subject
Business, 08.03.2021 19:40 Jaylen52709

Newton Corporation was organized on January 1, 2017. On that date, it issued 200,000 shares of its $10 par-value common stock at $15 per share (400,000 shares were authorized). During the period from January 1, 2017, through December 31, 2019, Newton reported net income of $750,000 and paid cash dividends of $380,000. On January 5, 2019, Newton purchased 12,000 shares of its common stock at $12 per share. On December 31, 2019, the company sold 8,000 treasury shares at $8 per share. Required:
What is the book value of total shareholders’ equity as of December 31, 2019?

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 09:40
Alpha industries is considering a project with an initial cost of $8 million. the project will produce cash inflows of $1.49 million per year for 8 years. the project has the same risk as the firm. the firm has a pretax cost of debt of 5.61 percent and a cost of equity of 11.27 percent. the debt–equity ratio is .60 and the tax rate is 35 percent. what is the net present value of the project?
Answers: 1
question
Business, 23.06.2019 00:00
How did the change in textile production affect employment in spinning and weaving for adults and children?
Answers: 1
question
Business, 23.06.2019 07:30
What criteria does a company have to meet to be considered a monopoly?
Answers: 2
question
Business, 23.06.2019 10:10
Swain company manufactures one product, it does not maintain any beginning or ending inventories, and its uses a standard cost system. the company's beginning balance in retained earnings is $65,000. it sells one product for $170 per unit and it generated total sales during the period of $603,500 while incurring selling and administrative expenses of $54,500. swain company does not have any variable manufacturing overhead costs and its standard cost card for its only product is as follows:
Answers: 1
You know the right answer?
Newton Corporation was organized on January 1, 2017. On that date, it issued 200,000 shares of its $...
Questions
question
History, 14.09.2019 21:10
question
History, 14.09.2019 21:10
Questions on the website: 13722359