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ID: 2447265 • Letter: 1
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WorksheetDifficulty: MediumLearning Objective: 08-5
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WorksheetDifficulty: MediumLearning Objective: 08-5
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Organize the transactions data in accounts under the accounting equation. (Amounts to be deducted should be indicated with minus sign. Leave no cells blank - be certain to enter "0" wherever required. Omit the "$" sign in your response.)
Kwon Corporation Accounting Equation
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WorksheetDifficulty: MediumLearning Objective: 08-5
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Prepare the stockholders' equity section of the balance sheet reflecting these transactions. (Amounts to be deducted should be indicated with minus sign. Omit the "$" sign in your response)
$
The following information pertains to Kwon Corp. at January 1, 2010.Explanation / Answer
a)Outstanding shares= 20000 +2000 - 200 +50 = 21850 shares
b)Issued shares = 20000 +2000 = 22000 shares
c)
d)
Asset Shareholders equity cash = CS + PIC in excess of CS + PIC in excess of TS - Treasury stock 1 + 50000 [2000*.25] +20000 [2000*10] + + 30,000 [15*2000] 2 - 4400 [200*22] - +4400 3 +1300 [50*26] +200 [50*4] -1100 [50*22] Bal 46900 20000 + 30000 + 200 - 3300Related Questions
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