Court Casuals has the following beginning balances in its stockholders'equity accounts on January 1.2021:Common Stock,$90.000 Additional Paid-in Capital,$4.100.000:and Retained Earnings,$3.000,000.Net income for the year ended December 31,2021,is $900.000.Court Casuals has the following transactions affecting stockholders'equity in 2021: May 18 Issues 26,000 additional shares of $1 par value common stock for $50 per share. May 31 Purchases 4,500 shares of treasury stock for $40 per share. Julyl Declares a cash dividend of $2 per share to ail stockholders of record on July 15. Hint: Dividends are not paid on treasury stock. July 31 Pays the cash dividend declared on July 1. August 18 Resells 2,500 shares of treasury stock purchased on May 31 for $52 per share Taking into consideration all the entries described above,prepare the statement of stockholders'equity for the year ended December 31,2021,using the format provided.(Amounts to be deducted should be indicated with a minus sign.) COURT CASUALS Stelement of Stockholdara'Equity For the Yoar Ended December31.2021 Additional Common Ratained Pald-in Stock Earmings Capltal 90,000 $4,100,000 $3,000,000 Treasury Stock Total Stockholders Equlty $7,190,000 Balance,January 1 issue common stock Purchase treasury stock Cash dividends Resell treasury stock Net income Balance,December 31 90,000$4.100,000$3,000,000$ 0$7.190.000

Answers

Answer 1

The preparation of the stockholders' equity statement for the year ended December 31, 2021, is as follows:

Court Casuals

Statement of stockholers' equity

December 31, 2021

Common Stock                        $116,000

Additional Paid-in Capital  $5,326,000

Retained Earnings              $3,677,000

Treasury Stock                         $-2,000

Total stockholders' equity  $9,117,000

How the stockholders' equity statement is prepared:

The stockholders' equity statement includes the common stock, additional paid-in capital, retained earnings, and the subtraction of the treasury stock.

Court Casuals

Stockholers' equity on January 1, 2021

Common Stock $90,000

Additional Paid-in Capital $4,100,000

Retained Earnings $3,000,000

Net income for the year, 2021, = $900,000

Transactions Analysis:

May 18: Cash $1,300,000 Common Stock $26,000 Additional Paid-in Capital $1,274,000 (26,000 x $50 - $26,000)

May 31: Treasury Stock $4,500 Additional Paid-in Capital $175,500 (4,500 x $40 - $4,500) Cash $180,000

Jul 1: Cash Dividend $223,000 (90,000 + 26,000 - 4,500) x $2 Dividends Payable $223,000

July 31: Dividends Payable $223,000 Cash $223,000

August 18: Cash $130,000 Treasury Stock $2,500 Additional Paid-in Capital $127,500 (2,500 x $52 - $2,500)

Statement of Retained Earnings, December 31, 2021:

Beginning balance  $3,000,000

Net income                 $900,000

Dividends                     -223,000

Ending balance        $3,677,000

Common Stock Account:

Beginning balance  $90,000

May 18: Cash              26,000

Ending balance       $116,000

Additional Paid-in Capital Account:

Beginning balance  $4,100,000

May 18: Cash              1,274,000

May 31: Cash                -175,500

August 18: Cash            127,500

Ending balance      $5,326,000

Treasury Stock Account:

May 31: Cash                 $4,500

August 18: Cash             -2,500

Ending balance            $2,000

Thus, we can summarize from the stockholders' equity that Court Casuals has outstanding shares of 114,000 (116,000 - 2,000) at $1 par, which is the difference between the ending balances of the common stock and the treasury stock accounts, after reflecting the equity transactions for the year.

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Related Questions

A study reports the following data on impregnated compressive modulus (psi x 106) when two different polymers were used to repair cracks in failed concrete. Epoxy 1.74 2.15 2.02 1.95 MMA prepolymer 1.78 1.57 1.72 1.67 Obtain a 90% CI for the ratio of variances by first using the method suggested below to obtain a general confidence interval formula. (Use s₁ for expoxy and s₂ for MMA prepolymer. Round your answers to two decimal places.) 5₁²10₁² F₁

Answers

The 90% confidence interval for the ratio of variances is [0.05, 12.36].

Lets calculate the sample variances for each polymer.

