{"id":49703,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/accounting-assignment-due"},"modified":"2017-08-16T12:24:05","modified_gmt":"2017-08-16T12:24:05","slug":"accounting-assignment-due","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/accounting-assignment-due\/","title":{"rendered":"Accounting assignment due"},"content":{"rendered":"<p><b>Assignment Steps&nbsp;<\/b><\/p>\n<p><b>Resources:&nbsp;<\/b>Financial Accounting: Tools for Business Decision Making,&nbsp;Ch. 11<\/p>\n<p><b>Answer<\/b>&nbsp;the following questions in 1,050 words using the Lachlin&nbsp;Corporation Balance Sheet located below instructions:<\/p>\n<ul>\n<li>How many shares of common stock are outstanding?<\/li>\n<li>Assuming there is a stated value, what is the stated value of the common stock?<\/li>\n<li>What is the par value of the preferred stock?<\/li>\n<li>If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock?<\/li>\n<li>If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings?<\/li>\n<\/ul>\n<p><b>Use&nbsp;<\/b>the Week 4&nbsp;Excel\u00ae&nbsp;spreadsheet and&nbsp;<b>submit<\/b>&nbsp;with your answers.<\/p>\n<p>Stockholders&#8217; equity<\/p>\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;Paid-in capital &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;<\/p>\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&#8211; Preferred stock, cumulative, 10,000 shares authorized,&nbsp;<\/p>\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;6,000 shares issued and outstanding &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;$ &nbsp; 600,000<\/p>\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&#8211; Common stock, no par, 750,000 shares authorized, 580,00<\/p>\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;shares issued &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;$2,900,000<\/p>\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&#8211; Total paid in Capital &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;$3,500,000<\/p>\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&#8211; Retained Earnings &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $1,158,000<\/p>\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp;&#8211; Total paid-in capital and retained earnings &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp;$4,658.000<\/p>\n<p>&nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &#8211; Less: Treasury stock ( 6,000 common shares) &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $ &nbsp; &nbsp;32,000<\/p>\n<p>Total stockholders&#8217; equity &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; &nbsp; $4,626,000<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Assignment Steps&nbsp; Resources:&nbsp;Financial Accounting: Tools for Business Decision Making,&nbsp;Ch. 11 Answer&nbsp;the following questions in 1,050 words using the Lachlin&nbsp;Corporation Balance Sheet located below instructions: How many shares of common stock are outstanding? Assuming there is a stated value, what is <a href=\"https:\/\/www.benedictsol.com\/blogs\/accounting-assignment-due\/\" class=\"read-more\">Read More &#8230;<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-49703","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/49703","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=49703"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/49703\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=49703"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=49703"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=49703"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}