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The following account balances relate to the stockholders’
equity accounts of Kerbs Corp. at year-end.
2020
2019
Common stock, 10,500 and 10,000 shares,
respectively, for 2020 and 2019
$157,600
$141,100
Preferred stock, 5,000 shares
106,000
106,000
Retained earnings
301,700
245,200
A small stock dividend was declared and issued in 2020. The result
of the stock dividend was to decrease retained earnings by $11,500
and increase common stock by $11,500. Cash dividends were $15,100
in both 2020 and 2019. The common...
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Question 3 The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. 2020 2019 Common stock, 10,500 and 10,000 shares, respectively, for 2020 and 2019 Preferred stock, 5,000 shares Retained earnings $157,800 129,800 302,300 $130,700 129,800 248,000 A small stock dividend was declared and issued in 2020. The result of the stock dividend was to decrease retained earnings by $10,800 and increase common stock by $10,800. Cash dividends were $15,700 in both 2020 and 2019....
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Question 3 The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. 2020 2019 Common stock, 10,500 and 10,000 shares, respectively, for 2020 and 2019 Preferred stock, 5,000 shares Retained earnings $157,800 129,800 302,300 $130,700 129,800 248,000 A small stock dividend was declared and issued in 2020. The result of the stock dividend was to decrease retained earnings by $10,800 and increase common stock by $10,800. Cash dividends were $15,700 in both 2020 and 2019....
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Question 3 The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. 2020 2019 Common stock, 10,500 and 10,000 shares, $157,800 $130,700 respectively, for 2020 and 2019 Preferred stock, 5,000 shares 129,800 129,800 Retained earnings 302,300 248,000 A small stock dividend was declared and issued in 2020. The result of the stock dividend was to decrease retained earnings by $10,800 and increase common stock by $10,800. Cash dividends were $15,700 in both 2020 and 2019....
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Problem 13-2A (Part Level Submission) The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. 2017 2016 Common stock, 10,500 and 10,000 shares, respectively, for 2017 and 2016 Preferred stock, 5,000 shares Retained earnings $159,000 $135,100 119,600 119,600 99,500 253,100 A small stock dividend was declared and issued in 2017. The market value of the shares was $10,700. Cash dividends were $15,000 in both 2017 and 2016. The common stock has no par or stated...
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The following account balances relate to the stockholders' equity accounts of Sheffield Corp. at year-end. 2017 2016 Common stock, 11, 110 and 10,610 shares, respectively, for 2017 and 2016 $153,650 $132,850 Preferred stock, 5,050 shares 136,350 136,350 Retained earnings 322,310 272,200 A small stock dividend was declared and issued in 2017. The market price of the shares was $7,920. Cash dividends were $19,970 in both 2017 and 2016. The common stock has no par or stated value x Your answer...
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Problem 12-02A The following account balances relate to the stockholders' equity accounts of Blue Spruce Corp. at year-end. 2022 2021 Common stock, 10,720 and 10,220 shares, respectively, for 2022 and 2021 Preferred stock, 5,010 shares Retained earnings $175,660 125,250 307,120 $154,860 125,250 244,240 A small stock dividend was declared and issued in 2022. The market price of the shares was $9,320. Cash dividends were $19,230 in both 2022 and 2021. The common stock has no par or stated value. x...
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Problem 12-02A The following account balances relate to the stockholders' equity accounts of Waterway Industries at year-end. 2022 2021 Common stock, 9,500 and 9,000 shares, respectively, for 2022 and 2021 Preferred stock, 4,680 shares Retained earnings $150,450 126,360 273,450 $129,650 126,360 284,100 A small stock dividend was declared and issued in 2022. The market price of the shares was $8,710. Cash dividends were $21,430 in both 2022 and 2021. The common stock has no par or stated value. What was...
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Problem 12-02A
The following account balances relate to the stockholders’ equity
accounts of Wildhorse Co. at year-end.
2022
2021
Common stock, 11,270 and 10,770 shares,
respectively, for 2022 and 2021
$151,610
$130,810
Preferred stock, 4,890 shares
117,360
117,360
Retained earnings
324,360
270,360
A small stock dividend was declared and issued in 2022. The market
price of the shares was $8,330. Cash dividends were $20,320 in both
2022 and 2021. The common stock has no par or stated value.
What was...
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Problem 11-02A The stockholders' equity accounts of Monty Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 11,500 shares authorized) Common Stock ($4 stated value, 690,000 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 (11,500 common shares) $690,000 2,300,000 34,500 1,104,000 1,582,400 92,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued...
