Please solve. Show work if you can. Thanks!
Homework Answers
a) Par value before stock dividend = $7
Par value after stock dividend = $7
b) Common Stock = 536200+(76600*10%*7) = 589820
Paid in capital in excess of par value-Common Stock = 23000+(76600*10%*8) = 84280
Retained earnings = 168000-(76600*10%*15) = 53100
Add Answer to:
Please solve. Show work if you can. Thanks!
Exercise 14-05 a-b (Part Level Submission) (Video) On...
Exercise 14-05 a-b (Part Level Submission) (Video)
Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Oullumber Corporation's stockholders' equity is as follows. Common stock, $5 par value $381,500Paid-in capital in excess of par-common stock 28,000Retained earnings 165,000Total stockholders' equity $574,500 On October 1, Cullumber declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) Your answer is correct. Compute the par value per share (1) before the stock dividend and (2) after the stock dividend. (b) Indicate the balances in the three stockholders' equity...
COURCES Exercise 14-5 (Part Level Submission) On October 1, Little Bobby Corporation's stockholders' equity is as...
COURCES Exercise 14-5 (Part Level Submission) On October 1, Little Bobby Corporation's stockholders' equity is as follows. Common stock, $5 par value $383,500 Paid-in capital in excess of par-common stock 25,000 Retained earnings 169,000 Total stockholders' equity $577,500 Part On October 1, Little Bobby declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) Study Your answer is correct. Compute the par value per share (1) before the stock dividend and...
Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Cullumber Corporation's stockholders' equity is as...
Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Cullumber Corporation's stockholders' equity is as follows. Common stock, $5 par value Paid-in capital in excess of par-common stock Retained earnings $376,000 28,000 154,000 $558,000 Total stockholders' equity On October 1, Cullum ber declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. ▼ (a) Your answer is incorrect. Try again Compute the par value per share (1) before the stock dividend...
Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Blossom Corporation's stockholders' equity is as...
Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Blossom Corporation's stockholders' equity is as follaws. Common stock, $5 par value Paid-in capital in excess of par-common stock Retained earnings $375,000 20,000 152,000 $547,000 Total stockholders' equity On Otter 1. Blossom declares and distrbutes a 10% stock dividend when the market price of the stock is $14 per share. ▼(a) Your answer is incorrect. Try again. Compute the par value per share (1) before the stock dividend and (2)...
Problem 11-8A (Part Level Submission) On January 1, 2017, Bridgeport Corp. had these stockholders' equity accounts....
Problem 11-8A (Part Level Submission) On January 1, 2017, Bridgeport Corp. had these stockholders' equity accounts. Common Stock ($10 par value, 67,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $670,000 516,500 665,000 During the year, the following transactions occurred Declared a $0.60 cash dividend per share to stockholders of record on January 31, payable February 15. Paid the dividend declared in January. Declared a 10% stock dividend to stockholders of record on April 30,...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1,...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 13,000 shares authorized) Common Stock ($4 stated value, 780,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (13,000 common shares) $780,000 2,600,000 39,000 1,248,000 1,788,800 104,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders'...
Please do them all in order. thanks! ACT202: Chapter 13 Home Work Exercises Exercise 13-5: Large...
Please do them all in order. thanks!
ACT202: Chapter 13 Home Work Exercises Exercise 13-5: Large Stock Dividend and Stock Split: GIVEN: On June 30, 2017, Sharper Corporation's common stock is priced at $30.50 per share before any stock dividend or split, and the stockholders' equity section of its BS appears as follows: Common stock--$6 par value, 90,000 shares authorized, 216,000 100,000 36,000 shares issued and outstanding Paid-in capital in excess of par value, Common Stock Retained earnings 316,000 632,000...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1,...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 13,000 shares authorized) Common Stock ($4 stated value, 780,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (13,000 common shares) $780,000 2,600,000 39,000 1,248,000 1,788,800 104,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders'...
Exercise 14-02 a-c (Part Level Submission) CALCAATOR PRNTER VERSEON sBACK NMEXTS Sunland Corporation was organ...
Exercise 14-02 a-c (Part Level Submission) CALCAATOR PRNTER VERSEON sBACK NMEXTS Sunland Corporation was organized on January 1, 2019. Duning its first year, the corporation issued 1,950 shares of $50 par value preferred stock and 110,000 shares of $10 par value common stock At December 31, the company declared the following cash dividends: 2019, $5,325, 2020, $13,800, and 2021, $28,500. (a) Your answer is partially correct. Try again. Show the allocation of dividends to each class of stock, assuming the...
ONLY PART C Problem 14-02A a-c (Part Level Submission) The post-closing trial balance of Sheridan Corporation...
