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Acc 291 week 4 assignment problems
- From Business, Accounting
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Week 4 Individual Exercises
exersice 11-15 to 11-6A
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[Solved] acc 291 week 4 assignment problems
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- DEEPEYES
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Week 4 Individual Exercises
Exercise 11-15
Before After After
Action Dividend Stock Split
Stockholders equity
Paid in capital
Common stock,$10 par 600,000 630,000 600,000
Paid in capital in excess par value 0 12,000 0
Total paid in capital 600,000 642,000 600,000
Return earnings 900,000 858,000 900,000
Total stock holders equity 1,500,000 1,500,000 1,500,000
Outstanding shares 60,000 66,000 120,000
Exercise 12-1
1. Organizations purchase investments in debt or stock securities because they have excess cash, earnings from investment income, and strategic reasons.
2. An organization will have excess cash it does not need for operations because of seasonal fluctuations in sales. The organization will use excess funds for a bigger return than holding in the bank.
3. A typical investment when investing cash for a short period of time would be a short te...
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