assume that the donor concentration in an n-type semiconductor at T = 300 K is given by Na(x) = 106-1015x (cm-3) where x is in cm and 0 x 0.01 cm. The electron mobility is, n = 960 cm V.S (i)...
-
Inadvertently, a manufactured laminate is not labeled and the fiber orientations of the layers are unknown. It is known that the layer thickness of the laminate produced using graphite/epoxy is...
-
Consider the following alternatives: Alternative 1 Alternative 3 Alternative 2 First cost ($) 170,000 120,000 100,000 Net cash flow per year ($/year) 34,500 24,000 15,000 Salvage value ($) 0 0 0...
-
The equation that describes this lab is: Gm m Fg = Notice that in the equation, ris squared AND it is on the bottom of a fraction. We therefore say that the relationship between Fg and ris an inverse...
-
1. The stress-strain diagram below for carbon steel was obtained by tensile testing. a) Elastic modulus? b) The highest load that the cylindrical sample with an initial diameter of 9.4 mm can carry?...
-
Why would a static budget be the best budget to use for a non profit organization?
-
Determine whether the lines are parallel, perpendicular, or neither. 2x + 3y = -12, 2y - 3x = 8
-
Prepare a balance sheet and income statement for Kronlokken Company from the following scrambled list of items. a. Prepare a common-sized income statement and a common-sized balance sheet. Interpret...
-
Carraway Seed Company is issuing a $1,000 par value bond that pays 7 percent annual interest and matures in 15 years. Investors are willing to pay $850 for the bond. Flotation costs will be 3 percent...
-
In the spring of 2018, the Brille Corporation was involved in issuing new common stock at a market price of $35. Dividends last year were $1.50 and are expected to grow at an annual rate of 8 percent...
-
Describe the significance of the term filious nullius.
-
Calculate the isentropic compressibility for air at a pressure of \(0.5 \mathrm{~atm}\). Compare the result with that for the isothermal compressibility obtained in Example 1.3. Data From Example...
-
Describe the nature and significance of the biology plus approach to establishing parental rights for unwed fathers.
Study smarter with the SolutionInn App