Homework Answers
T account : retained earnings
| Beg Bal | 315500 | ||
| 2017 Dividend (315500+62000-341500) | 36000 | 62000 | Net income |
| End Bal | 341500 | ||
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need help with table 2
QS 16-9 Computing financing cash flows LO P3 The following selected...
QS 16-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's...
QS 16-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's comparative balance sheets At Common stock, $10 par value 201 Retained sarninein excess of pan $ 130,000 122,000 589,000 353,ee0 335,500 309,500 Retained earnings The company's net income for the year ended December 31, 2017, was $59,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017 Common Stock, $10 Par Beg bal End bal Paid-in...
QS 12-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company’s...
QS 12-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company’s comparative balance sheets. At December 31 2017 2016 Common stock, $10 par value $ 118,000 $ 114,000 Paid-in capital in excess of par 581,000 349,000 Retained earnings 327,500 301,500 The company’s net income for the year ended December 31, 2017, was $55,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017. Common Stock, $10...
The following information is from Princeton Company's comparative balance sheets. Current At December 31 Prior Year...
The following information is from Princeton Company's comparative balance sheets. Current At December 31 Prior Year Canon stock, $10 par value Paid-in capital in excess of par Retained earnings Year $ 148,800 599.88€ 345,500 $ 132,899 358,000 319.5ee The company's net Income for the current year ended December 31 was $64.000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock, $10 Par Beg bal. Issuance of common...
The following selected Information is from Princeton Company's comparative balance sheets. At December 31 Common stock,...
The following selected Information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings $ 188,800 $ 102,000 569,000 343, eee 315, 5ee 289,5ee The company's net income for the year ended December 31, 2017, was $49,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 201 Common Stock, S10 Par Beg bal End, bai Paid-in Capital in Excess...
Can you please help with this problem ASAP, and I'll give a thumbs up. I've tried...
Can you please help with this problem ASAP, and I'll give a
thumbs up. I've tried putting -38,000 as credit in current year
dividends but it's incorrect. Please show how you got your answer.
Thank you.
QS 12-15 Computing financing cash flows LO P3 The following information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings Current Prior Year Year $ 140,000 $ 132,000 599,000 358,000...
The following selected information is from Princeton Company's comparative balance sheets. At Docenber 31 2018 2017...
The following selected information is from Princeton Company's comparative balance sheets. At Docenber 31 2018 2017 Coanon stock,$10 par value Paid-in capital in excess of par Retained earnings ,000 120,000 587,000 352,000 333,500 30,500 The following selected information is from Princeton Company's comparative balance sheets. At Decenber Common stock, $10 par value Paid-in oapital in exoess of par Rotained oarninga 2017 127,000 120,000 587,000 352,000 The company's net income for the year ended December 31, 2018, was $58,000. 1. Complete...
The following selected information is from Princeton Company's comparative balance sheets. 2015 At December 31 2014...
The following selected information is from Princeton Company's comparative balance sheets. 2015 At December 31 2014 Common stock, $10 par value S 133,000 S 124,000 Paid-in capital in excess of par 591,000 354,000 Retained earnings 337,500 311,500 The company's net income for the year ended December 31, 2015, was $60,000. 1. Complete the below table to calculate the cash received from the sale of its common stock during 2015 Common Stock, $10 Par Beg. bal. End. bal. End. bal. Cash...
The following information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par...
The following information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings Current Prior Year Year S 127.000 $ 120,000 587,000 352,000 333,500 307,500 The company's net income for the current year ended December 31 was $58,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock, $10 Par Beg. bal. Dividends Dividends End,...
Please help with 2 and 3. Thank you! 2. ABC, Inc. has 4,000 shares of 6%,...
Please help with 2 and 3. Thank you!
2. ABC, Inc. has 4,000 shares of 6%, $50 par value cumulative preferred stock issued at the beginning of 2016 and 200 shares of cumulative preferred Treasury Stock. All remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2016. The company plans to pay total dividends of $20,000 in 2017. How much of the $20,000 dividend will be paid to preferred stockholders...
