ACT 325 Module 2 Critical Thinking

Complete the following exercise. Fill in the Excel spreadsheet provided via the link below to provide your answers to parts a, b, and c. Then paste the Excel data into a Word document on which you can also write the answer to part d.

Label each exercise or problem clearly. Use APA formatting and citation if needed.

Uzi Company received a charter granting the right to issue 200,000 shares of $1 par value common stock and 10,000 shares of 8% cumulative and nonparticipating, $50 par value preferred stock that is callable at $80 per share. Selected transactions are presented below. 2011
Feb.	19		Issued 45,000 shares of common stock at par for cash.
22		Gave the corporation’s promoters 30,000 shares of common stock for their services in getting the corporation organized. The directors valued the services at $50,000.
Mar	30		Exchanged 100,000 shares of common stock for the following assets at fair market values: land, $25,000; building, $100,000; and machinery, $125,000.
Dec.	31		Closed the Income Summary account. A $25,000 loss was incurred.

2012

Jan.	12		Issued 1,000 shares of preferred stock at $75 per share.
Dec.	15		The board of directors declared an 8% dividend on preferred shares and $0.10 per share on outstanding common shares, payable on January 31 to the January 17 stockholders of record.
31		Closed the Income Summary account. A $69,000 net income was earned.
2013
Jan.	31		Paid the previously declared dividends.

Required:

1. Prepare general journal entries to record the selected transactions.


2. Prepare a stockholders’ equity section as of the close of business on December 31, 2012.


3. Determine the book value per preferred share and per common stock as of December 31, 2012.


4. Provide a rationale between 200 and 300 words in length for buying or not buying this stock based on the financial information presented

 

Course Home Work aims to provide quality study notes and tutorials to the students of ACT 325 Module 2 Critical Thinking  in order to ace their studies.

Course Home Work – Best Home Work Tutorials

ACT 325 Module 2 Critical Thinking

Course Home Work, ACT 325 Module 2 Critical Thinking , Home Work Tutorials, Home Work Solutions, Home Work Essay, Home Work Questions.ACC 565 Wk 7 Assignment 3, ACC403 week 2 assignment, ACC565 Week 10, ACCT 212 (Financial Accounting),  ACCT 344 (Entire Course) – Devry, ACCT 344 Final Exam Latest 2014 – Devry,  ACCT 346 (Managerial Accounting), ACCT 346 Midterm Exam Updated DeVry, ACCT 504, ACCT 504 Week 8, ACCT 553, ART 101 Week 8, Ashford BUS 401, ASHFORD BUS 640, Ashford HIS 204, ASHFORD MAT 222 Week 3, BA 215 (Business Statistics), BA 215 All Assignments Week 1 -8 – Grantham, BA 225, BA 260, BA 265 (Business Law II), BA 265 (Business Law II) FINAL EXAM, BA 340 All Course Assignments, BA 340 Human Resource, BA 370 (Employment Law), BA 405 Multinational Management, BA 470 Week 3 – 5 – 6 – 7, BA 470 Entrepreneurship, BA350 Principles Of Finance, BIS 155 Final Exam – DeVry, BIS 220 Final Exam, BSOP 429, BSOP 434 Entire Course – Devry, BUS 303 Week 2, BUS 303 Week 3, BUS 303 Week 5, BUS 311 Business Law, BUS 330 Week 1, BUS 330 Week 3, BUS 330 Week 5, BUS 401 Week 4 DQ 1, BUS 401 Week 4 DQ 2, BUS 402 WEEK 4, BUS 405 (Principles of Investment), BUS 475, BUS 475 Final Exam 100 MCQS, BUS 475 Final Exam 600 MCQS, BUS 599 (STRAYER), BUS 599 Assignment, BUS 620 Week 4, BUS 640 Week 1, BUS499 Asignment 4, BUS508 Asignment 1, BUS499 Assignment 3.

ACT 325 Module 2 Critical Thinking