Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Incorrect Question 4 0/2.5 pts On January 1, 2021, Matsumura Fishworks Corporation is authorized to issue 2,000 shares of common stock with a par value

Incorrect Question 4 0/2.5 pts On January 1, 2021, Matsumura Fishworks Corporation is authorized to issue 2,000 shares of common stock with a par value of $.01 per share. On January 2, 2022, they issue 1,500 shares for $20 per share. On March 1, 2023, Matsumura repurchases 800 shares of its outstanding common stock for $17 per share. On December 1, 2023, they sell 500 shares of treasury stock for $25 per share. These are Matsumura's only stock transactions during this time. How many total shares of common stock does Matsumura have issued as of March 2, 2023? (enter your answer as digits only, without any dollar signs, periods, or commas). 700 Incorrect Question 8 0/2.5 pts The following information pertains to questions 7 and 8. Compuglobalhypermeganet Corporation has the following in its equity accounts on March 7, 2022, when it declares a dividend of $.47 per share, payable on April 30, 2022: Treasury Stock 15,000 shares. Common Stock Issued and Outstanding-265,000 shares. What account(s) will Compuglobalhypermeganet debit on April 30, 2022? Check all that apply. Dividends payable Additional paid-in capital Common stock Retained earnings

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

Step: 3

blur-text-image

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

More Books

Students also viewed these Accounting questions

Question

Identify the hallucinogens, and describe their effects.

Answered: 1 week ago

Question

Q.1. Taxonomic classification of peafowl, Tiger and cow ?

Answered: 1 week ago

Question

Q .1. Different ways of testing the present adulterants ?

Answered: 1 week ago

Question

Q.1. Health issues caused by adulteration data ?

Answered: 1 week ago