Ans 22 Option C Additional paid in capital decreased | |||
entry of retiring share is | |||
Common stock Dr | |||
additional Paid in capital dr | |||
Retained earnings Dr | |||
Treasury stock Cr | |||
ans 23 | |||
Dividend income =(10000+2000)*2 | $24,000 | ||
Option B $24000 | |||
ans 24 | |||
First preference stock is cumulaive and fully partipating first dividend is given | |||
30000*10*5% | 15000 | ||
Now 5% return is paid to common stock | |||
200000*1*.05 | 10000 | ||
Now the remaining will be dividend in ratio of 3:2 in preferred and equity so for | |||
common stock it it | |||
(100000-15000-10000)/5*2 | 30000 | ||
So total for common stock is 10000+30000 | 40000 | ||
Option c $40000 | |||
ans 25 | |||
Total dividend for year 2 and 3-dividend paid | |||
(3000*100*5%*2)-10000 | 20000 | ||
Option D Disclosure of $20000 | |||
Dear student I have done the first four multiple questions |
Module 15. Stockholders' Equity year 2 5415.000 d $54000 In year 1. Fog, Inc. issued $10...
Problem 11-08A (Part Level Submission) On January 1, 2022, Ayayai Corp. had these stockholders' equity accounts. Common Stock ($10 par value, 76,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $760,000 491,000 616,000 During the year, the following transactions occurred. Jan. 15 Feb. 15 Apr. 15 May 15 Dec. 1 Dec. 31 Declared a $0.50 cash dividend per share to stockholders of record on January 31, payable February 15. Paid the dividend declared in January....
On January 1, 2020, Splish Brothers Inc. had the following stockholders' equity accounts. Common Stock ($10 par value, 80,300 shares issued and outstanding) $803,000 Pald-in Capital in Excess of Par-Common Stock 215,000 Retained Earnings 536,000 During the year, the following transactions occurred. Jan 15 Declared a $1.10 cash dividend per share to stockholders of record on January 31, payable February 15. Feb. 15 Paid the dividend declared in January Apr. 15 Declared a 10% stock dividend to stockholders of record...
The equity sections from Edmunds
Group’s 2016 and 2017 year-end balance sheets follow.
Stockholders’ Equity (December 31, 2016)
Common stock—$4 par value, 150,000 shares
authorized, 60,000 shares issued and outstanding
$
240,000
Paid-in capital in excess of par value, common stock
36,000
Retained earnings
200,000
Total stockholders’ equity
$
476,000
Stockholders’ Equity (December 31, 2017)
Common stock—$4 par value, 150,000 shares
authorized, 69,810 shares issued, 5,500 shares in treasury
$
279,240
Paid-in capital in excess of par value, common...
On January 1, 2017, Monty Corp. had these stockholders equity accounts. Common Stock ($10 par value, 75,000 shares issued and outstanding) $750,000 523,000 620,000 Paid-in Capital in Excess of Par Value Retained Earnings During the year, the following transactions occurred. Jan. 15 Declared a $0.60 cash dividend per share Feb. 15 Paid the dividend dedlared in January Apr. 15 Declared a May 15 Issued the shares for the stock dividend. Dec 1 Declared a $o.50 per share cash dividend to...
Shown below is the stockholders' equity section of Tiny Tot's stockholders' equity section of the balance sheet at December 31, 2020: Common stock, $1 par value, 5,000,000 shares authorized, 670,000 shares issued and outstanding Additional paid-in capital Retained earnings Total stockholders' equity $670,000 1,420,000 2,900,000 $ 4,990,000 During 2021, the following events occurred: Tiny Tot's was authorized to sell 100,000 shares of $100 par, 8% preferred stock Tiny Tot's sold 15,000 shares of the preferred stock at its par value...
The equity sections from Atticus Group’s 2013 and 2014 year-end balance sheets follow. Stockholders’ Equity (December 31, 2013) Common stock—$4 par value, 100,000 shares authorized, 40,000 shares issued and outstanding $ 160,000 Paid-in capital in excess of par value, common stock 120,000 Retained earnings 320,000 Total stockholders’ equity $ 600,000 Stockholders’ Equity (December 31, 2014) Common stock—$4 par value, 100,000 shares authorized, 47,400 shares issued, 3,000 shares in treasury $ 189,600 Paid-in capital in excess of...
Retained Earnings: Transactions and
Statement
The stockholders’ equity of Ranger Corporation at January 1
appears below:
Common stock, $10 par value, 200,000 shares authorized;
80,000 shares issued and outstanding
$800,000
Paid-in capital in excess of par value
480,000
Retained earnings
305,000
During the year, the following transactions occurred:
May
12
Declared a 15 percent stock dividend; market value of the
common stock was $22 per share.
June
6
Issued the stock dividend declared on May 12.
Dec.
5
Declared a...
Stockholders' Equity (December 31, 2016) Common stock-$10 par value, 130,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 75,000 410,000 $ 985,000 Stockholders' Equity (December 31, 2017) Common stock-$10 par value, 130,000 shares authorized, 56, 370 shares issued, 4,500 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($90,000 restricted by treasury stock) $ 563,700 151, 440 740,000 1,455, 140...
On January 1, 2020, Crane Corporation had the following stockholders' equity accounts. Common Stock ($26 par value, 50,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,300,000 194,000 619,000 During the year, the following transactions occurred. Feb. 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the...
Stockholders' Equity (January 1) Common stock-$6 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 $240,000 200.000 340,000 $780,000 Stockholders' Equity (December 31) Common stock-$6 par value, 100,000 shares authorized, 47, 400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($30,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity $284,400 244,400 400,000...