Homework Answers
Stock dividend is not actual distribution of assets from the company. It represents the transfer of capital from retained earnings to contributed capital.
Total stock holder's equity remains unchanged.
The answer is B.
Add Answer to:
Superstar Corporation reported the following equity section on its current balance sheet. The common stock is...
2) Element Corporation reported the following equity section on its current balance sheet. The common stock...
2) Element Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $20.25 per share. Common Stock, $5 par, 337.000 shares authorized, 157,000 shares issued and outstanding $785,000 Paid-In Capital in Excess of Par-Common 140,000 Retained Earnings 301,000 Total Stockholders' Equity $1,226,000 After a 2-for-1 stock split, what is the number of issued shares? 5 points A) 280,000 B) 314,000 C) 297,000 D) 140,000
The Stockholders' Equity section of Foreign Tours Corporation's balance sheet at the close of the current...
The Stockholders' Equity section of Foreign Tours Corporation's balance sheet at the close of the current year follows. $ 6,000,000 320,000 Stockholders' Equity Preferred stock (8%, $75 par value, 100,000 shares authorized) At Par Value (80,000 shares issued) Paid-in Capital in Excess of Par Value Common Stock (no-par value, stated value of $5, 1,800,000 shares authorized) At Stated Value Paid-in Capital in Excess of Stated Value Retained Earnings Total Stockholders' Equity 9,000,000 12,600,000 5,600,000 $33,520,000 1-a. What is the amount...
QUESTION 25 4 points Save Answer Gordon Corporation reported the following equity section on its current...
QUESTION 25 4 points Save Answer Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share. Common Stock, $5 Par, 100,000 shares authorized, 40,000 shares isued Paid-in Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity $200,000 120,000 290,000 $610000 What would be the total stockholders' equity after a 10% common stock dividend? $656,000 $320,000 $366,000
Problem 8-25 Analyzing the stockholders' equity section of the balance sheet The stockholders' equity section of...
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...
Following is the stockholders’ equity section of a recent balance sheet for Portlands, Inc.: Stockholders’ Equity:...
Following is the stockholders’ equity section of a recent balance sheet for Portlands, Inc.: Stockholders’ Equity: Preferred stock, $0.01 par value, authorized shares – 100,000, issued shares – none — Common stock, $1.25 par value, authorized shares, – 400,000, issued shares – 241,764 $ 302,205 Capital in excess of par 604,410 Retained earnings 5,840,053 Accumulated other comprehensive loss (100,304) Common stock in treasury, at cost – 75,000 shares (2,647,500) Total stockholders’ equity $ 3,998,864 Verify the $302,205 balance for the...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year contains errors. Stockholders' Equity Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) $10,000,000 Excess of issue price over par 500,000 Paid-in capital, preferred stock $10,500,000 Retained earnings 96,700,000 Treasury stock (75,000 shares at cost) 1,755,000 Dividends payable 430,000 Total paid-in capital $109,385,000 Common stock, $20 par (1,000,000 shares authorized, 825,000 shares 17,655,000...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year contains errors. Stockholders' Equity Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) Excess of issue price over par Paid-in capital, preferred stock Retained earnings Treasury stock (75,000 shares at cost) Dividends payable 10,000,000 500,000 $10,500,000 96,700,000 1,755,000 430,000 $109,385,000 17,655,000 300,000 Total paid-in capital Common stock, $20 par (1,000,000 shares authorized, 825,000...
Stockholders' Equity: Transactions and Balance Sheet Presentation The stockholders' equity accounts of Willis Corporation at January...
Stockholders' Equity: Transactions and Balance Sheet Presentation The stockholders' equity accounts of Willis Corporation at January 1 appear below: 8 Percent preferred stock, $10 par value, 50,000 shares authorized; 6,800 shares issued and outstanding $68,000 Common stock, $10 par value, 200,000 shares authorized; 50,000 shares issued and outstanding 500,000 Paid-in capital in excess of par value-Preferred stock 68,000 Paid-in capital in excess of par value-Common stock 200,000 Retained earnings 270,000 During the year, the following transactions occurred: Jan. 10 Issued...
The stockholders' equity section on the December 31 balance sheet of Hadley Corporation reported the following...
The stockholders' equity section on the December 31 balance sheet of Hadley Corporation reported the following amounts: Preferred Stock (par $50; authorized 10,000 shares, ? issued 310,400 Additional Paid-in Capital, Preferred 18,401 Common Stock (no-par; authorized 20,000 shares, issued and outstanding 5,300 shares) 60,204 Retained Earnings 137,366 Treasury Stock, 1,000 Preferred shares at cost 56,824 What is the total paid in capital for Hadley Corporation?
Land Corporation reported the following: Common Stock, $5.00 par, 217,000 shares authorized, 178,000 shares issued $890,000...
