Hamilton Boats issued 182,000 shares of its no par common stock to Sudoku Motors

Question

Hamilton Boats issued 182,000 shares of its no par common stock to Sudoku Motors in exchange for 1,300 four-stroke outboard motors that normally sell in quantity for $2,800 each.

By what amount should Hamilton’s shareholders’ equity increase as a result of this transaction?

Hamilton Boats issued 182,000 shares of its no par common stock to Sudoku Motors in exchange for 1,300 four-stroke outboard motors that normally sell in quantity for $2,800 each.

By what amount should Hamilton’s shareholders’ equity increase as a result of this transaction?

Explanation / Answer

amount should Hamilton’s shareholders’ equity increase as a result of this transaction=1,300*$2,800=$3,640,000

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