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![Total stockholders equity calculation: 8 % preferred stock, $20 par value, cumulative, 10,600 shares authorized: 9,100 shares issued [9,100 X $20] Common stock, $10 par value ,980,000 shares authorized; 930,000 shares issued, 920,000 shares outstanding [930,000 X $10] Paid-in capital in excess of par- preferred stock Paid-in capital in excess of par- common stock Retained earnings Less: Treasury stock(14,800 shares) Total stockholders equity 182,000 9,300,000 35,000 11,420,000 3,730,000 (310,800) 24,356,200 Therefore the answer is $ 24,356,200 Explanation :The key to this problem is to recognize that when companies purchase their own shares and hold them for future use, the shares are called treasury stock. Treasury stock is recorded at the dollar amount paid for the stock. Treasury stock is a contra stockholders equity account. It has a debit balance while most stockholders equity accounts have credit balances](http://img.homeworklib.com/questions/17eb4d00-7582-11ea-bfbb-7381f5a692e3.png?x-oss-process=image/resize,w_560)
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Question 50 Marigold Corporation's December 31, 2018 balance sheet showed the following | 8% preferred stock,...
Coronado Corporation's December 31, 2020 balance sheet showed the following: $ 130000 7% preferred stock, $20...
Coronado Corporation's December 31, 2020 balance sheet showed the following: $ 130000 7% preferred stock, $20 par value, cumulative, 9500 shares authorized; 6500 shares issued Common stock, $10 par value, 1010000 shares authorized; 910000 shares issued, 890000 shares outstanding Paid-in capital in excess of par-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (10067 shares) 9100000 35000 11460000 3760000 317100 Coronado's total stockholders' equity was $24218900. $24197900. $24797900. $24167900.
Swifty Corporation's December 31, 2020 balance sheet showed the following
Swifty Corporation's December 31, 2020 balance sheet showed the following: 9% preferred stock, $20 par value, cumulative, 9400 shares authorized; 6400 shares issued $ 128000 Common stock, $10 par value, 1020000 shares authorized; 920000 shares issued, 900000 shares outstanding 9200000 Paid-in capital in excess of par-preferred stock 33000 Paid-in capital in excess of...
Question 13 (2 points) Nance Corporation's December 31, 2012 balance sheet showed the following: 8% preferred...
Question 13 (2 points) Nance Corporation's December 31, 2012 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 20,000 shares authorized: 10,000 shares issued $ 200,000 Common stock, $10 par value, 2,000,000 shares authorized 1,300,000 shares issued, 1,280,000 shares outstanding 13,000,000 Paid-in capital in excess of par value - preferred stock 40,000 Paid-in capital in excess of par value - common stock 18,000,000 Retained eamings 5,100,000 Treasury stock (20,000 shares) 420,000 Nance's total stockholders' equity was 1)...
Question 3 Swifty Corporation's December 31, 2021 balance sheet showed the following: $ 130000 7% preferred...
Question 3 Swifty Corporation's December 31, 2021 balance sheet showed the following: $ 130000 7% preferred stock, $20 par value, cumulative, 9000 shares authorized; 6500 shares issued Common stock, $10 par value, 1000000 shares authorized; 975000 shares issued, 960000 shares outstanding Paid-in capital in excess of per-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (14600 shares) 9750000 30000 13660000 3740000 315000 Swiftydeclared and paid a $59000 cash dividend on December 15, 2021. If the company's...
Tamarisk, Inc.’s December 31, 2020 balance sheet showed the following: 6% preferred stock, $20 par value,...
Tamarisk, Inc.’s December 31, 2020 balance sheet showed the following: 6% preferred stock, $20 par value, cumulative, 40000 shares authorized; 25000 shares issued $ 500000 Common stock, $10 par value, 3,000,000 shares authorized; 1,950,000 shares issued, 1,920,000 shares outstanding 19200000 Paid-in capital in excess of par value - preferred stock 50000 Paid-in capital in excess of par value - common stock 27700000 Retained earnings 9150000 Treasury stock (30,000 shares) 450000 Tamarisk declared and paid a $80200 cash dividend on December...
Splish Brothers Inc. December 31, 2020 balance sheet showed the following: 4% preferred stock, $500 par...
Splish Brothers Inc. December 31, 2020 balance sheet showed the following: 4% preferred stock, $500 par value $403,000 Common stock, $1 par value 582,000 Paid-in capital in excess of par value - preferred stock 63,000 Paid-in capital in excess of par value - common stock 8,110,000 Retained earnings 10,740,000 Treasury stock 148,400 The average cost of the treasury shares was $14 per share. Answer the following questions: How many shares of common stock have been issued as of December 31,...
Sheffield Corp. December 31, 2020 balance sheet showed the following: 4% preferred stock, $400 par value...
