32. Knapp's Marine Supply reported the following information at December 31, 2019: Common stock, $2 par, 500,000...
32. Knapp's Marine Supply reported the following information at December 31, 2019:
|
Common stock, $2 par, 500,000 shares authorized |
$ 300,000 |
|
Additional paid-in capital - Common |
160,000 |
|
Retained earnings Less: Treasury Stock (cost $10/share) |
90,000 (20,000) |
|
Total stockholders' equity |
$530,000 |
Answer the following questions for Knapp's Marine Supply.
|
a) |
What is the Contributed Capital? $ _________________________ |
|
b) |
Would the total stockholders’ equity increase, decrease, or remain the same, if the company declared a 2-for-1 stock split on December 31, 2019? Explain. |
c) Would the market price per share of stockincrease, decrease, or remain the same, if the company
declared a 2-for-1 stock split on December 31, 2019? Explain.
d) Calculate the number of shares:
-
Issued ____________ shares
- Treasury
stock ____________ shares
- Outstanding ____________ shares
Homework Answers
Hi
Let me know in case you face any issue:
Add Answer to:
32. Knapp's Marine Supply
reported the following information at December 31, 2019:
Common stock, $2 par, 500,000...
Knapp's Marine Supply reported the following information at December 31, 2018: Common stock, $1 par, 500,000...
Knapp's Marine Supply reported the following information at December 31, 2018: Common stock, $1 par, 500,000 shares authorized $ 300,000 Additional paid-in capital - Common 160,000 Retained earnings Less: Treasury Stock (cost $10/share) 90,000 (20,000) Total stockholders' equity $530,000 Answer the following questions for Knapp's Marine Supply. What is the Contributed Capital? $ _________________________ Would the total stockholders’ equity increase, decrease, or remain the same, if the company declared a 2-for-1 stock split on December 31, 2018? Explain. Would the...
Dally Cleaners reported the following information at December 31, 2018: Common stock, $2 par, 300
Dally Cleaners reported the following information at December 31, 2018: Common stock, $2 par, 300,000 shares authorized 80,000 Additional paid-in capital 1,200,000 Retained earnings 5,600,000 Total $6,880,000 Less: Treasury stock (2,000 common shares at cost) 68,000 Total Stockholders' Equity $6,948,000 Net Income $845,000 Answer the following questions for Dally Cleaners in the space provided: How many shares of common stock are authorized? _____________ How many shares of common...
Pina Company reported the following amounts in the stockholders’ equity section of its December 31, 2019, balance sheet. Preferred stock, 13%, $ 100 par (100,000 shares authorized, 28,000 shares issued) $ 2,800,000 Common stock, $ 1 par (1,000,000 sha
Pina Company reported the following amounts in the stockholders’ equity section of its December 31, 2019, balance sheet. Preferred stock, 13%, $ 100 par (100,000 shares authorized, 28,000 shares issued)$ 2,800,000 Common stock, $ 1 par (1,000,000 shares authorized, 307,000 shares issued) 307,000 Additional paid-in capital-common 858,000 Retained earnings 1,379,000 Total $ 5,344,000 During 2020, Pina took part in the following transactions concerning stockholders’ equity. .1.Paid the annual 2019 dividend on preferred stock and a $ 0.50 per share dividend on common stock. These dividends had been declared on December...
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$15 par...
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$15 par value, 100,000 shares authorized, 55,000 shares issued and outstanding $ 825,000 Paid-in capital in excess of par value, common stock 70,000 Retained earnings 400,000 Total stockholders' equity $ 1,295,000 During 2019, the following transactions affected its stockholders’ equity accounts. Jan. 2 Purchased 4,500 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$10 par...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$10 par value, 100,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 80,000 400,000 $ 980,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable...
2. On January 1, 2010, the accounts of Mac Corporation showed the following: Common stock, par...
2. On January 1, 2010, the accounts of Mac Corporation showed the following: Common stock, par SI, authorized 100.000 shares Capital in excess of par value ($2 per share) Retained carnings 60,000 140,000 During 2010, the following transactions occurred affecting stockholders' equity (in the order given) A B. C. D. Issued a 100° stock dividend when the market price was at $5 per share. Purchased treasury stock, 1.000 shares at a total cost of $8.000. Declared and paid cash dividends....
