The charter of a corporation provides for the issuance of 147,000 shares of common stock. Assume that 55,000 shares were originally issued and 11,500 were subsequently reacquired. What is the number of shares outstanding?   a. 43,500   b. 55,000   c. 147,000   d. 11,500

Required: 1. How many common shares are outstanding on each cash dividend date? January 5 April 5 July 5 October 5 Outstanding common shares

PROVIDE COMPUTATION

Required: 1. Williamson, LLC, paid insurance premiums of $6,720 on December 1, 20X1. These premiums covered a two-year period beginning on that date. What amount, from this payment, should the corporation show as insurance expense for the year 20X1? 2. Taylor Moore buys and sells real estate. On December 31, 20X1, her inventory of property included a tract of undeveloped land for which she had paid $945,000. The fair market value of the land was $1,045,000 at that date. How much income should Moore report for 20X1 in connection with this land? 3. Madison Building Company signed a contract with a customer on November 1, 20X1. The contract called for construction of a building to begin by December 31, 20X1, and to be completed by December 31, 20X2. The contract price was $9.9 million. Madison estimated that the building would cost $6.9 million. On November 15, 20X1, the customer was required to make an advance payment of $1,045,000. No work was done on the project until January 20X2. How…

5A. What is the number of ORDINARY shares outstanding? 5B. What is the number of PREFERENCE shares outstanding?

77.

Question 3 (Statement of shareholders’ equity): Below is the statement of shareholder’s equity of HKU Ltd.: The following transactions happen during 20X2: (a) Issuance of ordinary shares - 800 shares @ $23 per share (b) Repurchase 600 shares of preference share at $45 per share, out of share capital (c) Issue 4 bonus ordinary shares for each 10 ordinary shares. The company has decided to capitalize 1/5 of its beginning balance of the retained profits for this bonus share issuance. (d) Net income is $70,000 for the year. Prepare the statement of shareholders’ equity for year 20X2.

Oo.135. Subject  :- Account

Kk.348. Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1 par value. During its first year, the following selected transactions were completed: Issued 5,300 shares of common stock for cash at $23 per share. Issued 1,300 shares of common stock for cash at $26 per share. Required: Complete the table below, indicating the account, amount, and direction of the effect for the above transactions. (Enter any decreases to account balances with a

Need answer