For Epoxy:

Sample Variance (s₁²) = (1.74² + 2.15² + 2.02² + 1.95²) / (4 - 1)

= 0.135

For MMA Prepolymer:

Sample Variance (s₂²) = (1.78² + 1.57² + 1.72² + 1.67²) / (4 - 1)

=0.056

F statistic is F = (s₁²) / (s₂²)

F=0.135/0.056

=2.41

Determine the degrees of freedom for each sample.

For Epoxy: df₁ = 4 - 1 = 3

For MMA Prepolymer: df₂ = 4 - 1 = 3

Now find the critical F-value corresponding to a 90% confidence level with df₁ and df₂ degrees of freedom.

Using statistical tables or a calculator, the critical F-value for a 90% confidence level with df₁ = 3 and df₂ = 3 is approximately 5.14.

Calculate the lower and upper bounds of the confidence interval.

Lower Bound = (1 / F) × (s₁² / s₂²)

= (1 / 5.14) × (s₁² / s₂²)

= 0.050

Upper Bound = 5.14 × (s₁² / s₂²)

= F × (s₁² / s₂²)

=12.36

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Jonah has two small bags of assorted doughnuts. Each bag contains exactly 8 powdered doughnuts.
Bag 1 contains 20 total doughnuts.
Bag 2 contains 24 total doughnuts.
What is the probability of Jonah grabbing
a powdered doughnut from
Bag 1?

Answers

Answer:

There is a 40% probability of Jonah grabbing  a powdered doughnut from  Bag 1.

Step-by-step explanation:

Total number of doughnuts in the bag 1 =20

Total powdered doughnuts in each bag = 8

Probability of selecting powdered doughnut from  Bag 1 by Jonah =

[tex]\frac{8}{20} * 100\\40[/tex]%

Use the diagram to identify 4 collinear points

Answers

Answer:

the answer is the (L,N,K,O)

no links no links sssssdrerw

Answers

Answer:

c

Step-by-step explanation:

Answer:

C

Step-by-step explanation:

True or false is the graph of y = 2/3 x + 4

Answers

Answer:

False. 2/3 is positive so therefore, it would be increasing, not decreasing.

Step-by-step explanation:

Which of the following transformations shifts all points graphed in the standard (wy)
coordinate plane down 5 coordinate units?
A. (X, y-5)
B. (X, y+5)
C. (X-5y)
D. (K-5, y)
E. (X+5,y)

Answers

Answer:

B is your answer

Step-by-step explanation:

The current in a stream moves at a speed of 5 km/h. A boat travels 20 km upstream and 20 km downstream in a total of 3 hours. Find the speed of the boat in still water. ​

Answers

Answer:

14

Step-by-step explanation:

im right

State the null hypothesis for a one-way ANOVA test if there are four groups.

Answers

In a one-way ANOVA test with four groups, the null hypothesis states that there is no significant difference between the means of all four groups.

This means that any observed differences in the sample means are due to chance or random integral alone and not because of any systematic or real differences between the groups.

The null hypothesis assumes that the population means for each group are equal, which implies that there is no effect or influence of the independent variable on the dependent variable. If the null hypothesis is accepted, it means that any observed differences between the groups are not statistically significant and do not support the alternative hypothesis.

To determine whether to accept or reject the null hypothesis, researchers calculate the F-statistic, which compares the variability between the sample means to the variability within each group. If the calculated F-value is greater than the critical F-value for a given level of significance, the null hypothesis is rejected in favor of the alternative hypothesis, indicating that there is a significant difference between at least two of the group means.

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plllleeeasssw help scams are reporteddd

Answers

Im not sure but I think the correct answers are:

3. B
4. A

please help anybody it would help alot

Answers

x=20

180-77=103

so then simplify (6x-17)=103
6x=120
x=20



16. You decide to drop a penny off the top of the Willis Tower (fromerly the Sears Tower) in Chicago, IL. The
height of the penny (in feet) can be represented by the equation h= -16t2 + 1451 where t is time (in seconds).
a) How long will it take for the penny to hit the ground? Show any work that leads to your answer.

Answers

Answer:

9.5 seconds.

Step-by-step explanation:

We know that the equation that represents the height of the penny as a function of time is:

h(t) = -16*t^2 + 1451

Where the height is in ft, and the time is in seconds.

a) We want to know how long takes the penny to hit the ground.

