Supper Company Ltd., reported the following stockholders’ equity on its balance sheet at June 30,

2012:

Supper Company Ltd.

Stockholders’ Equity

June 30,2012

Paid-in Capital

Preferred stock, 10%,? par, 650,000 shares authorized, 280,000 shares issued $ 1,400,000

Common stock, par value $? per share, 5,000,000 shares authorized,

1,000,000 shares issued and outstanding

2,000,000

Paid-in capital in excess of par—common 6,000,000

Total paid-in capital 9,400,000

Retained earnings 12,300,000

Total Stockholders’ equity $21,700,000

Requirements:

1. What is the par value per share of Supper’s preferred stock? (Show Workings)

2. What is the par value per share of Supper’s common stock? (Show Workings)

3. What is the selling per share for the $6,000,000 reported as paid-in capital in excess of par –

common? (Show Workings)

4. Prepare two (2) summary journal entries to record issuance of all the Supper Company Ltd stock for

cash. Explanations are not required.

Answers

Answer 1

Answer:

1. Par Value of Preferred stock;

= Preferred stock value / Shares issued

= 1,400,000/280,000

= $5

2. Par Value of Common Stock

= Common stock value / Shares issued

= 2,000,002/1,000,000

= $2

3. Selling price per share including Paid-In Cap

Paid-in cap is the price of a share that exceeds its par value. Selling price therefore is;

= (Par Value + Paid In cap)/ Number of shares

= (2,000,000 + 6,000,000) / 1,000,000

= $8 per share

4.

DR Cash                                                         $1,400,000

     CR Preferred Stock                                                            $1,400,000

DR Cash                                                                $8,000,000

      CR Common Stock                                                                $2,000,000    

            Paid-In Capital in excess of par - Common Stock       $6,000,000


Related Questions

List parts of a thermometer

Answers

Answer: look at the pic in corner. haha sorry I just wanted to finish my goal. hope it helps!! :)

hope this helps! bulb, stem, Auxiliary Scale,Meniscus, contraction chamber, immersion line, main scale, expansion chamber

To measure ingredients accurately, it is best to measure items in as many
measurements as possible.
TRUE
FALSE

Answers

FALSE is the correct answer

Part A
In the video, what tax cut is President Obama extending?

Answers

maybe the tax cut for the middle class or the payroll tax

Answer: He is announcing an extension of a cut in payroll taxes.

Explanation: edmentum/ plato

Type the correct answer in the box. Spell all words correctly.

Joan bought office supplies worth $3,700 for her business. She records this transaction in the journal of the business by debiting the office supplies account. Which accounting error has Joan committed?

Joan has recorded only one aspect of the transaction. The accounting rule used by accountants is “for every debit, there is a _______
credit.”

Answers

Answer:

Joan has recorded only one aspect of the transaction. The accounting rule used by accountants is “for every debit, there is a  

corresponding credit.”

Explanation:

Answer: Corresponding credit

Explanation

The Boston Hotel High-end linens 600-thread-count sheets Coffeemaker and selected teas Imported beer Fresh-squeezed juices Affordability Food and drink Double-thick bath towels Silk pillowcases Raw silk curtains with gold embellishments $100/night four-star rooms Free snacks, shampoo, and conditioner Free wireless Internet

Answers

600 beads of doc green

Which best describes a central bank’s primary goals?

Limiting inflation and reducing unemployment.
Reducing unemployment and maintaining cash flow.
Controlling stagflation and reducing unemployment.
Managing credit and ensuring the money supplies liquidity.

Answers

Answer: A-limiting inflation and reducing unemployment

Explanation: edeg2020

The primary goal of the central bank of a country is to:

Limiting inflation and reducing unemployment.

What is the central bank?

The central bank is the highest bank of the country. This is the bank that is in charge of all other banks in the nation.

The bank is responsible for the control of the country's currency. They are also responsible for the supply of liquidity.