7 QS 16-14 Computing financing cash flows LO P3 Indicate which of the following has an...
7 QS 16-14 Computing financing cash flows LO P3 Indicate which of the following has an effect on financing cash flows. (Amounts that decrease cash should be indicated with a minus sign.) 0.43 points a. Notes payable with a carrying value of $15,000 are retired for $16,000 cash, resulting in a $1,000 loss. b. Paid cash dividends of $11,000 to common stockholders. c. Acquired $20,000 worth of machinery in exchange for common stock. eBook References Effect on financing Items Amount...
QS 16-9 Computing financing cash flows LO P3 The following selected information is from Princeton Company's comparative balance sheets At Common stock, $10 par value 201 Retained sarninein excess of pan $ 130,000 122,000 589,000 353,ee0 335,500 309,500 Retained earnings The company's net income for the year ended December 31, 2017, was $59,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 2017 Common Stock, $10 Par Beg bal End bal Paid-in...
The following information is from Princeton Company's comparative balance sheets. Current At December 31 Prior Year Canon stock, $10 par value Paid-in capital in excess of par Retained earnings Year $ 148,800 599.88€ 345,500 $ 132,899 358,000 319.5ee The company's net Income for the current year ended December 31 was $64.000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock, $10 Par Beg bal. Issuance of common...
The following selected Information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings $ 188,800 $ 102,000 569,000 343, eee 315, 5ee 289,5ee The company's net income for the year ended December 31, 2017, was $49,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during 201 Common Stock, S10 Par Beg bal End, bai Paid-in Capital in Excess...
Can you please help with this problem ASAP, and I'll give a
thumbs up. I've tried putting -38,000 as credit in current year
dividends but it's incorrect. Please show how you got your answer.
Thank you.
QS 12-15 Computing financing cash flows LO P3 The following information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings Current Prior Year Year $ 140,000 $ 132,000 599,000 358,000...
The following selected information is from Princeton Company's comparative balance sheets. At Docenber 31 2018 2017 Coanon stock,$10 par value Paid-in capital in excess of par Retained earnings ,000 120,000 587,000 352,000 333,500 30,500 The following selected information is from Princeton Company's comparative balance sheets. At Decenber Common stock, $10 par value Paid-in oapital in exoess of par Rotained oarninga 2017 127,000 120,000 587,000 352,000 The company's net income for the year ended December 31, 2018, was $58,000. 1. Complete...
The following selected information is from Princeton Company's comparative balance sheets. 2015 At December 31 2014 Common stock, $10 par value S 133,000 S 124,000 Paid-in capital in excess of par 591,000 354,000 Retained earnings 337,500 311,500 The company's net income for the year ended December 31, 2015, was $60,000. 1. Complete the below table to calculate the cash received from the sale of its common stock during 2015 Common Stock, $10 Par Beg. bal. End. bal. End. bal. Cash...
The following information is from Princeton Company's comparative balance sheets. At December 31 Common stock, $10 par value Paid-in capital in excess of par Retained earnings Current Prior Year Year S 127.000 $ 120,000 587,000 352,000 333,500 307,500 The company's net income for the current year ended December 31 was $58,000. 1. Complete the T-accounts to calculate the cash received from the sale of its common stock during the current year. Common Stock, $10 Par Beg. bal. Dividends Dividends End,...
Please help with 2 and 3. Thank you!
2. ABC, Inc. has 4,000 shares of 6%, $50 par value cumulative preferred stock issued at the beginning of 2016 and 200 shares of cumulative preferred Treasury Stock. All remaining shares are common stock. Due to cash flow difficulties, the company was not able to pay dividends in 2016. The company plans to pay total dividends of $20,000 in 2017. How much of the $20,000 dividend will be paid to preferred stockholders...
7 QS 16-14 Computing financing cash flows LO P3 Indicate which of the following has an effect on financing cash flows. (Amounts that decrease cash should be indicated with a minus sign.) 0.43 points a. Notes payable with a carrying value of $15,000 are retired for $16,000 cash, resulting in a $1,000 loss. b. Paid cash dividends of $11,000 to common stockholders. c. Acquired $20,000 worth of machinery in exchange for common stock. eBook References Effect on financing Items Amount...
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