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Author Question: The pro forma accumulated retained earnings amount is ________. (See Table 4.5) A) 90,000 B) ... (Read 67 times)

deesands

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on: Jul 10, 2018
The pro forma accumulated retained earnings amount is ________. (See Table 4.5)
 
  A) 90,000
  B) 175,000
  C) 140,000
  D) 130,000

Question 2

Karina's Caribbean Foods had total assets as recorded on its balance sheet are 1,500,000. What is the value of the Karina's common stock if it has 950,000 in liabilities, and 7,500 shares of common stock outstanding?
 
  What will be an ideal response?


bigsis44

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Reply #1 on: Jul 10, 2018
Answer to Question 1

D

Answer to Question 2

Stock price = (1,500,000 - 950,000 ) / 7,500 = 73.33


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