But their main function in the economy is to Limit inflation and reduce unemployment.

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Timothy Gates and Prada Singh decide to form a new company, TGPS LLC (a multimember LLC that will report its operations as a partnership). Timothy is married, and Prada is single. Each contributes $400,000 of capital to begin the business, and both materially participate in the business. In 2019, TGPS reports a net loss of $580,000. What are the implications of this loss for Timothy and Prada?

Answers

Answer:

Since Timothy is married (and probably files as married filing jointly) can use $290,000 (half of the total loss) to offset nonbusiness income.

On the other hand, since Prada is single, she has an excess business loss of $40,000 ($290,000 - $250,000). She can only use $250,000 (part of her share of the loss) to offset nonbusiness income. The remaining $40,000 must be carried forward and may be used in the future.

Living at home could save you money while enrolled in post secondary school or training because...

Answers

Pros of living at home
1. it includes having the support of your family
2. Not having to share your room
Many students also love at home for the first two years while attending a community college to earn credits and save money before moving to their dreams school.
Cons of living at home
1. Many feel it's harder to make friends if ur living off campus
2. A course may require a supplemental activity

Answer: it reduces costs of room and board.

Explanation:

The main purpose of a contractual institution is to:
O A. use deposited money to purchase stocks and bonds in order to
make a profit.
B. provide guaranteed payments to depositors under specific
conditions.
C. allow customers to deposit money into accounts at no charge.
D. hold deposits in accounts and use that money to offer loans.

Answers

D hope that helped you weee everything

The main purpose of a contractual institution is to  hold deposits in accounts and use that money to offer loans. Contractual savings institutions, like all financial intermediaries, are identical to commercial banks.

What is contractual institution?

Contractual savings institutions are financial intermediaries that acquire funds on a contractual basis and invest them in such a way that financial instruments mature when contractual obligations are due.

Contractual savings organizations include national provident funds, life insurance companies, private pension funds, and sponsored social pension insurance systems.

Thus, option D is correct.

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state two reasons why newly born babies are out_doored only after some few days have passed​

Answers

Answer:

TEMPERATURE, DISEASES, OR EXPOSED TO HARMFUL THINGS OUTSIDE

Explanation:

Assume that at one point a business sells organizers for a price of $20 each, which cost $10 to produce (variable costs). The business's fixed expenses for the period are $4,000. What is the break-even point?
300 units
200 units
100 units
400 units

Answers

Answer:

400 units

Explanation:

From the contribution margin concept, the break-even point is obtained by dividing the fixed costs by the contribution margin per unit.

For this business, fixed costs are $4,000

Contribution margin per unit  is equal to sales price - variable cost per unit

=$20 - $10

= $10

Break-even point = $4000/$10

=400 units

Why is a nightly news report likely to cover fewer stories than a newspaper or magazine? A. People are less interested in the nightly news B. Viewers get bored easily C. It has to pack stories into a short timeframe D. It has to include more advertisements than news

Answers

Answer:

C. It has to pack stories into a short time frame

Explanation:

Time in television is very expensive, and the news report has a limited amount of time in which it must include the most shocking, interesting or important news that they can find. When you read a newspaper there are dozens of different news, some are important, others seem to have been included just to fill some empty space. The next time you see a newspaper, try to read all of it, and try to time yourself also. You will realize that it takes a long time to read it, and that is simply too long for TV.

Answer:

C

Explanation:

on edge 2021

Please help. Atleast the top 2

Answers

Answer:

Number 1 is Pure Market. Number two is socialist, I'm pretty sure.

Explanation:

Please mark me brainliest if someone else answers :>

A copyright protects a company that uses an original author's work without permission. (6 points)

True
False

Answers

Answer:

false

Explanation:

copyright protects the author's work when it is used without permission.

