The Board of Cochal, Inc. has authorized for sale 1,000 shares of common stock at a price of $400/share.   The company has 700 unissued shares and has 25 shares held in Treasury.   How much money can the company raise in total by selling and issuing shares of stock?       $290,000     $280,000     $130,000     $120,000

Q: 2)

A: To determine how many shares Company R needs to sell to raise $45,000,000, we need to consider the…

Q: Your Corporation had 60,000 shares of $5 par value common stock authorized, 40,000 shares issued and…

A: Cash dividend is the amount of money paid by the entity in the form of return to the shareholders of…

Q: A corporate charter specifies that the company may sell up to 20 million shares of stock. The…

A: Treasury stock means the number of shares that are bought back by the entity from the market. These…

Q: Cole Company has 296,000 shares of common stock authorized, 252,000 shares issued, and 67,000 shares…

A: Dividend is the amount of return paid by the entity to its shareholders. It is declared by the…

Q: What are the journal entries with the following entries: The firm ABC has issued $300,000 in…

A: 1. In 1st Transaction the company has issued 10000 common share valuing 90000(10000*9)  for $300000.…

Q: Cleveland Corporation has 100,000 shares of common stock outstanding. The company's net income is…

A: Earnings for common stockholders = $950,000÷ Number of outstanding shares = 100,000Earnings per…

Q: Enscoe Enterprises, Inc. (EEI) has 220,000 shares authorized, 170,000 shares issued, and 30,000…

A: Market Value of the stock depends on a lot of factors like then the brand image of the company,…

Q: Bingo's Fishin Shack has assets of $300,000, current liabilities of $30,000, and long term…

A: Book value per share can be calculated by dividing the total common stock value by the number of…

Q: Ogilvie Corp. issued 30,000 shares of no-par stock for $40 per share. Ogilvie was authorized to…

A: Entry for stock issued: Cash a/c Dr $1,200,00      To Paid in excess capital a/c $1,200,000

Q: Netpass Company has 300,000 shares of common stock authorized, 270,000 shares issued, and100,000…

A: Outstanding shares = Issued shares - Treasury shares                                  = 270,000…

Q: Thousand Islands Resorts has 1,750,000 shares of authorized common stock, each having a $1 par…

A: Honor code: Since you have posted a question with multiple sub-parts, we will solve the first three…

Q: You own 1,000 shares of Gables Co. The shares are currently selling for $24. The company has just…

A: Answer :-  When a company announced stock split, the number of shares of the  company increases, but…

Q: A corporate charter specifies that the company may sell up to 40 million shares of stock. The…

A: Issue of shares by the company by the company is one of important source of capital for the company.…

Q: CBA Inc. has 400,000 shares outstanding with a $5 par value. The shares were issued for $12. The…

A: Solution:Stock dividend means payment of dividend shareholders in form of shares.

Q: The board of directors of Smith Enterprises announced a dividend of P1.75 per share on August 2. The…

A: The dividend is paid to shareholders from the retained earnings of the business.

Q: Enscoe Enterprises, Inc. (EEI) has 220,000 shares authorized, 170,000 shares issued, and 30,000…

A: Calculate the book value per share as follows: Book value per share = Total equity / Number of…

Q: Enscoe Enterprises, Inc. (EEI) has 260,000 shares authorized, 190,000 shares issued, and 50,000…

A: Equity=Common stock+Retained earnings=$480,000+$80,000=$560,000

Q: The number of shares traded in the market for Company (S) amounted to 100,000 ordinary shares with a…

A: The journal entries are prepared to record the transactions on regular basis. The treasury stock…

Q: Enscoe Enterprises, Incorporated (EEI) has 360,000 shares authorized, 300,000 shares issued, and…

A: Shares, usually referred to as stocks, signify ownership in a business.  When a company decides to…

Q: Smart Poly Machine issues 5,000 shares of 5%, $10 Par Value Preferred Stock for $10,000 cash,…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: rior to June 30, a company has never had any treasury stock transactions. A company repurchased 100…

A: Treasury stock refers to shares of a company's own stock that it has repurchased or bought back from…

Q: Netpass Company has 600,000 shares of common stock authorized, 510,000 shares issued, and 240,000…

A: Dividend is paid on the shares outstanding. Shares outstanding = Shares issued - Treasury shares…

Q: help!

