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Problem 17-7 Stock Dividend Effects (LG17-6) If a firm has retained earnings of $3.2 million, a...
Problem 17-7 Stock Dividend Effects (LG17-6) If a firm has retained earnings of $2.7 million, a...
Problem 17-7 Stock Dividend Effects (LG17-6) If a firm has retained earnings of $2.7 million, a common shares account of $4.7 million, and additional patd-in capital of $9.4 million, how would these accounts change in response to a 10 percent stock dividend? Assume market value of equity is equal to book value of equity. (Enter your enswers in dollars not in millions. Input ell amounts as positive values. Indicate the direction of the effect by selecting "Increase, "decreese" or "no...
If a firm has retained earnings of $2.6 million, a common shares account of $4.6 million,...
If a firm has retained earnings of $2.6 million, a common shares account of $4.6 million, and additional paid-in capital of $9.2 million, how would these accounts change in response to a 10 percent stock dividend? Assume market value of equity is equal to book value of equity. (Enter your answers in dollars not in millions. Input all amounts as positive values. Indicate the direction of the effect by selecting "increase," "decrease," or "no change" from the drop-down menu.) Reatained...
If a firm has retained earnings of $23 million, a common shares account of $275 million, and additional paid-in capital...
If a firm has retained earnings of $23 million, a common shares account of $275 million, and additional paid-in capital of $100 million, determine the effect and calculate the amount of change in response to a 20 percent stock dividend? Assume market value of equity is equal to book value of equity. (Enter your answers in dollars not in millions. Leave no cells blank – be certain to enter "O" wherever required. Do not round intermediate calculations and round your...
Black Raptor Inc. has retained earnings of $500,000 and total stockholders' equity of $2,000,000. It has...
Black Raptor Inc. has retained earnings of $500,000 and total stockholders' equity of $2,000,000. It has 80,000 shares of $10 par value common stock outstanding, which is currently selling for $25 per share. What will occur if Black Raptor declares a 10% stock dividend on its common stock? Net income will decrease by $80,000. Retained earnings will decrease by $80,000 and total stockholders' equity will wil increase by $80,000. Retained earnings will decrease by $100,000 and total stockholders' equity will...
help with finding retained earnings and treasury stock Ivanhoe Company has two classes of capital stock...
help with finding retained earnings and treasury stock
Ivanhoe Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity. Preferred Stock, 152,200 shares Common Stock, 2,039,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $3,044,000 10,195,000 202,000 26,684,000 4,587,000 The following transactions affected stockholders' equity during 2021. Jan. 1 32,600 shares of preferred...
Connon stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings $ 420,00 100,00...
Connon stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings $ 420,00 100,000 340,000 In the fourth quarter, the following entries related to its equity are recorded. Date Oct. 2 Credit General Journal Retained Earnings Common Dividend Payable Debit 60,000 60,000 Oct. 25 Common Dividend Payable Cash 60,000 60,000 Oct. 31 83,000 Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Conmon Stock 40,000 43,000 Nov. 5 Common Stock Dividend...
20. The sale of common shares should be recorded as a (a) debit to Retained Earnings...
20. The sale of common shares should be recorded as a (a) debit to Retained Earnings and a credit to Cash. (b) debit to Cash and a credit to Retained Earnings. (c) debit to Cash and a credit to Common Shares. (d) debit to Common Shares and a credit to Cash. 21. Dividends in arrears on cumulative preferred shares (a) never have to be paid, even if common dividends are paid. (b) must be paid before common shareholders can receive...
Stock dividend: Firm Columbia Paper has the following stockholders equity account. The firm's common stock has...
Stock dividend: Firm Columbia Paper has the following stockholders equity account. The firm's common stock has a current market price of $30 per share. P14-9 $100,000 $20,000 $280,000 $100,000 $500,000 Preferred stock Common stock (10,000 shares at $2 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity a. Show the effects on Columbia of a 5% stock dividend. b. Show the effects of (1) a 10% and (2) a 20% stock dividend. c. In light of your...
Nummet, Financial Accounting, Be Help System Announcements CALCULATOR PRINTER VERSION BACK par) $1,104,000 and retained earnings...
