401K Financial Planning

L. asked:

I am interested in some foreign stocks that do not have ADRs (American Depository Receipt) available in US. Most brokers do not handle trades of foreign / global stocks. Meanwhile, the free information of foreign stocks is quite limited. Please advise some online discount stock brokers that do handle trades of foreign stocks (more than Canadian stocks), as well as free resources for financial statements of foreign stocks.

Thank you =)


Question posted courtesy of: Julie

Lisa asked:

Sussex Corporation began operations on Sept. 1, 20xx. The Corporations’ charter authorized 300,000 shares of $8 par value common stock. Sussex Corporation engaged in the following transactions during its first quarter:

Sept 1 Issued 50,000 shares of common stock, $500,000

Sept 1 Paid an attorney $32,000 to help start up and organize the corporation and obtain a corporated charter from the state.

Oct 2 Issued 80,000 shares of common stock, $960,000

Oct 15 Purchased 10,000 shares of common stock for $150,000.

Nov 30 Declared a cash dividend of $.40 pershare to be paid on December 15 to stockholders of record on December 10

1. Prepare entries in T accounts to record the above
transactions.

2.Prepare the stockholders equity section of sussex
Corporation’s balance sheet on Nov 20, 20xx. Net income
for the quarter was $80,000.


Question posted courtesy of: Tracy