FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

ABC Company issued common stock at the following times: On Feb. 4th: 3,000 shares of common stock for $23.00 per share. On June 1st: 2,000

image text in transcribed
ABC Company issued common stock at the following times: On Feb. 4th: 3,000 shares of common stock for $23.00 per share. On June 1st: 2,000 shares of common stock for $30.00 per share The Par Value of ABC's common stock is $2.00. What is the total increase to PIC in Excess as result of these two events? 10,000 O 129,000 119,000 69,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Accounting Version 3.0

Financial Accounting Version 3.0

Authors: Leah Kratz, Joe Ben Hoyle, C. J. Skender

3rd Edition

1453392904, 9781453392904

More Books

Students also viewed these Accounting questions

Question

★★★★★
In air a gold-surfaced sphere weighs 7588 grams. It is known that it may contain one or more of the metals aluminum, copper, silver, or lead. When weighed successively under standard conditions in...

Answered: 1 week ago

Question

★★★★★
Explain why marketing managers should understand consumer behavior? LO.1

Answered: 1 week ago

Question

★★★★★
=+c) During its initial release, is there an association between the number of downloads of a new smartphone game and the number of hours since it has been released?

Answered: 1 week ago

Question

★★★★★
Recording Journal Entries Sysco, formed in 1969, is North Americas largest marketer and distributor of food service products, serving approximately 400,000 restaurants, hotels, schools, hospitals,...

Answered: 1 week ago

Question

★★★★★
Vaughn Company has the following inventory information. July 1 Beginning Inventory 30 units at $80 5 Purchases 40 units at $80 14 Sale 40 units 21 20 units at $90 Purchases 30 Sale 30 units Assuming...

Answered: 1 week ago

Question

★★★★★
Question 19 of 23 An analyst is building a DCF using the unlevered approach and calculates unlevered free cash flows of $100 in the first forecast year and net debt of $800 ($1,000 in gross debt,...

Answered: 1 week ago

Question

★★★★★
A critical reflection on how you have developed personally and professionally from human service organization placement. Consider questions such as: What soft skills (for eg., communication,...

Answered: 1 week ago

Question

★★★★★
Fake Racing Hoax Racing Direct materials $7 500 $10 000 Direct labour $13 000 $12 500 Number of inspections 4 2 Number of set-ups 3 1 Number of machine hours 2000 4 500 Number of engineering 130 50...

Answered: 1 week ago

Question

★★★★★
Simple expected value calculations are at the heart of Kahneman and Tversky's prospect theory. Calculate the expected value of the following gamble. You are playing the following game: draw a card...

Answered: 1 week ago

Question

★★★★★
From the following data prepare a statement of cost of goods manufactured and cost of goods sold of Popular Stoves Manufacturing Co. for the year 2011: Rs. Stock of materials on 1-1-201135,000 Stock...

Answered: 1 week ago

Question

★★★★★
Reflect on your learning experience and course resources and answering the following. Note that this is not a research project and would expect either your personal thoughts or SYST 3 0 0 2...

Answered: 1 week ago

Question

★★★★★
5. Describe the pros and cons of five management development methods.

Answered: 1 week ago

Question

★★★★★
6. Do you think job rotation is a good method to use for developing management trainees? Why or why not?

Answered: 1 week ago

Question

★★★★★
2. John Santos is an undergraduate business student majoring in accounting. He just failed the first accounting course, Accounting 101. He is understandably upset. How would you use performance...

Answered: 1 week ago

Previous Question Next Question