Homework Quiz—9 S11 Section2

For each of the items below indicate the quantitative

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For each of the items below indicate the quantitative effect on the financial statement element noted. If there is no effect, write “no effect.” a. The effect of Transaction 1 on Hatch’s Total Assets is: decrease $105,000 b. The effect of Transaction 1 on Hatch’s Common Shares Outstanding is: decrease 5,000 c. The effect of Transaction 1 on Hatch’s Number of Treasury Shares is: increase 5,000 1
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d. Hatch’s Total Stockholders’ Equity after transaction 1 is: $45,817,000 e. Hatch’s Total Capital Stock after Transaction 1 is: $13,850,000 f. Hatch’s Common Stock Account Balance after Transaction 2 is: $10,278,750 g. Hatch’s Excess Over Par – Common account balance after Transaction 2 is: $27,962,750 h. The effect of Transaction 2 on Hatch’s Total Assets is: no effect i. The effect of Transaction 2 on Hatch’s Total Stockholders’ Equity is: increase $241,500 j. The effect of Transaction 2 on Hatch’s Total Liabilities is: decrease $241,750 2
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Homework Quiz-9 S11 Section 2 Name Section Recall that: Cash + ∆ Other Assets = L + PIC + BRE + R – X + G – L – D HATCH COMPANY Stockholders’ Equity December 31, 2010 Capital Stock Preferred stock, $20 par, 8%, 180,000 shares issued and outstanding ................................................................................... $ 3,600,000 Common stock, $2.50 par, 5,000,000 shares authorized, 4,100,000 shares
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