Solve please Listed are the equity sections of balance sheets foryears 2011 and 2012 as reported by Mountain Air SkiResorts, Inc. The overall value of stockholders€TMequity has risen from $2,000,000 to $7,500,000. Usethe statements to discover how and why thishappened.Mountain Air Ski Resorts, Inc.Balance Sheets (partial)Stockholders' equity20112012Common stock ($1.00 par)Authorized-5,000,000 sharesOutstanding-1,500,000 shares 2012$1,500,000$ 500,000500,0001,000,000$2.000.000- 500,000 shares 2011Paid-in capital in excess of par4,500,000Retained earningsTotal stockholders' equity1.500,000$7.500,000The company paid total dividends of $200,000 duringfiscal 2012.a. What was Mountain Air€Ts net income for fiscal2012?b. How many new shares did the corporation issueand sell during the year?c. At what average price per share did the new stocksold during 2012 sell?d. At what price per share did Mountain Air€TMSoriginal 500,000 sharessell?

Company means the form of business where management is separately from owner and have perpetual…

Listed are the equity sections of balance sheets for years 2011 and 2012 as reported by Mountain Air Ski Resorts, Inc. The overall value of stockholders€TM equity has risen from $2,000,000 to $7,500,000. Use the statements to discover how and why this happened. Mountain Air Ski Resorts, Inc. Balance Sheets (partial) Stockholders' equity 2012 2011 Common stock ($1.00 par) Authorized-5,000,000 shares Outstanding-1,500,000 shares 2012 - 500,000 shares 2011 $1,500,000 $ 500,000 4,500,000 1,000,000 1500,000 Paid-in capital in excess of par 500,000 Retained carnings Total stockholders' equity $2.000,000 $7.500,000 The company paid total dividends of $200,000 during fiscal 2012. a. What was Mountain Air€Ts net income for fiscal 2012? b. How many new shares did the corporation issue and sell during the year? c. At what average price per share did the new stock sold during 2012 sell?

Listed are the equity sections of balance sheets for years 2011 and 2012 as reported by Mountain Air Ski Resorts, Inc. The overall value of stockholders€TM equity has risen from $2,000,000 to $7,500,000. Use the statements to discover how and why this happened. Mountain Air Ski Resorts, Inc. Balance Sheets (partial) Stockholders' equity 2012 2011 Common stock ($1.00 par) Authorized-5,000,000 shares Outstanding-1,500,000 shares 2012 - 500,000 shares 2011 $1,500,000 $ 500,000 4,500,000 1,000,000 1500,000 Paid-in capital in excess of par 500,000 Retained carnings Total stockholders' equity $2.000,000 $7.500,000 The company paid total dividends of $200,000 during fiscal 2012. a. What was Mountain Air€Ts net income for fiscal 2012? b. How many new shares did the corporation issue and sell during the year? c. At what average price per share did the new stock sold during 2012 sell?

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

Can you make QBI easier to understand? Can you say what the steps are?
The attached image is the problem. Thank you!
Explain an example of external users.
Explain how Naics Works?
what is a P&L
Define cardinality.
Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800
What is the answer to d e and f?
RTN: What is its significance?