Shack company had retained earnings of $96,000 and stockholders equity of $158,000 at the beginning of...
Homework Answers
Ending retained earnings= Beginning retained earnings+Net income-Cash dividend
= $96000+39000-20000= $115000
Ending total stockholders' equity= Beginning stockholders' equity+Ending retained earnings+Other comprehensive income
= $158000+115000+12000
= $285000
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Shack company had retained earnings of $96,000 and stockholders
equity of $158,000 at the beginning of...
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A company had a beginning balance in retained earnings of $400,000. It had net income of...
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The stockholders' equity of Embassy Corporation at December 31, 2017, is shown as follows. Stockholders' equity:...
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On January 1, 2022, Sage Hill Inc. had these stockholders’ equity balances. Common Stock, $1 par...
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equity balances.
Common Stock, $1 par (2,500,000 shares authorized, 660,000
shares issued and outstanding)
$660,000
Paid-in Capital in Excess of Par Value
1,440,000
Retained Earnings
681,000
Accumulated Other Comprehensive Income
47,000
During 2022, the following transactions and events
occurred.
1.
Issued 46,500 shares of $1 par value common stock for $2 per
share.
2.
Issued 60,000 shares of common stock for cash at $6 per
share.
3.
Purchased 22,200 shares...
16-44 Simple Changes in Retained Earnings and Total Stockholders' Equity Sydney Company had retained earnings of $56,000 and total stockholders' equity of $75,000 at the beginning of 20X1. During 20X1 the company had net income of $21,000, declared and paid cash dividends of $8,000, and had other comprehensive income of $4,000. Sydney Company neither issued nor bought back shares in 20X1. Compute the retained earnings and total stockholders' equity at the end of 20X1.
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A company had a beginning balance in retained earnings of $400,000. It had net income of $50,000 and declared and paid cash dividends of $55,000 in the current period. The ending balance in retained earnings equals: Multiple Choice O $505,000 о $455,000. о $350,000.
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re P11-8A On January 1, 2017, Tacoma Corporation had these stockholders' equity accounts Common Stock ($10 par value, 70,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $700,000 500,000 620,000 During the year, the following transactions occurred. Comprehensive Account Declared a $0.50 cash dividend per share to stockholders of record on January 31, payable February 15. Jan. 15 Feb. 15 Paid the dividend declared in January Apr. 15 Declared a 10% stock dividend to stockholders...
On January 1, 2022, Sage Hill Inc. had these stockholders’
equity balances.
Common Stock, $1 par (2,500,000 shares authorized, 660,000
shares issued and outstanding)
$660,000
Paid-in Capital in Excess of Par Value
1,440,000
Retained Earnings
681,000
Accumulated Other Comprehensive Income
47,000
During 2022, the following transactions and events
occurred.
1.
Issued 46,500 shares of $1 par value common stock for $2 per
share.
2.
Issued 60,000 shares of common stock for cash at $6 per
share.
3.
Purchased 22,200 shares...
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