Entries by Munene david

1.) On January 2, 2018, Baltimore Company purchased 14,000 shares

May 6, 2020 in /by

1.) On January 2, 2018, Baltimore Company purchased 14,000 shares of the stock of Towson Company at $14 per share. Baltimore obtained significant influence as the purchase represents a 40% ownership stake in Towson Company. On August 1, 2018, Towson Company paid cash dividends of $25,000. Baltimore Company intended this investment to a long-term investment. On December 31, 2018, […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Towson Corp., was organized on January 2,

May 6, 2020 in /by

Towson Corp., was organized on January 2, 2018. During the first year of operation, Towson issued 90,000 shares of $2 par value common stock at a price of $50 cash per share.  On December 31, 2018, Towson reported Net Income of $250,000 and paid $50,000 cash dividends. Use this information to determine the dollar amounts that Towson […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

Towson Corp., had 6,000 shares of $100 par, 3% cumulative preferred

May 6, 2020 in /by

Towson Corp., had 6,000 shares of $100 par, 3% cumulative preferred stock as of January 1, 2018. No additional shares of preferred stock were issued during fiscal years 2018 & 2019.  Dividends were paid to common shareholders in 2017 but no shareholders were paid dividends in 2018.  A total of $90,000 of dividends was paid in 2019. Use this information […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"

On January 2, 2018, the first year of operations

May 6, 2020 in /by

On January 2, 2018, the first year of operations, Brunswick Corp., issued 15,000 shares of $10 par value common stock for $15 per share.  On July 1, 2018, Alpha Corp., 2,000 of these shares were reacquired for $16 each. On September 1, 2018 Brunswick Corp. reissued 900 shares of its treasury stock for $21 per share. […]

 

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"