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Exercise 16-20 On January 1, 2017, Culver Industries had stock outstanding as follows. 6% Cumulative preferred...
Exercise 16-20 On January 1, 2017, Pearl Industries had stock outstanding as follows. 6% Cumulative preferred stock, $1...
Exercise 16-20 On January 1, 2017, Pearl Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,900 shares $990,000 Common stock, $10 par value, issued and outstanding 199,000 shares 1,990,000 To acquire the net assets of three smaller companies, Pearl authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown below. Shares Issued Date of Acquisition Company A April 1, 2017 Company B July 1, 2017 Company C...
Exercise 16-20 On January 1, 2017, Cheyenne Industries had stock outstanding as follows. 6% Cumulative preferred...
Exercise 16-20 On January 1, 2017, Cheyenne Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 10,800 shares 100.000 Common stock, $10 par value, issued and outstanding 194,000 shares To acquire the net assets of three smaller companies, Cheyenne authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown below. Date of Aqui Sharested Cm Com .2017 2017 CO On May 14, 2017, Cheyenne realized a $91,200 (before...
On January 1, 2017, Sarasota Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100...
On January 1, 2017, Sarasota Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,300 shares $930,000 Common stock, $10 par value, issued and outstanding 208,000 shares 2,080,000 To acquire the net assets of three smaller companies, Sarasota authorized the issuance of an additional 156,000 common shares. The acquisitions took place as shown below. Date of Acquisition Shares Issued Company A April 1, 2017 50,400 Company B July 1, 2017 76,800 Company C...
On January 1, 2017, Larkspur Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100...
On January 1, 2017, Larkspur Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,900 shares $990,000 Common stock, $10 par value, issued and outstanding 199,000 shares 1,990,000 To acquire the net assets of three smaller companies, Larkspur authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown below. Shares Issued Date of Acquisition Company A April 1, 2017 Company B July 1, 2017 Company C October 1,...
On January 1, 2020, Concord Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100...
On January 1, 2020, Concord Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,300 shares $930,000 Common stock, $10 par value, issued and outstanding 208,000 shares 2,080,000 To acquire the net assets of three smaller companies, Concord authorized the issuance of an additional 156,000 common shares. The acquisitions took place as shown below. Date of Acquisition Shares Issued Company A April 1, 2020 50,400 Company B July 1, 2020 76,800 Company C...
Exercise 16-20 Your answer is partially correct. Try again. On January 1, 2017, Buffalo Industries had stock outstandin...
Exercise 16-20 Your answer is partially correct. Try again. On January 1, 2017, Buffalo Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,900 shares $990,000 Common stock, $10 par value, issued and outstanding 199,000 shares 1,990,000 To acquire the net assets of three smaller companies, Buffalo authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown below. Date of Acquisition Company A April 1, 2017 Company B...
On January 1, 2021, Culver Corp. had 459,000 shares of common stock outstanding. During 2021, it...
On January 1, 2021, Culver Corp. had 459,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 126,000 shares Issued a 10% stock dividend Acquired 101,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 62,000 shares of treasury stock Determine the weighted average number of shares outstanding as of December 31, 2021. The weighted average number of shares...
On January 1, 2018 Tonge Industries had outstanding 660,000 common shares ($1 par) that originally sold for $30 per share, and 9,000 shares of 10% cumulative preferred stock ($100 par), convertible i...
On January 1, 2018 Tonge Industries had outstanding 660,000 common shares ($1 par) that originally sold for $30 per share, and 9,000 shares of 10% cumulative preferred stock ($100 par), convertible into 90,000 common shares. On October 1, 2018, Tonge sold and issued an additional 16,000 shares of common stock at $33. At December 31, 2018, there were 25,000 incentive stock options outstanding, issued in 2017, and exercisable after one year for 25,000 shares of common stock at an exercise...
The stockholders' equity accounts of Culver Corporation on January 1, 2017, were as follows. Preferred Stock...
The stockholders' equity accounts of Culver Corporation on January 1, 2017, were as follows. Preferred Stock (6%, $100 par noncumulative, 4,850 shares authorized) Common Stock ($3 stated value, 316,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (4,850 common shares) $291,000 790,000 14,550 505,600 694,500 38,800 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,700 shares...
Exercise 16-16 On January 1, 2021, Flounder Corp. had 501,000 shares of common stock outstanding. During...
Exercise 16-16 On January 1, 2021, Flounder Corp. had 501,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 126,000 shares Issued a 10% stock dividend Acquired 101,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 57,000 shares of treasury stock Determine the weighted average number of shares outstanding as of December 31, 2021. The weighted average number...
Exercise 16-20 On January 1, 2017, Pearl Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,900 shares $990,000 Common stock, $10 par value, issued and outstanding 199,000 shares 1,990,000 To acquire the net assets of three smaller companies, Pearl authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown below. Shares Issued Date of Acquisition Company A April 1, 2017 Company B July 1, 2017 Company C...
Exercise 16-20 On January 1, 2017, Cheyenne Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 10,800 shares 100.000 Common stock, $10 par value, issued and outstanding 194,000 shares To acquire the net assets of three smaller companies, Cheyenne authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown below. Date of Aqui Sharested Cm Com .2017 2017 CO On May 14, 2017, Cheyenne realized a $91,200 (before...
On January 1, 2017, Larkspur Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,900 shares $990,000 Common stock, $10 par value, issued and outstanding 199,000 shares 1,990,000 To acquire the net assets of three smaller companies, Larkspur authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown below. Shares Issued Date of Acquisition Company A April 1, 2017 Company B July 1, 2017 Company C October 1,...
Exercise 16-20 Your answer is partially correct. Try again. On January 1, 2017, Buffalo Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,900 shares $990,000 Common stock, $10 par value, issued and outstanding 199,000 shares 1,990,000 To acquire the net assets of three smaller companies, Buffalo authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown below. Date of Acquisition Company A April 1, 2017 Company B...
On January 1, 2021, Culver Corp. had 459,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 126,000 shares Issued a 10% stock dividend Acquired 101,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 62,000 shares of treasury stock Determine the weighted average number of shares outstanding as of December 31, 2021. The weighted average number of shares...
On January 1, 2018 Tonge Industries had outstanding 660,000 common shares ($1 par) that originally sold for $30 per share, and 9,000 shares of 10% cumulative preferred stock ($100 par), convertible into 90,000 common shares. On October 1, 2018, Tonge sold and issued an additional 16,000 shares of common stock at $33. At December 31, 2018, there were 25,000 incentive stock options outstanding, issued in 2017, and exercisable after one year for 25,000 shares of common stock at an exercise...
The stockholders' equity accounts of Culver Corporation on January 1, 2017, were as follows. Preferred Stock (6%, $100 par noncumulative, 4,850 shares authorized) Common Stock ($3 stated value, 316,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (4,850 common shares) $291,000 790,000 14,550 505,600 694,500 38,800 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,700 shares...
Exercise 16-16 On January 1, 2021, Flounder Corp. had 501,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 126,000 shares Issued a 10% stock dividend Acquired 101,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 57,000 shares of treasury stock Determine the weighted average number of shares outstanding as of December 31, 2021. The weighted average number...
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