Homework Answers
| Stock dividend | 60,000*18% | 10800 | shares | ||||
| common stock | 10,800*10= | 108000 | |||||
| paid in capital in excess of par 10800*4= | 43200 | ||||||
| total | 151200 | ||||||
| Common stock | 708000 | ||||||
| paid in capital in excess of par | 223200 | ||||||
| retained earnings | 48800 | ||||||
| total stockholder's equity | 980000 | ||||||
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Question 14 View Policies Current Attempt in Progress On November 1, 2020, Nixon Corporation's stockholders' equity...
On November 1, 2017, Nixon Corporation's stockholders' equity section is as follows: Common stock, $10 par...
On November 1, 2017, Nixon Corporation's stockholders' equity section is as follows: Common stock, $10 par value Paid-in capital in excess of par $600,000 Retained earnings 200,000 Total stockholders' equity $980.000 180.000 On November 1, Nixon declares and distributes an 18% stock dividend when the market value of the stock is $14 per share. Instructions Indicate the balances in the stockholders' equity accounts after the stock dividend has been distributed
Question 9 --/1 View Policies Current Attempt in Progress The stockholders' equity section of Sunland Corporation...
Question 9 --/1 View Policies Current Attempt in Progress The stockholders' equity section of Sunland Corporation consists of common stock ($10 par) $2,500,000 and retained earnings $529,000. A 10% stock dividend (25,000 shares) is declared when the market price per share is $14. Show the before-and-after effects of the dividend on the following. (a) The components of stockholders' equity. (b) Shares outstanding. (c) Par value per share. Before Dividend After Dividend Stockholders' equity $ Outstanding shares Par value per share...
View Policies Current Attempt in Progress Ivanhoe Corporation's adjusted trial balance contained the following accounts at...
View Policies Current Attempt in Progress Ivanhoe Corporation's adjusted trial balance contained the following accounts at December 31, 2020: Retained Earnings $120,900, Common Stock $759.300, Bonds Payable $103,500, Paid-in Capital in Excess of Par-Common Stock $209,500, Goodwill $60,600, Accumulated Other Comprehensive Loss $157,300, and Noncontrolling Interest $34,600. Prepare the stockholders' equity section of the balance sheet. IVANHOE CORPORATION Balance Sheet (Partial) For the Year Ended December 31, 2020 Current Assets Common Stock Paid-in-Capital in Excess of Par-Common Stock Retained Earnings...
Question 5 View Policies Current Attempt in Progress On October 31, the stockholders' equity section of...
Question 5 View Policies Current Attempt in Progress On October 31, the stockholders' equity section of Blossom Company's balance sheet consists of common stock $320,000 and retained earnings $390,000. Blossom is considering the following two courses of action: (1) Declaring a 5% stock dividend on the 80,000 $4 par value shares outstanding Effecting a 2-for-1 stock spliț that will reduce par value to $2 per share. (2) The current market price is $13 per share. Prepare a tabular summary of...
View Policies Current Attempt in Progress The stockholders' equity section of Lemay Corporation shows the following...
View Policies Current Attempt in Progress The stockholders' equity section of Lemay Corporation shows the following on December 31, 2018: Preferred stock-5%, $100 par, 5,100 shares outstanding $510,000 Common stock-$10 par, 62,000 shares outstanding 620,000 Paid-in capital in excess of par 200,000 Retained earnings 104,600 Total stockholders' equity $1,434,600 Assuming that all of the company's retained earnings are to be paid out in dividends on 12/31/18 and that preferred dividends were last paid on 12/31/16, show how much the preferred...
Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Cullumber Corporation's stockholders' equity is as...
Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Cullumber Corporation's stockholders' equity is as follows. Common stock, $5 par value Paid-in capital in excess of par-common stock Retained earnings $376,000 28,000 154,000 $558,000 Total stockholders' equity On October 1, Cullum ber declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. ▼ (a) Your answer is incorrect. Try again Compute the par value per share (1) before the stock dividend...
Question 2 View Policies Current Attempt in Progress The stockholders' equity section of Bridgeport Corp's balance...
Question 2 View Policies Current Attempt in Progress The stockholders' equity section of Bridgeport Corp's balance sheet consists of common stock ($8 par) $1,096,000 and retained earnings $450,000. A 15% stock dividend (20,550 shares) is declared when the market price per share is $17. (a) Show the before-and-after effects of the dividend on the components of stockholders' equity. Before Dividend After Dividend Stockholders' Equity Paid-in Capital Common Stock (b) Show the before-and-after effects of the dividend on the shares outstanding....
On October 1, Blossom Corporation's stockholders' equity is as follows. Common stock, $5 par value Paid-in...
On October 1, Blossom Corporation's stockholders' equity is as follows. Common stock, $5 par value Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $380,500 27,000 163,000 $570,500 On October 1, Blossom declares and distributes a 10% stock dividend when the market price of the stock is $15 per share. (a) Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. Par value before the stock dividend $ $ $...
Question 6 View Policies Current Attempt in Progress The stockholders' equity accounts of Blue Spruce Corp....
Question 6 View Policies Current Attempt in Progress The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2017, were as follows. Preferred Stock (8%, $100 par noncumulative, 4,300 shares authorized) $258,000 Common Stock ($3 stated value, 341,000 shares authorized) 852,500 Pald-in Capital in Excess of Par Value--Preferred Stock 12.900 Paid-in Capital in Excess of Stated Value-Common Stock 545,600 Retained Earnings 687,500 Treasury Stock (4,300 common shares) 34.400 During 2017, the corporation had the following transactions and events pertaining...