Answer:

es Falso

Explanation:

esperó que te sirva marcarme como mejor respuesta PORFA y gracias

The way Professor Quinn chose to handle this situation illustrates the difficulty of dealing with ethics violations. Listed as follows are several ways that corporations try to encourage ethical behavior in their employees. Which of these techniques do you see used in this scenario? Check all that apply. -Providing support for whistleblowers -Establishing a code of ethics -Providing ethics training for employees -Referring ethical dilemmas to an ethics committee

Answers

Answer:

Option A. Establishing a code of ethics

Option B. Providing support for whistleblowers

Option D. Referring ethical dilemmas to an ethics committee

Explanation:

Professor Quinn had chosen all of the options except providing ethics tainings for the employees because every employee have minimum ethics knowledge.

Having code of ethics builds a sense of better dealings in a work environment. It also triggers a sense of ethical values that an oganization wants to promote among its employees.

Providing support for whistleblowers help in identifying potential threats and risks associated with human resource and company assets. It also help in enfocing ethical values which can't be compromised.

Referring ethical dilemmas to the Ethics Committee will enable resolving of conflicts within an organization on a timely basis.

Which of the following is not a form of foreign exchange?
O Bank deposits denominated in foreign currency
O None - all of these are a form of foreign exchange
O Foreign bank notes
O Domestic currency
O Checking accounts denominated in foreign currency

Answers

Answer :

Domestic currency

Explanation:

Foreign exchange is the trade of one currency with at of another and the transactions that take place are known as forex markets. As no fixed location, exists for the forex markets an electronic network of banks, brokers, and individual traders. The foreign exchange markets trade over the counter the currencies that includes buying and selling aspects.

Term that cannot be considered as form of foreign exchange is D:Domestic currency.

The foreign exchange market can be regarded as the global decentralized market, it can also be referred to as over-the-counter market where trading of currencies is done.

Forms of foreign exchange can encompass Bank deposits which us been denominated in foreign currency, Foreign bank notes and other activities.

Therefore, option D is correct.

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References that employers trust for the most accurate reporting include
a. friends
b relatives
C. counselors
d. parents

Answers

Answer: counselors

Explanation:

References that employers trust for the most accurate reporting include counselors. Employers don't trust the friends, relatives and parents of the prospective employees or employees for an accurate report because employers believe that they're not professional enough and due to their closeness to the employee, they may give false information in order to put the employee at an advantage. Employers see counselors as being more professional and will give the right informations.

It should be noted that in a case whereby a candidate performs well in his or her job tests and interviews and has a positive recommendation from his or her references together, the person has a high chance of being employed.

Answer:

C. Counselors.

Explanation:

Did the quiz

Which type of economy is used by the United States?
HELPPPPPPPPP

Answers

Answer:

mixed economy

Explanation:

The United States has a mixed economy. It works according to an economic system that features characteristics of both capitalism and socialism.

mixed economy

The United States has a mixed economy. It works according to an economic system that features characteristics of both capitalism and socialism

What are the potential financial and non-financial costs to a small business owner for not behaving ethically?

Answers

Answer:

Explanation:

Financial Costs: suppliers may no longer ship product to your company if they believe you are acting in ways that damage their business. Non-Financial Costs: bad reputation among suppliers and customers.

The population hypothesis regarding ethical management models is A. the three models approximate a normal, bell-shaped curve. B. that the moral management model is the largest segment of the normal curve. C. that the immoral management model is the largest segment of the normal curve. D. the three models exhibit a skewed curve, weighted toward either moral or immoral management models, depending on the society being studied.

Answers

Answer:

A

Explanation:

A regional automobile dealership sent out fliers to prospective customers indicating that they had already won one of three different​ prizes: an automobile valued at ​$28 comma 000​, a ​$100 gas​ card, or a ​$5 shopping card. To claim his or her​ prize, a prospective customer needed to present the flier at the​ dealership's showroom. The fine print on the back of the flier listed the probabilities of winning. The chance of winning the car was 1 out of 31 comma 248​, the chance of winning the gas card was 1 out of 31 comma 248 comma and the chance of winning the shopping card was 31 comma 246 out of 31 comma 248. Complete parts​ (a) through​ (c).

