Corporation reported stockholders' equity on Dec 31 of the prior year as follows: Common stock, $5...
Corporation reported stockholders' equity on Dec 31 of the prior year as follows:
Common stock, $5 par value, 1,000,000 shares $2,500,000 authorized, 500,000 shares issued ----- 2,5000,000
Paid-in capital in excess of par, common stock ----1,000,000
Retained earnings-------3,000,000
The following selected transactions occurred during the current year:
Feb. 15 The board of directors declared a 7% stock dividend to stockholders of record on March 1, payable March 20. The stock was selling for $8 per share.
Mar. 9 Distributed the stock dividend.
May 1 A cash dividend of $0.50 per share was declared by the board of directors to stockholders of record on May 20, payable June 1.
June 1 Paid the cash dividend. Aug. 20 The board decided to split the stock 3-for-1, effective on September 1.
Sept. 1 Stock split 3-for-1.
Dec. 31 Earned a net income of $900,000 for the current year.
Prepare a statement of retained earnings as of Dec 31 of the
current year
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Corporation reported stockholders' equity on Dec 31 of the prior
year as follows:
Common stock, $5...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2016: Common stock—$25 par...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2016: Common stock—$25 par value, 100,000 shares authorized, 40,000 shares issued and outstanding $ 1,000,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 460,000 Total stockholders' equity $ 1,540,000 In year 2017, the following transactions affected its stockholders’ equity accounts. Jan. 1 Purchased 5,000 shares of its own stock at $20 cash per share. Jan. 5 Directors declared a $2 per share cash dividend...
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$20 par...
Kohler Corporation reports the following components of
stockholders’ equity at December 31, 2018.
Common stock—$20 par value, 100,000 shares authorized,
50,000 shares issued and outstanding
$
1,000,000
Paid-in capital in excess of par value, common stock
60,000
Retained earnings
430,000
Total stockholders' equity
$
1,490,000
During 2019, the following transactions affected its stockholders’
equity accounts.
Jan.
2
Purchased 5,500 shares of its own stock at $15 cash per
share.
Jan.
5
Directors declared a $6 per share cash dividend payable...
The stockholders' equity of Embassy Corporation at December 31, 2017, is shown as follows. Stockholders' equity:...
The stockholders' equity of Embassy Corporation at December 31, 2017, is shown as follows. Stockholders' equity: Common stock, $10 par, 100,000 shares authorized, 40,000 shares issued and outstanding. $ 400,000 Additional paid-in capital: common stock 200,000 Total paid-in capital........... $ 600,000 Retained earnings ............ 1,700,000 Total stockholders' equity... $2,300,000 .... Transactions affecting stockholders' equity during 2018 are as follows. Mar.31 A 5-for-4 stock split proposed by the board of directors was approved by vote of the stockholders. The 10.000 new...
On January 1, 2020, Blossom Corporation had the following stockholders’ equity accounts.
On January 1, 2020, Blossom Corporation had the following stockholders’ equity accounts.Common Stock ($20 par value, 50,000 shares issued and outstanding)$1,000,000Paid-in Capital in Excess of Par—Common Stock190,000Retained Earnings550,000During the year, the following transactions occurred.Feb. 1Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1.Mar. 1Paid the dividend declared in February.Apr. 1Announced a 2-for-1 stock split. Prior to the split, the market price per share was $35.July 1Declared a 10% stock dividend to stockholders...
Kohler Corporation reports the following components of stockholders' equity on December 31, 2017 Common stock-$25...
