Water Valley Widget Co. was formed last year by selling 1.02 million shares of common stock. Currently,
Fantastic news! We've Found the answer you've been seeking!
Question:
Water Valley Widget Co. was formed last year by selling 1.02 million shares of common stock. Currently, the total equity account is $44 million with a common stock account of $2.295 million and a retained earnings account of $4.22 million. How much paid-in capital in excess of par does the company have?
$41.705 million | ||
$39.78 million | ||
$37.485 million | ||
Impossible to determine |
Expert Answer:
Posted Date:
Students also viewed these finance questions
-
Given the following two sequences x(n) [3,11,7,0, -1,4,2], -3 n 3; h(n) [2,3,0, -5,2,1], -1 n 4 determine the convolution y(n) = x(n) * h(n).Using MATLAB
-
In 2008 Pfizer had 12,000 million shares of common stock authorized, 8,863 million in issue, and 6,746 million outstanding (figures rounded to the nearest million). Its equity account was as follows:...
-
Capital Consulting Company had 400,000 shares of common stock outstanding on January 1, 2012. On that date, there were also 5,000 shares of $100 par, 6% noncumulative preferred stock outstanding. On...
-
A national fast food restaurant chain has recently made the decision that their breakfast menu will now be available all day long. The product management team overseeing the breakfast lines including...
-
How are foreign branch income and foreign subsidiary income taxed differently by a company's home country?
-
The saturation solubility of Ag 2 S at 25 C is 1.14 10 17 M. What are the equilibrium concentrations of the cation and anion?
-
How would you advise the baker as to whether he should (a) employ four assistants on a Saturday; (b) extend his shop, thereby allowing more customers to be served on a Saturday morning?
-
Ming Companys chart of accounts includes the following selected accounts. 101 Cash 201........Accounts Payable 120 Merchandise Inventory...306 T. Ming, Drawing 130 Prepaid Insurance.....505 Cost of...
-
Question 1. Consider an isothermal CSTR with a k2CB) in a constant series reaction (r = kCA, r = volume V reactor with constant in and out flowrates F. r1 12 ABC The inlet concentration is given by...
-
Quigley Corporations trial balance at December 31, 2020, is presented below. All 2020 transactions have been recorded except for the items described below. Unrecorded transactions and adjustments: 1....
-
How has your leadership experience prepared you to excel in a doctoral leadership program?
-
QUESTION 1. A company has 2 unit, Thai food and western food production. Initially the company invested around RM30,000 for each unit. The profit obtained from Thai food production was RM5,000 and...
-
There are 6 DMUS with a single input and single output case. Assume this is an input-oriented CRS problem. DMU A B C D Input 1 2 4 3 Output 1 6 7 9 (1) Plot all the DMUS and the CRS DEA frontier in...
-
Based on research, describe an example in which what appeared to be the presence of positive economic profits attracted entry to a market. Describe the nature of the market and the circumstances...
-
Ivanhoe Company receives a $73,800, 5-year note bearing interest of 11% (paid annually) from a customer at a time when the discount rate is 9%. Click here to view the factor table. (For calculation...
-
I am writing a Bachelor's thesis and I have collected data through qualitative interviews with 12 customers: 6 who prefer to buy groceries online and 6 who prefer to buy groceries in the physical...
-
Heather has recently graduated from college and has landed her first job that grosses approximately $35 000 a year. She is extremely excited because the salary sounds like a huge amount of money. She...
-
Reconsider Prob. 1474. In order to drain the tank faster, a pump is installed near the tank exit as in Fig. P1475. Determine how much pump power input is necessary to establish an average water...
-
Define the following: top lease bonus option to lease purchase in fee delinquent taxes paid by the lessee impairment internal costs
-
Alan Energy Corporation acquired a lease with a four-year primary term, paying $350/acre. During the next three years, Alan drilled three dry holes on the property. With one more year of the primary...
-
Warren Energy Company, a successful efforts company, owns an individually significant lease, with a cost of $400,000. On December 31, 2019, the lease is not considered impaired. However, prior to...
Study smarter with the SolutionInn App