FREE Trial

Omega Co Sold 10000 shares of common stock which has a par value of 8 for 13 per share The

This problem has been solved!
Do you need an answer to a question different from the above? Ask your question!

Question:

Omega Co Sold 10000 shares of common stock which has a par value of 8 for 13 per share The company's balance in retained earnings is 75000 Prepare the stockholders equity section of the company's balance sheet

Expert Answer:

Answer rating: 100% (QA)

The stockholder s equity section of the balance sheet View the full answer


answer-question
Related Book For  answer-question
College Accounting

College Accounting

ISBN: 978-1111528126

11th edition

Authors: Tracie Nobles, Cathy Scott, Douglas McQuaig, Patricia Bille

See More Books
View Solution
Create a free account to access the answer
Cannot find your solution?
Post a FREE question now and get an answer within minutes. * Average response time.
Posted Date: January 05, 2021 12:36:42
See More Questions

Students also viewed these accounting questions

Q:
A company has 1,000,000 shares of common stock outstanding, and the current market price is $50 per share. The company has also issued 20.000 bonds (S1,000 maturity value each), which are presently...
A:
Market value weights Bonds 20 000 x 980 19 600 000 28 Co......
Q:
A taxpayer owned 1,000 shares of common stock in Barlo Corporation, which manufactures automobile parts. The taxpayers cost basis in the stock was $82,700. Last week, Barlo declared bankruptcy and...
A:
a The stock is treated as sold on the last day of the year for an amount realized of z......
Q:
The company had 50,000 shares of common stock outstanding throughout the year. In addition, as of January 1, the company had issued 100 convertible bonds ($1,000 face value, 10%). The company has no...
A:
Basic EPS 100 000 50 000 common shares 2 00 per share Interest on convertible bonds 100 bonds 1 000......
Q:
A closed tank contains oil with a specific gravity 0.85. If the gauge pressure at a point 10 feet below the oil surface is 23. 7 psi (lb/in.2), determine the absolute pressure and gauge pressure (in...
A:
oil SG water 0 85 62 3 lb ft 3 53 0 lb ft 3 P 10ft P a......
Q:
A gear-reduction unit uses the countershaft depicted in the figure. Find the two bearing reactions. The bearings are to be angular-contact ball bearings, having a desired life of 40 kh when used at...
A:
RO 226 16 In xy plane 14 T 210 B 451 12 X R 0 95 0 975 T 240 12 cos......
Q:
The president of the American Insurance Institute wants to compare the yearly costs of auto insurance offered by two leading companies. He selects a sample of 15 families, some with only a single...
A:
Do not reject H o There is no di......
Q:
Innocent Ltd started with fruit smoothies, and diversified into other drinks. Look at what the company says on its website www.innocentdrinks.co.uk about us and about our ethics. What ethical...
A:
Innocent Ltd takes a strong ethical stance based on the information available on its website Here are some key aspects of their approach to corporate social responsibility CSR and sustainability Susta......
Q:
Writing Improvement Exercise: Subordinating Bad News Your Task. Revise the following sentences to position the bad news in a subordinate clause. (Hint: Consider beginning the clause with Although.)...
A:
a Although your complete order cannot be shipped at this time two corner workstations should ar......
Q:
During Year 4. Racing Limited reported net income after taxes of $951,000. During the year, the number of shares of stock outstanding remained constant at 5,020 shares of $50 par, 6 percent preferred...
A:
Let s calculate each of the requested values step by step a Earnings per share EPS EPS is calculated......
Q:
At the beginning of 2016, Oak Consulting had the following normal balances in its accounts: Account Balance Cash .......... $42,000 Accounts Receivable .... 25,000 Accounts Payable ...... 8,400...
A:
a Oak Consulting General Journal 2016 Date Account Titles Debit Credit 1 Accounts Receivable 185 000 Service Revenue 185 000 2 Operating Expenses 45 8......
Q:
When considering the normative nature of adolescent behavior, what contexts must one keep in mind? a. Historical, cultural, and regional b. Historical, cultural, and contemporary c. Cultural,...
A:
Click to View...
Q:
For this TED talk, How may this idea or method of thinking be used in the corporate world of today? Give an illustration of how thinking in this manner would have resulted in a different result. What...
A:
Applying a Growth Mindset to Advance Corporate Leadership The key message from this TED talk is the importance of maintaining perspective and hope even in difficult circumstances The speaker illustrat......
Q:
Asagai (Pty) Ltd pays a maintenance contractor to maintain its premises. The maintenance contractor is paid on an annual basis. On 1 November 2022, the company paid the maintenance contractor R40 000...
A:
The detailed answer for the above question is provided below The correct answer is A 0 Here s the e......
Q:
4. Use a SAS data step, and the Libref name from #3. to read in the dataset cars.sas7bdat from your SASDATA folder creat a Proc Means of the dataset, with a VAR statement including only the numeric...
A:
Task 4 Reading and Summarizing Data sas Step 1 Read the cars dataset from your SASDATA folder LIBNAM......
Q:
(i) Calculate the present value of a continuous revenue stream of f(t)=40000+10000t per year if the interest rate is 8% and the money is paid over 5 years. (ii) You have 50000 and you would like to...
A:
i To calculate the present value of a continuous revenue stream you can use the formula for continuo......
Q:
In 2005 a risk has a two-parameter Pareto distribution with a = 2 and 0-3000 . In 2006 losses inflate by 20%. An insurance on the risk has a deductible of 600 in each year. P, the premium in year i,...
A:
The detailed answer for the above question is provided below SOLUTION To calculate R2006 P2006 we ne......
Q:
A temporary endocrine gland in the human body is: (a) Corpus allatum (b) Pineal gland (c) Corpus cardiacum (d) Corpus luteum
A:
The detailed answer for the above question is provided be......
Q:
In Problem use absolute value on a graphing calculator to find the area between the curve and the x axis over the given interval. Find answers to two decimal places. y = x 3 ln x; 0.1 x 3.1
A:
0 1 3 1 y dx 0......
Q:
Describe a business transaction that will do the following. a. Increase an asset and increase a liability b. Decrease an asset and decrease a liability c. Decrease an asset and increase an expense d....
A:
Examples of correct answers a Buy an asset on accou......
Q:
As a result of a loan from Plateau State Bank, Trent Company signed a 90-day note, dated March 12, for $ 12,700 that the bank discounted at 7 percent. Journalize the entries for the maker in general...
A:
GENERAL JOURNAL PAGE POST DATE DESCRIPTION REF DEBIT CREDIT 20 Mar 12 Cas......
Q:
The trial balance of The New Decors for the month ended September 30 is as follows: Data for the adjustments are as follows: a. Expired or used- up insurance, $ 425. b. Depreciation expense on...
A:
The New Decors Work Sheet For Month Ended September 30 20 TRIAL BALANCE ADJUSTMENTS ACCOUNT NAME DEB......
The Recurrent And Superior Laryngeal Nerves 1st Edition - ISBN: 3319277278 - Free Book