Well, the penny will hit the ground when its height is equal to zero.

Then we need to solve for t:

h(t) = 0 = -16*t^2 + 1451

0 = -16*t^2 + 1451

16*t^2 = 1451

t^2 = 1451/16 = 90.7

t = √90.7 = 9.5

This means that it takes 9.5 seconds to hit the ground.

Answer:9.5 seconds

Step-by-step explanation:you subtract

Mr. Frederick teaches 4 math classes. Which class period has the most students? Use the bar graph to answer the question.

Answers

Answer:

The class in the second and longest bar graph (the one labeled 3) has the most students.

Step-by-step explanation:

When looking for the largest amount of something in bar graphs, the largest bar graph is correct. In this case the second bar graph is the longest, and we can see it indicates the class contains 28 students.

5/6 + 1/3 + 1/2 + 3/4 = ?

Answers

Answer:

23/12 or 1 11/12

Step-by-step explanation:

Answer:

29/12 or 2 5/12

Step-by-step explanation:

look at photo to answer!
please help

Answers

Answer:

the answer is minus 2 ( -2)

Answer:

B

Step-by-step explanation:

This involves reading the coordinates of points from the graph

When x = 3 then y = - 2 , that is the point (3, - 2 )

Perform these steps: 1. State the hypotheses and identify the claim. 2. Find the critical value(s) 3. Compute the test value. 4. Make the decision. 5. Summarize the results. Use the traditional method of hypothesis testing unless otherwise specified. Assume all assumptions are met. 6. Game Attendance 10. Lottery Ticket Sales A lottery outlet owner hypothesizes that she sells 200 lottery tickets a day. She randomly sampled 40 days and found that on 15 days she sold fewer than 200 tickets. At a = 0.05, is there sufficient evidence to conclude that the median is below 200 tickets?

Answers

Hypotheses and Claim:Null Hypothesis (H0): The median number of lottery tickets sold per day is 200.Alternative Hypothesis (HA): The median number of lottery tickets sold per day is below 200.

Claim: There is sufficient evidence to conclude that the median is below 200 tickets.

Critical Value(s):

To determine the critical value for the hypothesis test, we need to specify the significance level (α). In this case, α is given as 0.05.

Since the sample size is relatively small (n = 40), we can use the t-distribution to find the critical value. The critical value corresponds to the lower tail because we are testing whether the median is below 200 tickets.

Using a t-table or a statistical software, we find the critical value tα/2 with (n - 1) degrees of freedom. For α = 0.05 and (n - 1) = 39, we find t0.025 = -1.685.

Compute the Test Value:

To compute the test value, we need to calculate the test statistic, which is the t-value.

Let's define X as the number of days the owner sold fewer than 200 tickets. In this case, X follows a binomial distribution with n = 40 and p = 0.5 (assuming equal probability of selling more or fewer than 200 tickets).

Since the sample size is large enough, we can approximate the binomial distribution using the normal distribution. The mean (μ) and standard deviation (σ) of the binomial distribution can be calculated as follows:

μ = np = 40 * 0.5 = 20

σ = sqrt(np(1-p)) = sqrt(40 * 0.5 * 0.5) = sqrt(10)

The test statistic t is given by:

t = (X - μ) / (σ / sqrt(n))

In this case, X = 15, μ = 20, σ = sqrt(10), and n = 40. Plugging these values into the formula:

t = (15 - 20) / (sqrt(10) / sqrt(40)) ≈ -2.24

Make the Decision:

In this step, we compare the test value to the critical value.

If the test value falls in the rejection region (t < tα/2), we reject the null hypothesis. Otherwise, if the test value does not fall in the rejection region, we fail to reject the null hypothesis.

In our case, the test value t = -2.24 is smaller than the critical value tα/2 = -1.685.

Therefore, we reject the null hypothesis.

Summarize the Results:

Based on the analysis, there is sufficient evidence to conclude, at the α = 0.05 level, that the median number of lottery tickets sold per day is below 200.

The lottery outlet owner's hypothesis that she sells 200 lottery tickets a day is not supported by the data, indicating that the median sales are lower than the claimed value.

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In this class we considered a variety of problems, formulas, and theorems. For an extra credit problem, describe a concept that we covered in class in your own words. It can be a theorem or a question that we solved in class or in homework problems (please don't repeat problems above). State the concept, explain the details in your own words.

