The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Whispering Winds Corp. at December 31, 2022.
Common Stock ($4 stated value) $2,560,000
Paid-in Capital in Excess of Par Value—Preferred Stock 72,000
Paid-in Capital in Excess of Stated Value—Common Stock 1,680,000
Preferred Stock (6%, $100 par, noncumulative) 960,000
Retained Earnings 2,134,400
Treasury Stock (19,200 common shares) 115,200
Prepare the stockholder's equity section of the balance sheet at December 31, 2020.
Answers: 1
Business, 22.06.2019 12:30, badgirl2005
Suppose you win a small lottery and have the choice of two ways to be paid: you can accept the money in a lump sum or in a series of payments over time. if you pick the lump sum, you get $2,950 today. if you pick payments over time, you get three payments: $1,000 today, $1,000 1 year from today, and $1,000 2 years from today. 1) at an interest rate of 6% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 2) at an interest rate of 9% per year, the winner would be better off accepting the (lump sum / payments over time), since it has the greater present value. 3) years after you win the lottery, a friend in another country calls to ask your advice. by wild coincidence, she has just won another lottery with the same payout schemes. she must make a quick decision about whether to collect her money under the lump sum or the payments over time. what is the best advice to give your friend? a) the lump sum is always better. b) the payments over time are always better. c) it will depend on the interest rate; advise her to get a calculator. d) none of these answers is good advice.
Answers: 2
Business, 22.06.2019 15:50, fireemblam101ovu1gt
Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.
Answers: 1
The following stockholders’ equity accounts, arranged alphabetically, are in the ledger of Whisperin...
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