These account balances at December 31 relate to Sportaid Inc.:Accounts Payable...Accounts Receivable.Common Shares...Bonds Payable ...What is the total share capital for Sportaid Inc.?OA. $694,445OB. $701,345C. $753,800D. $682,000E. None of the above$ 51,700 Preferred Shares, $0.01,81,350 890,000 shares issued593,000 Retained Earnings. .3,400 Notes Receivable ..89,00071,80012,500

Share Capital Means That Company Raised Through The Issuance Of Common Shares. It Includes The…

Answered: These account balances at December 31…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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What is the total stockholders equity based on the following account balances? Common stock $318,200 Paid in capital excess of par $58,300 Retained earnings $161,360 Treasury stock $21,200
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The following information was drawn from the year-end balance sheets of Munoz River, Incorporated. Year 2 $675,000 213,000 Account Title Bonds payable Common stock Treasury stock Retained earnings Additional information regarding transactions occurring during Year 2: 1. Munoz River, Incorporated issued $49,800 of bonds during Year 2. The bonds were issued at face value. All bonds retired were retired at face value. 35,000 89,600 2. Common stock did not have a par value. 3. Munoz River, Incorporated uses the cost method to account for treasury stock. 4. The amount of net income shown on the Year 2 income statement was $35,100. Required a. Determine the amount of cash flow for the retirement of bonds that should appear on the Year 2 statement of cash flows. b. Determine the amount of cash flow from the issue of common stock that should appear on the Year 2 statement of cash flows. c. Determine the amount of cash flow for the purchase of treasury stock that should appear on the Year 2…
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The stockholders' equity section of Riverbed Corporation's balance sheet as of December 31, 2025 is as follows: Stockholders' Equity Common stock, $5 par value; authorized, 1,900,000 shares; issued, 380,000 shares Paid-in capital in excess of par Retained earnings The following events occurred during 2026: 1. 2. 3. 4. 5. 6. 7. Jan. 5 Jan. 16 Feb. 10 March 1 April 1 July 1 Aug, 1 $1,900,000 825,000 3,200,000 $5,925,000 28,000 shares of authorized and unissued common stock were sold for $8 per share. Declared a cash dividend of 20 cents per share, payable February 15 to stock-holders of record on February 5. 40,000 shares of authorized and unissued common stock were sold for $11 per share. A 30% stock dividend was declared and issued. Fair value per share is currently $14. A two-for-one split was carried out. The par value of the stock was to be reduced to $2.50 per share. Fair value on March 31 was $18 per share. A 15% stock dividend was declared and issued. Fair value is currently $10…
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These account balances at December 31 relate to Sportaid Inc.: Accounts Payable.. Accounts Receivable Common Shares $ 51,700 Preferred Shares, $0.01, 81,350 890,000 shares issued 593 000 Retained Earnings