A: Treasury stock: The shares of a corporation that are bought back from the shareholders for cash but…

Q: Suppose that the Atlantic Sun conference is a for-profit organization that can be bought. Suppose an…

A: Consolidation is an activity in which financial statements of a parent and its subsidiary should be…

Q: The Board of Voyager, Inc. has authorized for sale 10,000 shares of common stock at a price of…

A: Solution:- Authorised shares represent the maximum number of shares that a company has in its…

Q: MC Qu. 11-50 A corporate charter specifies that the company may... A corporate charter specifies…

A: Authorized Shares - These are the maximum number of shares that a company is allowed to issue /…

Q: From page 10-3 of the VLN, when the company sells 100 shares of the treasury stock for $11 per…

A: When the company sells 100 shares of treasury stock at $11 per share which were purchased at The $12…

Q: Equity: 120,000 shares at $1 each. Share premium: $22,000 The company decides to issue 1:3 shares.…

A: Share Premium- This is the amount which is over and excess of nominal value. If Say for example if…

Q: a company issued 500,000 of its 2 million shares of authorized common stock. at the end of the…

A: Treasury stock: Shares which are bought back by the company from the open market but not retired…

Q: On 1 January 20X1, Grey Corp. issued 386,000 no-par common shares at $4.55 per share. In 20X5, there…

A: Working : The portion of shares that a company keeps in his own treasury is called as treasury…

Q: 5. Equity Accounts. The authorized share capital of the Alfred Cake Company is 100,000 shares. The…

A: Authorized shares are the maximum number of shares a company is allowed to issue to shareholders.…

Q: Voyager, Inc. has 1000 shares issued with 800 shares outstanding.  If Voyager Inc. pays a dividend…

A: Number of shares outstanding 800 shares Dividend per share $4

Q: PURPLE Corporation was corporated at the beginning of e current year and provided the lowing…

A: 1) Shares Issued are those shares which are issued to the public in large, and it also includes…

Q: A company has 360,000 shares authorized, 120,000 shares issued, and 80,000 shares outstanding. How…

A: Treasury stock represents the shares that have already been reacquired by the entity from its…

Q: Montana Company was authorized to issue 200,000 shares of common stock. The company had issued…

A: Shares which are bought back by the company from the open market but not retired from the company…

Q: A company has the following Capital Structure: Ordinary $10 shares authorized: 1,000,000, of which…

A:

Q: A company has 500,000 shares authorized, 100,000 shares issued, and 10,000 shares in Treasury Stock.…

A: Treasury stock means where the own stock has been repurchased by company from open market and can be…

Q: Enscoe Enterprises, Incorporated (EEI) has 220,000 shares authorized, 160,000 shares issued, and…

A: Shares outstanding are the shares actually held by the entity. These are determined by deducting the…

Q: CBA Incorporated has 400,000 shares outstanding with a $5 par value. The shares were issued for $12.…

A: Stock dividend means payment of dividend to shareholders in form of issue of shares. There will be…

Q: California Surf Clothing Company issues 1,000 shares of $1 par value common stock at $35 per share.…

A: Meaning of Treasury stock Treasury stock means the shares which are repurchased by the company which…

Q: The Board of Directors of Challenger, Inc. has authorized 10,000 shares of stock at a price of…

A: Total number of authorised shares are 10,000 Stock price per share is $200/Share Shares Issued are…

Q: Bolton Ltd currently has 200,000 issued shares trading at $3.50 per share and has announced a rights…

A: Right shares are issued to the existing shareholders on the basis of the proportion of holding. The…