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On February 12, 2019, Addison, Inc. purchased 6,000 shares of Lucas Company at $22 per share...
On February 15, Jewel Company buys 6,300 shares of Marcelo Corp. common stock at $28.70 per...
On February 15, Jewel Company buys 6,300 shares of Marcelo Corp. common stock at $28.70 per share plus a brokerage fee of $480. The stock is classified as available-for-sale securities. This is the company’s first and only investment in available-for-sale securities. On March 15, Marcelo Corp. declares a dividend of $1.22 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November...
On February 15, Jewel Company buys 7,500 shares of Marcelo Corp. common stock at $28.58 per...
On February 15, Jewel Company buys 7,500 shares of Marcelo Corp. common stock at $28.58 per share plus a brokerage fee of $420. The stock is classified as available-for-sale securities. This is the company’s first and only investment in available-for-sale securities. On March 15, Marcelo Corp. declares a dividend of $1.20 per share payable to stockholders of record on April 15. Jewel Company received the dividend on April 15 and ultimately sells half of the Marcelo Corp. stock on November...
Calculator Comparative Earnings per Share Lucas Company reports net income of $5,125 for the year ended...
Calculator Comparative Earnings per Share Lucas Company reports net income of $5,125 for the year ended December 31, 2019, its first year of operations. On January 4, 2019, Lucas issued 9,000 shares of common stock. On August 2, 2019, it issued an additional 3,000 shares of stock, resulting in 12,000 shares outstanding at year-end. During 2020, Lucas earned net income of $16,400. It issued 2,000 additional shares of stock on March 3, 2020, and declared and issued a 2-for-1 stock...
Comparative Earnings per Share Lucas Company reports net income of $2,580 for the year ended December...
Comparative Earnings per Share Lucas Company reports net income of $2,580 for the year ended December 31, 2019, its first year of operations. On January 4, 2019, Lucas issued 9,000 shares of common stock. On August 2, 2019, it issued an additional 4,200 shares of stock, resulting in 13,200 shares outstanding at year-end. During 2020, Lucas earned net income of $18,840. It issued 3,000 additional shares of stock on March 3, 2020, and declared and issued a 2-for-1 stock split...
On September 12, 3,100 shares of Aspen Company are acquired at a price of $40.00 per...
On September 12, 3,100 shares of Aspen Company are acquired at a
price of $40.00 per share plus a $155 brokerage commission. On
October 15, a $1.20-per-share dividend was received on the Aspen
Company stock. On November 10, 1,240.00 shares of the Aspen Company
stock were sold for $34 per share less a $62 brokerage
commission.
When required, round final answers to the nearest dollar. For a
compound transaction, if an amount box does not require an entry,
leave it...
On February 15, Jewel Company buys 7,600 shares of Marcelo Corp. common stock at $28.59 per...
On February 15, Jewel Company buys 7,600 shares of Marcelo Corp. common stock at $28.59 per share plus a brokerage fee of $430. The stock is classified as long-term available-for-sale securities. This is the company's first and only investment in availa ble-for-sale securities. On March 15, Marcelo declares a dividend of $1.21 per share payable to stockholders of record on April 15. Jewel received the dividend on April 15 and ultimately sells half of the Marcelo stock on November 17...
ESTION 9 Jan 1. ABC Company purchased 1,000 shares of Apple Inc. for $40 per share...
ESTION 9 Jan 1. ABC Company purchased 1,000 shares of Apple Inc. for $40 per share plus a brokerage fee of $400. Prepare the journal entry required to record this transaction on the books of ABC Company. Jan 30h, Apple Inc. declared a S0.75 per share dividend. Feb 10th, ABC receive a cheque in payment for the Dividend declared on January 30h.
Here is the problem: On June 22, 2019, Porus Company acquired 2,000 shares of Saul Company...
Here is the problem: On June 22, 2019, Porus Company acquired 2,000 shares of Saul Company $20 par value capital stock at $70 per share plus a broker's commission of $263. On August 3, 2019, Porus Company received a cash dividend of $4.44 per share from Saul Company. On November 4, 2019, Porus sold 100 of these shares at $76 per share, less a broker's commission of $273. On December 1, 2019, Saul Company issued shares comprising a 5% stock...
1. Comparative Earnings per Share Lucas Company reports net income of $2,520 for the year ended...
1. Comparative Earnings per Share Lucas Company reports net income of $2,520 for the year ended December 31, 2019, its first year of operations. On January 4, 2019, Lucas issued 9,000 shares of common stock. On August 2, 2019, it issued an additional 3,600 shares of stock, resulting in 12,600 shares outstanding at year-end. During 2020, Lucas earned net income of $18,120. It issued 3,000 additional shares of stock on March 3, 2020, and declared and issued a 2-for-1 stock...
Crosby purchased 200 shares of Nash, Inc. Common stock on November 13, 2008, for $3,400 and...
Crosby purchased 200 shares of Nash, Inc. Common stock on November 13, 2008, for $3,400 and paid a $200 commission. On December 28, 2008, Crosby received a $2 per share cash dividend from Nash. On June 17, 2009, Nash declares and distributes a 2 for 1 stock split. On August 4, 2009, Crosby purchased an additional 300 shares of Nash, Inc. Common stock for $4,200 plus a $300 commission. On November 22, 2009, Crosby sells 500 shares of Nash, Inc....
On September 12, 3,100 shares of Aspen Company are acquired at a
price of $40.00 per share plus a $155 brokerage commission. On
October 15, a $1.20-per-share dividend was received on the Aspen
Company stock. On November 10, 1,240.00 shares of the Aspen Company
stock were sold for $34 per share less a $62 brokerage
commission.
When required, round final answers to the nearest dollar. For a
compound transaction, if an amount box does not require an entry,
leave it...
On February 15, Jewel Company buys 7,600 shares of Marcelo Corp. common stock at $28.59 per share plus a brokerage fee of $430. The stock is classified as long-term available-for-sale securities. This is the company's first and only investment in availa ble-for-sale securities. On March 15, Marcelo declares a dividend of $1.21 per share payable to stockholders of record on April 15. Jewel received the dividend on April 15 and ultimately sells half of the Marcelo stock on November 17...
ESTION 9 Jan 1. ABC Company purchased 1,000 shares of Apple Inc. for $40 per share plus a brokerage fee of $400. Prepare the journal entry required to record this transaction on the books of ABC Company. Jan 30h, Apple Inc. declared a S0.75 per share dividend. Feb 10th, ABC receive a cheque in payment for the Dividend declared on January 30h.
Here is the problem: On June 22, 2019, Porus Company acquired 2,000 shares of Saul Company $20 par value capital stock at $70 per share plus a broker's commission of $263. On August 3, 2019, Porus Company received a cash dividend of $4.44 per share from Saul Company. On November 4, 2019, Porus sold 100 of these shares at $76 per share, less a broker's commission of $273. On December 1, 2019, Saul Company issued shares comprising a 5% stock...
1. Comparative Earnings per Share Lucas Company reports net income of $2,520 for the year ended December 31, 2019, its first year of operations. On January 4, 2019, Lucas issued 9,000 shares of common stock. On August 2, 2019, it issued an additional 3,600 shares of stock, resulting in 12,600 shares outstanding at year-end. During 2020, Lucas earned net income of $18,120. It issued 3,000 additional shares of stock on March 3, 2020, and declared and issued a 2-for-1 stock...
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