Question Details

(Solution) - On January 1 2010 Maplewood Corporation had the following bala

Brief item decscription

Solution download


Item details:

On January 1, 2010, Maplewood Corporation had the following balances in its stockholders' equity accounts: Common stock, $100,000 (10,000 shares of $10 par value stock); contributed capital in excess of par, $20,000; and retained earnings, $50,000. During 2010, the company issued 2,000 additional shares of common stock for $15 per share, reported net income of $60,000 and paid cash dividends of $20,000. What amount of retained earnings would Calley Corporation report on its December 31, 2010 balance sheet? 

$110,000
$90,000
$210,000
$240,000

 







About this question:
STATUS
Answered
QUALITY
Approved
ANSWER RATING

This question was answered on: Jul 11, 2017

PRICE: $15

Solution~000909791757.zip (18.37 KB)

Buy this answer for only: $15

Pay using PayPal (No PayPal account Required) or your credit card. All your purchases are securely protected by PayPal.
SiteLock

Need a similar solution fast, written anew from scratch? Place your own custom order

We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.

Order Now
v>