Homework Answers
3.
Answer is a.True
Common stockholder has right to vote, right to receive dividend
4.
Answer is a. Issued
The shares which are issued to shareholders is called issued
stock
6.
Answer is 0
When common stock is issued for cash, no liabilities change
7.
Answer is 0
On stocksplit only number of shares issued and outstanding
changes
8.
Shares outstanding = 13500-4000 = 9500
Shares purchased are deducted from shares issued
9.
Value of Treasury Stock = 1000 x $18 = $18000
10.
Additional Paid in capital = 1000 x ($30-0.10) = $29900
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Question 3 (1 point) Common stockholders have the right to vote on corporate matters, to share...
Accounting for Share Transactions The Mayfair Corporation went public on January 1, 2012, with an initial...
Accounting for Share Transactions The Mayfair Corporation went public on January 1, 2012, with an initial public offering of 10,000,000 common shares, $2 par value, at a market price of $6 per share. Since then, the following equity transactions had occurred: In 2013, a 10% stock dividend was issued. At the time, the Mayfair common shares were trading at $12 per share. In 2014, a 3-for-1 forward stock split was executed. At the time, the Mayfair common shares were trading...
The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2018,...
The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2018, is as follows. Stockholders' Equity Paid-in capital Preferred stock,? par value, 5% cumulative, 230,000 shares authorized, 53,000 shares issued 636,000 and outstanding Common stock, $25 stated value, 280,000 shares authorized, 53,000?? shares issued and outstanding 1, 325,000 43,000 159,000 Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common Total paid-in capital Retained earnings Treasury stock, 9,000 shares Total stockholders' equity...
On June 30, 2017, Sharper Corporation’s common stock is priced at $28.50 per share before any...
On June 30, 2017, Sharper Corporation’s common stock is priced
at $28.50 per share before any stock dividend or split, and the
stockholders’ equity section of its balance sheet appears as
follows.
Common stock—$8 par value, 60,000 shares
authorized, 24,000 shares issued and outstanding
$
192,000
Paid-in capital in excess of par value, common stock
100,000
Retained earnings
292,000
Total stockholders’ equity
$
584,000
1. Assume that the company declares and
immediately distributes a 100% stock dividend. This event is...
Exercise 14-04On October 31, the stockholders’ equity section of CullumberCompany consists of common stock...
Exercise 14-04On October 31, the stockholders’ equity section of Cullumber Company consists of common stock $260,000 and retained earnings of $882,000. Cullumber is considering the following two courses of action: (1) declaring a 4% stock dividend on the 26,000, $10 par value shares outstanding, or (2) affecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $16 per share.Prepare a tabular summary of the effects of the alternative actions on the...
The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2018....
The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2018. is as follows. $540,eee Stockholders' Equity Paid-in capital Preferred stock,? par value, 5% cumulative, 150,000 shares authorized, 45,000 shares issued and outstanding Common stock, $15 stated value, 280,000 shares authorized 45,eee?? shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Connon Total paid-in capital Retained earnings Treasury stock, 4,000 shares Total stockholders' equity 675,000 35,000 225, eee...
The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2018....
The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2018. is as follows. $ 580,000 Stockholders' Equity Paid-in capital Preferred stock,? par value, 5% cumulative, 288,eee shares authorized, 58,000 shares issued and outstanding Connon stock, $20 stated value, 330,000 shares authorized, 58, eee?? shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Connon Total paid-in capital Retained earnings Treasury stock, 5,eee shares Total stockholders' equity 1,160, eee...
Problem 11-26A Analyzing the stockholders' equity section of the balance sheet LO 11-2, 11-3, 11-7 The...
Problem 11-26A Analyzing the stockholders' equity section of the balance sheet LO 11-2, 11-3, 11-7 The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, Year 1, is as follows: Stockholders' Equity Paid-in capital Preferred stock,? par value, 5% cumulative, 160,e00 shares authorized, 46,000 shares issued and outstanding Common stock, $20 stated value, 210,000 shares authorized, 46,000 shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common Total...
how much were common stockholders receive per share is the question at the bottom of the...
how
much were common stockholders receive per share is the question at
the bottom of the photo
With the upcoming annual shareholders' meeting only a week away, the Chief Executive Officer of a business had a great deal of information to prepare. Profits for the five-year-old plastics company were at record levels and $300,000 was available for dividends to be paid. But technological advancements in the thermoforming industry were forcing individual companies to make substantial investments in advanced production capacity...
