Business, 30.11.2019 02:31 karenlemus4774

Power drive corporation designs and produces a line of golf equipment and golf apparel. power drive has 100,000 shares of common stock outstanding as of the beginning of 2021. power drive has the following transactions affecting stockholders' equity in 2021. march 1 issues 56,000 additional shares of $1 par value common stock for $53 per share. may 10 purchases 5,100 shares of treasury stock for $56 per share. june 1 declares a cash dividend of $1.55 per share to all stockholders of record on june 15. (hint: dividends are not paid on treasury stock.) july 1 pays the cash dividend declared on june 1. october 21 resells 2,550 shares of treasury stock purchased on may 10 for $61 per share. power drive corporation has the following beginning balances in its stockholders' equity accounts on january 1, 2021: common stock, $100,000; additional paid-in capital, $4,600,000; and retained earnings, $2,100,000. net income for the year ended december 31, 2021, is $610,000. required: prepare the stockholders' equity section of the balance sheet for power drive corporation as of december 31, 2021.

Answers: 1

Show answers

Another question on Business

Business, 22.06.2019 11:00

Specialization—the division of labor—enhances productivity and efficiency by a) allowing workers to take advantage of existing differences in their abilities and skills. b) avoiding the time loss involved in shifting from one production task to another. c) allowing workers to develop skills by working on one, or a limited number, of tasks. d)all of the means identified in the other answers.

Answers: 2

Answer

Business, 22.06.2019 19:30

Kirnon clinic uses client-visits as its measure of activity. during july, the clinic budgeted for 3,250 client-visits, but its actual level of activity was 3,160 client-visits. the clinic has provided the following data concerning the formulas to be used in its budgeting: fixed element per month variable element per client-visitrevenue - $ 39.10personnel expenses $ 35,100 $ 10.30medical supplies 1,100 7.10occupancy expenses 8,100 1.10administrative expenses 5,100 0.20total expenses $ 49,400 $ 18.70the activity variance for net operating income in july would be closest to:

Answers: 1

Answer

Business, 22.06.2019 22:30

Experts are particularly concerned about four strategic metal resources that are important for the u.s. economy and military strength, and that must be imported. what percentage does the u.s. import? *

Answers: 2

Answer

Business, 22.06.2019 23:50

Keisha took the vark inventory and discovered she prefers to learn mainly through visual and kinesthetic modes. which study strategy would best match these preferences?

Answers: 1

Answer

You know the right answer?

Power drive corporation designs and produces a line of golf equipment and golf apparel. power drive...

Questions