Oleander Corporation was organized on January 3, 2014, with authorized capital of 100,000 shares of $10 par common stock. During 2014, Oleander had the following transactions affecting stockholders' equity: • January 7--Issued 40,000 shares at $12 per share • December 2--Purchased 6,000 shares of treasury stock at $13 per share The cost method was used to record the treasury stock
transaction. Oleander's net income for 2014 is $300,000 . What is the amount of stockholders' equity at December 31 . 2014?
a. $640,000
b. $702,000
c. $708,000
d. $720,000
B
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The Jamison Company's inventory was destroyed on July 4, 2016, when its warehouse caught on fire early in the morning. Inventory was totally destroyed. The accounting records, which were located in a fireproof vault, contained the following information: Sales (1/1/16 through 7/3/16) $240,000 Purchases (1/1/16 through 7/3/16) 180,000 Inventory (1/1/16) 45,000 Gross profit ratio 25% of cost ?
Using the gross profit method, what is the estimated cost of the inventory that was destroyed by the fire? A) $15,000 B) $23,250 C) $33,000 D) $45,000
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Indicate whether the statement is true or false.
The .edu portion of an e-mail address MirandaThomas@newhampshireu.edu is considered the ______.
a. top-level domain b. domain name c. username d. low-level domain
Service guarantees are appropriate for any company and every service situation.
Answer the following statement true (T) or false (F)