These account balances at December 31 relate to Sportaid Inc.: Accounts Payable ....... $ 52,100 Preferred Shares, $0.01, Accounts Receivable..... 81,450 870,000 shares issued Common Shares... 590,000 Retained Earnings . . . . . . 3,000 Notes Receivable .... Bonds Payable..... What is total shareholders' equity for Sportaid Inc.? OA. $761,000 OB. $753,400 OC. $748,400 O D. $759,435 O E. None of the above 87,000 71,400 12,600

These account balances at December 31 relate to Sportaid Inc.: Accounts Payable ....... $ 52,100 Preferred Shares, $0.01, Accounts Receivable..... 81,450 870,000 shares issued Common Shares... 590,000 Retained Earnings . . . . . . 3,000 Notes Receivable .... Bonds Payable..... What is total shareholders' equity for Sportaid Inc.? OA. $761,000 OB. $753,400 OC. $748,400 O D. $759,435 O E. None of the above 87,000 71,400 12,600

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Description: Please do not give solution in image format ? These account balances at December 31 relate to Sportaid Inc.:Accounts Payable . . . . . . . $ 52,100 Preferred Shares, $0.01,Accounts Receivable . . . . .81,450 870,000 shares issuedCommon Shares ..590,0

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 17BEA: Ernst Companys balance sheet shows total liabilities of 32,500,000, total stockholders equity of...

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These account balances at December 31 relate to Sportaid Inc.: Accounts Payable... Accounts Receivable. Common Shares... Bonds Payable ... What is the total share capital for Sportaid Inc.? OA. $694,445 OB. $701,345 C. $753,800 D. $682,000 E. None of the above $ 51,700 Preferred Shares, $0.01, 81,350 890,000 shares issued 593,000 Retained Earnings. . 3,400 Notes Receivable .. 89,000 71,800 12,500
These account balances at December 31 relate to Sportplace Inc.: Accounts Payable..... $ 51,400 Preferred Shares, $0.01, Accounts Receivable. Common Shares Bonds Payable... 81,150 860,000 shares issued 595,000 Retained Earnings 86,000 71,500 3,100 Notes Receivable 12,600 If the average issue price of Sportplace's outstanding common shares is $11.90, how many common shares are issued and outstanding? OA. 50,000 OB. 595,000 O c. 100,000 OD. Unknown Next
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These account balances at December 31 relate to Sportaid Inc.: Accounts Payable... $ 51,700 Preferred Shares, $0.01, Accounts Receivable. 81,350 890,000 shares issued 89,000 Common Shares 593,000 Retained Earnings 71,800 Bonds Payable. 3,400 Notes Receivable. 12,500 If the average issue price of Sportaid's outstanding common shares is $11.86, how many common shares are issued and outstanding? A. 50,000 B. 593,000 C. 100,000 D. Unknown
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