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22 23 24 Superstar Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $21.00 per share.
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Superstar Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $21.00 per share. Common Stock, $8.00 Par, 121,000 shares authorized, 41,000 shares issued and outstanding Paid - in Capital in Excess of ParCommon Retained Earnings Total Stockholders' Equity $328,000 124,000 304,000 $756,000 What would be the total stockholders' equity after a 15% common stock dividend? O A. $803,150 O B. $453,600 OC. $452,000 OD. $756,000 Refer to the following list of liability balances at December 31, 2019. Accounts Payable $23,000 Employee Health Insurance Payable 950 Employee Income Tax Payable 1,200 Estimated Warranty Payable (Due 2020) 1,400 Long-Term Notes Payable (Due 2022) 40,000 FICA-OASDI Taxes Payable 1,160 Sales Tax Payable 1,270 Mortgage Payable (Due 2023) 13,000 Bonds Payable (Due 2024) 59,000 Current Portion of Long-Term Notes Payable 3,500 What is the total amount of long-term liabilities? O A. $99,000 B. $53,000 O C. $40,000 OD. $112,000 The balance in the Bonds Payable is a credit of $74,000. The balance in the Premium on Bonds Payable is a credit of $1,600. What is the bond carrying amount? A. $74,000 B. $1,600 O C. $72,400 OD. $75,600Step by Step Solution
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