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Please answer all and show work Following is the stockholder's equity section of Sun Soldering, Inc. at December 31, 2016 Stockholders' Equity Common stock S0.15
Please answer all and show work
Following is the stockholder's equity section of Sun Soldering, Inc. at December 31, 2016 Stockholders' Equity Common stock S0.15 par value, authorized 600,000 shares Additional paid-in capital Retained earnings Treasury stock 5,000 shares Total stockholders' equity December 31, 2016 S 30,000 852,000 80,000 (95.000) $867,000 Required a. Compute the number of shares that have been issued b. At what average issue price were the shares issued? c. At what average cost were the treasury stock purchased? QUES TION 11 Spinning Teacups, Inc. provided the following information for 2016 and 2015 Retained earnings, December 31, 2016 Retained earnings, December 31, 2015 Note payable, December 31, 2016 Note payable, December 31, 2015 Net income-2016 $76,000 80,000 42,000 49,000 64,000 No new loans were taken out during 2016 Required Prepare the financing activities section of the statement of cash flows for 2016 QUES TION 15 Tiberius, Inc. provided the following aging of its receivables at December 31 Receivables Balance Estimated % Uncollectible e o Accounts 0-30 days 31 to 60 day 61 to 90 days 91 to 120 days Over 121 days Total $184,000 96,000 34,000 21,000 11.000 $346,000 0.4% 2.4% 6.0% 9.1% 51.4% During the year, $12,512 of receivables were written off. The balance at the beginning of the year in the allowance account was $12,000 Required a. How much will Tiberius report as bad debts expense for the year? b. How much is the net value of Tiberius's receivables at year endStep by Step Solution
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