Maurice Tutor

(5)

$15/per page/Negotiable

About Maurice Tutor

Levels Tought:
Elementary,Middle School,High School,College,University,PHD

Expertise:
Algebra,Applied Sciences See all
Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 402 Weeks Ago, 3 Days Ago
Questions Answered: 66690
Tutorials Posted: 66688

Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 25 Jul 2017 My Price 7.00

Castle Corporation

The balance sheet of Castle Corporation includes the following equity section:
Capital stock:
Common stock, $2 par, 50,000 shares authorized,
30,000 shares issued and outstanding ………………………..$ 60,000
Paid-in capital in excess of par ………………………………. 71,800
Total capital stock ……………………………………………. $131,800
Retained earnings …………………………………………….. 73,000
Total equity ……………………………………………………. $204,800

Required:
1. Assume that Castle issued 30,000 shares for cash at the inception of the corporation and that no new shares have been issued since. Determine how much cash was received for the shares issued at inception.
2. Assume that Castle issued 15,000 shares for cash at the inception of the corporation and subsequently declared a 2-for-1 stock split. Determine how much cash was received for the shares issued at inception.
3. Assume that Castle issued 25,000 shares for cash at the inception of the corporation and that the remaining 5,000 shares issued are the result of stock dividends that capitalized retained earnings of $21,600. Determine how much cash was received for the shares issued at inception.

Answers

Maurice Tutor
(5)
Status NEW Posted 25 Jul 2017 12:07 PM My Price 7.00

Hel-----------lo -----------Sir-----------/Ma-----------dam----------- Â-----------  -----------Tha-----------nk -----------You----------- fo-----------r u-----------sin-----------g o-----------ur -----------web-----------sit-----------e a-----------nd -----------acq-----------uis-----------iti-----------on -----------of -----------my -----------sol-----------uti-----------on.-----------Ple-----------ase----------- pi-----------ng -----------me -----------on -----------cha-----------t I----------- am----------- on-----------lin-----------e o-----------r i-----------nbo-----------x m-----------e a----------- me-----------ssa-----------ge -----------I w-----------ill----------- be----------- ca-----------tch-----------

Not Rated(0)
Relevent Questions