ACG 2021 ACG2021 week 11 teamwork – Everest College
$3.99
ACG 2021 ACG2021 week 11 teamwork – Everest College
Effects of Stockholders’ Equity Transactions on the Balance Sheet
The following transactionsoccurred at Horton Inc. during its first year of operation:
a. Issued 100,000 shares of common stock at $5 each; 1,000,000 shares are authorized at $1 parvalue.
b. Issued 10,000 shares of common stock for a building and land. The building was appraised for$20,000, but the value of the land is undeterminable. The stock is selling for $10 on the openmarket.
c. Purchased 1,000 shares of its own common stock on the open market for $16 per share.
d
Description
ACG 2021 ACG2021 week 11 teamwork – Everest College
Effects of Stockholders’ Equity Transactions on the Balance Sheet
The following transactionsoccurred at Horton Inc. during its first year of operation:
a. Issued 100,000 shares of common stock at $5 each; 1,000,000 shares are authorized at $1 parvalue.
b. Issued 10,000 shares of common stock for a building and land. The building was appraised for$20,000, but the value of the land is undeterminable. The stock is selling for $10 on the openmarket.
c. Purchased 1,000 shares of its own common stock on the open market for $16 per share.
d. Declared a dividend of $0.10 per share on outstanding common stock. The dividend is to bepaid after the end of the first year of operations. Market value of the stock is $26.
e. Declared a 2-for-1 stock split. The market value of the stock was $37 before the stock split.
f. Reported $180,000 of income for the year.
Required
1. Indicate each transaction’s effect on the assets, liabilities, and stockholders’ equity of HortonInc.
2. Prepare the Stockholders’ Equity section of the balance sheet.
3. Write a paragraph that explains the number of shares of stock issued and outstanding at theend of the year
ACG 2021 ACG2021 week 11 teamwork – Everest College
ACG 2021 Introduction to Corporate Accounting School: Everest University: Tampa (Everest College) *Professor:Obrain, havens, silberstein, angelikijav… Documents (121) Q&A Textbook Exercises Most important docs of the week 1 pagesWeek 9Week 9 Everest College Introduction to Corporate Accounting
ACG 2021 – Summer 2014 Register Now Week 9 6 pagesChristine Wilson_ACG 2021-12_Individual_Week 3Christine Wilson_ACG 2021-12_Individual_Week 3 Everest College Introduction to Corporate Accounting
ACG 2021 – Summer 2014 Register Now Christine Wilson_ACG 2021-12_Individual_Week 3 1 pagesShannonZehr_ACG2021_Week1-2ShannonZehr_ACG2021_Week1-2 Everest College Introduction to Corporate Accounting
ACG 2021 – Winter 2013 Register Now ShannonZehr_ACG2021_Week1-2 12 pagesAccounting 201.docAccounting 201.doc Everest College Introduction to Corporate Accounting
ACG 2021 – Spring 2012 Register Now Accounting 201.doc 2 pagesweek 11 teamworkweek 11 teamwork Everest College Introduction to Corporate Accounting
ACG 2021 ACG2021 week 11 teamwork – Everest College
ACG 2021 – Winter 2013 Register Now week 11 teamwork Introduction to Corporate Accounting Documents All (121) Essays (1) Homework Help (50) Lab Reports (4) Notes (36) Test Prep (17) Showing 1 to 30 of 121 Sort by: Most
Popular 6 pagesChristine Wilson_ACG 2021-12_Individual_Week 3Christine Wilson_ACG 2021-12_Individual_Week 3 Everest College Introduction to Corporate Accounting
ACG 2021 – Summer 2014 Register Now Christine Wilson_ACG 2021-12_Individual_Week 3 6 pagesDawn Slusher_Corporate Accounting_Individual Work Week 3Dawn Slusher_Corporate Accounting_Individual Work Week 3 Everest College Introduction to Corporate Accounting
ACG 2021 – Spring 2015 Register Now Dawn Slusher_Corporate Accounting_Individual Work Week 3 1 pagesShannonZehr_ACG2021_Week1-2ShannonZehr_ACG2021_Week1-2 Everest College Introduction to Corporate Accounting
ACG 2021 – Winter 2013 Register Now ShannonZehr_ACG2021_Week1-2 12 pagesAccounting 201.docAccounting 201.doc Everest College Introduction to Corporate Accounting
ACG 2021 ACG2021 week 11 teamwork – Everest College
ACG 2021 – Spring 2012 Register Now Accounting 201.doc 3 pagesDawn Slusher_Intro to Corporate Accounting_Individual Work Week 6Dawn Slusher_Intro to Corporate Accounting_Individual Work Week 6 Everest College Introduction to Corporate Accounting
ACG 2021 – Spring 2015 Register Now Dawn Slusher_Intro to Corporate Accounting_Individual Work Week 6 3 pagesChristine Wilson_ACG 2021-12_Team Work_Week 7Christine Wilson_ACG 2021-12_Team Work_Week 7 Everest College Introduction to Corporate Accounting
