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  1. business
  2. accounting
  3. a firm has assets of $400,000, liabilities of $265

A firm has assets of $400,000, liabilities of $265,000, Retained Earnings of $30,000, and Treasury...

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Accounting

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A firm has assets of $400,000, liabilities of $265,000, Retained Earnings of $30,000, and Treasury Stock with a balance of ($15,000). All shares of common stock were issued at a price of $12/share. a. (6 points) If there are 1,000 shares in the treasury, calculate the number of shares outstanding b. (6 points) The firm declares a dividend of $1/share. Record the JE on the declaration date

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