acc 291 week 4 assignment problems
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- Submitted On 27 Apr, 2015 05:06:08
Week 4 Individual Exercises Exercise 11-15 Before After After Action Dividend Stock Split Stockholders equity Paid in capital Common stock,$10 par 600,000 630,000 600,000 Paid in capital in excess par value 0 12,000 0 Total paid in capital 600,000 642,000 600,000 Return earnings 900,000 858,000 900,000 Total stock holders equity 1,500,000 1,500,000 1,500,000 Outstanding shares 60,000 66,000 120,000 Exercise 12-1 1. Organizations purchase investments in debt or stock securities because they have excess cash, earnings from investment income, and strategic reasons. 2. An organization will have excess cash it does not need for operations because of seasonal fluctuations in sales. The organization will use excess funds for a bigger return than holding in the bank. 3. A typical investment when investing cash for a short period of time would be a short te...
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