Homework Answers
Lets suppose 100 shares issued @ Rs12 each ($10 par value)
Additional paid in capital in excess of par = 100 shares * ($12 - $10) = $200
Hence the formula is:-
Number of shares of stock times (selling price per share – par value per share)
Option B is correct
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The formula needed to compute "additional paid-in capital in excess of par" is: OA. number of...
Please show work (answer of paid-in capital excess of par-common stock is not 1188 and paid-in...
Please show work (answer of paid-in capital excess of par-common
stock is not 1188 and paid-in capital excess of par-preferred stock
is not 1635)
Coronado Corporation's charter authorized issuance of 91,000 shares of $10 par value common stock and 53,700 shares of $50 preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is independent of the others. 1. Issued a $10,500, 9% bond payable at par and gave as a bonus one share...
As you look at Paid-In-Capital-excess of Par and Paid-In-Capital-share repurchases; are these two terms the same...
As you look at Paid-In-Capital-excess of Par
and Paid-In-Capital-share repurchases; are these
two terms the same T-account or two different T-accounts?
Question 4 1 out of 1 points In 2016, Winn, Inc., issued $1 par common stock for $35 per share. No other common stock transactions occurred until July 31, 2018, when Winn acquired some of the issued shares for $30 per share and retired them. Which of the following statements correctly states an effect of this acquisition and retirement?...
Cash Common stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Organization...
Cash Common stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 225.000 Check 45,000 190.000 150.000 60.000 Cash Accounts Receivable Bailding Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Valve Commons Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 45,500 16,000 82.700 59,700 54,500 30.000 134.000 77.000 57.000...
Apr. Cash | Common Stock 177000 Paid-in Capital in Excess of Par-Preferred Stock 383500 June 15...
Apr. Cash | Common Stock 177000 Paid-in Capital in Excess of Par-Preferred Stock 383500 June 15 Cash Dividends 127000 Dividends Payable 127000 TJuly 10 Dividends Payable 127000 T Cash 127000 Dec. Cash 18000 Common Stock 6000 Paid-in Capital in Excess of Par-Preferred Stock 12000 Dec. 15 I Cash Dividends | Dividends Payable 627200 On January 1, Oriole Corporation had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the...
On July 1, Davidson Corporation had the following capital structure Common stock ($3 par value) Additional...
On July 1, Davidson Corporation had the following capital structure Common stock ($3 par value) Additional paid-in capital Retained earnings Treasury stock S 660,000 1,040,000 850,000 Required Complete the table below for each of the two following independent cases: (Round "Par value per share" answers to 2 decimal places.) Case 1: The board of directors declared and issued a 40 percent stock dividend when the stock was selling at $5 per share Case 2: The board of directors announced a...
compute the number of stockholders shares ...$2,700,000 Jim Croce Corporation's stockholders' equity at December 31 consists...
compute the number of
stockholders shares
...$2,700,000 Jim Croce Corporation's stockholders' equity at December 31 consists of the following Preferred stock, 8%, 350 par value, 100,000 shares authorized, 15,000 shares issued and outstanding... $750,000 Common stock, 55 par value 600,000 shares authorized, shares issued and shares outstanding Additional paid-in-capital in excess of par-Common........ ..$1,000,000 Retained Earnings ................ $500,000 Treasury Stock.(25,000 shares).............5.200,000 Compute the number of common shares issued: O A. 60,000 B. 1,140,000 C. 540,000 D.600,000 QUESTION 13 $2,700,000 Jim...
1 Problems General Journal Debit 299,000 Credit Common Stock, $25 Par Value Paid In Capital in...
1 Problems General Journal Debit 299,000 Credit Common Stock, $25 Par Value Paid In Capital in Excess of Par Value, Common Stock 215,000 55,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 170,000 128,000 42,00 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paldin Capital in Excess of Par Value, Common Stock 45,500 17.500 32,700 59,800 55,90 30,000 d. Cash C ostock, 525 Par Value Paldin Capital in Excess...
Common stock-$10 par value, 80,000 shares authorized, issued, and outstanding Paid-in capital in excess of par...
Common stock-$10 par value, 80,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 800,000 256,000 928,000 $1,984,000 1. Prepare Journal entries to record the following transactions for Sherman Systems. a. Purchased 5,800 shares of its own common stock at $33 per share on October 11. b. Sold 1,200 treasury shares on November 1 for $39 cash per share. c. Sold all remaining treasury shares on November 25 for...
31, Stockholders Equity: Preferred stock ($50 par) Common stock ($0.10 par) Additional Paid in capital Total...
31, Stockholders Equity: Preferred stock ($50 par) Common stock ($0.10 par) Additional Paid in capital Total paid in capital Retained earnings Treasury stock (5,000 common shares) Total stockholders' equity $500,000 30,000 7,520,000 8,050,000 610,100 (150,000) $8,510,100 1. How many shares of preferred stock have been issued? 2a. How many shares of common stock have been issued? 2b. How many of the common shares are outstanding? 3. If the common shares were issued at $25 per share, at what average price...