ONLY PART C
Problem 14-02A a-c (Part Level Submission) The post-closing trial balance of Sheridan Corporation at December 31, 2020, contains the following stockholders' equity accounts. Preferred Stock (16,000 shares issued) Common Stock (259,000 shares issued) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings $800,000 2,590,000 259,000 410,000 259,000 921,900 A review of the accounting records reveals the following. 2. No errors have been made in recording 2020...
COURCES Exercise 14-5 (Part Level Submission) On October 1, Little Bobby Corporation's stockholders' equity is as follows. Common stock, $5 par value $383,500 Paid-in capital in excess of par-common stock 25,000 Retained earnings 169,000 Total stockholders' equity $577,500 Part On October 1, Little Bobby declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) Study Your answer is correct. Compute the par value per share (1) before the stock dividend and...
Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Cullumber Corporation's stockholders' equity is as follows. Common stock, $5 par value Paid-in capital in excess of par-common stock Retained earnings $376,000 28,000 154,000 $558,000 Total stockholders' equity On October 1, Cullum ber declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. ▼ (a) Your answer is incorrect. Try again Compute the par value per share (1) before the stock dividend...
Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Blossom Corporation's stockholders' equity is as follaws. Common stock, $5 par value Paid-in capital in excess of par-common stock Retained earnings $375,000 20,000 152,000 $547,000 Total stockholders' equity On Otter 1. Blossom declares and distrbutes a 10% stock dividend when the market price of the stock is $14 per share. ▼(a) Your answer is incorrect. Try again. Compute the par value per share (1) before the stock dividend and (2)...
Problem 11-8A (Part Level Submission) On January 1, 2017, Bridgeport Corp. had these stockholders' equity accounts. Common Stock ($10 par value, 67,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $670,000 516,500 665,000 During the year, the following transactions occurred Declared a $0.60 cash dividend per share to stockholders of record on January 31, payable February 15. Paid the dividend declared in January. Declared a 10% stock dividend to stockholders of record on April 30,...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 13,000 shares authorized) Common Stock ($4 stated value, 780,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (13,000 common shares) $780,000 2,600,000 39,000 1,248,000 1,788,800 104,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders'...
Please do them all in order. thanks!
ACT202: Chapter 13 Home Work Exercises Exercise 13-5: Large Stock Dividend and Stock Split: GIVEN: On June 30, 2017, Sharper Corporation's common stock is priced at $30.50 per share before any stock dividend or split, and the stockholders' equity section of its BS appears as follows: Common stock--$6 par value, 90,000 shares authorized, 216,000 100,000 36,000 shares issued and outstanding Paid-in capital in excess of par value, Common Stock Retained earnings 316,000 632,000...
Problem 11-02A (Part Level Submission) The stockholders' equity accounts of Blue Spruce Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 13,000 shares authorized) Common Stock ($4 stated value, 780,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (13,000 common shares) $780,000 2,600,000 39,000 1,248,000 1,788,800 104,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders'...
Exercise 14-02 a-c (Part Level Submission) CALCAATOR PRNTER VERSEON sBACK NMEXTS Sunland Corporation was organized on January 1, 2019. Duning its first year, the corporation issued 1,950 shares of $50 par value preferred stock and 110,000 shares of $10 par value common stock At December 31, the company declared the following cash dividends: 2019, $5,325, 2020, $13,800, and 2021, $28,500. (a) Your answer is partially correct. Try again. Show the allocation of dividends to each class of stock, assuming the...
ONLY PART C
Problem 14-02A a-c (Part Level Submission) The post-closing trial balance of Sheridan Corporation at December 31, 2020, contains the following stockholders' equity accounts. Preferred Stock (16,000 shares issued) Common Stock (259,000 shares issued) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings $800,000 2,590,000 259,000 410,000 259,000 921,900 A review of the accounting records reveals the following. 2. No errors have been made in recording 2020...
Most questions answered within 3 hours.
-
BaS crystallizes in a cubic unit cell with S2- ions on each
corner and each face....
asked 27 minutes ago -
A. 0≤P(Oi)≤10≤P(Oi)≤1 for each i
B. P(Oi)≤0P(Oi)≤0
C. P(Oi)=1+P(OCi)P(Oi)=1+P(OiC)
D. P(Oi)≥1P(Oi)≥1
If an experiment consists of...
asked 2 hours ago -
A battery has an emf of 9.20V and an internal resistance of 1.20
ohm. a)What resistance...
asked 1 hour ago -
The area of an elastic circular loop decreases at a constant
rate, dA/dt = −6.60×10−3 m2/s...
asked 3 hours ago -
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 4 hours ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 4 hours ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 4 hours ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 4 hours ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 4 hours ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 5 hours ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 5 hours ago -
Write MARIE assembly language programs that do the following:
Write a program that inputs an integer...
asked 5 hours ago