CRANE CORPORATION | |
Partial Balance Sheet | |
March 31, 2020. | |
Total Shareholders' Equity: | |
Authorized Capital: | |
Paid-in Capital: | |
Common Stock - 87,000 shares outstanding | $1,385,000 |
Retained Earnings ($544,000 - [87,000*$1]) | $457,000 |
Total Shareholders' Equity | $1,842,000 |
CRANE CORPORATION | |
Partial Balance Sheet | |
June 30, 2020. | |
Total Shareholders' Equity: | |
Authorized Capital: | |
Paid-in Capital: | |
Common Stock - 87,000 shares * 3 = 261,000 shares outstanding | $1,385,000 |
Retained Earnings ($544,000 - [87,000*$1]) | $457,000 |
Total Shareholders' Equity | $1,842,000 |
Note: Due to stock split, there is no change in the total amount of common stock as only the number of shares will increase. | |
CRANE CORPORATION | |
Partial Balance Sheet | |
September 30, 2020. | |
Total Shareholders' Equity: | |
Authorized Capital: | |
Paid-in Capital: | |
Common Stock - 261,000 shares * 105/100 = 274,050 shares outstanding - ($1,385,000*105/100) | $1,454,250 |
Retained Earnings ($457,000 - [$1,385,000*5/100]) | $387,750 |
Total Shareholders' Equity | $1,842,000 |
CRANE CORPORATION | |
Partial Balance Sheet | |
December 31, 2020. | |
Total Shareholders' Equity: | |
Authorized Capital: | |
Paid-in Capital: | |
Common Stock - 274,050 shares outstanding | $1,454,250 |
Retained Earnings ($387,750 - [$0.90*274,050 shares] + $393,000) | $534,105 |
Total Shareholders' Equity | $1,988,355 |
Problem 14-03A a-d On January 1, 2020, Crane Corporation had the following stockholders' equity accounts. Common...
Problem 14-03A a-d On January 1, 2020, Crane Corporation had the following stockholders' equity accounts. Common Stock (no par value, 87,000 shares issued and outstanding) Retained Earnings $1,385,000 544,000 During the year, the following transactions occurred. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 3-for-1 stock split. Prior to the split, the market price per share was...
Problem 14-03A a-d On January 1, 2020, Ven Corporation had the following stockholders equity accounts Common Stock (no par value, 90,000 shares issued and outstanding) $1,600,000 Retained Earnings During the year, the following transactions occurred 500,000 Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1 Mar. 1 Pald the dividend declared in February Apr. 1 Announced a 3-for-1 stock split. Priox to the split, the market price per share was...
Problem 14-03A a-d On January 1, 2020, Oriole Corporation had the following stockholders’ equity accounts. Common Stock (no par value, 88,000 shares issued and outstanding) $1,415,000 Retained Earnings 457,000 During the year, the following transactions occurred. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 3-for-1 stock split. Prior to the split, the market price per share was...
Problem 14-03A a-d On January 1, 2020, Sunland Corporation had the following stockholders' equity accounts. Common Stock (no par value, 93,000 shares issued and outstanding) Retained Earnings $1,450,000 476,000 During the year, the following transactions occurred. Feb. 1 Mar. 1 Apr. 1 July 1 31 Dec. 1 31 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February. Announced a 3-for-1 stock split. Prior to the split,...
Problem 14-03A a-d On January 1, 2020, Wildhorse Corporation had the following stockholders' equity accounts. Common Stock (no par value, 89,000 shares issued and outstanding) Retained Earnings $1,430,000 480,000 During the year, the following transactions occurred. Feb. 1 Mar. 1 Apr. 1 July 1 31 Dec. 1 31 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February. Announced a 3-for-1 stock split. Prior to the split,...
please help a-d Problem 14-03A a-d On January 1, 2020, Sheridan Corporation had the following stockholders' equity accounts. Common Stock (no par value, 88,000 shares issued and outstanding) $1,405,000 Retained Earings 529,000 During the year, the following transactions occurred. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Paid the dividend declared in February. Mar. 1 Announced a 3-for-1 stock split. Prior to the split, the market price per share...
Problem 14-03A ad on January 1, 2020, Pharoah Corporation had the following stockholders' equity accounts. Common Stock (no par value, 89,000 shares issued and outstanding) Retained Earnings $1,425,000 517,000 During the year, the following transactions occurred. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February Apr 1 Announced a 3-for-1 stock split. Prior to the split, the market price per share was...
Problem 14-03A a-d On January 1, 2020, Carla Vista Corporation had the following stockholders' equity accounts. Common Stock (no par value, 85,000 shares issued and outstanding) Retained Earnings $1,375,000 541,000 During the year, the following transactions occurred. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 3-for-1 stock split. Prior to the split, the market price per share...
On January 1, 2020, Crane Corporation had the following stockholders' equity accounts. Common Stock ($26 par value, 50,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,300,000 194,000 619,000 During the year, the following transactions occurred. Feb. 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the...
On January 1, 2020, Ven Corporation had the following stockholders’ equity accounts. Common Stock (no par value, 90,000 shares issued and outstanding) $1,600,000 Retained Earnings 500,000 During the year, the following transactions occurred. Feb. 1 Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 3-for-1 stock split. Prior to the split, the market price per share was $36. July 1...