Door Company bar has 2 tissues common stock. Only the class A common stockholder

Question

Door Company bar has 2 tissues common stock. Only the class A common stockholders are entitled to vote. Record the issuance I common stock for cash. Use the Door account titles Record the issuance of the class B I common stock for cash. Use the Door account titles. How much of Door's stockholders' equity was contributed by the stockholders? How much was provided by profitable operations? Does this division of equity suggest that the company has been successful? The stockholders contributed $ to stockholders' equity and S was provided by profitable operations. This division suggests that the company (has, has not) been successful because most of its stockholders' equity has come from (the stockholders, profitable operations). Write a sentence to describe what Door Company's stockholders' equity means. Door's stockholders' equity of S means that the company's stockholders own $ of the business's assets.

Explanation / Answer

Contributed by the shareholders: $2,488,000,000 ($4,700,000+   $111,00,000).
Provided by profitable operations: $15,800,000.
This division suggests that the company has been successful because more than half of its shareholders’ equity has come from profitable operations

Door Co shareholders’ equity of $885,130,000 means that the company’s shareholders

own $885,130,000 of the business’s assets.

DR CR Cash 4,700,000 Class A Subordinate Voting Shares 4,700,000 To record issuance of Class A common shares Cash 1,11,00,000 Class B Shares 1,11,00,000 To record issuance of Class B common shares.

Related Questions

Navigate

• Browse (All)
• Browse D
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.