Maurice Tutor

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

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 26 Jul 2017 My Price 3.00

building and land

a. Issued 100,000 shares of common stock at $5 each; 1,000,000 shares are authorized at $1 par value b. Issued 10,000 shares of common stock for a building and land. The building was appraised for 20,000, but the value of the land was undetermined. The stock is selling at $10 on the open market c. Purchased 1,000 shares of its own common stock on the open market for $16 per share d. Declared a dividend of $0.10 per share on outstanding common stock. The dividend is to be paid after the end of the year of operations. Market value of the sock is $26 e. Declared a 2-for-1 stock split. The market value of the stock was $37 before the stock split. There is no effect f. Reported $180,000 of income for the year I need to prepare the stockholders' equity section of balance sheet with information above. Please help

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Maurice Tutor
(5)
Status NEW Posted 26 Jul 2017 04:07 PM My Price 3.00

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