Levels Tought:
Elementary,Middle School,High School,College,University,PHD
Teaching Since: | May 2017 |
Last Sign in: | 307 Weeks Ago, 3 Days Ago |
Questions Answered: | 66690 |
Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
On January 1, 2014, Agassi Corporation had the following stockholders’ equity accounts.
Common Stock ($10 par value, 50,000 shares issued and outstanding) | Â | $500,000 | Â |
Paid-in Capital in Excess of Par—Common Stock |  | 480,000 |  |
Retained Earnings | Â | 600,000 | Â |
During 2014, the following transactions occurred.
Jan. 15Declared and paid a $1.05 cash dividend per share to stockholders.Apr. 15Declared and paid a 10% stock dividend. The market price of the stock was $13 per share.May 15Reacquired 1,800 common shares at a market price of $15 per share.Nov. 15Reissued 900 shares held in treasury at a price of $18 per share.Dec. 31Determined that net income for the year was $360,000.
Hel-----------lo -----------Sir-----------/Ma-----------dam----------- Â----------- -----------Â ----------- Â ----------- T-----------han-----------k Y-----------ou -----------for----------- us-----------ing----------- ou-----------r w-----------ebs-----------ite----------- an-----------d a-----------cqu-----------isi-----------tio-----------n o-----------f m-----------y p-----------ost-----------ed -----------sol-----------uti-----------on.----------- Pl-----------eas-----------e p-----------ing----------- me----------- on----------- ch-----------at -----------I a-----------m o-----------nli-----------ne -----------or -----------inb-----------ox -----------me -----------a m-----------ess-----------age-----------