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2017. Common stock—$15 par...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2017. Common stock—$15 par value, 100,000 shares authorized, 50,000 shares issued and outstanding $ 750,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 400,000 Total stockholders' equity $ 1,230,000 In year 2018, the following transactions affected its stockholders’ equity accounts. Jan. 1 Purchased 6,000 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a $2 per share cash dividend...
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$10 par...
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$10 par value, 100,000 shares authorized, 50,000 shares issued and outstanding $ 500,000 Paid-in capital in excess of par value, common stock 70,000 Retained earnings 430,000 Total stockholders' equity $ 1,000,000 During 2019, the following transactions affected its stockholders’ equity accounts. Jan. 2 Purchased 4,000 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a $6 per share cash dividend payable...
Required information [The following information applies to the questions displayed below.) Part of 3 Global Marine...
Required information [The following information applies to the questions displayed below.) Part of 3 Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock. $5 par value. During the first year, the company earned $310,000 of net income, declared no dividends, and the following selected transactions occurred in the order given: 14.28 points eBook a. Issued 110,000 shares of the common stock at $46 cash per share. b. Reacquired 16,000 shares at $41...
2. On January 1, 2010, the accounts of Mac Corporation showed the following: Common stock, par...
2. On January 1, 2010, the accounts of Mac Corporation
showed the following:
Common stock, par $1, authorized 100,000 shares Capital in excess of par value ($2 per share) Retained earnings 60,000 140,000 During 2010, the following transactions occurred affecting stockholders' equity (in the order given): C. D. Issued a 100% stock dividend when the market price was at $5 per share. Purchased treasury stock, 1,000 shares at a total cost of $8,000. Declared and paid cash dividends, $15,000. Net...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$10 par value, 100,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 80,000 400,000 $ 980,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable...
2. On January 1, 2010, the accounts of Mac Corporation showed the following: Common stock, par SI, authorized 100.000 shares Capital in excess of par value ($2 per share) Retained carnings 60,000 140,000 During 2010, the following transactions occurred affecting stockholders' equity (in the order given) A B. C. D. Issued a 100° stock dividend when the market price was at $5 per share. Purchased treasury stock, 1.000 shares at a total cost of $8.000. Declared and paid cash dividends....
Required information [The following information applies to the questions displayed below.) Part of 3 Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock. $5 par value. During the first year, the company earned $310,000 of net income, declared no dividends, and the following selected transactions occurred in the order given: 14.28 points eBook a. Issued 110,000 shares of the common stock at $46 cash per share. b. Reacquired 16,000 shares at $41...
2. On January 1, 2010, the accounts of Mac Corporation
showed the following:
Common stock, par $1, authorized 100,000 shares Capital in excess of par value ($2 per share) Retained earnings 60,000 140,000 During 2010, the following transactions occurred affecting stockholders' equity (in the order given): C. D. Issued a 100% stock dividend when the market price was at $5 per share. Purchased treasury stock, 1,000 shares at a total cost of $8,000. Declared and paid cash dividends, $15,000. Net...
Most questions answered within 3 hours.
-
(CO 2) A field can be added to a report to
values for two or more...
asked 46 minutes ago -
Identify 3 research scenarios that might provide a low,
medium, and high degree of variability in...
asked 1 hour ago -
how
does gravity affect the trajectory of projectile? what would be the
shape of the trajactory...
asked 2 hours ago -
Two small plastic spheres are given positive electrical charges.
When they are a distance of 15.4...
asked 2 hours ago -
An acidic solution containing gold ions is
electrolyzed, producing gaseous oxygen (from water) at the anode...
asked 2 hours ago -
Assume that the population of Mexico is 128
million and that the population increases 1.01
percentannually....
asked 3 hours ago -
Can someone please help me add appropriate descriptive
comments to each line of code in the...
asked 3 hours ago -
Romeo wishes to throw a bouquet of flowers to Juliet, who is on
a second-story balcony,...
asked 4 hours ago -
Why is QE a controversial monetary policy tool.
A. It may lead to excessive inflation.B. By...
asked 4 hours ago -
Principles of Programming midterm study guide help!
1.)
______ Which of the following would reference the...
asked 4 hours ago -
A finite potential well has depth U0 = 2.78 eV . What is the
penetration distance...
asked 5 hours ago -
1. The bus bars of a power station are in two sections A and B
separated...
asked 5 hours ago