Homework Answers
1)
ALUMINUM COMPANY OF AMERICA
Balance Sheet (Partial)
| $ (in millions) | |
|---|---|
| Additional paid in capital | 6,101 |
| Common Stock (844.8 million *$1) | 844.8 |
| Preferred Stock (546,024 shares * $100) | 54.60 |
| Retained Earnings | 7428 |
| Less: Treasury Stock | (2828) |
| Stockholder's Equity | $11,600.4 |
Note : For preparing extract of balance sheet at year end, amounts outstanding at the year end must be considered.
2)
Book Value Per Share =
[Total stock of shareholders equity - ( preference stock + dividend in arrears if any ) ] ÷ Number of shares of common stock outstanding
=[ $11,600.4 - 54.60 ] ÷ 844.8
= $13.67 (approx.)
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Exercise 11-25 A recent stockholders' equity section of Aluminum Company of America (Alcoa) showed the following...
Exercise 11-25 A recent stockholders' equity section of Aluminum Company of America (Alcoa) showed the following (in al...
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Exercise 11-11
The stockholders’ equity section of Monty Corp. at December 31
is as follow
Monty Corp.
Balance Sheet(Partial)
Paid-in capital
Preferred stock, cumulative, 14,000 shares
authorized, 9,800 shares issued and outstanding
$588,000
Common stock, no par, 880,000 shares
authorized, 560,000 shares issued
1,120,000
Total paid-in capital
1,708,000
Retained earnings
1,858,000
Total paid-in
capital and retained earnings
3,566,000
Less: Treasury stock (12,000 common shares)
62,400
Total
stockholders’ equity
$3,503,600
From a review of the stockholders’ equity section, as chief
accountant,...
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LLULIID UD VILI Exercise 11-25 A recent stockholders' equity section of Aluminum Company of America (Alcoa) showed the following (in alphabetical order): additional paid-in capital $6,101, common stock $925, preferred stock $56, retained earnings $7,428, and treasury stock $2,828. All dollar data are in millions.) The preferred stock has 557,740 shares authorized, with a par value of $100 and an annual $3.75 per share cumulative dividend preference. At December 31 of the current year, 557,649 shares of preferred are issued...
The stockholders' equity section of Montel Company's balance sheet follows. This year's dividends on preferred stock have been paid and no preferred dividends are in arrears. Preferred stock-5% cumulative, $1e par value, 10,00e shares authorized, issued and outstanding Common stock-$5 par value, 228,eee shares authorized, 17e,eee shares issued and outstanding Retained earnings Total stockholders equity 1ee,eee 850, eee 1,e74,see $2,824,see Determine the book value per share of the common stock Book Value Per Common Share Book Value Per Common Share...
Exercise 11-11
The stockholders’ equity section of Monty Corp. at December 31
is as follow
Monty Corp.
Balance Sheet(Partial)
Paid-in capital
Preferred stock, cumulative, 14,000 shares
authorized, 9,800 shares issued and outstanding
$588,000
Common stock, no par, 880,000 shares
authorized, 560,000 shares issued
1,120,000
Total paid-in capital
1,708,000
Retained earnings
1,858,000
Total paid-in
capital and retained earnings
3,566,000
Less: Treasury stock (12,000 common shares)
62,400
Total
stockholders’ equity
$3,503,600
From a review of the stockholders’ equity section, as chief
accountant,...
Lyuity account. ALTERNATE MULTI-CONCEPT PROBLEMS oblem 11-12A Analysis of Stockholders' Equity The Stockholders' Equity section of the December 31, 2017, balance sheet of Carter Company appeared as follows: Preferred stock, $50 par value, 10,000 shares authorized,? shares issued Common stock, ? par value, 20,000 shares authorized, 14,000 shares issued $ 400,000 Additional paid-in capital-Preferred 280,000 Additional paid-in capital-Common 12,000 Additional paid-in capital-Treasury stock 980,000 Total contributed capital 2,000 Retained earnings $1,674,000 Treasury stock, preferred, 200 shares 80,000 (12,800) Total stockholders'...
The equity section of Cyril Corporation's balance sheet shows the following: Preferred stock-5% cumulative, $25 par value, 10,000 shares issued and outstanding Common stock-$10 par value, 30,000 shares issued and outstanding Retained earnings $ 250,000 300,000 267,500 $ 817,500 Total stockholders' equity This year's dividends on preferred stock have been paid. Determine the book value per share of common stock under two separate situations. 1. No preferred dividends are in arrears. 2. Three years of preferred dividends are in arrears....
The stockholders' equity section of Montel Company's balance sheet follows. points $ 100,000 Preferred stock-58 cumulative, $10 par value, 10,000 shares authorized, issued and outstanding Common stock-$5 par value, 380,000 shares authorized, 330,000 shares issued and outstanding Retained earnings Total stockholders' equity 946,000 935,000 $1,981,000 Determine the book value per share of the common stock. Answer is not complete. Choose Numerator: Stockholders equity applicable to common shares Book Value Per Common Share Choose Denominator: Number of common shares outstanding 330,000...
The stockholders' equity section of Montel Company's balance sheet follows. $ 150,000 Preferred stock-5% cumulative, $10 par value, 15,000 shares authorized, issued and outstanding Common stock-$5 par value, 230,000 shares authorized, 180,000 shares issued and outstanding Retained earnings Total stockholders' equity 900,000 864,000 $1,914,000 Determine the book value per share of the common stock. Answer is complete but not entirely correct. Choose Numerator: Stockholders' equity applicable to common shares 1,756,500 Book Value Per Common Share Choose Denominator: Number of common...
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