Answers

The Pythagorean Theorem is a concept in geometry that explains the relationship between the sides of a right-angled triangle. According to this theorem, the square of the hypotenuse of a right-angled triangle is equal to the sum of the squares of its two legs. This can be represented in the form of an equation as c² = a² + b², where c is the hypotenuse and a and b are the legs of the triangle. This theorem is widely used in various fields, including architecture, engineering, and physics. It is named after the ancient Greek mathematician Pythagoras, who is credited with its discovery.

In simpler words, the Pythagorean theorem is used to find the length of the missing side of a right-angled triangle. For example, if we know the lengths of two sides of a triangle, we can use this theorem to find the length of the third side. This theorem is based on the fact that the hypotenuse is the longest side of a right-angled triangle, and that the square of a number is the product of that number multiplied by itself. It is also used to prove whether a triangle is a right-angled triangle or not. The Pythagorean Theorem is a fundamental concept in geometry and is an essential tool for solving various mathematical problems.

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Make up any linear equation with two variables the solution to which will be these pairs of numbers. x=2, y=4.5 PLS HELP

Answers

Answer:

[tex]y = 0.25x + 4[/tex]

[tex](x,y) = (2,4.5)[/tex]

Step-by-step explanation:

Given

[tex]x = 2[/tex]

[tex]y = 4.5[/tex]

Required

Make up a linear function

A linear function is represented as:

[tex]y = mx + b[/tex]

Assume [tex]b = 4[/tex]

The equation becomes

[tex]y = mx + 4[/tex]

Substitute [tex]x = 2[/tex] and [tex]y = 4.5[/tex] to solve for m

[tex]4.5 = m*2 + 4[/tex]

[tex]4.5 = 2m + 4\\[/tex]

Solve for m

[tex]2m = 4.5 - 4[/tex]

[tex]2m = 0.5[/tex]

[tex]m = 0.5/2[/tex]

[tex]m = 0.25[/tex]

So, we have:

[tex]m = 0.25[/tex], [tex]b = 4[/tex], [tex]x = 2[/tex] and [tex]y = 4.5[/tex]

[tex]y = mx + b[/tex] becomes

[tex]y = 0.25x + 4[/tex]

[tex](x,y) = (2,4.5)[/tex]

Given that x=6.2•10^12 and y=2•10^-8, find the value of x•2y​

Answers

Answer:

Step-by-step explanation:

Consider the inequality x<1. Determine whether each value of x makes the inequality trueSelect Yes or No va Yes No 3/2 13/6

Answers

he’s right he’s right he’s right

Sample mean = 5.5, 8=2.517. df-8 and confidence level 95% (corresponding test statistic value is 2303). Based on this information answer the following: Which test is appropriate, z-test or t-test? Type either "z-test" or "t-test" t-test Ą What was the sample size? A Calculate the margin of error. (Report two decimal point, #.##) A Calculate the confidence interval-write lower and uppler value using comma.(Report two decimal point: #.##, #.##) Ą If the df increases to 30 then what will impact on the margin of error? Write either "increase" or "decrease" or "no change decrease ^ If the df increases to 30 then what will impact on the confidence interval? Write either "wide" or "narrow" or "no change" decrease A/

Answers

The confidence interval is (4.25, 6.75). If the df increases to 30 then the impact on the margin of error will decrease.

The test that is appropriate for the given values is the t-test since the sample size is small. The sample size is not given in the question but it is necessary to find the margin of error. Hence, the sample size can be found using the formula of the t-test. Let us recall the formula of the t-test below:t = (sample mean - population mean) / (sample standard deviation / √n)

Where,t = test statistic sample mean = 5.5population mean = 8sample standard deviation = 2.517confidence level = 95%corresponding test statistic value = 2.303Let's plug in all the values in the formula and solve for the sample size,n = ((sample mean - population mean) / (sample standard deviation/test statistic value))²= ((5.5 - 8) / (2.517 / 2.303))²= 3.484²≈ 12.11Hence, the sample size is 12.11 or approximately 12.

Now, let's calculate the margin of error using the formula below: Margin of error = (t-critical value) × (standard deviation / √n)Since the confidence level is 95%, the alpha level is 5% which is divided equally between the two tails, so the area in each tail is 2.5%. Using the t-distribution table with df = n-1 = 11 and alpha/2 = 0.025, the t-critical value is 2.201.

