l need all the answers Score: 0 of 1 pt 31 of 31 (26...

70.2K

Verified Solution

Question

Accounting

image
image
image
l need all the answers
Score: 0 of 1 pt 31 of 31 (26 complete) S10-21 (book/static) Use the following statement of stockholders 'equity to answer the following questions about Flannery Corporation: (Click the icon to view the statement of stockholders' equity.) Read the requirements Requirement 1. How much cash did the issuance of common stock bring in during 2018? The cash brought in by the sale of common stock in 2018 was $ i Data Table Balance, December 31, 2017 Issuance of stock Flannery Corporation Statement of Stockholders' Equity For the Year Ended December 31, 2018 Common Additional Total Stock $2 Pald-in Retained Treasury Stockholders' Par Capital Earnings Stock Equity $ 20,000 $ 17,000 $225,000 $ (28,000) $ 234,000 64,000 500,000 564.000 70,000 70,000 (27.000) (27.000) (9,000) (9.000) 1.000 8,500 9,500 $ 84,000 $ 518,000 $ 268,000 $ (28,500) 5 841,500 Net Income Cash dividendo Purchase of treasury stock Sale of treasury stock Balance, December 31, 2018 Print Done Requirements 1. 2. 3. 4. How much cash did the issuance of common stock bring in during 2018? How much in dividends did Flannery declare during 2018? What was the effect of the dividends on Flannery's retained earnings? On total paid-in capital? On total stockholders 'equity? On total assets? What was the cost of the treasury stock that Flannery purchased during 2018? What was the cost of the treasury stock that Flannery sold during the year? For how much did Flannery sell the treasury stock during 2018? How much was Flannery's net income? What is Flannery's total stockholders equity as of December 31, 2018? 5. 6. 7. Print Done

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students