Question of 19 List of Accounts (a2) Determine the ending balances for Paid-in Capital, Retained Earnings, and Stockhold
Posted: Tue Jul 05, 2022 1:38 pm
Question of 19 List of Accounts (a2) Determine the ending balances for Paid-in Capital, Retained Earnings, and Stockholders' Equity. Paid-in Capital Retained Earnings (b) Stockholders' Equity eTextbook and Media List of Accounts Save for Later $ $ $ Ending balances 6.67 / 20 !!! Attempts: 0 of 3 used E Attempts: 1 of 3 used Submit Answer
HW 1-Chapter 15 Question 1 of 19 View Policies Show Attempt History Current Attempt in Progress On January 1, 2020, Agassi Corporation had the following stockholders' equity accounts, Common Stock ($10 par value, 50,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings During 2020, the following transactions occurred. Jan. 15. Apr. 15 May 15 Nov. 15 Dec. 31 (a1) $500,000 512,000 635,000 Declared and paid a $1.05 cash dividend per share to stockholders. Declared and paid a 10% stock dividend. The market price of the stock was $14 per share. Reacquired 1,900 common shares at a market price of $16 per share. Reissued 950 shares held in treasury at a price of $18 per share. Determined that net income for the year was $376,000. questiono 6.67/20 E
HW 1-Chapter 15 Question 1 of 19 View Policies Show Attempt History Current Attempt in Progress On January 1, 2020, Agassi Corporation had the following stockholders' equity accounts, Common Stock ($10 par value, 50,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings During 2020, the following transactions occurred. Jan. 15. Apr. 15 May 15 Nov. 15 Dec. 31 (a1) $500,000 512,000 635,000 Declared and paid a $1.05 cash dividend per share to stockholders. Declared and paid a 10% stock dividend. The market price of the stock was $14 per share. Reacquired 1,900 common shares at a market price of $16 per share. Reissued 950 shares held in treasury at a price of $18 per share. Determined that net income for the year was $376,000. questiono 6.67/20 E