Waterway Corporation was organized on January 2, 2020. During 2020, Waterway issued 39200 shares at $22 per share, purchased 5700 shares of treasury stock at $24 per share, and had net income of $615000. What is the total amount of stockholders’ equity at December 31, 2020? $1216600 $1376600 $1340600 $1352000

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A: Before the declaration of stock dividends: Number of Shares = 500,000 shares Price per Share = RO…

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A: The dividend on preference shares is paid before any dividend is paid to common stockholders, and…

Q: The entry to record the sale on the books of Image should include:

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Q: The stockholders’ equity account balances of Image Corporation as of December 31, 2020 are as…

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Q: Accounting Cherry Corporation had 600,000 shares of common stock outstanding during 2020. In…

A: Answer a:- EPS = $1.67. Explanation:-  Computation of EPS:-  EPS = Net Income / Outstanding shares…

Q: ation is available for YZ Corporation: January 1,2019  Shares outstanding  1,250,000 April 1,2019…

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Q: Using the information below, how may Ordinary shares were issued in 2020? The shareholders' equity…

A: Ordinary share capital gets impacted only when shares are issued, therefore, to ascertain the number…

Q: The stockholders' equity account balances of Image Corporation as of December 31, 2020 are as…

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Q: XYZ Robotics Inc. was organized on January 1, 2019, with 530,000 shares authorized; 190,000 shares…

A: Retained earnings represent the accumulated net income that a company has earned and retained since…

Q: On January 1, 2020, vic Corporation had the following shareholders’ equity accounts: vic…

A: Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders issued…

Q: Stan statement of financial position shows total shareholders' equity of P3,150,000 as of December…

A: Solution: Outstanding shares = Issued shares - shares in treasury = 52000 - 2000 = 50000 shares

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Q: 3. On January 1, 2020, Wooden Company issued 16,000 shares of $2 par value common stock for…

A: Journal Entries - Journal Entries are the records of the transactions entered into by the…

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A: The book value per share is calculated as total shareholders equity divided by number of shares…

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A: A journal entry is a form of accounting entry that is used to report a business transaction in a…

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Q: The board of directors of Bramble Corp. declared a cash dividend of $1.30 per share on 36000 shares…

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Q: The board of directors of Tru Corporation declared cash dividends of $4.4 million, $9.0 million, and…

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Q: ormation to answer the questions 34 and 35. con Corporation had 40,000 shares of $10 k issued and…

A: The treasury stock includes the own shares of the company repurchased from the shareholders.

Q: What amount should be reported as total shareholder's equity on december 31, 2020?

A: The shareholders' equity section represents the total equity that belongs to the shareholders of the…

Q: Accounting, Analysis, and Principles  On January 1, 2020, Agassi Corporation had the following…

A: The following transactions are journalized to evaluate calculations in the records of Agassi…

Q: Tamarisk Inc. began operations in January 2020 and had the following reported net income or loss for…

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Q: Prepare computations showing the amount that will be paid to the preferred and common shareholders

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Q: Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018.…

A: Transactions are recorded chronologically following the rules of accounting.

Q: Roush Inc. has 100,000 shares of $5 par value common stock issued and outstanding. On July 1, 2019…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: On January 1, 2020, Carla Vista Ltd. had 528,000 common shares outstanding. During 2020, it had the…

A: Companies issue shares to raise capital, and the number of outstanding shares can change  due to the…

Q: The board of directors of Pina Colada Corp, declared a cash dividend of $2.90 per share on 36000…

A: As per dual concept of accounting, every transaction has dual impact on the books of accounts.…

Q: The Murphy Corporation is authorized to issue 500,000 shares of $1 par value common stock. During…

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Q: Zakaryan Corporation was organized on January 1, 2020. The corporation's governing documents…

A: To find the total shareholders' equity at the end of 2020, let's go through each transaction step by…

Q: The stockholders’ equity account balances of Image Corporation as of December 31, 2020 are as…

A: Total cost of Treasury stock = P360,000+(2000*225)                                              =…

Q: mmon stock; $10 par value; 500,000 shares authorized; 200,000 shares sued and outstanding $…

A: Journal Entry: It is the record of business transactions which is shown in the primary book of…

Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.