Homework Answers
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Cash dividend paid to common stockholders = Outstanding common shares * Dividends per share = 50,000 * 2 = 100,000 Option B is the answer |
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47. The following data is available for Warren County, Inc. on the date that the corporation...
2. The following data is available for John H. Corporation at December 31, common stock: authorize...
2. The following data is available for John H. Corporation at December 31, common stock: authorize shares 100,000 shares; issued number of shares 60,000 shares; treasury number of shares 5,000. If the Corporation pays a dividend of $2 per share, what is the total amount of the dividend paid to the common stockholders?
4 The following information is provided for the newly formed corporation, LAX, Inc. on January 1,...
4 The following information is provided for the newly formed corporation, LAX, Inc. on January 1, 2023: 5 Treasury Outstanding Authorized Issued Common stock, $1 par value: 100,000,000 35.000.000 34,510,000 Preferred stock, 6.5%, $100 par value: 1.000.000 500,000 Treasury stock, $42.35 basis: 490.000 10 11 1. On 3/31/23, LAX, Inc. issued 15,000,000 shares of of common stock in a seasoned offerring for $50.88 per share. Record the journal entry: 12 13 Date Accounts Debits Credits 14 15 2023/3/31 16 17...
REQUIRED: (1) Prepare the Journal Entries for the above transactions. (2) Prepare the Statement of Retained Earnings (In Good Form) as of 12/31/17. PROBLEM II: 45 POINTS (SHOW ALL WORK) Lemke C...
REQUIRED:
(1) Prepare the
Journal Entries for the above transactions.
(2) Prepare the
Statement of Retained Earnings (In Good Form) as of
12/31/17.
PROBLEM II: 45 POINTS (SHOW ALL WORK) Lemke Corporation produces and sells piano. The Stockholders' Equity accounts on January 1, 2017 are as follows: Common Stock, $10 par (100,000 shares authorized, 40,000 shares issued) PIC in Excess par- Common Stock Retained Earnings Treasury Stock (10,000 shares at cost) $400,000 200,000 900,000 200,000 The following transactions occurred during...
Question 2 (13 Points) Phipps Corporation on August 31, 2019 had Common Stock - $2 par...
Question 2 (13 Points) Phipps Corporation on August 31, 2019 had Common Stock - $2 par value: 600,000 shares authorized; 200,000 shares issued and outstanding with a balance of $400,000, Paid-in capital in excess of par value, common stock with a balance of $2,400,000, and Retained Earnings with a balance of $980,000 During the year (2019), the following transactions occurred: Sept. 1 Issued 10,000 shares of common stock at $15 per share. ( 12 ) 7 Purchased 8,000 shares of...
Answer in these formats please!! thank you! Ilhe following intormation applies to the questions displayed below.)...
Answer in these formats please!! thank you!
Ilhe following intormation applies to the questions displayed below.) The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-$6 par value, 100,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $210,000 170,000 340,000 $720,000 Stockholders' Equity (December 31) Common stock-$6 par value,...
The equity sections for Atticus Group at the beginning of the year (January 1) and end...
The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders’ Equity (January 1) Common stock—$5 par value, 100,000 shares authorized, 40,000 shares issued and outstanding $ 200,000 Paid-in capital in excess of par value, common stock 160,000 Retained earnings 340,000 Total stockholders’ equity $ 700,000 Stockholders’ Equity (December 31) Common stock—$5 par value, 100,000 shares authorized, 47,000 shares issued, 5,000 shares in treasury $ 235,000 Paid-in capital...
The following data is available for BOX Corporation at December 31, 2014: Common stock, par $10...
The following data is available for BOX Corporation at December 31, 2014: Common stock, par $10 (authorized 30,000 shares) $250,000 Treasury stock (at cost $15 per share) $1,500 Preferred stock, par $50 (authorized 10,000 shares) $500,000 Based on the data, how many shares of common stock are outstanding ie. voting? 24,900 25,000 29,000 40,000 80,000
The following data is available for Red Carpet Corporation at December 31: Common stock, par $2...
The following data is available for Red Carpet Corporation at December 31: Common stock, par $2 (authorized 300,000 shares) $250,000 Treasury stock (at cost $10 per share) $ 1,200 Based on the data, how many shares of common stock are outstanding? 125,000 300.000 149,880 298,880 124,880
The equity sections for Atticus Group at the beginning of the year (January 1) and end...
The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. 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, 47,000 shares issued, 5,000 shares in treasury Paid-in capital in excess of...
4 The Stockholders' Equity section of the balance sheets for Klee Corporation on December 31, 2018,...
4 The Stockholders' Equity section of the balance sheets for Klee Corporation on December 31, 2018, and December 31, 2019, along with other selected account balances on the two dates is provided below. Certain information is missing from the statements.) In 2019, the following transactions affecting equity occurred: 10 points 0. Additional shares of common stock were issued in April. No other common stock was issued during the year. b. A cash dividend of $1 per share was declared and...
4 The following information is provided for the newly formed corporation, LAX, Inc. on January 1, 2023: 5 Treasury Outstanding Authorized Issued Common stock, $1 par value: 100,000,000 35.000.000 34,510,000 Preferred stock, 6.5%, $100 par value: 1.000.000 500,000 Treasury stock, $42.35 basis: 490.000 10 11 1. On 3/31/23, LAX, Inc. issued 15,000,000 shares of of common stock in a seasoned offerring for $50.88 per share. Record the journal entry: 12 13 Date Accounts Debits Credits 14 15 2023/3/31 16 17...
REQUIRED:
(1) Prepare the
Journal Entries for the above transactions.
(2) Prepare the
Statement of Retained Earnings (In Good Form) as of
12/31/17.
PROBLEM II: 45 POINTS (SHOW ALL WORK) Lemke Corporation produces and sells piano. The Stockholders' Equity accounts on January 1, 2017 are as follows: Common Stock, $10 par (100,000 shares authorized, 40,000 shares issued) PIC in Excess par- Common Stock Retained Earnings Treasury Stock (10,000 shares at cost) $400,000 200,000 900,000 200,000 The following transactions occurred during...
Question 2 (13 Points) Phipps Corporation on August 31, 2019 had Common Stock - $2 par value: 600,000 shares authorized; 200,000 shares issued and outstanding with a balance of $400,000, Paid-in capital in excess of par value, common stock with a balance of $2,400,000, and Retained Earnings with a balance of $980,000 During the year (2019), the following transactions occurred: Sept. 1 Issued 10,000 shares of common stock at $15 per share. ( 12 ) 7 Purchased 8,000 shares of...
Answer in these formats please!! thank you!
Ilhe following intormation applies to the questions displayed below.) The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-$6 par value, 100,000 shares authorized, 35,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $210,000 170,000 340,000 $720,000 Stockholders' Equity (December 31) Common stock-$6 par value,...
The following data is available for Red Carpet Corporation at December 31: Common stock, par $2 (authorized 300,000 shares) $250,000 Treasury stock (at cost $10 per share) $ 1,200 Based on the data, how many shares of common stock are outstanding? 125,000 300.000 149,880 298,880 124,880
The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. 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, 47,000 shares issued, 5,000 shares in treasury Paid-in capital in excess of...
4 The Stockholders' Equity section of the balance sheets for Klee Corporation on December 31, 2018, and December 31, 2019, along with other selected account balances on the two dates is provided below. Certain information is missing from the statements.) In 2019, the following transactions affecting equity occurred: 10 points 0. Additional shares of common stock were issued in April. No other common stock was issued during the year. b. A cash dividend of $1 per share was declared and...
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