COURCES Exercise 14-5 (Part Level Submission) On October 1, Little Bobby Corporation's stockholders' equity is as...
COURCES Exercise 14-5 (Part Level Submission) On October 1, Little Bobby Corporation's stockholders' equity is as follows. Common stock, $5 par value $383,500 Paid-in capital in excess of par-common stock 25,000 Retained earnings 169,000 Total stockholders' equity $577,500 Part On October 1, Little Bobby declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) Study Your answer is correct. Compute the par value per share (1) before the stock dividend and...
On November 1, 2017, Nixon Corporation's stockholders' equity section is as follows: Common stock, $10 par value Paid-in capital in excess of par $600,000 Retained earnings 200,000 Total stockholders' equity $980.000 180.000 On November 1, Nixon declares and distributes an 18% stock dividend when the market value of the stock is $14 per share. Instructions Indicate the balances in the stockholders' equity accounts after the stock dividend has been distributed
Question 9 --/1 View Policies Current Attempt in Progress The stockholders' equity section of Sunland Corporation consists of common stock ($10 par) $2,500,000 and retained earnings $529,000. A 10% stock dividend (25,000 shares) is declared when the market price per share is $14. Show the before-and-after effects of the dividend on the following. (a) The components of stockholders' equity. (b) Shares outstanding. (c) Par value per share. Before Dividend After Dividend Stockholders' equity $ Outstanding shares Par value per share...
View Policies Current Attempt in Progress Ivanhoe Corporation's adjusted trial balance contained the following accounts at December 31, 2020: Retained Earnings $120,900, Common Stock $759.300, Bonds Payable $103,500, Paid-in Capital in Excess of Par-Common Stock $209,500, Goodwill $60,600, Accumulated Other Comprehensive Loss $157,300, and Noncontrolling Interest $34,600. Prepare the stockholders' equity section of the balance sheet. IVANHOE CORPORATION Balance Sheet (Partial) For the Year Ended December 31, 2020 Current Assets Common Stock Paid-in-Capital in Excess of Par-Common Stock Retained Earnings...
Question 5 View Policies Current Attempt in Progress On October 31, the stockholders' equity section of Blossom Company's balance sheet consists of common stock $320,000 and retained earnings $390,000. Blossom is considering the following two courses of action: (1) Declaring a 5% stock dividend on the 80,000 $4 par value shares outstanding Effecting a 2-for-1 stock spliț that will reduce par value to $2 per share. (2) The current market price is $13 per share. Prepare a tabular summary of...
View Policies Current Attempt in Progress The stockholders' equity section of Lemay Corporation shows the following on December 31, 2018: Preferred stock-5%, $100 par, 5,100 shares outstanding $510,000 Common stock-$10 par, 62,000 shares outstanding 620,000 Paid-in capital in excess of par 200,000 Retained earnings 104,600 Total stockholders' equity $1,434,600 Assuming that all of the company's retained earnings are to be paid out in dividends on 12/31/18 and that preferred dividends were last paid on 12/31/16, show how much the preferred...
Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Cullumber Corporation's stockholders' equity is as follows. Common stock, $5 par value Paid-in capital in excess of par-common stock Retained earnings $376,000 28,000 154,000 $558,000 Total stockholders' equity On October 1, Cullum ber declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. ▼ (a) Your answer is incorrect. Try again Compute the par value per share (1) before the stock dividend...
Question 2 View Policies Current Attempt in Progress The stockholders' equity section of Bridgeport Corp's balance sheet consists of common stock ($8 par) $1,096,000 and retained earnings $450,000. A 15% stock dividend (20,550 shares) is declared when the market price per share is $17. (a) Show the before-and-after effects of the dividend on the components of stockholders' equity. Before Dividend After Dividend Stockholders' Equity Paid-in Capital Common Stock (b) Show the before-and-after effects of the dividend on the shares outstanding....
On October 1, Blossom Corporation's stockholders' equity is as follows. Common stock, $5 par value Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $380,500 27,000 163,000 $570,500 On October 1, Blossom declares and distributes a 10% stock dividend when the market price of the stock is $15 per share. (a) Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. Par value before the stock dividend $ $ $...
Question 6 View Policies Current Attempt in Progress The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2017, were as follows. Preferred Stock (8%, $100 par noncumulative, 4,300 shares authorized) $258,000 Common Stock ($3 stated value, 341,000 shares authorized) 852,500 Pald-in Capital in Excess of Par Value--Preferred Stock 12.900 Paid-in Capital in Excess of Stated Value-Common Stock 545,600 Retained Earnings 687,500 Treasury Stock (4,300 common shares) 34.400 During 2017, the corporation had the following transactions and events pertaining...
COURCES Exercise 14-5 (Part Level Submission) On October 1, Little Bobby Corporation's stockholders' equity is as follows. Common stock, $5 par value $383,500 Paid-in capital in excess of par-common stock 25,000 Retained earnings 169,000 Total stockholders' equity $577,500 Part On October 1, Little Bobby declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) Study Your answer is correct. Compute the par value per share (1) before the stock dividend and...
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