Business, 22.10.2019 21:00 Lovely9678
Part a in late 2017, the nicklaus corporation was formed. the corporate charter authorizes the issuance of 4,000,000 shares of common stock carrying a $1 par value, and 1,000,000 shares of $5 par value, noncumulative, nonparticipating preferred stock. on january 2, 2018, 2,000,000 shares of the common stock are issued in exchange for cash at an average price of $12 per share. also on january 2, all 1,000,000 shares of preferred stock are issued at $30 per share. required: 1. prepare journal entries to record these transactions. 2. prepare the shareholders' equity section of the nicklaus balance sheet as of march 31, 2018. (assume net income for the first quarter 2018 was $1,300,000.) part b during 2018, the nicklaus corporation participated in three treasury stock transactions: on june 30, 2018, the corporation reacquires 150,000 shares for the treasury at a price of $14 per share. on july 31, 2018, 25,000 treasury shares are reissued at $17 per share. on september 30, 2018, 25,000 treasury shares are reissued at $12 per share.
Answers: 2
Business, 22.06.2019 20:00, javonteoshamccaliste
Lillypad toys is a manufacturer of educational toys for children. six months ago, the company's research and development division came up with an idea for a unique touchscreen device that can be used to introduce children to a number of foreign languages. three months ago, the company produced a working prototype, and last month the company successfully launched its new device on the commercial market. what should lillypad's managers prepare for next? a. increased competition from imitators b. a prolonged period of uncontested success c. a sharp decline in demand for the product d. a difficult struggle to move from invention to innovation
Answers: 2
Business, 22.06.2019 21:50, elijahjacksonrp6z2o7
The third program provides families with $50 in food stamps each week, redeemable for both perishable and nonperishable food. the fourth policy instead provides a family with a box of nonperishable foods each week, worth $50. use two graphs to illustrate that a family may be indifferent between the two programs, but will never prefer the $50 box of nonperishable foods over the $50 in food stamps. state your answer and use a consumer choice model for perishable food and nonperishable food to graphically justify your choice.
Answers: 1
Part a in late 2017, the nicklaus corporation was formed. the corporate charter authorizes the issua...
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