Answers

Answer:

the requirements are missing, so I looked for a similar question.

a. How many fliers do you think the automobile dealership sent​ out?

b. Using your answer to​ (a) and the probabilities listed on the​ flier, what is the expected value of the prize won by a prospective customer receiving a​ flier?

c. Using your answer to​ (a) and the probabilities listed on the​ flier, what is the standard deviation of the value of the prize won by a prospective customer receiving a​ flier?

a) the total fliers sent out = 31,246 + 1 + 1 = 31,248

b) expected value = [(1 x $28,000) + (1 x $100) + (31,246 x $5)] / 31,248 = $5.90

c) σ² = [($28,000 - $5.90)² x 1] + [($100 - $5.90)² x 1] + [($5 - $5.90)² x 31,246] / 31,248 = ($783,669,634.80 + $8,854.81 + $25,309.26) / 31,248 = $25,080.13

σ = √$25,080.13 = $158.37

Under B, subsection 6. HEATING VENTILATION AND AIR CONDITIONING SYSTEMS, changes to energy efficiency regulations impact the installation, replacement, and some repairs of heating and air conditioning units (HVAC). Which level of government are responsible for these regulations?

Answers

Answer:

State and federal government.

Explanation:

According to the Building Energy Efficiency standards;

Under B, subsection 6. HEATING VENTILATION AND AIR CONDITIONING SYSTEMS, changes to energy efficiency regulations impact the installation, replacement, and some repairs of heating and air conditioning units (HVAC). The level of government that are responsible for these regulations are both state and federal government.

This ultimately implies that, state and federal government are saddled with the responsibility of ensuring project managers, building engineers and other professionals abide by the regulations or standards with respect to HEATING VENTILATION AND AIR CONDITIONING SYSTEMS (HVAC).

Click this link to view O*NET’s Work Contexts section for Accountants. It describes the physical and social elements common to this work. Note that common contexts are listed toward the top, and less common contexts are listed toward the bottom. According to O*NET, what are some common work contexts for Accountants? Check all that apply.

1 pace determined by speed of equipment
2 importance of repeating same tasks
3 indoors, environmentally controlled
4 deal with physically aggressive people
5 telephone and electronic mail
6 importance of being exact or accurate

Answers

Answer:

Importance of repeating same task

Indoors, environmentally controlled

telephone and electronic mail

importance of being exact or accurate

Explanation:

I just got the answer from getting it wrong its these options only

According to the O*NET, common work contexts for Accountants are 2).importance of repeating same tasks, 3). indoors, environmentally controlled, 5). telephone and electronic mail and 6). importance of being exact or accurate.

What is the significance of O*NET?

O*NET stands for Occupational Information Network. It is a free online database that contains large number of job definitions that helps students, job seekers, businesses and professionals to understand today's world of work in the United States

The O*NET program is the primary source of occupational information in a nation. It is a major tool for for career exploration and job analysis. It consists detailed descriptions of the world of work for use by various job seekers.

Basically, O*NET is an online application that was created for the general public in order to provide the access to the O*NET database of occupational information.

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HELP ME PLEASE I WILL GIVE U BRAINLIST
It is the beginning of the year and you receive your first W-2 form. After preparing your taxes you realize that you still owe the IRS more taxes. Why would you owe more taxes and what do you need to do differently in the future to avoid this happening again?

Answers

Pay your taxes more effectively next time, maybe hire someone to do it for you.

