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Exercise 14-09 Oriole Company reported retained earnings at December 31, 2019, of $318,500. Oriole had 194,000...
Exercise 14-09 Sunland Company reported retained earnings at December 31, 2019, of $312,500. Sunland had 210,000...
Exercise 14-09 Sunland Company reported retained earnings at December 31, 2019, of $312,500. Sunland had 210,000 shares of common stock outstanding at the beginning of 2020. The following transactions occurred during 2020. 1. A cash dividend of $0.50 per share was declared and paid. 2. A 5% stock dividend was declared and distributed when the market price per share was $15 per share. 3. Net income was $282,000. Compute the ending balance in retained earnings at the end of 2020....
C ignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 14-09 Wildhorse Company reported retained earnings...
C ignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 14-09 Wildhorse Company reported retained earnings at December 31, 2019, of $318,500. Wildhorse had 198,500 shares of common stock outstanding at the beginning of 2020. The Fonowing transactions occurred during 2020 1. A cash dividend of $0.70 per share was declared and paid. 2. A 10% stock dividend was declared and distributed when the market price per share was 14 per share. 3. Net income was $283,000. Compute the ending...
Cullumber Company reported retained earnings at December 31, 2019, of $307,000. Cullumber had 190,000 shares of...
Cullumber Company reported retained earnings at December 31, 2019, of $307,000. Cullumber had 190,000 shares of common stock outstanding at the beginning of 2020. The following transactions occurred during 2020. 1. A cash dividend of $0.35 per share was declared and paid. 2. 3. Net income was $288,000. Compute the ending balance in retained earnings at the end of 2020. A 10% stock dividend was declared and distributed when the market price per share was $13 per share. Retained earnings...
Blossom Company reported retained earnings at December 31, 2019, of $301,000. Blossom had 210,000 shares of...
Blossom Company reported retained earnings at December 31, 2019, of $301,000. Blossom had 210,000 shares of common stock outstanding at the beginning of 2020. The following transactions occurred during 2020. 1. A cash dividend of $0.60 per share was declared and paid. 2. A 5% stock dividend was declared and distributed when the market price per share was $19 per share. 3. Net income was $284,000. Compute the ending balance in retained earnings at the end of 2020. Retained earnings...
Sheridan Company reported retained earnings at December 31,2019, of $ 307,500
Exercise 14 -09Sheridan Company reported retained earnings at December 31,2019, of $ 307,500. Sheridan had 203,500 shares of common stock outstanding at the beginning of 2020 . The following transactions occurred during 2020 .1. A cash dividend of $ 0.60 per share was declared and paid.2. A 5 % stock dividend was declared and distributed when the market price per share was $ 13 per share.3. Net income was $ 289,000.Compute the ending balance in retained earnings at the end...
Exercise 11-18 Blue Spruce Corp, reported retained earnings at December 31, 2019, of $319,500. Blue Spruce...
Exercise 11-18 Blue Spruce Corp, reported retained earnings at December 31, 2019, of $319,500. Blue Spruce had 194,500 shares of common stock outstanding at the beginning of 2020. The following transactions occurred during 2020 1. A cash dividend of $0.50 per share was declared and paid. 2. A 10% stock dividend was declared and distributed when the market price per share was $19 per share. 3. Net income was $281,000. Compute the ending balance in retained earings at the end...
Newland Company reported retained earnings at December 31, 2016, of $310,000. Newland had 200,000 shares of...
Newland Company reported retained earnings at December 31, 2016, of $310,000. Newland had 200,000 shares of common stock outstanding at the beginning of 2017. The following transactions occurred during 2017. 1. An error was discovered. In 2015, depreciation expense was recorded at $70,000, but the correct amount was $50,000. 2. A cash dividend of $0.5 per share was declared and paid. 3. A 5% stock dividend was declared and distributed when the market price per share was $15 per share....
CALCULATOR PINTER Exercise 14-08 On January 1, 2020, Oriole Corporation had retained earnings of $534,000. During t...
CALCULATOR PINTER Exercise 14-08 On January 1, 2020, Oriole Corporation had retained earnings of $534,000. During the year, Oriole had the following selected transactions 1. Declared cash dividends $114,000. 2. Corrected overstatement of 2019 net income because of inventory error $37,000. 3. Earned net income $342,000. 4. Declared stock dividends $57,000. Determine the retained earnings balance at the end of the year. Retained earnings Click if you would like to Show Work for this question: Open Show Works LINK TO...