Let's plug in all the values in the formula of the margin of error and solve it: Margin of error = (t-critical value) × (standard deviation / √n)= 2.201 × (2.517 / √12)= 1.245 ≈ 1.25Therefore, the margin of error is 1.25.

The confidence interval can be calculated using the formula below: Confidence interval = (sample mean - margin of error, sample mean + margin of error)Confidence interval = (5.5 - 1.25, 5.5 + 1.25)= (4.25, 6.75)Hence, the confidence interval is (4.25, 6.75).If the df increases to 30 then the impact on the margin of error will decrease. If the pdf increases to 30, then the impact on the confidence interval will be narrow.

So, the confidence interval is (4.25, 6.75).If the df increases to 30 then the impact on the margin of error will decrease.

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number 8 please help me​

Answers

Answer:

15.9??

Step-by-step explanation:

The answer is C. 15.9

What is the equation of the line that passes through the point (7,-6) and has a slope of -2?

Answers

Answer:

y=-2+8

Step-by-step explanation:

The answer is y=-2+8 because of course the slope has to be -2 as you stated in your Question. So all you have to do is change the Y-Intercept until you reach the point. Since the Slope is negative, the Y-Intercept will rise until you reach your point. You may double check my answer to see if it is right, it is up to you. If you find any fault in my answer please let me know. Have a good day!

area = ___ square units​

Answers

Answer:

9 square units

Step-by-step explanation:

Area of a square = base * height

= 3*3

= 9

Area= 9 square units

3*3=9

Area= width* length

width= 3

length= 3

width Length
3 * 3

What is the interquartile range The following data points represent the volume of gas in each race car driver's tank (in liters) Sort the data from least to greatest: 2.8 43 7.5 8.5 11.6 12 12.1 Find the interquartile range

Answers

The interquartile range of the data set is 4.7 liters.

To find the interquartile range, we first need to sort the data from least to greatest. This gives us the following data set:

2.8, 7.5, 8.5, 11.6, 12, 12.1

The first quartile (Q1) is the median of the lower half of the data set. In this case, the lower half of the data set is {2.8, 7.5, 8.5}. The median of this data set is 7.5. Therefore, Q1 = 7.5.

The third quartile (Q3) is the median of the upper half of the data set. In this case, the upper half of the data set is {11.6, 12, 12.1}. The median of this data set is 12. Therefore, Q3 = 12.

The interquartile range (IQR) is calculated by subtracting Q1 from Q3. In this case, IQR = 12 - 7.5 = 4.7 liters.

The interquartile range is a measure of the variability of the middle 50% of the data. In this case, the interquartile range tells us that the middle 50% of the race car drivers have between 7.5 and 12 liters of gas in their tanks.

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BRAINLY TO WHOEVER HELPS AND GET IT RIGHT

~no links pls~

Answers

Answer:

4 yards saved

Step-by-step explanation:

two adjacent sides: 6 + 8 = 14

diagonal: √(6² + 8²) = √100 = 10

14 - 10 = 4

what differences can be found when contrasting the mood of third person acc with that of claudettes first person account?​

Answers

Answer: The mood of the third-person account is less emotional and more matter-of-fact. The mood of Claudette's account is less emotional and more matter-of-fact.

Step-by-step explanation:

Consider the curve given by the parametric equations x=t(t2−192),y=8(t2−192) a.) Determine the point on the curve where the tangent is horizontal. t= b.) Determine the points t1​,t2​ where the tangent is vertical and t1​

Answers

a) The point on the curve where the tangent is horizontal is at t = 0.

b) The points where the tangent is vertical are at t₁ = -5 and t₂ = 5.

To find the points on the curve where the tangent is horizontal, we need to find the values of t that satisfy dy/dt = 0.

a.) Differentiating y = 3(t² - 75) with respect to t, we get:

dy/dt = 6t

Setting dy/dt = 0, we have:

6t = 0

t = 0

Therefore, when t = 0, the tangent is horizontal.

b.) To find the points where the tangent is vertical, we need to find the values of t that satisfy dx/dt = 0.

