Homework Answers
Answers
1) Par value of Dillard's Class A common stock is $ 0.001 ($118530 / 118529925 shares)
2) Class A Common stock outstanding at the end is as follows
| Particulars | Stock | Stock |
| Issued Stock | 11,85,29,925 | 11,77,06,523 |
| Less:Treasury Stock | - 7,30,99,319 | - 6,17,40,439 |
| Outstanding Stock | 4,54,30,606.00 | 5,59,66,084.00 |
3) Retained Earning Calculation for Last Year
| Particulars | Amount in $ |
| Current year retained earning | 3,10,73,44,000 |
| Less: Net income of Current Year | -46,39,09,000 |
| Add: Dividend Paid in current year | 1,00,02,000 |
| Last Yeasr's retained earnings | 2,65,34,37,000 |
4) Treasury Stock in the Asset side of Balance Sheet is reduced from Cash Account by $1,84,63,12,000
5) Working of Treasury Shares transaction in current year
| Particulars | Stock | Amount in $ |
| Current Year | 7,30,99,319 | 1,84,63,12,000 |
| Last Year | - 6,17,40,439 | - 1,35,55,26,000 |
| Net Stock bought in current year | 1,13,58,880 | 49,07,86,000 |
So in current year Treasury stock reduced Common stock equity by $ 490786000
6) Avg price paid for treasury stock is as follows
Amount in treasury stock/ treasury stock no.s
i.e. 1846312000 / 73099319 = $ 25.26
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Assume that the stockholders' equity section on the balance sheet of Dillard's, a popular department store,...
Assume that the stockholders equity section on the balance sheet of Dillards, a popular department is show. beliw.Durin...
Assume that the stockholders equity section on the balance sheet of
Dillards, a popular department is show. beliw.During the year, the
comoany reported net income of $463,909,000 and declared and oaid
dividends of $10,002,000
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Assume that the stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. During the year,...
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The stockholders' equity section on the balance sheet of Mangum's, a popular department store, is shown...
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Assume that the stockholders equity section on the balance sheet of
Dillards, a popular department is show. beliw.During the year, the
comoany reported net income of $463,909,000 and declared and oaid
dividends of $10,002,000
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Assume that the stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. During the year,...
Assume that the stockholders' equity section on the balance sheet of Mangum's, a popular department store, is shown below. During the year, the company reported net income of $241,115,000 and declared and paid dividends of $11,907.000. Current Year Last Year $ 1,166,000 $ 1,166,000 Stockholders' Equity: Common stock, Class A-116,630,308 and 116,575,495 shares issued; ? and ? shares outstanding Common stock, Class B (convertible)- 4,150,929 shares issued and outstanding Additional paid-in capital Retained earnings Less treasury stock, at cost, Class...
The stockholders' equity section on the balance sheet of Mangum's, a popular department store, is shown below. During the year, the company reported net income of $241,145,000 and declared and paid dividends of $11,917,000. Stockholders' Equity Current Year Last Year Common stock, Class A—116,670,308 and 116,515,495 shares issued; ? and ? shares outstanding 1,167,000 1,165,000 Common stock, Class B (convertible)-4,080,929 shares issued and outstanding 41,000 41,000 Additional paid-in capital 779,055,000 791,987,000 Retained earnings 2,457,727,000 Less treasury stock, at cost, Class...
Problem 8-25 Analyzing the stockholders' equity section of the balance sheet The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2016, is as follows. Stockholders Equity Paid-in capital 200,000 Preferred stock, ? par value, 6% cumulative, 100,000 shares authorized 10,000 shares issued and outstanding Common stock, $10 stated value, 200,000 shares authorized, 100,000 shares issued and ?? shares outstanding 1,000,000 Paid-in capital in excess of par- Preferred 25,000 Paid-in capital in 50o,000 excess of...
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