Business, 21.12.2019 05:31, keishonnawimbush
Finishing touches has two classes of stock authorized: 9%, $10 par preferred, and $1 par value common. the following transactions affect stockholders' equity during 2021, its first year of operations: january 2 issues 100,000 shares of common stock for $29 per share. february 6 issues 2,400 shares of 9% preferred stock for $11 per share. september 10 purchases 11,000 shares of its own common stock for $34 per share. december 15 resells 5,500 shares of treasury stock at $39 per share. in its first year of operations, finishing touches has net income of $154,000 and pays dividends at the end of the year of $94,500 ($1 per share) on all common shares outstanding and $2,160 on all preferred shares outstanding.
required:
prepare the stockholders' equity section of the balance sheet for finishing touches as of december 31, 2021.
Answers: 2
Business, 22.06.2019 15:40, arigamez90
Aprice control is: question 1 options: a)a tax on the sale of a good that controls the market price. b)an upper limit on the quantity of some good that can be bought or sold. c)a legal restriction on how high or low a price in a market may go. d)control of the price of a good by the firm that produces it.
Answers: 1
Business, 22.06.2019 18:10, maddihamidou
Consumers who participate in the sharing economy seem willing to interact with total strangers. despite safety and privacy concerns, what do you think is the long-term outlook for this change in the way we think about interacting with people whom we don't know? how can businesses to diminish worries some people may have about these practices?
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Business, 22.06.2019 19:40, jair512872
Lauer corporation uses the periodic inventory system and has provided the following information about one of its laptop computers: date transaction number of units cost per unit 1/1 beginning inventory 210 $ 910 5/5 purchase 310 $ 1,010 8/10 purchase 410 $ 1,110 10/15 purchase 255 $ 1,160 during the year, lauer sold 1,025 laptop computers. what was cost of goods sold using the lifo cost flow assumption?
Answers: 1
Finishing touches has two classes of stock authorized: 9%, $10 par preferred, and $1 par value comm...
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