Land Corporation reported the following: Common Stock, $5.00 par, 217,000 shares authorized, 178,000 shares issued $890,000 Paid in Capital in Excess of Par—Common 202,000 Retained Earnings 231,000 Total Stockholders' Equity $1,323,000 Which of the following is included in the entry to record the corporation's purchase of 40,000 shares of its common stock for $13.50 per share? OA. Paid - In Capital from Treasury Stock Transactions is credited for $190,000. OB. Treasury Stock-Common is debited for $540,000. OC. Common Stock-$5.00 Par...
2) Element Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $20.25 per share. Common Stock, $5 par, 337.000 shares authorized, 157,000 shares issued and outstanding $785,000 Paid-In Capital in Excess of Par-Common 140,000 Retained Earnings 301,000 Total Stockholders' Equity $1,226,000 After a 2-for-1 stock split, what is the number of issued shares? 5 points A) 280,000 B) 314,000 C) 297,000 D) 140,000
The Stockholders' Equity section of Foreign Tours Corporation's balance sheet at the close of the current year follows. $ 6,000,000 320,000 Stockholders' Equity Preferred stock (8%, $75 par value, 100,000 shares authorized) At Par Value (80,000 shares issued) Paid-in Capital in Excess of Par Value Common Stock (no-par value, stated value of $5, 1,800,000 shares authorized) At Stated Value Paid-in Capital in Excess of Stated Value Retained Earnings Total Stockholders' Equity 9,000,000 12,600,000 5,600,000 $33,520,000 1-a. What is the amount...
QUESTION 25 4 points Save Answer Gordon Corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $11.50 per share. Common Stock, $5 Par, 100,000 shares authorized, 40,000 shares isued Paid-in Capital in Excess of Par-Common Retained Earnings Total Stockholders' Equity $200,000 120,000 290,000 $610000 What would be the total stockholders' equity after a 10% common stock dividend? $656,000 $320,000 $366,000
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...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year contains errors. Stockholders' Equity Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) $10,000,000 Excess of issue price over par 500,000 Paid-in capital, preferred stock $10,500,000 Retained earnings 96,700,000 Treasury stock (75,000 shares at cost) 1,755,000 Dividends payable 430,000 Total paid-in capital $109,385,000 Common stock, $20 par (1,000,000 shares authorized, 825,000 shares 17,655,000...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year contains errors. Stockholders' Equity Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) Excess of issue price over par Paid-in capital, preferred stock Retained earnings Treasury stock (75,000 shares at cost) Dividends payable 10,000,000 500,000 $10,500,000 96,700,000 1,755,000 430,000 $109,385,000 17,655,000 300,000 Total paid-in capital Common stock, $20 par (1,000,000 shares authorized, 825,000...
Stockholders' Equity: Transactions and Balance Sheet Presentation The stockholders' equity accounts of Willis Corporation at January 1 appear below: 8 Percent preferred stock, $10 par value, 50,000 shares authorized; 6,800 shares issued and outstanding $68,000 Common stock, $10 par value, 200,000 shares authorized; 50,000 shares issued and outstanding 500,000 Paid-in capital in excess of par value-Preferred stock 68,000 Paid-in capital in excess of par value-Common stock 200,000 Retained earnings 270,000 During the year, the following transactions occurred: Jan. 10 Issued...
Land Corporation reported the following: Common Stock, $5.00 par, 217,000 shares authorized, 178,000 shares issued $890,000 Paid in Capital in Excess of Par—Common 202,000 Retained Earnings 231,000 Total Stockholders' Equity $1,323,000 Which of the following is included in the entry to record the corporation's purchase of 40,000 shares of its common stock for $13.50 per share? OA. Paid - In Capital from Treasury Stock Transactions is credited for $190,000. OB. Treasury Stock-Common is debited for $540,000. OC. Common Stock-$5.00 Par...
Most questions answered within 3 hours.
-
Describe the following with suitable
examples.
1- Security Policy Heterogeneity
2-Security Model Heterogeneity
3-Security Mechanism Heterogeneity...
asked 5 minutes ago -
Two kg of ice at -15 °C are placed in a 2 kg bath of water...
asked 4 minutes ago -
Use the following set of observed frequencies to test the
independence of the two variables. Variable...
asked 4 minutes ago -
Please Identify the Term "Determinism" in Psychology
asked 4 minutes ago -
The table below represents the number of republicans, democrats
and independent voting on a specific issue....
asked 9 minutes ago -
List and compare different forms of passive transport and active
transport.
asked 17 minutes ago -
In Netherland Dwarf rabbits, dwarf size is determined by allele
N, and normal-size by allele n....
asked 23 minutes ago -
During Heaton Company’s first two years of operations, it
reported absorption costing net operating income as...
asked 38 minutes ago -
Consider testing the
hypotheses:
H0: p = 0.56
H1: p > 0.56
where p is
the...
asked 41 minutes ago -
In a two-factor analysis of variance a main effect is defined as
____.
a. the unique...
asked 48 minutes ago -
A bank's loan officer rates applicants for credit. The ratings
are normally distributed with a mean...
asked 49 minutes ago -
Fill in the following information for Adipic Acid: molecular
weight, g or ml, mole, melting point,...
asked 54 minutes ago