The following account balances relate to the stockholders’
equity accounts of Kerbs Corp. at year-end.
2020
2019
Common stock, 10,500 and 10,000 shares,
respectively, for 2020 and 2019
$157,600
$141,100
Preferred stock, 5,000 shares
106,000
106,000
Retained earnings
301,700
245,200
A small stock dividend was declared and issued in 2020. The result
of the stock dividend was to decrease retained earnings by $11,500
and increase common stock by $11,500. Cash dividends were $15,100
in both 2020 and 2019. The common...
Question 3 The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. 2020 2019 Common stock, 10,500 and 10,000 shares, respectively, for 2020 and 2019 Preferred stock, 5,000 shares Retained earnings $157,800 129,800 302,300 $130,700 129,800 248,000 A small stock dividend was declared and issued in 2020. The result of the stock dividend was to decrease retained earnings by $10,800 and increase common stock by $10,800. Cash dividends were $15,700 in both 2020 and 2019....
Question 3 The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. 2020 2019 Common stock, 10,500 and 10,000 shares, respectively, for 2020 and 2019 Preferred stock, 5,000 shares Retained earnings $157,800 129,800 302,300 $130,700 129,800 248,000 A small stock dividend was declared and issued in 2020. The result of the stock dividend was to decrease retained earnings by $10,800 and increase common stock by $10,800. Cash dividends were $15,700 in both 2020 and 2019....
Question 3 The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. 2020 2019 Common stock, 10,500 and 10,000 shares, $157,800 $130,700 respectively, for 2020 and 2019 Preferred stock, 5,000 shares 129,800 129,800 Retained earnings 302,300 248,000 A small stock dividend was declared and issued in 2020. The result of the stock dividend was to decrease retained earnings by $10,800 and increase common stock by $10,800. Cash dividends were $15,700 in both 2020 and 2019....
Problem 13-2A (Part Level Submission) The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. 2017 2016 Common stock, 10,500 and 10,000 shares, respectively, for 2017 and 2016 Preferred stock, 5,000 shares Retained earnings $159,000 $135,100 119,600 119,600 99,500 253,100 A small stock dividend was declared and issued in 2017. The market value of the shares was $10,700. Cash dividends were $15,000 in both 2017 and 2016. The common stock has no par or stated...
The following account balances relate to the stockholders' equity accounts of Sheffield Corp. at year-end. 2017 2016 Common stock, 11, 110 and 10,610 shares, respectively, for 2017 and 2016 $153,650 $132,850 Preferred stock, 5,050 shares 136,350 136,350 Retained earnings 322,310 272,200 A small stock dividend was declared and issued in 2017. The market price of the shares was $7,920. Cash dividends were $19,970 in both 2017 and 2016. The common stock has no par or stated value x Your answer...
Problem 12-02A The following account balances relate to the stockholders' equity accounts of Blue Spruce Corp. at year-end. 2022 2021 Common stock, 10,720 and 10,220 shares, respectively, for 2022 and 2021 Preferred stock, 5,010 shares Retained earnings $175,660 125,250 307,120 $154,860 125,250 244,240 A small stock dividend was declared and issued in 2022. The market price of the shares was $9,320. Cash dividends were $19,230 in both 2022 and 2021. The common stock has no par or stated value. x...
Problem 12-02A The following account balances relate to the stockholders' equity accounts of Waterway Industries at year-end. 2022 2021 Common stock, 9,500 and 9,000 shares, respectively, for 2022 and 2021 Preferred stock, 4,680 shares Retained earnings $150,450 126,360 273,450 $129,650 126,360 284,100 A small stock dividend was declared and issued in 2022. The market price of the shares was $8,710. Cash dividends were $21,430 in both 2022 and 2021. The common stock has no par or stated value. What was...
Problem 12-02A
The following account balances relate to the stockholders’ equity
accounts of Wildhorse Co. at year-end.
2022
2021
Common stock, 11,270 and 10,770 shares,
respectively, for 2022 and 2021
$151,610
$130,810
Preferred stock, 4,890 shares
117,360
117,360
Retained earnings
324,360
270,360
A small stock dividend was declared and issued in 2022. The market
price of the shares was $8,330. Cash dividends were $20,320 in both
2022 and 2021. The common stock has no par or stated value.
What was...
Problem 11-02A The stockholders' equity accounts of Monty Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 11,500 shares authorized) Common Stock ($4 stated value, 690,000 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 (11,500 common shares) $690,000 2,300,000 34,500 1,104,000 1,582,400 92,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued...