Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Wholegrantteash Foods inc is authoried to issuo 4250000 common shares (1) (Click the icon to view additional intormation) Requirement parentheses or a minus sign for

image text in transcribed
image text in transcribed
image text in transcribed
Wholegrantteash Foods inc is authoried to issuo 4250000 common shares (1) (Click the icon to view additional intormation) Requirement parentheses or a minus sign for numbers to be subtracted ] Catcuale the bulance of retained earnos as a rosult of the transac tons (Use parentheses or a minus sign for numbers to be subtracted or for negative balances) Whologrein Hesith Foods inc is aufnonzed lo 15s004.250000 common shaves (B) (Click the icon to view additionat infermatien? Requirement Wholegrain Health Foods inc is authorzed to issue 4,250,000 common shares (1) (Click the icon to view additional information.) Requirement Show the computation of Wholograin's folal shateholders' equity at Decomber 31,2020 Present in detaled computation of each eicment of shareholders' equity Additional information In its intial pubic ottering durng 2016, Whotegran issued 600,000 common shares for $6,50 pet shase Over the nest year, Wholegrain's share price increased and the compary issised 420,000 more shares at as awerape price of 5800 During the fivo vears trom 2010 through 2020, Wholegras earned net income of 5940,000 avid declared and pais cash dividends of $110,000A s percent stock dividend Was dstributed to the shweholders in 2020 on the shares outstandag The market price was $1000 per shoce when the slock dividend was datributed A. December 31,2020 , the company has fotal assets of 514400000 and total liablites of $6,310,000 Retanest earnegs (defoct) Complote the table to caicuiat (ph when subtracting numbers)

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

Safety Health And Environmental Auditing A Practical Guide

Authors: Simon Watson Pain

2nd Edition

1138557153, 9781138557154

More Books

Students also viewed these Accounting questions

Question

Design dashboards, widgets, and gadgets.

Answered: 1 week ago