Global Publishing Inc. was recently organized. The company issued common shares to a lawyer who provided legal services of $23,000 to help organize the corporation. Global also issued common shares to an inventor in exchange for his patent with a fair value of $100,000. In addition, Global received cash both for the issuance of 5,500 of its preferred shares at $155 per share and for the issuance of 26,000 common shares at $28 per share. During the first year of operations, Global earned net income of $70,000 and declared a cash dividend of $35,000. Without making journal entries, determine the total share capital created by these transactions. Share capital consists of: C

Global Publishing Inc. was recently organized. The company issued common shares to a lawyer who provided legal services of $23,000 to help organize the corporation. Global also issued common shares to an inventor in exchange for his patent with a fair value of $100,000. In addition, Global received cash both for the issuance of 5,500 of its preferred shares at $155 per share and for the issuance of 26,000 common shares at $28 per share. During the first year of operations, Global earned net income of $70,000 and declared a cash dividend of $35,000. Without making journal entries, determine the total share capital created by these transactions. Share capital consists of: C

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

+ You are looking at buying your first car. Based on your budget you can afford up to $400 per month payments. You go to the DATCU branch in the Union Building and they give you 3 options for preapproved loans. Fill in the table below. Check your answers in Canvas to make sure you got them right before the due date! Unlimited attempts to check your math for the tables! DATCU Options Term in Months (N) Down Payment Required 48 60 72 10% 10% 10% Interest Rate (I/Y) 5.49% 6.49% 6.99% Hint: Convert to monthly on calculator $ 400 $ 400 $ 400 Monthly Payment (PMT) Hint: make it negative on calculator Maximum Amount Financed (PV) Down Payment Required in $$ Maximum Price willing to pay for Car including Tax, Title, and License If you paid the maximum price on the car calculate the following: Total Interest paid on the Car Total Amount paid for car Hint: It is all the payments and down payment
What is the interest rate, monthly deposits, time amount, target Amount, actual Amount and different? And what is the final answer to the question? I'm really lost right now. I was told to use the (saving formula for this)
Can someone show me how to solve this problem manually without using excel or financial cal
Fast pls solve this question correctly in 5 min pls I will give u like for sure Savitr Prudencia has to make two payments of 2,000 each, within 6 and 9 months, to deal with some extraordinary repairs from the community of neighbors. Calculate how much money Doña Prudencia must place today in an account that offers 6% annual interest, to meet these payments.
Finance class You borrow $10 from your brother 2 days ago and you are paying him back $11 today. What is the APR? What is the EAR?
Do you want to be one of the first people to take a commercial flight to outer space which means that you need to save $3522922. However, currently only have 2333723 in your savings account. Based on an analysis of your monthly budget, you can find a way to add 3437 per month to your account until you have enough. You can earn on average 12.2% APR in your account, compounded monthly how many years will you need to work before you can experience the weightlessness of the final frontier?
Like the solution i attach solve the problem now in 20 min and take a thumb up plz
Bank account C starts with $10 and doubles each week. Bank account D starts with $1,000 and grows by $500 each week. When will account C contain more money than account D? At 4 weeks O At 2 weeks O At 3 weeks O At 10 weeks
Pls solve this question correctly in 5 min i will give u like for sure
2
10
Its easy kindly help with text