Differentiating x = t(t² - 75) with respect to t, we get:

dx/dt = 3t² - 75

Setting dx/dt = 0, we have:

3t² - 75 = 0

t² = 25

t = ±5

Therefore, the points where the tangent is vertical are when t = -5 and t = 5, with t₁ = -5 and t₂ = 5.

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The question is -

Consider the curve given by the parametric equations

x = t (t²-75) , y = 3 (t²-75)

a.) Determine the point on the curve where the tangent is horizontal.

t=

b.) Determine the points t_1,t_2 where the tangent is vertical and t_1 < t_2.

t_1=

t_2=

[tex]2v^{2} +14=104[/tex]

Answers

Step-by-step explanation:

[tex]2 {v}^{2} + 14 = 104 \\ 2 {v}^{2} = 104 - 14 \\ 2 {v}^{2} = 90 \\ {v}^{2} = 90 \div 2 \\ {v}^{2} = 45 \\ v = \sqrt{45} [/tex]

I will leave the answer in square root form as i am not sure if you need to round your answer or not.

Please helppp What's the slope and y intercept of 3x - y = 7

Answers

Answer:

slope: 3

y intercept:(0,-7)

Tan(x)-sqrt (3)=0, I know that one of the solutions should be pi/3, but I don’t know how to get to that, does anyone know how to solve this?

Answers

Do not click in the link above, these people are scamming and trying to fool us. Report any accounts you see saying that same thing and trying to get us to click in the link above.
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On a school field trip, there will be one adult for every 12 students. Which equation could be used to find a, the number of adults, if s, the number of students, is unknown? 8. Mao's role as a Communist Commissar was to control what the people within the party ____ Which gland is enlarged in a young child and what is the main function of the hormone it secretes?O A) Pineal seasonality and salt resorptionB) Thyroid - metabolismC) Thymus - immune system developmentD) Pancreas - calcium storageE) Adrenal secondary sexual characteristics no links please..... The price of crude oil, per barrel, in the year 2006 was estimated at $66.02. There was a 9.5% increase in the year2007 and a 38.83% increase in the year 2008. Determine the approximate value for a barrel of crude oil in the year2008. Round your answer to the nearest cent.a. $128.74c. $179.27b. $91.66d. $100.36 Resumen de LA CURACION DEL GRILLO ES UN LIBRO , DEL CAPITULO 11 AL 19 PORFAVOR , NO VENGAS A ROBAR PUNTOS , DOY 30 PUNTOS BORRO TU COMENTARIO SI NO SOLO VIENEN A ROBAR O TE REPORTO Find the output, h, when the input, x, is -18h = 17+x/6h=? based on the above estimated regression equation, if advertising is $3000, then the point estimate for sales (in dollars) isa) 66,000b) 5,412c) 66d) 17,400 pls help and show work communication between those who are unlike culturally and have different views of the world is known as __ It costs $3 per hour to park in a parking lot, with a maximum cost of $12.Explain why the amount of time a car is parked is not a function of the parking cost. Mary has a toy which is in the shape of a right prism with triangular bases. The sides of its bases are each 4 feet and its approximate height is 3.5 feet. The length of the prism between the bases is 10 feet. What is the approximate surface area of this right prism? A. 134 B. 150.5 C. 210 D. 323.5 a clothing manufacturer makes coats, shirts and slacks. The time required for The Cutting, sewing, and packaging on each item is shown in the table. How many of each should be made to use all available labor hours? Determine the projection of u=1.6i+3.3j in the v=-2.1-.5j direction.A.8i+.2jB.2.3i+.5jC. -.6i-1.3jD. -1.2i-1.1j A nurse is planning care for a client who has schizophrenia and reports auditory hallucinations. Which of the following interventions should the nurse include in the plan?a) promote the use of music to compete with the clients auditory hallucinationsb) inform the client that the auditory hallucinations are not realc) avoid asking that the client if they are experiencing auditory hallucinationsd) instruct the client on the use of voice recognition regarding the auditory hallucinations What challenges would have existed in the spread of Christianity. Come up with a list of challenges and how or why you think they were able to be overcome. Remember social media and cell phones did not exist back then! how does the frequency of a particular spectral line of the sun compare with the frequency of that line observed from a source on earth? what were Vincent van Gogh's first 3 jobs? Select the measures that are equal. Select all that apply.pls help me i beg you guys what is m=4 i really need help