Question text At the beginning of 20x6, Split Co.’s shareholders’ equity had a balance of $52562...
Question text
At the beginning of 20x6, Split Co.’s shareholders’ equity had a
balance of $52562 and liabilities were equal to $18873. During the
year 20x6, assets increased by $20393 and liabilities decreased by
$9057.
At the end of 20x6, what is the balance of Split Co.’s
shareholders’ equity account?
Select one:
a. $63898
b. $23112
c. $11336
d. $82012
Question text
PF Co. began business on January 1, 20x10. Below are the
transactions that took place during the company’s first month of
business:
Jan. 1
The owner invested $68544 in return for 6212 common shares.
Jan. 5
Purchased equipment costing $10312. $4099 was paid immediately and
the remainder is due within 60 days.
Jan. 9
Purchased land for $24700 cash.
Jan. 15
Secured a $41302 loan from its bank.
Jan. 20
Another investor purchased 2416 shares of the company for
$19921.
What is PF Co.’s shareholders equity balance at the end of January?
Select one:
a. $8628
b. $88465
c. $19921
d. $68544
Homework Answers
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Question text
At the beginning of 20x6, Split Co.’s shareholders’ equity had a
balance of $52562...
On December 31, 2016, Crane Corporation had the following shareholders’ equity accounts: CRANE CORPORATION Balance Sheet...
On December 31, 2016, Crane Corporation had the following
shareholders’ equity accounts:
CRANE CORPORATION
Balance Sheet (partial)
December 31, 2016
Shareholders’ equity
Common shares (unlimited number
of shares authorized, 92,000 issued)
$1,033,000
Retained earnings
520,000
Total shareholders’ equity
$1,553,000
During the year, the following transactions occurred:
Jan.
15
Declared a $1 per share cash dividend to shareholders of record
on January 31, payable February 15.
July
1
Announced a 2-for-1 stock split. The market price per share on
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the shareholders' equity section of Pretty Ornament, Inc's,
Balance sheet as if January 1st, 2019 was as follows:
Share capital:
Common shares. no par-value
120,000 shares authorised
50,000 shares issued.............$ 750,000
Retained earnings..................312,000
Total shareholders' equity...... $1,062,000
calucukate the average price of common shares before you
prepare the journal entries
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Question: Please help! The balance sheet of Consolidated Paper, Inc., included the following shareholders' equity accounts...
Question:
Please help!
The balance sheet of Consolidated Paper, Inc., included the
following shareholders' equity accounts at December 31, 2020:
Paid-in capital: Preferred stock,
8.8%, 90,000 shares at $1 par$90,000 Common stock, 364,000 shares
at $1 par 364,000 Paid-in capital—excess of par, preferred
1,437,000 Paid-in capital—excess of par, common 2,574,000 Retained
earnings 9,735,000 Treasury stock, at cost; 4,000 common shares
(44,000)Total shareholders' equity$14,156,000
During 2021, several events and transactions affected the
retained earnings of Consolidated Paper.
Required:
1. Prepare the appropriate...
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The balance sheet of Consolidated Paper, Inc., included the following shareholders' equity accounts at December 31,...
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On December 31, 2016, Crane Corporation had the following
shareholders’ equity accounts:
CRANE CORPORATION
Balance Sheet (partial)
December 31, 2016
Shareholders’ equity
Common shares (unlimited number
of shares authorized, 92,000 issued)
$1,033,000
Retained earnings
520,000
Total shareholders’ equity
$1,553,000
During the year, the following transactions occurred:
Jan.
15
Declared a $1 per share cash dividend to shareholders of record
on January 31, payable February 15.
July
1
Announced a 2-for-1 stock split. The market price per share on
the date...
can you please solve this
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Repurchase of shares:
the shareholders' equity section of Pretty Ornament, Inc's,
Balance sheet as if January 1st, 2019 was as follows:
Share capital:
Common shares. no par-value
120,000 shares authorised
50,000 shares issued.............$ 750,000
Retained earnings..................312,000
Total shareholders' equity...... $1,062,000
calucukate the average price of common shares before you
prepare the journal entries
REPURCHASE OF SHARES The shareholders' equity section of Pretty Ornament, Inc.'s, Balance sheet as of January 19, 2019 was as follows: Share capital: Common shares, no-par value,...
Need help with all parts
please! Each Journal and the shareholders equity section of the
balance sheet,
Ishe balance sheet of Consolidated Paper, Inc., included the following shareholders' equity accounts at December 31, 2017: Paid-in capital: Preferred stock, 7.0%, 99,000 shares at $1 par Common stock, 494,900 shares at $1 par Paid-in capital-excess of par, preferred Paid-in capital-excess of par, common Retained earnings Treasury stock, at cost; 4,900 common shares Total shareholders' equity $ 99,000 494,900 1,605,000 2,655,000 9,845,000 (58,800)...
Question:
Please help!
The balance sheet of Consolidated Paper, Inc., included the
following shareholders' equity accounts at December 31, 2020:
Paid-in capital: Preferred stock,
8.8%, 90,000 shares at $1 par$90,000 Common stock, 364,000 shares
at $1 par 364,000 Paid-in capital—excess of par, preferred
1,437,000 Paid-in capital—excess of par, common 2,574,000 Retained
earnings 9,735,000 Treasury stock, at cost; 4,000 common shares
(44,000)Total shareholders' equity$14,156,000
During 2021, several events and transactions affected the
retained earnings of Consolidated Paper.
Required:
1. Prepare the appropriate...
The balance sheet of Consolidated Paper, Inc., included the following shareholders' equity accounts at December 31, 2020: Paid-in capital: Preferred stock, 8.8%, 90,000 shares at $1 par Common stock, 364,000 shares at $1 par Paid-in capital-excess of par, preferred Paid-in capital-excess of par, common Retained earnings Treasury stock, at cost: 4,000 common shares Total shareholders' equity 90,000 364,000 1,437,000 2,574.000 9,735,000 (44,000) $14,156,000 During 2021, several events and transactions affected the retained earnings of Consolidated Paper. Required: 1. Prepare the...
The balance sheet of Consolidated Paper, Inc., included the following shareholders' equity accounts at December 31, 2020: $ 83.000 Paid-in capital: Preferred stock, 8.0%, 83,000 shares at $1 par Common stock, 333,300 shares at $1 par Paid-in capital-excess of par, preferred Paid-in capital-excess of par, common Retained earnings Treasury stock, at cost; 3,300 common shares Total shareholders' equity 333,300 1,455,000 2,505,000 8,345,000 (36,300) $12,685,000 During 2021, several events and transactions affected the retained earnings of Consolidated Paper Required: 1. Prepare...
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