Sheffield Corp. December 31, 2020 balance sheet showed the
following:
4% preferred stock, $400 par value
$421,000
Common stock, $1 par value
527,000
Paid-in capital in excess of par value – preferred stock
79,000
Paid-in capital in excess of par value – common stock
8,440,000
Retained earnings
10,780,000
Treasury stock
162,880
The average cost of the treasury shares was $16 per share.
Answer the following questions:
How many shares of common stock have been issued as of December
31, 2020?...
The stockholders' equity section of Thomas Corporation's balance sheet at December 31, 2018, appears below: Preferred...
The stockholders' equity section of Thomas Corporation's balance sheet at December 31, 2018, appears below: Preferred Stock, 6%, $15 stated value, 50,000 shares authorized; 10,000 issued and outstanding Paid-in capital in excess of stated value-preferred stock Common stock, $10 par value, 400,000 shares authorized; 250,000 issued and outstanding 150,000 30.000 2,500,000 Paid-in capital in excess of par value-common stock Retained earnings 1,200,000 600,000 During 2019, the following stock transactions occurred: Jan. 18 Issued 5,000 shares of common stock at $30...
The stockholders' equity section of Porter Corporation's balance sheet as of December 31, 2018 is...
The stockholders' equity section of Porter Corporation's balance sheet as of December 31, 2018 is as follows: 8% Cumulative, Participative, Convertible Preferred Stocks, $75 par value: authorized, 500,000 shares; issued, 100,000 shares $7,500,000 Common stock, $12 stated value; authorized, 4,000,000 shares; issued, 400,000 shares 4,800,000 Paid-in capital in excess of par value – preferred stocks 2,000,000 Paid-in capital in excess of stated value – common stocks 2,400,000 Retained Earnings 9,000,000 The following events occurred during 2018: Jan. 5 35,000 shares...
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 ...
Coronado Corporation's December 31, 2020 balance sheet showed the following: $ 130000 7% preferred stock, $20 par value, cumulative, 9500 shares authorized; 6500 shares issued Common stock, $10 par value, 1010000 shares authorized; 910000 shares issued, 890000 shares outstanding Paid-in capital in excess of par-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (10067 shares) 9100000 35000 11460000 3760000 317100 Coronado's total stockholders' equity was $24218900. $24197900. $24797900. $24167900.
Question 13 (2 points) Nance Corporation's December 31, 2012 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 20,000 shares authorized: 10,000 shares issued $ 200,000 Common stock, $10 par value, 2,000,000 shares authorized 1,300,000 shares issued, 1,280,000 shares outstanding 13,000,000 Paid-in capital in excess of par value - preferred stock 40,000 Paid-in capital in excess of par value - common stock 18,000,000 Retained eamings 5,100,000 Treasury stock (20,000 shares) 420,000 Nance's total stockholders' equity was 1)...
Question 3 Swifty Corporation's December 31, 2021 balance sheet showed the following: $ 130000 7% preferred stock, $20 par value, cumulative, 9000 shares authorized; 6500 shares issued Common stock, $10 par value, 1000000 shares authorized; 975000 shares issued, 960000 shares outstanding Paid-in capital in excess of per-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (14600 shares) 9750000 30000 13660000 3740000 315000 Swiftydeclared and paid a $59000 cash dividend on December 15, 2021. If the company's...
Splish Brothers Inc. December 31, 2020 balance sheet showed the following: 4% preferred stock, $500 par value $403,000 Common stock, $1 par value 582,000 Paid-in capital in excess of par value - preferred stock 63,000 Paid-in capital in excess of par value - common stock 8,110,000 Retained earnings 10,740,000 Treasury stock 148,400 The average cost of the treasury shares was $14 per share. Answer the following questions: How many shares of common stock have been issued as of December 31,...
Sheffield Corp. December 31, 2020 balance sheet showed the
following:
4% preferred stock, $400 par value
$421,000
Common stock, $1 par value
527,000
Paid-in capital in excess of par value – preferred stock
79,000
Paid-in capital in excess of par value – common stock
8,440,000
Retained earnings
10,780,000
Treasury stock
162,880
The average cost of the treasury shares was $16 per share.
Answer the following questions:
How many shares of common stock have been issued as of December
31, 2020?...
The stockholders' equity section of Thomas Corporation's balance sheet at December 31, 2018, appears below: Preferred Stock, 6%, $15 stated value, 50,000 shares authorized; 10,000 issued and outstanding Paid-in capital in excess of stated value-preferred stock Common stock, $10 par value, 400,000 shares authorized; 250,000 issued and outstanding 150,000 30.000 2,500,000 Paid-in capital in excess of par value-common stock Retained earnings 1,200,000 600,000 During 2019, the following stock transactions occurred: Jan. 18 Issued 5,000 shares of common stock at $30...
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