Answered step by step

Verified Expert Solution

Link Copied!

Question

1 Approved Answer

Posted on Jun 28, 2024

Kendrick Corporation Was organized on January 2 , 2017 . During 2017 , Kendrick issued 20,000 shares at $32 per share , purchased 4 000

Kendrick Corporation Was organized on January 2 , 2017 . During 2017 , Kendrick issued 20,000 shares at $32 per share , purchased 4 000 treasury shares at $26 per share , and had net income of $500 ,000 . What is the total amount of equity at December 31 2017 ? a . $740.000 b . $1 036000 C . $1 044 000 d . $1 060,000

Step by Step Solution

There are 3 Steps involved in it

Step: 1

Get Instant Access to Expert-Tailored Solutions

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

Step: 2

Step: 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 And Managerial Accounting

Authors: Jan R. Williams, Joseph V. Carcello, Mark S. Bettner, Sue Haka, Susan F. Haka

14th International Edition

0071101217, 9780071101219

More Books

Students also viewed these Accounting questions

Question

★★★★★

The shareholders equity section of Gilman Companys balance sheet appeared as follows on August 15, 2010: Common stock$ 1 par value, 1,000,000 shares authorized, 400,000 shares issued and outstanding...

Answered: 1 week ago

Question

★★★★★

Do you think accessing HSN merchandise via YouTube is useful?

Answered: 1 week ago

Question

★★★★★

How to Calculate Binomial Probabilities Using the Normal Approximation

Answered: 1 week ago

Question

★★★★★

In addition to the reasons listed in the chapter, what other issues or events might cause an organization that does not have a formal IS vision recognize the need for developing one?

Answered: 1 week ago

Question

★★★★★

A defined - contribution plan specifies the benefits the employee will receive at the normal retirement age. Question 3 options: True False

Answered: 1 week ago

Question

★★★★★

Question No. 1 : Corporate Finance Part A ABC company has bond outstanding of 100,000 selling at par. Similar bonds in the market have a yield rate of 7.5%. In its capital structure, the company also...

Answered: 1 week ago

Question

★★★★★

Let f C C, differentiable at the origin, f(0) = 0, and satisfy f(2z) = 2f(z) for all z = C. Prove that there exists c E C such that f(z) = cz for all z = C.

Answered: 1 week ago

Question

★★★★★

Present two of Kaiser Permanente's competitors and explain whether you believe they are a prospector, defender, analyzer, or reactor. ( Class- Strategic Management)

Answered: 1 week ago

Question

★★★★★

1 . You may purchase a parcel of land for its current market price of $ 6 , 0 0 0 , 0 0 0 . Restrictive covenants only allow you to build a hotel on the land. 2 . The parcel of land is currently...

Answered: 1 week ago

Question

★★★★★

Write SQL statement to create a single table for the STAR entity identified in the E-R model you created last week. Then add one or two rows of sample data into the STAR table (feel free to pick your...

Answered: 1 week ago

Question

★★★★★

2. If the coordinate frame oixiyizi is obtained from the coordinate frame ooxoyozo by a rotation of /2 about the x-axis followed by a rotation of /2 about the fixed y-axis, find the rotation matrix R...

Answered: 1 week ago

Question

★★★★★

2. In this chapter, the reader should reflect on the following concepts : Thomas theorem, premise of action, utterance and mental constructions.

Answered: 1 week ago

Question

★★★★★

11. Based on the following rules regarding the confidence we have in information in a communication context, find examples from your everyday life where the rules have relevance: (a) The spatial rule...

Answered: 1 week ago

Question

★★★★★

2. Describe a situation from your own everyday life where it is clear that the situation in its consequence becomes the way you define it.

Answered: 1 week ago

Previous Question Next Question