Bella Donna Paid in capital in excess of par? Please answer promptly and show all work....
Bella Donna
Paid in capital in excess of par?
Please answer promptly and show all work.
Question 2 O out of 0.5 points Bella Donna Company has 100,000 shares of $4 par common stock issued and outstanding as of January 1, 2018. The shares were originally issued for $9 per share. On February 3, 2018, Bella Donna repurchased 3,690 shares at $6 per share for the purposes of retiring them. What will be the balance in Paid in capital in...
Please show work (answer of paid-in capital excess of par-common
stock is not 1188 and paid-in capital excess of par-preferred stock
is not 1635)
Coronado Corporation's charter authorized issuance of 91,000 shares of $10 par value common stock and 53,700 shares of $50 preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is independent of the others. 1. Issued a $10,500, 9% bond payable at par and gave as a bonus one share...
As you look at Paid-In-Capital-excess of Par
and Paid-In-Capital-share repurchases; are these
two terms the same T-account or two different T-accounts?
Question 4 1 out of 1 points In 2016, Winn, Inc., issued $1 par common stock for $35 per share. No other common stock transactions occurred until July 31, 2018, when Winn acquired some of the issued shares for $30 per share and retired them. Which of the following statements correctly states an effect of this acquisition and retirement?...
Cash Common stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 225.000 Check 45,000 190.000 150.000 60.000 Cash Accounts Receivable Bailding Notes Payable Common Stock, $25 Par Value Paid-In Capital in Excess of Par Valve Commons Cash Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 45,500 16,000 82.700 59,700 54,500 30.000 134.000 77.000 57.000...
Apr. Cash | Common Stock 177000 Paid-in Capital in Excess of Par-Preferred Stock 383500 June 15 Cash Dividends 127000 Dividends Payable 127000 TJuly 10 Dividends Payable 127000 T Cash 127000 Dec. Cash 18000 Common Stock 6000 Paid-in Capital in Excess of Par-Preferred Stock 12000 Dec. 15 I Cash Dividends | Dividends Payable 627200 On January 1, Oriole Corporation had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the...
On July 1, Davidson Corporation had the following capital structure Common stock ($3 par value) Additional paid-in capital Retained earnings Treasury stock S 660,000 1,040,000 850,000 Required Complete the table below for each of the two following independent cases: (Round "Par value per share" answers to 2 decimal places.) Case 1: The board of directors declared and issued a 40 percent stock dividend when the stock was selling at $5 per share Case 2: The board of directors announced a...
compute the number of
stockholders shares
...$2,700,000 Jim Croce Corporation's stockholders' equity at December 31 consists of the following Preferred stock, 8%, 350 par value, 100,000 shares authorized, 15,000 shares issued and outstanding... $750,000 Common stock, 55 par value 600,000 shares authorized, shares issued and shares outstanding Additional paid-in-capital in excess of par-Common........ ..$1,000,000 Retained Earnings ................ $500,000 Treasury Stock.(25,000 shares).............5.200,000 Compute the number of common shares issued: O A. 60,000 B. 1,140,000 C. 540,000 D.600,000 QUESTION 13 $2,700,000 Jim...
1 Problems General Journal Debit 299,000 Credit Common Stock, $25 Par Value Paid In Capital in Excess of Par Value, Common Stock 215,000 55,000 Organization Expenses Common Stock, $25 Par Value Paid-In Capital in Excess of Par Value, Common Stock 170,000 128,000 42,00 Cash Accounts Receivable Building Notes Payable Common Stock, $25 Par Value Paldin Capital in Excess of Par Value, Common Stock 45,500 17.500 32,700 59,800 55,90 30,000 d. Cash C ostock, 525 Par Value Paldin Capital in Excess...
Common stock-$10 par value, 80,000 shares authorized, issued, and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 800,000 256,000 928,000 $1,984,000 1. Prepare Journal entries to record the following transactions for Sherman Systems. a. Purchased 5,800 shares of its own common stock at $33 per share on October 11. b. Sold 1,200 treasury shares on November 1 for $39 cash per share. c. Sold all remaining treasury shares on November 25 for...
31, Stockholders Equity: Preferred stock ($50 par) Common stock ($0.10 par) Additional Paid in capital Total paid in capital Retained earnings Treasury stock (5,000 common shares) Total stockholders' equity $500,000 30,000 7,520,000 8,050,000 610,100 (150,000) $8,510,100 1. How many shares of preferred stock have been issued? 2a. How many shares of common stock have been issued? 2b. How many of the common shares are outstanding? 3. If the common shares were issued at $25 per share, at what average price...
Bella Donna
Paid in capital in excess of par?
Please answer promptly and show all work.
Question 2 O out of 0.5 points Bella Donna Company has 100,000 shares of $4 par common stock issued and outstanding as of January 1, 2018. The shares were originally issued for $9 per share. On February 3, 2018, Bella Donna repurchased 3,690 shares at $6 per share for the purposes of retiring them. What will be the balance in Paid in capital in...
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