A corporation reported the following during 2009: Net income $175,250;

| April 14, 2018

A) A corporation reported the following during 2009: Net income $175,250; a sale of 10,000 shares of $5 par value common stock for $8.75 per share; a purchase of treasury stock costing $24,750; a sale of treasury stock costing $15,500 for $14,695; a declaration and distribution of a $39,000 cash dividend; a declaration and distribution of a stock dividend of 5,000 shares of $5 par value common stock. What was the increase in owners’ equity during 2009?B) A company’s retained earnings on December 31, 2008 was $2,190,000 and its owners’ equity was $8,760,000. During 2009 the company reported the following: net income $225,000; a sale of treasury stock costing $75,000 for $79,750; a treasury stock purchase costing $125,700; a cash dividend declaration of $73,200; a 10,000 share common stock ($10 par value) dividend was declared and distributed when the market value was $12.75 per share. What is the owners’ equity balance on December 31, 2009?

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