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 $20 each. On September 1, 2018 Brunswick Corp. reissued 600 shares of its treasury stock for $24 per share. […]
Towson Corp., had 3,000 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 $85,000 of dividends was paid in 2019. Use this information […]
Towson Corp., was organized on January 2, 2018. During the first year of operation, Towson issued 100,000 shares of $1 par value common stock at a price of $30 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 […]
Xenon Company’s April 1, 2018 beginning work in process was 550 units. During April an additional 2,700 units were put into production. At the end of April all units were completed except for 675 units. Use this information to determine number of units completed. Looking for a Similar Assignment? Order now and Get 10% […]
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