Business, 31.07.2019 16:10 studentstudies9816

This company was incorporated as a new business on january 1, 2019. the company is authorized to issue 50,000 shares of $5 par common stock and 10,000 shares of 6%, $10 par, cumulative, participating preferred stock. on january 1, 2019, the company issued 8,000 shares of the common stock for $15 per share and 2,000 share of the preferred stock for $30 per share. net income for the year ended december 31, 2019 was $375,000. refer to lanier tech. assume that no dividends were declared or paid during the first year of operations. what is the dollar amount of total stockholders' equity reported on the balance sheet at december 31, 2019?

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 20:30

Northington, inc. is preparing the company's statement of cash flows for the fiscal year just ended. using the following information, determine the amount of cash flows from operating activities using the indirect method: net income$182,000gain on the sale of equipment12,300proceeds from the sale of equipment92,300depreciation expense—equipment50,000payment of bonds at maturity100,000purchase of land200,000issuance of common stock300,000increase in merchandise inventory35,400decrease in accounts receivable28,800increase in accounts payable23,700payment of cash dividends32,000 $189,400.$332,200.$236,800.$261,400.$186,800.

Answers: 2

Answer

Business, 22.06.2019 13:30

The purpose of safety stock is to: a. eliminate the possibility of a stockout. b. control the likelihood of a stockout due to variable demand and/or lead time. c. eliminate the likelihood of a stockout due to erroneous inventory tally. d. protect the firm from a sudden decrease in demand. e. replace failed units with good ones.

Answers: 1

Answer

Business, 22.06.2019 13:30

What do you recommend adam do to increase production in a business setting that does not seem to value high productivity?

Answers: 3

Answer

Business, 22.06.2019 17:00

Oliver is the vice president of production at his company and has been managing the launch of new software systems. he worked with a team of individuals who were tasked to create awareness about a specific product and also to approach potential purchasers of the product. which department managers were part of oliver’s team?

Answers: 3

Answer

You know the right answer?

This company was incorporated as a new business on january 1, 2019. the company is authorized to iss...

Questions