Nummet, Financial Accounting, Be Help System Announcements CALCULATOR PRINTER VERSION BACK par) $1,104,000 and retained earnings $460,000. A 10% stock dividend (13,800 shares) Brief Exercise 11-6 The stockholders' equity section of Blue Spruce Corps balance sheet consists of common stock ( declared when the market price per share is $18. (a) Show the before and after effects of the dividend on the components of stockholders' equity. Before Dividend After Dividend Stockholders' Equity Paid-in Capital Common Stock 2104000 Paid in Capital...
Common Products has just made its first issue of stock. It raised $2.5 million by selling...
Common Products has just made its first issue of stock. It raised $2.5 million by selling 100,000 shares of stock to the public. These are the only shares outstanding. The par value of each share was $3. Complete the following table: (Enter your answers in dollars, not in millions.) Common stock (par value) Additional paid-in capital Retained earnings Net common equity $ 2,800,000
Problem 17-7 Stock Dividend Effects (LG17-6) If a firm has retained earnings of $2.7 million, a common shares account of $4.7 million, and additional patd-in capital of $9.4 million, how would these accounts change in response to a 10 percent stock dividend? Assume market value of equity is equal to book value of equity. (Enter your enswers in dollars not in millions. Input ell amounts as positive values. Indicate the direction of the effect by selecting "Increase, "decreese" or "no...
If a firm has retained earnings of $23 million, a common shares account of $275 million, and additional paid-in capital of $100 million, determine the effect and calculate the amount of change in response to a 20 percent stock dividend? Assume market value of equity is equal to book value of equity. (Enter your answers in dollars not in millions. Leave no cells blank – be certain to enter "O" wherever required. Do not round intermediate calculations and round your...
Black Raptor Inc. has retained earnings of $500,000 and total stockholders' equity of $2,000,000. It has 80,000 shares of $10 par value common stock outstanding, which is currently selling for $25 per share. What will occur if Black Raptor declares a 10% stock dividend on its common stock? Net income will decrease by $80,000. Retained earnings will decrease by $80,000 and total stockholders' equity will wil increase by $80,000. Retained earnings will decrease by $100,000 and total stockholders' equity will...
help with finding retained earnings and treasury stock
Ivanhoe Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity. Preferred Stock, 152,200 shares Common Stock, 2,039,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $3,044,000 10,195,000 202,000 26,684,000 4,587,000 The following transactions affected stockholders' equity during 2021. Jan. 1 32,600 shares of preferred...
Connon stock, $10 par value Paid-in capital in excess of par value, common stock Retained earnings $ 420,00 100,000 340,000 In the fourth quarter, the following entries related to its equity are recorded. Date Oct. 2 Credit General Journal Retained Earnings Common Dividend Payable Debit 60,000 60,000 Oct. 25 Common Dividend Payable Cash 60,000 60,000 Oct. 31 83,000 Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Conmon Stock 40,000 43,000 Nov. 5 Common Stock Dividend...
20. The sale of common shares should be recorded as a (a) debit to Retained Earnings and a credit to Cash. (b) debit to Cash and a credit to Retained Earnings. (c) debit to Cash and a credit to Common Shares. (d) debit to Common Shares and a credit to Cash. 21. Dividends in arrears on cumulative preferred shares (a) never have to be paid, even if common dividends are paid. (b) must be paid before common shareholders can receive...
Stock dividend: Firm Columbia Paper has the following stockholders equity account. The firm's common stock has a current market price of $30 per share. P14-9 $100,000 $20,000 $280,000 $100,000 $500,000 Preferred stock Common stock (10,000 shares at $2 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity a. Show the effects on Columbia of a 5% stock dividend. b. Show the effects of (1) a 10% and (2) a 20% stock dividend. c. In light of your...
Nummet, Financial Accounting, Be Help System Announcements CALCULATOR PRINTER VERSION BACK par) $1,104,000 and retained earnings $460,000. A 10% stock dividend (13,800 shares) Brief Exercise 11-6 The stockholders' equity section of Blue Spruce Corps balance sheet consists of common stock ( declared when the market price per share is $18. (a) Show the before and after effects of the dividend on the components of stockholders' equity. Before Dividend After Dividend Stockholders' Equity Paid-in Capital Common Stock 2104000 Paid in Capital...
Common Products has just made its first issue of stock. It raised $2.5 million by selling 100,000 shares of stock to the public. These are the only shares outstanding. The par value of each share was $3. Complete the following table: (Enter your answers in dollars, not in millions.) Common stock (par value) Additional paid-in capital Retained earnings Net common equity $ 2,800,000
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