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As of December 31, 2021, Purdue Corporation reported the following: Cash dividends payable Treasury stock Paid-in capital-share repurchase Common stock and other paid-in capital accounts
As of December 31, 2021, Purdue Corporation reported the following: Cash dividends payable Treasury stock Paid-in capital-share repurchase Common stock and other paid-in capital accounts Retained earnings $ 36,000 760, 900 36,000 5,600,000 4,600,000 During 2022, half of the treasury stock was resold for $272,000; net income was $760,000; cash dividends declared were $660,000, and small stock dividends declared and distributed were $432,000. What would shareholders' equity be as of December 31, 2022? Multiple Choice None of these amounts is correct.. On January 1, 2021, G Corp. granted stock options to key employees for the purchase of 83,000 shares of the company's common stock at $28 per share. The options are intended to compensate employees for the next two years. The options are exercisable within a four-year period beginning January 1, 2023, by the grantees still in the employ of the company. No options were terminated during 2021, but the company does have an experience of 3% forfeitures over the life of the stock options. The market price of the common stock was $34 per share at the date of the grant G Corp. used the Binomial pricing model and estimated the fair value of each of the options at $11. What amount should G charge to compensation expense for the year ended December 31, 2021? Multiple Choice $913,000 (0) O $885,610 O $442,805
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