On January 1, 2020, Carla Vista Inc. had the following stockholders' equity balances.
Problem 14-04A (Video)
On January 1, 2020, Carla Vista Inc. had the following stockholders' equity balances.
Common Stock (575,000 shares issued) $ 1,150,000
Paid-in Capital in Excess of Par-Common stock 500,000
Common Stock Dividends Distributable 230,000
Retained Earnings 610,000
During 2020, the following transactions and events occurred.
1. issued 115,000 shares of $ 2 par value common stock as a result of 15% stock dividend declared on December 15,2021.
2. Issued 57,500 shares of common stock for cash at $ 4 per share.
3. Purchased 23,000 shares of common stock for the treasury at $ 5 per share.
4. Deoared and paid a cash dividend of $ 114,000.
5. Sold 7,000 shares of treasury stock for cash at 55 per share.
6. Earned net income of $ 340,000.
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On January 1, 2020, Carla Vista Inc. had the following stockholders' equity balances.
On January 1,2020, Ivanhoe Inc. had the following stockholders' equity balances.
Problem 14-04A (Video)On January 1,2020, Ivanhoe Inc. had the following stockholders' equity balances.Common Stock (425,000 shares issued) $ 850,000Paid-in Capital in Excess of Par-Common Stock 580,000Common Stock Dividends Distributable 130,000Retained Earnings 660,000During 2020, the following transactions and events occurred.1. Issued 65,000 shares of $ 2 par value common stock as a result of 15 % stock dividend declared on December 15,2021 .2. Issued 32,500 shares of common stock for cash at $ 4 per share.3. Purchased 31,000 shares of common stock...
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Problem 14-04A (Video)
On January 1, 2020, Pharoah Inc. had the following stockholders'
equity balances.
Common Stock (480,000 shares
issued)
$960,000
Paid-in Capital in Excess of
Par-Common Stock
560,000
Common Stock Dividends
Distributable
140,000
Retained Earnings
520,000
During 2020, the following transactions and events occurred.
1.
Issued 70,000 shares of $2 par value common stock as a result
of 15% stock dividend declared on December 15, 2021.
2.
Issued 35,000 shares of common stock for cash at $4 per
share....
On January 1, 2020, Oriole Inc. had the following stockholders' equity balances. Common Stock (595,000 shares...
On January 1, 2020, Oriole Inc. had the following stockholders'
equity balances.
Common Stock (595,000 shares
issued)
$1,190,000
Paid-in Capital in Excess of
Par-Common Stock
530,000
Common Stock Dividends
Distributable
210,000
Retained Earnings
640,000
During 2020, the following transactions and events occurred.
1.
Issued 105,000 shares of $2 par value common stock as a result
of 15% stock dividend declared on December 15, 2021.
2.
Issued 52,500 shares of common stock for cash at $4 per
share.
3.
Purchased 30,000...
On January 1, 2020, Pharoah Inc. had the following stockholders' equity balances. Common Stock (480,000 shares...
On January 1, 2020, Pharoah Inc. had the following stockholders' equity balances. Common Stock (480,000 shares issued) $960,000 Paid-in Capital in Excess of Par-Common Stock 560,000 Common Stock Dividends Distributable 140,000 Retained Earnings 520,000 During 2020, the following transactions and events occurred. 1. Issued 70,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2021. 2. Issued 35,000 shares of common stock for cash at $4 per share. 3. Purchased 21,000...
On January 1, 2020, Carla Vista Corporation nad the following stockholders' equity accounts.
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On January 1, 2020, Carla Vista Corporation had the followingstockholders’ equity accounts.Common Stock ($26...
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Problem 14-03A a-d On January 1, 2020, Carla Vista Corporation had the following stockholders' equity accounts....
Problem 14-03A a-d On January 1, 2020, Carla Vista Corporation had the following stockholders' equity accounts. Common Stock (no par value, 85,000 shares issued and outstanding) Retained Earnings $1,375,000 541,000 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...
On January 1, 2020, Carta Vista Corporation had the following stockholders' equity accounts.
Problem 14-03A a-d On January 1, 2020, Carta Vista Corporation had the following stockholders' equity accounts. Common Stock (no par value, 89,000 shares issued and outstanding) $1,450,000 Retained Earnings 476,000During 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 FebruaryApr. 1 Announced a 3-for-1 stock split. Prior to the split, the market price per share was $39. July 1 Declared a 4% stock dividend to stockholders of...
On January 1, 2020, Carla Vista Corporation had the followingstockholders’ equity accounts.Common Stock ($26...
On January 1, 2020, Carla Vista Corporation had the following stockholders’ equity accounts.Common Stock ($26 par value, 59,500 shares issued and outstanding)$1,547,000Paid-in Capital in Excess of Par—Common Stock191,000Retained Earnings564,000During the year, the following transactions occurred.Feb. 1Declared a $3 cash dividend per share to stockholders of record on February 15, payable March 1.Mar. 1Paid the dividend declared in February.Apr. 1Announced a 2-for-1 stock split. Prior to the split, the market price per share was $35.July 1Declared a 10% stock dividend to...
Problem 14-04A (Video)
On January 1, 2020, Pharoah Inc. had the following stockholders'
equity balances.
Common Stock (480,000 shares
issued)
$960,000
Paid-in Capital in Excess of
Par-Common Stock
560,000
Common Stock Dividends
Distributable
140,000
Retained Earnings
520,000
During 2020, the following transactions and events occurred.
1.
Issued 70,000 shares of $2 par value common stock as a result
of 15% stock dividend declared on December 15, 2021.
2.
Issued 35,000 shares of common stock for cash at $4 per
share....
On January 1, 2020, Oriole Inc. had the following stockholders'
equity balances.
Common Stock (595,000 shares
issued)
$1,190,000
Paid-in Capital in Excess of
Par-Common Stock
530,000
Common Stock Dividends
Distributable
210,000
Retained Earnings
640,000
During 2020, the following transactions and events occurred.
1.
Issued 105,000 shares of $2 par value common stock as a result
of 15% stock dividend declared on December 15, 2021.
2.
Issued 52,500 shares of common stock for cash at $4 per
share.
3.
Purchased 30,000...
On January 1, 2020, Pharoah Inc. had the following stockholders' equity balances. Common Stock (480,000 shares issued) $960,000 Paid-in Capital in Excess of Par-Common Stock 560,000 Common Stock Dividends Distributable 140,000 Retained Earnings 520,000 During 2020, the following transactions and events occurred. 1. Issued 70,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2021. 2. Issued 35,000 shares of common stock for cash at $4 per share. 3. Purchased 21,000...
Problem 14-03 A a-dOn January 1, 2020, Carla Vista Corporation nad the following stockholders' equity accounts.Common Stock (no par value, 85,000 shares issued and outstanding) $ 1,375,000Retained Earnings 541,000During 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 Annouriced a 3 -for-1 stock split, Prior to the split, the market price per share was 540.July 1 Declared a...
On January 1, 2020, Oriole Inc. had the following stockholders' equity balances. Common Stock (595,000 shares issued) Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings $1,190,000 530,000 210,000 640,000 During 2020, the following transactions and events occurred. 1. 2. 3. 4. 5. 6. Issued 105,000 shares of $2 par value common stock as a result of 15% stock dividend declared on December 15, 2021. Issued 52,500 shares of common stock for cash at $4 per...
Problem 14-03A a-d On January 1, 2020, Carla Vista Corporation had the following stockholders' equity accounts. Common Stock (no par value, 85,000 shares issued and outstanding) Retained Earnings $1,375,000 541,000 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...
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