contestada

Begin by reviewing the labels for the change in​ stockholders' equity and then enter the amounts for each situation.
Three situations about Timmy Company's issuance of stock and declaration and payment of dividends during the year ended January 31, 2017. follow.
Requirements.
Begin by reviewing the labels for the change in stockholders' equity and then enter the amounts for each situation.
Situation A Situation B Situation C
Total stockholders' equity, January 31, 2016
Add: Issuance of stock
Net income
Less: Dividends declared
Net loss
Total stockholders' equity, January 31, 2017
For each situation, use the accounting equation and the statement of retained earnings to compute the amount of Timmy's net income or net loss during the year ended January 31 2017.
1. Timmy issued $13 million of stock and declared no dividends.
2. Timmy issued no stock but declared dividends of $17 million.
3. Timmy issued $20 million of stock and declared dividends of $27 million.

Respuesta :

Tundexi

Answer:

Note: The missing part of the question is

"                          2017'million    2016'million

Total asset             77                  50

Total liability           18                  13"

Solution:

Stockholders Equity at year end

                         2017     2016

Assets      77        50    

Less: liabilities   -18       -13

Equity at end     59       37

Note: Situation 1, 2 and 3 is the same as question 1, 2 and 3

                                          Situation 1   Situation 2  Situation 3

                                             

Otras preguntas

million    

Otras preguntas

million      

Otras preguntas

million

Total stockholders Equity            37            37              37

Jan 31 ,2016

Add: Issuance of stock                13              0               20

Less: dividend declared               0             -17              -27

Net income                                    9             39               29

Total stockholders Equity             59           59              59

January 31,2017

Otras preguntas

Health-related physical fitness is defined as fitness related to some aspect of health. This type of physical fitness is primarily influenced by an individual's
How was the state of New York to pay for the building of the Erie Canal? Through taxes paid by the people Through donations from the users of the canal Through
why rulers were willing to sponsor voyages during the age of exploration.
In a fraternity with 34 members , 18 take mathematics, 5 take both mathematics and physics and 8 take neither mathematics nor physics. How many take physics hit
A student is running a 10-kilometer race. He runs 1 kilometer every 4 minutes. Select the function that describes his distance from the finish line. f(x) = -
Relationship B has a greater rate than Relationship A. The graph represents Relationship A. Which equations could represent Relationship B? Choose all answers t
Would this be historical fiction or any other fiction fantasy or nonfiction stuff
what is the number seven hundred thirty one million,nine hundred thirty four thousand , thirty written in standard form i put , means more than one its 3 . thx
Identify the maximum and minimum values of the function y = 10 cos x in the interval [-2π, 2π].
MgBr2 2 is a subscript what does the subscript indiacate