Crane Rental Corporation had the following balances in its shareholders' equity accounts at January 1, 2021:...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Crane Rental Corporation had the following balances in its shareholders' equity accounts at January 1, 2021: Accumulated other comprehensive income (loss) Contributed surplus-reacquisition Retained earnings Common shares (25,000 shares) of common shares Feb. 2 Apr. 17 Oct. 29 Dec. 31 $(22,000) 536,000 1,500,000 650,000 Crane had the following transactions and events during 2021: Repurchased 1,000 shares for $43,000. Declared and paid cash dividends of $74,000. Issued 1,700 shares for $92,000 cash. Reported comprehensive income of $456,000, which included other comprehensive income of $47,000. Calculate the number of shares issued as at December 31, 2021. Number of shares Crane Rental Corporation had the following balances in its shareholders' equity accounts at January 1, 2021: Accumulated other comprehensive income (loss) Contributed surplus-reacquisition Retained earnings Common shares (25,000 shares) of common shares Feb. 2 Apr. 17 Oct. 29 Dec. 31 $(22,000) 536,000 1,500,000 650,000 Crane had the following transactions and events during 2021: Repurchased 1,000 shares for $43,000. Declared and paid cash dividends of $74,000. Issued 1,700 shares for $92,000 cash. Reported comprehensive income of $456,000, which included other comprehensive income of $47,000. Calculate the number of shares issued as at December 31, 2021. Number of shares
Expert Answer:
Related Book For
Accounting Principles
ISBN: 978-1119048473
7th Canadian Edition Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
Posted Date:
Students also viewed these accounting questions
-
Ruby Red Rental Corporation had the following balances in its shareholders equity accounts at January 1, 2021: Accumulated other comprehensive income (loss) ................... $ (25,000) Contributed...
-
Carla Vista Rental Corporation had the following balances in its shareholders' equity accounts at January 1, 2021: Accumulated other comprehensive income (loss) $ (28,000) Contributed...
-
Fuken Inc. had the following balances in its shareholders equity accounts at December 31, 2014: Share Capital Common Shares, unlimited number of shares authorized, 50,000 shares issued and...
-
DrinkOh Limited uses an application service provider to process its payroll. Its employees enter their hours using their smart phones. The payroll clerk collects the smart phone data and transmits it...
-
Financial information for Buckle is presented in Appendix B at the end of the book. Required: 1. Calculate the debt to equity ratio for the past two years. Did the ratio improve or weaken in the more...
-
a. What is (1) overapplied factory overhead and (2) underapplied factory overhead? b. If the factory overhead account has a positive balance, was factory overhead underapplied or overapplied?
-
Water flows through the curved hose shown in Fig. P4.49 with an increasing speed of \(V=10 t \mathrm{ft} / \mathrm{s}\), where \(t\) is in seconds. For \(t=2 \mathrm{~s}\) determine (a) the component...
-
GenX Furnishings Company manufactures designer furniture. GenX Furnishings uses a job order cost system. Balances on June 1 from the materials ledger are as follows:...
-
1. Many courses use group projects. What are some of the things that make positive group project experiences? 2. How can a manager motivate employees? Give some specific ideas. Include when you've...
-
1. Case Exhibit 2 presents monthly data of units produced and sold, and actual costs incurred, for 24 months. B Create a scatterplot of costs and units. b. From your scatterplot, estimate the...
-
Phils is a sit-down restaurant that specializes in home-cooked meals. Theresas is a walk- in deli that specializes in specialty soups and sandwiches. Both firms are currently considering expanding...
-
What is the significance of business communication in modern time? Describe the process of business communication ?
-
Ben and Molly are married and will file jointly. Molly generates $300,000 of qualified business income from her single member LLC (a law firm). She reports her business as a sole proprietorship....
-
watch this video and answer the following questions: https://www.ted.com/talks/susan_cottrell_why_i_chose_my_lgbtq_daughter_over_the_evangelical_church?hasSummary=true&language=en 1. Summarize and...
-
How do host-pathogen interactions shape the evolution of immune evasion strategies, and what are the implications for the development of novel therapeutics targeting virulence factors or host immune...
-
Ben and his wife Bell are both 35 years old. They have been married for 7 years and have a one-year-old son Boris. Ben is the General Manager of an IT Firm and has been working there for the past 10...
-
a) Given the authorization table, write SQL to grant access rights to each user. Privilege on Product Table Read Insert Modify Delete Grant Liza NO YES NO YES NO Users Steven YES NO YES YES William...
-
In each of the following independent cases, document the system using whatever technique(s) your instructor specifies. a. Dreambox Creations (www.dreamboxcreations.com/) in Diamond Bar, California,...
-
EastJet Airlines reported a $1-million loss for the year ended December 31, 2015. After financial restructuring in 2015, EastJet continued to report losses, and it reported a $900,000 loss for the...
-
Wren Inc., a public company, owns 20% of Dong Ltd.'s common shares for strategic purposes. The investment's carrying value at January 1, 2017, is $300,000. During the year, Dong reported profit of...
-
Hana has prepared the following list of statements about corporations: 1. A corporation is an entity separate and distinct from its owners. 2. As a legal entity, a corporation may buy, own, and sell...
-
If the displacement of an object is 300 m north, what can you say about the distance traveled by the object?
-
An object traveling at a constant velocity vo experiences a constant acceleration in the same direction for a period of time t. Then an acceleration of equal magnitude is experienced in the opposite...
-
You are told that a person has walked 750 m. What can you safely say about the persons final position relative to the starting point?
Study smarter with the SolutionInn App