(Solved Homework): Transaction Assets Liabilities Stockholders' Equity o. C. ed….

FootCovers, Inc., with headquarters in Beaverton, Oregon, is one of the world’s leading manufacturers of athletic shoes and sports apparel. The following activities occurred during a recent year. The amounts are rounded to millions.

Purchased additional buildings for $188 and equipment for $260; paid $408 in cash and signed a long-term note for the rest.

Don't use plagiarized sources. Get Your Custom Essay on
(Solved Homework): Transaction Assets Liabilities Stockholders' Equity o. C. ed….
Get an essay WRITTEN FOR YOU, Plagiarism free, and by an EXPERT!
Order Essay

Issued 90 shares of $2 par value common stock for $350 cash.

Declared $135 in dividends to be paid in the following year.

Purchased additional short-term investments for $7,716 cash.

Several FootCovers investors sold their own stock to other investors on the stock exchange for $90.

Sold $4,213 in short-term investments for $4,213 in cash.


For each of the events (a) through (f), perform transaction analysis and indicate the account, amount, and direction of the effect (+ for increase and – for decrease) on the accounting equation. Check that the accounting equation remains in balance after each transaction. (If no impact on the accounting equation leave cells blank. Enter your answers in millions.)Transaction Assets Liabilities Stockholders Equity o. C. ed.

Transaction Assets Liabilities Stockholders’ Equity o. C. ed.

Expert Answer


Statement Showing Transaction Analysis Amount ($) in Millions
Transaction Assets = Liabilities + Stockholders Equity
(a) Buildings + Equipment + 448 Long Term Note 40
Cash – 408
(b) Cash + 350 Common Stock + 350
(c) Dividends + 135
Dividends Payable – 135
(d) Short Term Investments + 7716
Cash – 7716
(e) Cash + 90 Common Stock – 90
(f) Short Term Investments – 4213
Cash + 4213

Homework Ocean
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.


Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.


Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.


Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.


Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.

× Contact Live Agents