On October 31, the stockholders’ equity section of Omar Company consists of common
On October 31, the stockholders’ equity section of Omar Company consists of commonstock $600,000 and retained earnings $900,000. Omar is considering the following twocourses of action: (1) declaring a 5% stock dividend on the 60,000, $10 par value shares outstanding,or (2) effecting a 2-for-1 stock split that will reduce par value to $5 per share. The currentmarket price is $14 per share.InstructionsPrepare a tabular summary of the effects of the alternative actions on the components of stockholders’equity and outstanding shares....
On June 30, 2017, Sharper Corporation's common stock is priced at $26.00 per share before any...
On June 30, 2017, Sharper Corporation's common stock is priced at $26.00 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows Common stock-$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 400,eee 100,000 500.000 $1,eee eee 1. Assume that the company declares and immediately distributes a 100% stock dividend. This event...
The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2018, is as follows. Stockholders' Equity Paid-in capital Preferred stock,? par value, 5% cumulative, 230,000 shares authorized, 53,000 shares issued 636,000 and outstanding Common stock, $25 stated value, 280,000 shares authorized, 53,000?? shares issued and outstanding 1, 325,000 43,000 159,000 Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common Total paid-in capital Retained earnings Treasury stock, 9,000 shares Total stockholders' equity...
On June 30, 2017, Sharper Corporation’s common stock is priced
at $28.50 per share before any stock dividend or split, and the
stockholders’ equity section of its balance sheet appears as
follows.
Common stock—$8 par value, 60,000 shares
authorized, 24,000 shares issued and outstanding
$
192,000
Paid-in capital in excess of par value, common stock
100,000
Retained earnings
292,000
Total stockholders’ equity
$
584,000
1. Assume that the company declares and
immediately distributes a 100% stock dividend. This event is...
Exercise 14-04On October 31, the stockholders’ equity section of Cullumber Company consists of common stock $260,000 and retained earnings of $882,000. Cullumber is considering the following two courses of action: (1) declaring a 4% stock dividend on the 26,000, $10 par value shares outstanding, or (2) affecting a 2-for-1 stock split that will reduce par value to $5 per share. The current market price is $16 per share.Prepare a tabular summary of the effects of the alternative actions on the...
The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2018. is as follows. $540,eee Stockholders' Equity Paid-in capital Preferred stock,? par value, 5% cumulative, 150,000 shares authorized, 45,000 shares issued and outstanding Common stock, $15 stated value, 280,000 shares authorized 45,eee?? shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Connon Total paid-in capital Retained earnings Treasury stock, 4,000 shares Total stockholders' equity 675,000 35,000 225, eee...
The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2018. is as follows. $ 580,000 Stockholders' Equity Paid-in capital Preferred stock,? par value, 5% cumulative, 288,eee shares authorized, 58,000 shares issued and outstanding Connon stock, $20 stated value, 330,000 shares authorized, 58, eee?? shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Connon Total paid-in capital Retained earnings Treasury stock, 5,eee shares Total stockholders' equity 1,160, eee...
Problem 11-26A Analyzing the stockholders' equity section of the balance sheet LO 11-2, 11-3, 11-7 The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, Year 1, is as follows: Stockholders' Equity Paid-in capital Preferred stock,? par value, 5% cumulative, 160,e00 shares authorized, 46,000 shares issued and outstanding Common stock, $20 stated value, 210,000 shares authorized, 46,000 shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common Total...
how
much were common stockholders receive per share is the question at
the bottom of the photo
With the upcoming annual shareholders' meeting only a week away, the Chief Executive Officer of a business had a great deal of information to prepare. Profits for the five-year-old plastics company were at record levels and $300,000 was available for dividends to be paid. But technological advancements in the thermoforming industry were forcing individual companies to make substantial investments in advanced production capacity...
On June 30, 2017, Sharper Corporation's common stock is priced at $26.00 per share before any stock dividend or split, and the stockholders' equity section of its balance sheet appears as follows Common stock-$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 400,eee 100,000 500.000 $1,eee eee 1. Assume that the company declares and immediately distributes a 100% stock dividend. This event...
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