Homework Answers
par value of the common stock
=common stock account/shares of common stock
=3780000/420000
=9 or $9 per share
the above is answer..
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10. A firm has $3,780,000 In its common stock account and $37,800,000 in its paid-in capital...
A firm has $3,570,000 in its common stock account and $35,700,000 in its paid-in capital account....
A firm has $3,570,000 in its common stock account and $35,700,000 in its paid-in capital account. The firm issued 510,000 shares of common stock. What is the par value of the common stock?
Please show work (answer of paid-in capital excess of par-common stock is not 1188 and paid-in...
Please show work (answer of paid-in capital excess of par-common
stock is not 1188 and paid-in capital excess of par-preferred stock
is not 1635)
Coronado Corporation's charter authorized issuance of 91,000 shares of $10 par value common stock and 53,700 shares of $50 preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is independent of the others. 1. Issued a $10,500, 9% bond payable at par and gave as a bonus one share...
9. Here is a company's December 31" Equity Section of the balance sheet: Common Stock, $10...
9. Here is a company's December 31" Equity Section of the balance sheet: Common Stock, $10 par, 10,000 shares issued and outstanding $100,000 Paid-In Capital in Excess of Par - Common Stock 240,000 Retained Earnings 700,000 Total Stockholder's Equity $1,040,000 What was the market price paid for each share of common stock? 10. A corporation is authorized by its corporate charter to issue 10,000 shares of preferred stock with a 7% dividend rate and a par value of $3 per...
A firm issued 20 shares of common stock. It reported common stock at $40, additional paid...
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Carson Corporation has the following capital stock outstanding at December 31, 2019: 9% Preferred stock, $100...
Carson Corporation has the following capital stock outstanding at December 31, 2019: 9% Preferred stock, $100 par value, cumulative 15,000 shares issued and outstanding $1,500,000 Common stock, no par, $10 stated value, 500,000 shares authorized, 350,000 shares issued and outstanding $3,500,000 The preferred stock was issued at $110 per share. The common stock was issued at $16 per share. Instructions Prepare the paid-in capital section of the balance sheet at December 31, 2019. Carson Corporation Balance Sheet (partial) As of...
Apr. Cash | Common Stock 177000 Paid-in Capital in Excess of Par-Preferred Stock 383500 June 15...
Apr. Cash | Common Stock 177000 Paid-in Capital in Excess of Par-Preferred Stock 383500 June 15 Cash Dividends 127000 Dividends Payable 127000 TJuly 10 Dividends Payable 127000 T Cash 127000 Dec. Cash 18000 Common Stock 6000 Paid-in Capital in Excess of Par-Preferred Stock 12000 Dec. 15 I Cash Dividends | Dividends Payable 627200 On January 1, Oriole Corporation had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the...
Thomas Corporation Balance Sheet (partial) December 31, 2018 Stockholders' equity Paid-in-Capital 1) Preferred stock, 9%,...
Thomas Corporation Balance Sheet (partial) December 31, 2018 Stockholders' equity Paid-in-Capital 1) Preferred stock, 9%, $10 par value, 10,000 shares 1._________ authorized, 5,000 shares issued and outstanding Paid-In Capital in excess of par value – preferred 50,000 2) Common stock, $4 stated value, 50,000 shares authorized, 40,000 shares issued, and 39,000 2. ________ shares outstanding _________ Paid-In Capital in excess of stated value - common 240,000 3) Total Paid-in-Capital ...
A corporation has the following account balances Common Stock, S1 par value, $110000; Pald-in Capital in...
A corporation has the following account balances Common Stock, S1 par value, $110000; Pald-in Capital in Excess of Par Value $2740000. Based on this information, the number of shares issued is 110000 number of shares outstanding is 2850000 average price per share issued is $2.59. legal capital is $2850000
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...
Brief Exercise 15-4 Culver Corporation issued 328 shares of $10 par value common stock and 113...
Brief Exercise 15-4 Culver Corporation issued 328 shares of $10 par value common stock and 113 shares of $50 par value preferred stock for a lump sum of $15,057. The common stock has a market price of $20 per share, and the preferred stock has a market price of $90 per share. Prepare the journal entry to record the issuance. (Round intermediate calculations to 6 decimal places, e.g. 0.546872 and final answers to O decimal places, e.g., 1,520. Credit account...
Please show work (answer of paid-in capital excess of par-common
stock is not 1188 and paid-in capital excess of par-preferred stock
is not 1635)
Coronado Corporation's charter authorized issuance of 91,000 shares of $10 par value common stock and 53,700 shares of $50 preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is independent of the others. 1. Issued a $10,500, 9% bond payable at par and gave as a bonus one share...
9. Here is a company's December 31" Equity Section of the balance sheet: Common Stock, $10 par, 10,000 shares issued and outstanding $100,000 Paid-In Capital in Excess of Par - Common Stock 240,000 Retained Earnings 700,000 Total Stockholder's Equity $1,040,000 What was the market price paid for each share of common stock? 10. A corporation is authorized by its corporate charter to issue 10,000 shares of preferred stock with a 7% dividend rate and a par value of $3 per...
Apr. Cash | Common Stock 177000 Paid-in Capital in Excess of Par-Preferred Stock 383500 June 15 Cash Dividends 127000 Dividends Payable 127000 TJuly 10 Dividends Payable 127000 T Cash 127000 Dec. Cash 18000 Common Stock 6000 Paid-in Capital in Excess of Par-Preferred Stock 12000 Dec. 15 I Cash Dividends | Dividends Payable 627200 On January 1, Oriole Corporation had 97,500 shares of no-par common stock issued and outstanding. The stock has a stated value of $6 per share. During the...
A corporation has the following account balances Common Stock, S1 par value, $110000; Pald-in Capital in Excess of Par Value $2740000. Based on this information, the number of shares issued is 110000 number of shares outstanding is 2850000 average price per share issued is $2.59. legal capital is $2850000
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...
Brief Exercise 15-4 Culver Corporation issued 328 shares of $10 par value common stock and 113 shares of $50 par value preferred stock for a lump sum of $15,057. The common stock has a market price of $20 per share, and the preferred stock has a market price of $90 per share. Prepare the journal entry to record the issuance. (Round intermediate calculations to 6 decimal places, e.g. 0.546872 and final answers to O decimal places, e.g., 1,520. Credit account...
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