What is total paid-in capital at the end, Accounting Basics

+44 141 628 6080
[email protected]

What is total paid-in capital at the end

Poodle Corporation was organized on January 3, 2011. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2011, Poodle had the following transactions relating to shareholders' equity:

Issued 30,000 shares of common stock at $7 per share.
Issued 20,000 shares of common stock at $8 per share.
Reported a net income of $100,000.
Paid dividends of $50,000.

What is total Paid-in capital at the end of 2011?

A. $420,000.

B. $370,000.

C. $470,000.

D. $320,000.

View Complete Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is total paid-in capital at the end

Reference No:- TGS079279

Expected delivery within 24 Hours

Have a Question? (oR Write a Review)

Write atleast 100 words!!

Recent Questions Asked Accounting Basics

Q : Profit from the imported merchandise

Maria Corporation manufactures and sells ceramic dinnerware. The company also sells dinnerware that is purchased from unrelated foreign producers. During the tax year 2009, Maria had a U.S. profit of $1.2 million (QPAI) and a profit from the impor

Q : Concept of expanded affiliated group

Boasso Corporation manufactures an exercise machine at a cost of $800 and sells the machine to Kershaw Corporation for $1000 in 2009. Kershaw incurs TV advertising expenses of $300 and sells the machine by phone order for $1600. If Boasso and Kers

Q : What is total shareholders equity at the end

Roberto Corporation was organized on January 1, 2011. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2011, Roberto had the following transactions relating to shareholders' equity: What is total shareholders' equity a

Q : Amount of dividends common shareholders will receive

The shareholders' equity of Green Corporation includes $200,000 of $1 par common stock and $400,000 of 6% cumulative preferred stock. The board of directors of Green declared cash dividends of $50,000 in 2011 after paying $20,000 cash dividends in

Q : What is total paid-in capital at the end

Q : Paid-in capital-excess of par increase for the transaction

Montgomery & Co., a well established law firm, provided 500 hours of its time to Fink Corporation in exchange for 1,000 shares of Fink's $5 par common stock. Mitchell's usual billing rate is $700 per hour, and Fink's stock has a book value of

Q : Treasury stock account shows a balance

Coy, Inc. initially issued 200,000 shares of $1 par value stock for $1,000,000 in 2009. In 2010, the company repurchased 20,000 shares for $200,000. In 2011, 10,000 of the repurchased shares were resold for $160,000. In its balance sheet dated Dec

Q : What is basic earnings per share

Flyaway also paid $10,000 cash dividends on its common stock. Flyaway had 40,000 common shares outstanding from January 1 until 10,000 new shares were sold for cash on April 1, 2011. What is 2011 basic earnings per share?

Q : Basic earnings per share computation concept

On December 31, 2010, Albacore Company had 300,000 shares of common stock issued and outstanding. Albacore issued a 10% stock dividend on June 30, 2011. On September 30, 2011, 12,000 shares of common stock were reacquired as treasury stock. What i

1927205

Questions
Asked

3,689

Active Tutors

1418262

Questions
Answered

Start Excelling in your courses, Ask a tutor for help and get answers for your problems !!

ask Question

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is total paid-in capital at the end

Reference No:- TGS079279

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

Q : Profit from the imported merchandise

Q : Concept of expanded affiliated group

Q : What is total shareholders equity at the end

Q : Amount of dividends common shareholders will receive

Q : What is total paid-in capital at the end

Q : Paid-in capital-excess of par increase for the transaction

Q : Treasury stock account shows a balance

Q : What is basic earnings per share

Q : Basic earnings per share computation concept

Participating in sickness prevention and health promotion

Give examples of potential health literacy concerns

When health or safety of children may be compromised

When someone regularly drinks alcohol or uses certain drugs

What is it like to be a mental health nurse

Study investigated the effects of rapid response team

Problem about specific drg category

Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: What is total paid-in capital at the end

Reference No:- TGS079279

Recent Questions Asked Accounting Basics

Q : Profit from the imported merchandise

Q : Concept of expanded affiliated group

Q : What is total shareholders equity at the end

Q : Amount of dividends common shareholders will receive

Q : What is total paid-in capital at the end

Q : Paid-in capital-excess of par increase for the transaction

Q : Treasury stock account shows a balance

Q : What is basic earnings per share

Q : Basic earnings per share computation concept

Asked Questions