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can you please solve this
On December 31, 2020, Ivanhoe Corporation had the following shareholders' equity accounts: IVANHOE CORPORATION Balance Sheet (partial) December 31, 2020 Shareholders' equity Common shares (unlimited number of shares authorized, 90,000 issued) Retained earnings Total shareholders' equity $1.052,000 550,000 $1,602,000 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...
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Problem 14-03A a-d On January 1, 2020, Crane Corporation had the following stockholders' equity accounts. Common Stock (no par value, 87,000 shares issued and outstanding) Retained Earnings $1,385,000 544,000 During the year, the following transactions occurred. Feb. 1 Declared a $1 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 3-for-1 stock split. Prior to the split, the market price per share was...
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The balance sheet of Consolidated Paper, Inc., included the following shareholders' equity accounts at December 31, 2020: During 2021, several events and transactions affected the retained earnings of Consolidated Paper Required: 1. Prepare the appropriate entries for these events. a. On March 3, the board of directors declared a property dividend of 205,000 shares of Leasco International common stock that Consolidated Paper had purchased in January as an investment (book value: $604,000). The investment shares had a fair value of $3 per share and...
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On January 1, 2018, Wirth Corporation, a publicly traded
company, had these shareholders equity accounts: Common shares
(unlimited number of shares authorized, 220,000 shares
issued).........$2,200,000 Retained
earnings..............................................................................................................1,080,000
Accumulated other comprehensive
income..........................................................................120,000
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. Apr. 16 Declared a 10% stock
dividend to shareholders of record on April 30, distributable May
16. On April 16, April 30, and...
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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...
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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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The 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
$
99,000
Common stock,
494,900 shares at $1 par
494,900
Paid-in
capital—excess of par, preferred
1,605,000
Paid-in
capital—excess of par, common
2,655,000
Retained
earnings
9,845,000
Treasury stock,
at cost; 4,900 common shares
(58,800
)
Total
shareholders' equity
$
14,640,100
During 2018, several events and transactions affected the retained
earnings of Consolidated Paper.
Required:...
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Problem 14-03A a-d On January 1, 2020, Crane Corporation had the following stockholders' equity accounts. Common Stock (no par value, 87,000 shares issued and outstanding) Retained Earnings $1,385,000 544,000 During the year, the following transactions occurred. Feb. 1 Declared a $1 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 3-for-1 stock split. Prior to the split, the market price per share was...
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The balance sheet of Consolidated Paper, Inc., Included the following shareholders' equity accounts at December 31, 2020: Paid-in capital: Preferred stock, 8.8%, 95, eee shares at $i par Common stock, 454,500 shares at $1 par Paid-in capital-excess of par, preferred Paid-in capital-excess of par, common Retained earnings Treasury stock, at cost; 4,500 common shares Total shareholders' equity $ 95, eee 454,500 1,565,000 2,615, cee 9,445, eee (49,500) $14,125,000 During 2021, several events and transactions affected the retained earnings of Consolidated...
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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...
can you please solve this
On December 31, 2020, Ivanhoe Corporation had the following shareholders' equity accounts: IVANHOE CORPORATION Balance Sheet (partial) December 31, 2020 Shareholders' equity Common shares (unlimited number of shares authorized, 90,000 issued) Retained earnings Total shareholders' equity $1.052,000 550,000 $1,602,000 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...
Problem 14-03A a-d On January 1, 2020, Crane Corporation had the following stockholders' equity accounts. Common Stock (no par value, 87,000 shares issued and outstanding) Retained Earnings $1,385,000 544,000 During the year, the following transactions occurred. Feb. 1 Declared a $1 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 3-for-1 stock split. Prior to the split, the market price per share was...
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...
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...
Problem 14-03A a-d On January 1, 2020, Crane Corporation had the following stockholders' equity accounts. Common Stock (no par value, 87,000 shares issued and outstanding) Retained Earnings $1,385,000 544,000 During the year, the following transactions occurred. Feb. 1 Declared a $1 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 3-for-1 stock split. Prior to the split, the market price per share was...
The balance sheet of Consolidated Paper, Inc., Included the following shareholders' equity accounts at December 31, 2020: Paid-in capital: Preferred stock, 8.8%, 95, eee shares at $i par Common stock, 454,500 shares at $1 par Paid-in capital-excess of par, preferred Paid-in capital-excess of par, common Retained earnings Treasury stock, at cost; 4,500 common shares Total shareholders' equity $ 95, eee 454,500 1,565,000 2,615, cee 9,445, eee (49,500) $14,125,000 During 2021, several events and transactions affected the retained earnings of Consolidated...
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...