If you were told that your credit score was 700, how would you judge that number?
(10 points)

Answers

Answer:

I would say it alright it could be better

Explanation:

:)

Foster, who owns a successful business with two locations and a few international clients, was approached by a large organization about dramatically expanding his company. Foster later told his wife that he is happy with his success, but he wants to stay small because if he decides to add new products, small companies


Multiple Choice: 1. take more time to start new endeavors 2. typically maneuver slowly with new ideas 3. can get started more easily and maneuver faster 4. tend not to change due to inexperienced management 5. can adjust more easily to capital shortages

Answers

Clearer question;

Tom, who owns a successful business with two locations and a few international clients, was approached by a large organization about dramatically expanding his company. Tom later told his wife that he is happy with his success, but he wants to stay small because if he decides to add new products, small companies ____.

Answer:

3. can get started more easily and maneuver faster

Explanation:

Remember, a small company is officially viewed as one having less than 500 employees.

So, Tom's business qualifies as such, and it is quite true to a large degree that small companies can get started more easily and maneuver faster since they require less staff management.

DeMilo, Inc., owns 100 percent of the 40,000 outstanding shares of Ricardo, Inc. DeMilo currently carries the Investment in Ricardo account at $490,000 using the equity method. Ricardo issues 10,000 new shares to the public for $15.75 per share. How does this transaction affect the Investment in Ricardo account that appears on DeMilo’s financial records?

Answers

Answer:

$28,000

Explanation:

The transaction that affects the Investment in Ricardo's account that appears on DeMilo’s financial records can be calculated by deducting Investment in Ricardo Inc by DeMilo Inc from the value of DeMilion Inc. Share after New Share Issue.

DATA

Investment in Ricardo Inc by DeMilo Inc = $490,000

Parent’s Ownership Interest = 100%

Fair Value Ownership Equivalency = $490,000

Calculation

Adjusted Subsidiary Fair Value after New Share Issue = $490,000 + (10,000 * $15.75)

Adjusted Subsidiary Fair Value after New Share Issue = $490,000 + $157,500

Adjusted Subsidiary Fair Value after New Share Issue = $647,500

Partner’s Ownership after New Share Issue = 40,000 / 50,000 = 80%

Value of DeMilion Inc. Share after New Share Issue = $647,500 * 80%

Value of DeMilion Inc. Share after New Share Issue = $518,000

Therefore, Investment in Ricardo should be increased by $28,000 ($518,000 - $490,000).

Which of the following would not work on a newspaper either in print or online form
A-A graphic designer
B-an investigation journalist
C-A printer
D-A Superintendent

Answers

Answer:

D A Superintendent

Answer:

The answer is D

Explanation:

I did the test too

The company you work for is expanding and needs more office space. After reviewing several contractors’ proposals, you decide on one. When writing to the other contractors, what could you include in your closing that would explain the bad news in a sensitive manner? Check all that apply. A forward look A canned ending An expression of good wishes A review of the bad news

Answers

Answer:

The correct answers are the options: A forward look and An expression of good wishes.

Explanation:

To begin with, the fact that the company has decided for a contractor and needs to tell to the other ones that they were not selected it is not a bad action to take so primarily the other companies should understand due to the fact that they must know how to do business. Even though that, the manager or employee who is in charge of letting the other companies know that they were not selected must understand as well that a good touch is always helpful to make those companies feel not bad about it, and the person who writes to them can tell that in the future they might have another chance to work together so they need to have a forward look because their projects were good as well. And of course an expression of goods wishes for future jobs is always a good ending.

Retail Method; Gross Profit Method Selected data on merchandise inventory, purchases, and sales for Jaffe Co. and Coronado Co. are as follows: Cost Retail Jaffe Co. Merchandise inventory, February 1 $400,000 $615,000 Transactions during February: Purchases (net) 4,055,000 5,325,000 Sales 5,100,000 Coronado Co. Merchandise inventory, May 1 $400,000 Transactions during May through October: Purchases (net) 3,150,000 Sales 4,750,000 Estimated gross profit rate 35% Required: 1. Determine the estimated cost of the merchandise inventory of Jaffe Co. on February 28 by the retail method, presenting details of the computations. Jaffe Co. Cost of the Merchandise Inventory February 28 Cost Retail $ $ $ $ Ratio of cost to retail price: % $ $ 2a. Estimate the cost of the merchandise inventory of Coronado Co. on October 31 by the gross profit method, presenting details of the computations.

