Indicate how each of the following accounts should be classified in the stockholders equity section. (a) Common
Question:
Indicate how each of the following accounts should be classified in the stockholders’ equity section.
(a) Common stock.
(b) Paid-in capital in excess of par—common stock.
(c) Retained earnings.
(d) freasury stock.
(e) Paid-in capital from treasury stock.
(f) Paid-in capital in excess of stated value—common stock.
(g) Preferred stock.
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 41% (12 reviews)
a Common stock should be classified as a part of Common Stock in the stockholders equity section Common stock represents the ownership of a company and is the basic form of equity financing for a comp...View the full answer
Answered By
Kenneth Mutia
I have a B.S. in Statistics from the Jomo Kenyatta University of Agriculture and technology. I have been an academic tutor for over 3 years. I have a passion for helping students reach their full potential and am dedicated to helping them succeed. I am patient and adaptable, and I have experience working with students of all ages and abilities, from elementary school to college in their various fields. I have a wide scope of diverse tutoring experience in several courses of study with significant success as a tutor.
0.00
0 Reviews
10+ Question Solved
Related Book For
Accounting Principles
ISBN: 9781118566671
11th Edition
Authors: Jerry Weygandt, Paul Kimmel, Donald Kieso
Question Posted:
Students also viewed these Business questions
-
Indicate how each of the following accounts should be classified in the stockholders equity section. (a) Common stock (b) Paid-in capital in excess of par value (c) Retained earnings (d) Treasury...
-
Indicate how each of the following accounts should be classified in the equity section. (a) Share CapitalOrdinary (b) Retained Earnings (c) Share PremiumOrdinary (d) Treasury Shares (e) Share...
-
Indicate how each of the following accounts should be classified in the stockholders equity section. (a) Common Stock (b) Retained Earnings (c) Paid-in Capital in Excess of ParCommon Stock (d)...
-
Windy Company manufactures surfboard bags in a one-department process: Design and Manufacturing. The Design and Manufacturing Department uses weighted-average costing method. The following tables...
-
(a) How do you recognize a two-sample t-test design? (b) What must be true about the dependent variable? (c) Which versions of the t-test are available?
-
The homogeneous circular corona of the question 3 rotates about its axis of symmetry by making one revolution every 90 s 90 s around the axis of symmetry. Determine magnitude of the angular momentum....
-
Removing a stock priced at $40 and replacing it with a stock priced at $60 __________ the Dow Jones Industrial Average.
-
The following information describes the companys sales for the year: (a) A sale for $100,000 was made on March 23. As of the end of the year, all work associated with the sale has been completed....
-
Question 9 Which of the following would be least likely to be comparable between similar corporations in the same industry? Earnings per share Return on total assets before interest and taxes...
-
An ISP is granted the block 80.70.56.0/21. The ISP needs to allocate addresses for two organizations each with 500 addresses, two organizations each with 250 addresses, and three organizations each...
-
The four concentric forces act on the post. Determine the resultant force and its direction, measured counterclockwise from the positive x-axis. F = 250 N 60. F = 600 N 12 13 5 30 F3 = 450 N Prob....
-
As a mathematics professor loads more weight in the back of his Subaru, the mileage goes down. Let x be the amount of weight (in pounds) that he adds, and let y = (x) be the mileage (in mpg). (a) Is...
-
Explain what is meant by the term exchange difference. Distinguish between an unrealised exchange loss and a realised exchange loss. Provide an overview of the accounting requirements of AASB 121/IAS...
-
31. What is meant by path? 32. Give the formula for calculating D4 and D8 distance. 33. What is geometric transformation? 34. What is image translation and scaling? 35. Define the term Luminance
-
1. Explain Brightness adaptation and Discrimination 2.Explain sampling and quantization:
-
3. Explain about Mach band effect? 4. Explain color image fundamentals. 5. Explain CMY model.
-
1. Describe the fundamental steps in image processing? 2. Explain the basic Elements of digital image processing:
-
3. Explain the Structure of the Human eye 4. Explain the RGB model
-
A vending machine is designed to dispense a mean of 7.6 oz of coffee into an 8-oz cup. If the standard deviation of the amount of coffee dispensed is 0.4 oz and the amount is normally distributed,...
-
In the busy port of Chennai, India, the number of containers loaded onto ships during a 15-week period is as follows: 1. Develop a linear trend equation to forecast container loadings. 2. Using the...
-
Lee Chang opened Changs Cleaning Service on July 1, 2010. During July the following transactions were completed. July 1 Chang invested $20,000 cash in the business. 1 Purchased used truck for $9,000,...
-
The financial statements of PepsiCo, Inc. are presented in Appendix A at the end of this textbook. Instructions Answer the questions on the following page using the Consolidated Balance Sheet and the...
-
The financial statements of PepsiCo, Inc. are presented in Appendix A at the end of this textbook. Instructions Answer the questions on the following page using the Consolidated Balance Sheet and the...
-
Indicate whether the following managerial policy increases the risk of a death spiral:Use of low operating leverage for productionGroup of answer choicesTrueFalse
-
It is typically inappropriate to include the costs of excess capacity in product prices; instead, it should be written off directly to an expense account.Group of answer choicesTrueFalse
-
Firms can avoid the death spiral by excluding excess capacity from their activity bases. Group of answer choicesTrueFalse
Study smarter with the SolutionInn App