At December 31, 2012, Sugarland Company reported the following on its comparative balance sheet, which included 2011
Question:
1. How much did Sugarland Companys total paid-in capital increase during 2012? What caused total paid-in capital to increase? How can you tell?
2. Did Sugarland Company have a profit or a loss for 2012? How can youtell?
Transcribed Image Text:
December 31 2012 2011 Common Stock, $2.25 par value, 550,000 shares authorized, 400,000 shares issued and outstanding in 2012; 399,000 shares in 2011 Paid-in Capital in Excess of Par Retained Earnings S 900,000 897,750 395,500 362,000 2,400,000 2,175,000
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 58% (17 reviews)
1 Common stock December 31 2012 900000 Common stock December 31 2011 897750 ...View the full answer
Answered By
Rustia Melrod
I am a retired teacher with 6 years of experience teaching various science subjects to high school students and undergraduate students. This background enables me to be able to help tutor students who are struggling with the science of business component of their education. Teaching difficult subjects has definitely taught me patience. There is no greater joy for me than to patiently guide a student to the correct answer. When a student has that "aha!" moment, all my efforts are worth it.
The Common Core standards are a useful yardstick for measuring how well students are doing. My students consistently met or exceeded the Common Core standards for science. I believe in working with each student's individual learning styles to help them understand the material. If students were struggling with a concept, I would figure out a different way to teach or apply that concept. I was voted Teacher of the Year six times in my career. I also won an award for Innovative Teaching Style at the 2011 National Teaching Conference.
4.90+
4+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Accounting questions
-
At December 31, 2016, Sugarland Company reported the following on its comparative balance sheet, which included 2015 amounts for comparison (adapted, with all amounts in millions except par value per...
-
At December 31, 2018, Sugarland Company reported the following on its comparative balance sheet, which included 2017 amounts for comparison (adapted, with all amounts in millions except par value per...
-
At December 31, 2015, Kingston Company reported the following on its comparative statement of financial position, which included 2014 amounts for comparison: 1. How much did Kingston Company's total...
-
A study in Batu Pahat General Hospital's on patient account division has compiled data on the age of accounts receivables. The data collected indicates that the age of the accounts follows a normal...
-
Find the Taylor polynomial for h(x) = cos(x) with the base point a = 0. Use your result to find Find the Taylor polynomial of degree n and the Taylor series for the above function. Add up the given...
-
Here are a number of questions which are meant to stimulate thinking and should be illuminated by web search and open access journals. (a) Why is synchronisation a problem in finance (herding), the...
-
Wilmot Real Estate Co. had the following balance sheet at year-end 2015: In early 2016, the company took out a \($200,000\) two-year bank loan to finance new real estate investments. The loan...
-
Major Bill Bligh, director of the Army War College's new 6-month attach training program, is concerned about how the 20 officers taking the course spend their precious time while in his charge. Major...
-
DIARIO 8 1 PTS Un ingeniero qumico industrial desea solicitar un prstamo de $ 1000 para cumplir con el pago del cuatrimestre. La Universidad le financia el monto anterior a una tasa de inters mensual...
-
Last year Janet purchased a $1,000 face value corporate bond with an 8% annual coupon rate and a 15-year maturity. At the time of the purchase, it had an expected yield to maturity of 10.45%. If...
-
The Sugarland Company reported the following on its balance sheet at December 31, 2012: Common Stock, $2.25 par value, 550,000 shares authorized, 400,000 shares issued and outstanding...... $ 900,000...
-
Colorado Corporation has two classes of stock, $10 par common and $20 par preferred. Journalize Colorados issuance of the following: a. 2,000 shares of common stock for $40 per share b. 2,000 shares...
-
What is the formula for the forward price of an investment asset that provides a known dollar income?
-
MARICALL company uses a standard costing system in connection with the manufacture of their product "X". each unit of finished product contains 2 yards of a direct material. However, a 20% direct...
-
https://drive.google.com/drive/folders/1rcAp0sLqzzGo8kO2ZiYSFClJXn1PAm03?usp=sharing questions and comments comment on the points from the readings to extend/apply them to other contexts or...
-
Unicloak Manufacturing Company's accrued factory payroll for the month ended October 31, 2020 amounted to P =335,800. Record shows that the following were deducted as a percentage of gross payroll:...
-
The manager of Gloria's Boutique has approved Carla's application for 24 months of credit with maximum monthly payments of $70. If the APR is 14.2 percent, what is the maximum initial purchase that...
-
QUESTION 1 (15 marks) The Assembly department of ABC, Inc. uses weighted average process costing method. It began the month of November 2021 with 8,000 units in the beginning work-in-process, which...
-
Calculate the \(\mathrm{pH}\) of a \(0.10 \mathrm{M}\) solution of \(\mathrm{CoCl}_{3}\). The \(K_{\mathrm{a}}\) value for \(\mathrm{Co}\left(\mathrm{H}_{2} \mathrm{O}ight)_{6}{ }^{3+}\) is \(1.0...
-
Evaluate each logarithm to four decimal places. log 0.257
-
From the following trial balance construct the statement of comprehensive income for P Miller for the year ended 31 December 2007 and a statement of financial position as at that date. Inventory as...
-
Distinguish between a reversing entry and an adjusting entry. Are reversing entries required?
-
How do correcting entries differ from adjusting entries?
-
What is meant by the term operating cycle?
-
Question Two (a) A six-month European Call option on a non-dividend paying Stock Index has a strike price of $4900. The index price is $5000, the risk-free rate is 5% per annum, and the value of u...
-
2 Assume these are the stock market and Treasury bill returns for a 5-year period: T-Bill Return Year Stock Market Return (%) (%) 2016 32.80 0.09 2017 12.20 0.09 2018 -2.90 0.09 2019 14.00 0.04 2020...
-
ces - Perpetuity Trust Fund You want to establish a trust fund that will provide $330,000 a year forever for your heirs. If the fund can earn a guaranteed rate of return of 15 percent, how much must...
Study smarter with the SolutionInn App