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Multiple Choice Question 98 Oriole Company had 803000 shares of common stock outstanding on January 1,...
899000.Crane Company had 790000 shares of common stock outstanding on January 1, issued 121000 shares on...
899000.Crane Company had 790000 shares of common stock
outstanding on January 1, issued 121000 shares on May 1, purchased
60000 shares of treasury stock on September 1, and issued 50000
shares on November 1. The weighted average shares outstanding for
the year is
839000.
859000.
879000.
899000.
On January 1, 2018, Oriole Corp. had 461,000 shares of common stock outstanding. During 2018, it...
On January 1, 2018, Oriole Corp. had 461,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account. February 1 Issued 124,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 104,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 61,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2018. The weighted-average number of shares outstanding:
On January 1, 2018, Oriole Corp. had 461,000 shares of common stock outstanding. During 2018, it...
On January 1, 2018, Oriole Corp. had 461,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account. February 1 Issued 124,000 shares March 1 Issued a 10% stock dividend May 1 Acquired 104,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 61,000 shares of treasury stock The weighted-average number of shares outstanding: 1703650 Assume that Oriole Corp. earned net income of $3,325,000 during 2018. In...
Flint Corporation had 306,000 shares of common stock outstanding on January 1, 2017. On May 1,...
Flint Corporation had 306,000 shares of common stock outstanding on January 1, 2017. On May 1, Flint issued 29,400 shares. (a) Compute the weighted average number of shares outstanding if the 29,400 shares were issued for cash. Weighted average number of shares outstanding 310600 (b) Compute the weighted average number of shares outstanding if the 29,400 shares were issued in a stock dividend. Weighted average number of shares outstanding 310600 Click if you would like to Show Work for this...
On January 1, 2020, Oriole Inc. had the following stockholders' equity balances. Common Stock (595,000 shares...
On January 1, 2020, Oriole Inc. had the following stockholders' equity balances. Common Stock (595,000 shares issued) Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings $1,190,000 530,000 210,000 640,000 During 2020, the following transactions and events occurred. 1. 2. 3. 4. 5. 6. Issued 105,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2021. Issued 52,500 shares of common stock for cash at $4 per...
Multiple Choice Question 144 The purchase of treasury stock has no effect on common stock outstanding....
Multiple Choice Question 144
The purchase of treasury stock
has no effect on common stock outstanding.
decreases common stock authorized.
decreases common stock issued.
decreases common stock outstanding.
Click if you would like to
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restbank Multiple Choice Question 119 Coronado Industries, has 4130000 shares of common stock outstanding on December...
restbank Multiple Choice Question 119 Coronado Industries, has 4130000 shares of common stock outstanding on December 31 on stock outstanding on December 31, 2020. An additional 798000 shares of common stock were issued on April 1 2021, and 406000 more on July 1, 2021. On October 1, 2021, Coronado issued 19600, $1,000 face value, 8% convertible bonds. Each bond is convertible into 20 sha . No bonds were converted into common stock in 2021. What is the number of shares...
Exercise 16-16 On January 1, 2018, Sweet Corp. had 479,000 shares of common stock outstanding. During...
Exercise 16-16 On January 1, 2018, Sweet Corp. had 479,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock count February 1 Issued 117,000 shares March 1 issued a 10% stock dividend May 1 Acquired 103,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 59,000 shares of treasury stock Determine the weighted average number of shares outstanding as of December 31, 2018 The weighted average number...
Exercise 16-16 On January 1, 2018, Cullumber Corp. had 502,000 shares of common stock outstanding. During...
Exercise 16-16 On January 1, 2018, Cullumber Corp. had 502,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 125,000 shares Issued a 10% stock dividend Acquired 98,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 58,000 shares of treasury stock *Your answer is incorrect. Try again. Determine the weighted average number of shares outstanding as of December...
Multiple Choice Question 85 On January 1, Vaughn Corporation had 93000 shares of $10 par value...
Multiple Choice Question 85
On January 1, Vaughn Corporation had 93000 shares of $10 par value
common stock outstanding. On June 17, the company declared a 15%
stock dividend to stockholders of record on June 20. Market value
of the stock was $16 on June 17. The stock was distributed on June
30. The entry to record the transaction of June 30 would include
a
debit to Stock Dividends for $83700.
debit to Common Stock Dividends Distributable for $223200.
credit...
899000.Crane Company had 790000 shares of common stock
outstanding on January 1, issued 121000 shares on May 1, purchased
60000 shares of treasury stock on September 1, and issued 50000
shares on November 1. The weighted average shares outstanding for
the year is
839000.
859000.
879000.
899000.
Flint Corporation had 306,000 shares of common stock outstanding on January 1, 2017. On May 1, Flint issued 29,400 shares. (a) Compute the weighted average number of shares outstanding if the 29,400 shares were issued for cash. Weighted average number of shares outstanding 310600 (b) Compute the weighted average number of shares outstanding if the 29,400 shares were issued in a stock dividend. Weighted average number of shares outstanding 310600 Click if you would like to Show Work for this...
On January 1, 2020, Oriole Inc. had the following stockholders' equity balances. Common Stock (595,000 shares issued) Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings $1,190,000 530,000 210,000 640,000 During 2020, the following transactions and events occurred. 1. 2. 3. 4. 5. 6. Issued 105,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2021. Issued 52,500 shares of common stock for cash at $4 per...
Multiple Choice Question 144
The purchase of treasury stock
has no effect on common stock outstanding.
decreases common stock authorized.
decreases common stock issued.
decreases common stock outstanding.
Click if you would like to
Show Work for this question:
Open Show Work
Question Attempts: 0 of 1 used
SAVE FOR LATER
SUBMIT ANSWER
restbank Multiple Choice Question 119 Coronado Industries, has 4130000 shares of common stock outstanding on December 31 on stock outstanding on December 31, 2020. An additional 798000 shares of common stock were issued on April 1 2021, and 406000 more on July 1, 2021. On October 1, 2021, Coronado issued 19600, $1,000 face value, 8% convertible bonds. Each bond is convertible into 20 sha . No bonds were converted into common stock in 2021. What is the number of shares...
Exercise 16-16 On January 1, 2018, Sweet Corp. had 479,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock count February 1 Issued 117,000 shares March 1 issued a 10% stock dividend May 1 Acquired 103,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 59,000 shares of treasury stock Determine the weighted average number of shares outstanding as of December 31, 2018 The weighted average number...
Exercise 16-16 On January 1, 2018, Cullumber Corp. had 502,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 125,000 shares Issued a 10% stock dividend Acquired 98,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 58,000 shares of treasury stock *Your answer is incorrect. Try again. Determine the weighted average number of shares outstanding as of December...
Multiple Choice Question 85
On January 1, Vaughn Corporation had 93000 shares of $10 par value
common stock outstanding. On June 17, the company declared a 15%
stock dividend to stockholders of record on June 20. Market value
of the stock was $16 on June 17. The stock was distributed on June
30. The entry to record the transaction of June 30 would include
a
debit to Stock Dividends for $83700.
debit to Common Stock Dividends Distributable for $223200.
credit...
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