Answers

Answer:

1. Estimated cost of the merchandise inventory of Jaffe Co. on February 28 by retail method us $733,764.71

2a. Estimated cost of the merchandise inventory of Coronado Co. on October 31st by gross profit method is $462,500

2b. Estimated loss of inventory due to damage or theft during May through October is $96,000.

Explanation:

Please find attached detailed breakdown of the above questions and answers.

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You want to do a quick estimate to the ones place of the sum of the following set of data. Pick the correct estimation. 3.5, 6.7, 3.2, 1.714181516 YWXZ(8x - 14)*(2x + 4)" Understand the difference between Prevention and Abstinence. Nancy Company has an idle machine that originally cost $200,000. The book value of the machine is $100,000. The company is considering three alternative uses of the idle machine: Alternative 1: Disposal of machine. Disposal value of machine is $50,000. Alternative 2: Use the idle machine to increase production of Product A. Contribution margin from additional sales of Product A is estimated to be $60,000. Alternative 3: Use the idle machine to increase production of Product B. Contribution margin from additional sales of Product B is estimated to be $70,000. When considering Alternative 2, what is the opportunity cost of the idle machine PLSSS RNNN-5 + x = 10x = 5x = 10x = -15x = 15 how hot is the sky and why is rain not salty In a basketball game, LeBron and Shaq combined to score 72 points. If LeBron scored three times as many points as Shaq, how many points did each player score? Amanda owns 9 T-shirts, 4 of which are white. If Amanda randomly selects a T-shirt to wear, what is the probability it will be white? Write your answer as a fraction or whole number.P(white) = Suppose you want to find the average household income in America. So you pick 10 households from each state (a total of 500 households) and find their income.What is the population? What is the parameter you want to find? An army base had provisions for 300 soldiers for90 days. After 20 days, 50 soldiers left the army base.How much longer after this will the food last if theremaining soldiers consume food at the same rate? is 22, 25, 27, 30, 33 an arithmetic sequence? can you pls help me ?? Find the surface area of the cube shown below 2.3 What is the equation of the line that passes through the point (-5,7) and has aslope of -1/5 I WILL MARK BRAINLIEST. A military company is _________.a.an army unit of between 75 to 200 soldiers.b.an army unit of between 10 to 20 soldiers. c.an army unit that flees from battle.d.an army unit that is inexperienced.Please select the best answer from the choices providedABCD Fill in ADJECTIVES espaol 2Alto _____________________________Bajo_____________________________ simptico_____________Guapo______________________________ antiptico____________Bonito_______________________________ aburrido ______________Feo_____________________________Moreno _____________________________Rubio__________________________________Pelirrojo _____________________________Delgado (flaco)__________________________Gordo______________________________Gracioso/comico__________________________Serio_____________________________Perezoso ____________________________Grande__________________________Pequeo ____________________________Bueno_______________________Malo____________________________Fuerte______________________________Dbil_____________________Largo_______________________Corto_____________________________Viejo______________________Joven______________________________ what is 664,000 dived by 555,897 Why did the British seek to take over the Dutch colony of New Amsterdam?A. It was a boon to the British for assistance in a battle against American Indians.B. The British and Dutch were engaged in a long-standing war over territory.C. British colonists moved to New Amsterdam after the failure of settling Roanoke.D. The colony's location at the mouth of the Hudson River was a valuable trade port. Write the equation or inequality and solve it.Enriques company pays Salim to advertise on Salims website. Salims website earns #15 per month plus $0.05 every time a visitor clicks on the advertisement. What is the least number of clicks per month that Salim needs in order to earn $50 per month?Write an inequality to describe this situation.Solve the inequality and interpret the solution.IF YOU DONT KNOW PLZ DONT ANSWER Help please ASAP Im not good at this