Oriole Company reported the following amounts in the stockholders' equity section of its December 31, 2019,...
Oriole Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 9%, $100 par (10,000 shares authorized, 2,000 shares issued) $200,000 Common stock, $5 par (102,000 shares authorized, 20,400 shares issued) 102,000 Additional paid-in capital 120,000 Retained earnings 495,000 Total $917,000 During 2020, Oriole took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 $9 per share dividend on preferred stock and a $2 per share dividend...
- 1.30 y Practice Assignment Gradebook . c ORION Downloadable Textbook Assignment RCES Brief Exercise 14-03...
- 1.30 y Practice Assignment Gradebook . c ORION Downloadable Textbook Assignment RCES Brief Exercise 14-03 Crane Corporation has 51,500 shares of $11 par value common stock outstanding. It dedans 15% stock dividend on December when the market price per shares 17 The dividend shares are issued on December Prepare the entries for the declaration and sunce of the stock dividend. (ecord journal s in the order presented the proc e se utomatically indented when amontntered. Do not indenta lly...
Exercise 14-09 Sunland Company reported retained earnings at December 31, 2019, of $312,500. Sunland had 210,000 shares of common stock outstanding at the beginning of 2020. The following transactions occurred during 2020. 1. A cash dividend of $0.50 per share was declared and paid. 2. A 5% stock dividend was declared and distributed when the market price per share was $15 per share. 3. Net income was $282,000. Compute the ending balance in retained earnings at the end of 2020....
C ignment CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Exercise 14-09 Wildhorse Company reported retained earnings at December 31, 2019, of $318,500. Wildhorse had 198,500 shares of common stock outstanding at the beginning of 2020. The Fonowing transactions occurred during 2020 1. A cash dividend of $0.70 per share was declared and paid. 2. A 10% stock dividend was declared and distributed when the market price per share was 14 per share. 3. Net income was $283,000. Compute the ending...
Cullumber Company reported retained earnings at December 31, 2019, of $307,000. Cullumber had 190,000 shares of common stock outstanding at the beginning of 2020. The following transactions occurred during 2020. 1. A cash dividend of $0.35 per share was declared and paid. 2. 3. Net income was $288,000. Compute the ending balance in retained earnings at the end of 2020. A 10% stock dividend was declared and distributed when the market price per share was $13 per share. Retained earnings...
Exercise 11-18 Blue Spruce Corp, reported retained earnings at December 31, 2019, of $319,500. Blue Spruce had 194,500 shares of common stock outstanding at the beginning of 2020. The following transactions occurred during 2020 1. A cash dividend of $0.50 per share was declared and paid. 2. A 10% stock dividend was declared and distributed when the market price per share was $19 per share. 3. Net income was $281,000. Compute the ending balance in retained earings at the end...
CALCULATOR PINTER Exercise 14-08 On January 1, 2020, Oriole Corporation had retained earnings of $534,000. During the year, Oriole had the following selected transactions 1. Declared cash dividends $114,000. 2. Corrected overstatement of 2019 net income because of inventory error $37,000. 3. Earned net income $342,000. 4. Declared stock dividends $57,000. Determine the retained earnings balance at the end of the year. Retained earnings Click if you would like to Show Work for this question: Open Show Works LINK TO...
Oriole Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 9%, $100 par (10,000 shares authorized, 2,000 shares issued) $200,000 Common stock, $5 par (102,000 shares authorized, 20,400 shares issued) 102,000 Additional paid-in capital 120,000 Retained earnings 495,000 Total $917,000 During 2020, Oriole took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 $9 per share dividend on preferred stock and a $2 per share dividend...
- 1.30 y Practice Assignment Gradebook . c ORION Downloadable Textbook Assignment RCES Brief Exercise 14-03 Crane Corporation has 51,500 shares of $11 par value common stock outstanding. It dedans 15% stock dividend on December when the market price per shares 17 The dividend shares are issued on December Prepare the entries for the declaration and sunce of the stock dividend. (ecord journal s in the order presented the proc e se utomatically indented when amontntered. Do not indenta lly...
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