Kohler Corporation reports the following components of stockholders' equity on December 31, 2017 Common stock-$25 par value, 1ee,eee shares authorized, 55,e00 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,375, eee 7e, eee 400,e00 $1,845,000 In year 2018, the following transactions affected its stockholders' equity accounts. 1 Purchased 4,500 shares of its Own stock at $20 cash per share. 5 Directors declared a $4 per share cash dividend payable on...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 Common stock-$20 par...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 Common stock-$20 par value, 1ee, eee shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders equity $ 8ee,000 8e,000 400,e00 $1,280,000 Book rint During 2019, the following transactions affected its stockholders' equity accounts. rences 2 Purchased 5,000 shares of its own stock at $25 cash per share. 5 Directors declared a $2 per share cash dividend...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2017. Common stock—$15...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2017. Common stock—$15 par value, 100,000 shares authorized, 45,000 shares issued and outstanding $ 675,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 430,000 Total stockholders' equity $ 1,185,000 In year 2018, the following transactions affected its stockholders’ equity accounts. Jan. 1 Purchased 6,000 shares of its own stock at $20 cash per share. Jan. 5 Directors declared a $2 per share cash dividend...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2016: Common stock—$20 par...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2016: Common stock—$20 par value, 100,000 shares authorized, 55,000 shares issued and outstanding $ 1,100,000 Paid-in capital in excess of par value, common stock 70,000 Retained earnings 430,000 Total stockholders' equity $ 1,600,000 In year 2017, the following transactions affected its stockholders’ equity accounts. Jan. 1 Purchased 4,000 shares of its own stock at $20 cash per share. Jan. 5 Directors declared a $4 per share cash dividend...
On January 1, 2020, Wildhorse Corporation had the following stockholders’ equity accounts. Common Stock ($22 par...
On January 1, 2020, Wildhorse Corporation had the following stockholders’ equity accounts. Common Stock ($22 par value, 54,000 shares issued and outstanding) $1,188,000 Paid-in Capital in Excess of Par—Common Stock 199,000 Retained Earnings 626,000 During the year, the following transactions occurred. Feb. 1 Declared a $3 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...
Kohler Corporation reports the following components of stockholders' equity on December 31, 2017 Common stock-$15 par...
Kohler Corporation reports the following components of stockholders' equity on December 31, 2017 Common stock-$15 par value, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 675, eee 70, eee 370 eee $1,115, eee In year 2018, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 5,500 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a 54 per...
Kohler Corporation reports the following components of
stockholders’ equity at December 31, 2018.
Common stock—$20 par value, 100,000 shares authorized,
50,000 shares issued and outstanding
$
1,000,000
Paid-in capital in excess of par value, common stock
60,000
Retained earnings
430,000
Total stockholders' equity
$
1,490,000
During 2019, the following transactions affected its stockholders’
equity accounts.
Jan.
2
Purchased 5,500 shares of its own stock at $15 cash per
share.
Jan.
5
Directors declared a $6 per share cash dividend payable...
The stockholders' equity of Embassy Corporation at December 31, 2017, is shown as follows. Stockholders' equity: Common stock, $10 par, 100,000 shares authorized, 40,000 shares issued and outstanding. $ 400,000 Additional paid-in capital: common stock 200,000 Total paid-in capital........... $ 600,000 Retained earnings ............ 1,700,000 Total stockholders' equity... $2,300,000 .... Transactions affecting stockholders' equity during 2018 are as follows. Mar.31 A 5-for-4 stock split proposed by the board of directors was approved by vote of the stockholders. The 10.000 new...
Kohler Corporation reports the following components of stockholders' equity on December 31, 2017 Common stock-$25 par value, 1ee,eee shares authorized, 55,e00 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $1,375, eee 7e, eee 400,e00 $1,845,000 In year 2018, the following transactions affected its stockholders' equity accounts. 1 Purchased 4,500 shares of its Own stock at $20 cash per share. 5 Directors declared a $4 per share cash dividend payable on...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 Common stock-$20 par value, 1ee, eee shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders equity $ 8ee,000 8e,000 400,e00 $1,280,000 Book rint During 2019, the following transactions affected its stockholders' equity accounts. rences 2 Purchased 5,000 shares of its own stock at $25 cash per share. 5 Directors declared a $2 per share cash dividend...
Kohler Corporation reports the following components of stockholders' equity on December 31, 2017 Common stock-$15 par value, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 675, eee 70, eee 370 eee $1,115, eee In year 2018, the following transactions affected its stockholders' equity accounts. Jan. 1 Purchased 5,500 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a 54 per...
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