ACG 2021 – Summer 2014 Register Now Christine Wilson_ACG 2021-12_Team Work_Week 7 2 pagesweek 11 teamworkweek 11 teamwork Everest College Introduction to Corporate Accounting
ACG 2021 – Winter 2013 Register Now week 11 teamwork 50 pagesporterSM11finalporterSM11final Everest College Introduction to Corporate Accounting
ACG 2021 – Spring 2012 Register Now porterSM11final 37 pagesporterSM10finalporterSM10final Everest College Introduction to Corporate Accounting
ACG 2021 ACG2021 week 11 teamwork – Everest College
ACG 2021 – Spring 2012 Register Now porterSM10final 8 pages_ACG_2021_Week_3_ACG_2021_Week_3 Everest College Introduction to Corporate Accounting
ACG 2021 – Summer 2014 Register Now _ACG_2021_Week_3 22 pages02_StudyGuide02_StudyGuide Everest College Introduction to Corporate Accounting
ACG 2021 – Summer 2014 Register Now 02_StudyGuide 4 pagesChapter 9-12 testChapter 9-12 test Everest College Introduction to Corporate Accounting
ACG 2021 – Summer 2014 Register Now Chapter 9-12 test 18 pages06_StudyGuide (1)06_StudyGuide (1) Everest College Introduction to Corporate Accounting
ACG 2021 – Summer 2014 Register Now 06_StudyGuide (1) 1 pagesWeek 9Week 9 Everest College Introduction to Corporate Accounting
ACG 2021 – Summer 2014 Register Now Week 9 6 pagesMelissaHealey_ACG2021-1_week5.xlsxMelissaHealey_ACG2021-1_week5.xlsx Everest College Intro To Corporate Accounting
ACG 2021 ACG2021 week 11 teamwork – Everest College
ACG 2021 – Summer 2014 Register Now MelissaHealey_ACG2021-1_week5.xlsx 1 pagesweek 9 dqweek 9 dq Everest College Introduction to Corporate Accounting
ACG 2021 – Winter 2013 Register Now week 9 dq 59 pagesPorterSM03finalPorterSM03final Everest College Introduction to Corporate Accounting
ACG 2021 – Spring 2012 Register Now PorterSM03final 4 pagesChristine Wilson_ACG 2021-12_Individual_Week 6Christine Wilson_ACG 2021-12_Individual_Week 6 Everest College Introduction to Corporate Accounting
ACG 2021 – Summer 2014 Register Now Christine Wilson_ACG 2021-12_Individual_Week 6 33 pages04_StudyGuide04_StudyGuide Everest College Introduction to Corporate Accounting
ACG 2021 – Summer 2014 Register Now 04_StudyGuide 23 pages01_StudyGuide01_StudyGuide Everest College Introduction to Corporate Accounting
ACG 2021 – Summer 2014 Register Now 01_StudyGuide 3 pagesChristine Wilson_ACG 2021-12_Individual_Week 10Christine Wilson_ACG 2021-12_Individual_Week 10 Everest College Introduction to Corporate Accounting
ACG 2021 – Summer 2014 Register Now Christine Wilson_ACG 2021-12_Individual_Week 10 19 pages03_StudyGuide03_StudyGuide Everest College Introduction to Corporate Accounting
ACG 2021 ACG2021 week 11 teamwork – Everest College
ACG 2021 – Summer 2014 Register Now 03_StudyGuide 3 pagesDawn Slusher_Corporate Accounting_Individual Work Week 2Dawn Slusher_Corporate Accounting_Individual Work Week 2 Everest College Introduction to Corporate Accounting
ACG 2021 – Spring 2015 Register Now Dawn Slusher_Corporate Accounting_Individual Work Week 2 3 pagesWeek 4Week 4 Everest College Introduction to Corporate Accounting
ACG 2021 – Summer 2014 Register Now Week 4 3 pagesWeek 8Week 8 Everest College Introduction to Corporate Accounting ACG 2021 – Summer 2014 Register Now Week 8 4 pagesACG_2021_Week_4ACG_2021_Week_4 Everest College Introduction to Corporate Accounting
ACG 2021 – Summer 2014 Register Now ACG_2021_Week_4 1 pagesShannonZehr_ACG2021_Week11-TeamDShannonZehr_ACG2021_Week11-TeamD Everest College Introduction to Corporate Accounting
ACG 2021 – Winter 2013 Register Now ShannonZehr_ACG2021_Week11-TeamD 2 pagesChristine Wilson_ACG 2021-12_Team Work_Week 5Christine Wilson_ACG 2021-12_Team Work_Week 5 Everest College Introduction to Corporate Accounting
ACG 2021 – Summer 2014 Register Now Christine Wilson_ACG 2021-12_Team Work_Week 5 1 pagesWeek 2Week 2 Everest College Introduction to Corporate Accounting
ACG 2021 – Summer 2014 Register Now Week 2 2 pagesP 2-7AP 2-7A Everest College Introduction to Corporate Accounting
ACG 2021 ACG2021 week 11 teamwork – Everest College
ACG 2021 – Summer 2014 Register Now P 2-7A Prev 1 2 3 4 5 Next Back to Department Related Courses ACG 2178 – Financial Statement Analysis (88 Documents)ACG 2551 – 2551 (58 Documents)ACG 3341 – Cost Accounting (47 Documents)ACG 4201 – consolidation accounting (46 Documents)
ACG 3113 – INTERMEDIATE ACCOUNTING 2 (46 Documents)ACG 3103 – INTERMEDIATE ACCOUNTING 1 (44 Documents)
ACG 3351 – COST ACCOUNTING 2 (33 Documents)ACG 2551-4 – Non-Profit Accounting (26 Documents)ACG 4632 – 4632 (25 Documents)ACG 3073 – Managerial Accounting (10 Documents)
