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. $470,000
B. $420,000
C. $370,000
D. $320,000
Answers (1)
Know the Answer?
Not Sure About the Answer?
Find an answer to your question 👍 “Poodle Corporation was organized on January 3, 2011. The firm was authorized to issue 100,000 shares of $5 par common stock. During 2011, ...” in 📗 Business if the answers seem to be not correct or there’s no answer. Try a smart search to find answers to similar questions.
Search for Other Answers
You Might be Interested in
Brown Company incurred costs of $20,000 for material, $10,000 for labor, and $16,000 for factory Overhead. There was no beginning or ending work in process. 5,000 units were completed and transferred out. The unit cost for material is:
Answers (1)
A rise in government spending could Group of answer choices a. decrease both the size and scope of government. b. increase the size, but not the scope of government. c. decrease the size, but increase the scope of government. d.
Answers (1)
Let L1 and L2 be two lotteries with the same expected return. Suppose L2 has a larger variance and you are risk averse. Would your CE for L2 be larger or smaller than your CE for L1?
Answers (1)
3. Describe three new weapons used in World War I and explain how each of these w
Answers (1)
A market for existing financial securities that are currently traded between investors is called the
Answers (1)
New Questions in Business
In the current year, Generous University awarded scholarships to graduate students in the amount of $5,000,000. The recipients are not required to provide any services in return for the scholarships. How should the university record the award?
Answers (1)
Suppose that in 1984 the total output in a single good economy was 12,000 buckets of chicken. Also assume that in 1984 each bucket of chicken was priced at $16.
Answers (1)
European interest in the Middle East intensified after oil was discovered in the region. a. True b. False
Answers (1)
What type of marketing channel would Secure Insurance use if it offers its products exclusively through door-to-door salespersons?
Answers (1)
Travis is employed in a logistics company. How can he best avoid workplace hazards? A. by staying seated at his desk B. by avoiding hazardous work C. by wearing safety goggles D. by maintaining an uncluttered workplace E.
Answers (1)