Entries by mary WAMBUGU

On Oct 1, ABC corporation authorized two things: 1. the issuance of additional 1000 shares of common stock. 2. the issuance of 500 shares of common stock dividends.

August 22, 2019 in /by

On Oct 1, ABC corporation authorized two things: 1. the issuance of additional 1000 shares of common stock. 2. the issuance of 500 shares of common stock dividends. (par value: $10/sh, market value: $15/sh as of 10/1)   Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code “Newclient”

 

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Employer records the salary expenses for all employees’ gross pay. Assume that the total salary expenses for ABC company’s employees are $15,500 for the month of September 2017

August 22, 2019 in /by

Employer records the salary expenses for all employees’ gross pay.Assume that the total salary expenses for ABC company’s employees are $15,500 for the month of September 2017. It consists of: FICA Social Security taxes (6.2% of up to $118,500 of an employee’s earnings): $2,170 FICA Medicare/Medicaid Taxes (1.45% of earnings): $530 Federal Income Taxes Withheld: $4,100 State Income Taxes […]

 

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Assume beginning assets of $60,000, ending assets of $80,000, a $10,000 decrease in liabilities, and ending stockholders’ equity of $45,000.

August 22, 2019 in /by

Assume beginning assets of $60,000, ending assets of $80,000, a $10,000 decrease in liabilities, and ending stockholders’ equity of $45,000. If dividends were twice the capital stock issuances of $20,000, how much was net income for the period? How do I solve this?   Looking for a Similar Assignment? Order now and Get 10% Discount! […]

 

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On January 1, 2017, the first year of operations, Alpha Corp, issued $15,000 shares of $10 par value common stock for $15 per share.

August 22, 2019 in /by

On January 1, 2017, the first year of operations, Alpha Corp, issued $15,000 shares of $10 par value common stock for $15 per share. On July 1, 2017, Alpha Corp 1000 of these shares were reacquired for $20 each. On Sept 1,2017, Alpha reissued for $22 per share. No stock transactions occurred during the remaining […]

 

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