In: Accounting
1)What is the total stockholders' equity based on the following account balances?
Common Stock |
$1750000 |
Paid-In Capital in Excess of Par |
130000 |
Retained Earnings |
350000 |
Treasury Stock |
75000 |
a)$2155000.
b)$2305000.
c)$1765000.
d)$2175000
2)
Sunland Company purchased treasury stock with a cost of $56700 during 2017. During the year, the company paid dividends of $20600 and issued bonds payable for proceeds of $902300. Cash flows from financing activities for 2017 total
a)$77300 net cash outflow.
b)$825000 net cash inflow.
c)$881700 net cash inflow.
d)$938400 net cash inflow.
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