Question text Change in Stockholders' Equity Nikron Corporation issued 20,000 shares of $0.50 par value common...
Question text Change in Stockholders' Equity Nikron Corporation issued 20,000 shares of $0.50 par value common stock during the year for $40 each. Nikron also repurchased treasury stock for $30,000. Net income for the year was $240,000. The company also paid cash dividends of $50,000. What was the total change in Nikron's stockholders' equity for the year? $ Answer
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Question text Change in Stockholders' Equity Nikron Corporation
issued 20,000 shares of $0.50 par value common...
Stockholders' Equity (January 1) Common stock-$6 par value, 100,000 shares authorized, 40,000 shares issued and outstanding...
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, 400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($30,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity $284,400 244,400 400,000...
Stockholders' Equity (January 1) Common stock-$6 par value, 1ee, see shares authorized, 30,000 shares issued and...
Stockholders' Equity (January 1) Common stock-$6 par value, 1ee, see shares authorized, 30,000 shares issued and outstanding Paid-in capital in excess of par value, connon stock Retained earnings Total stockholders' equity $ 188,888 140,880 340,000 $662, see Stockholders' Equity (December 31) Common stock-$6 par value, 1ee, see shares authorized, 35,000 shares Issued, 5,eee shares in treasury Paid-in capital in excess of par value, connon stock Retained earnings (55e, Bee restricted by treasury stock) $21e, see 160, 820 42e,629 790,888 (5e.ee)...
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...
Stockholders' Equity (December 31, 2016) Common stock-$10 par value, 130,000 shares authorized, 50,000 shares issued and...
Stockholders' Equity (December 31, 2016) Common stock-$10 par value, 130,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 75,000 410,000 $ 985,000 Stockholders' Equity (December 31, 2017) Common stock-$10 par value, 130,000 shares authorized, 56, 370 shares issued, 4,500 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($90,000 restricted by treasury stock) $ 563,700 151, 440 740,000 1,455, 140...
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) 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...
The chart is for the 3rd question. Dividends Per Share Seacrest Company has 20,000 shares of...
The chart is for the 3rd question.
Dividends Per Share Seacrest Company has 20,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $150,000 Year 2 30,000 Year 3 180,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter 'o'. Year 1 Year 2 Year 3 Preferred...
Ex:8 Slate Corporation had the following balances in its stockholders' equity accounts December 31, 2017: Common...
Ex:8 Slate Corporation had the following balances in its stockholders' equity accounts December 31, 2017: Common Stock, $10 par, 500,000 shares authorized, 20,000 shares issued. $200,000 Paid-in Capital in Excess of Par Value, Common 250,000 Retained Earnings ........ 500,000 Treasury Stock, 1,000 shares ....... 20,000) Total stockholders' equity ............ ..... $930,000 The following transactions occurred during 2018: February 3 May 10 October 12 December 31 Sold and issued 2,000 shares of common stock for $22 per share. Declared a $0.50...
Stockholders' Equity (January 1 Common stock-$5 par value, 100,000 shares authorized, 35,000 shares issued and outstanding...
Stockholders' Equity (January 1 Common stock-$5 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 $175,000 135,000 340,000 $650,809 Stockholders' Equity (December 31) Common stock-$5 par value, 100,000 shares authorized, 41,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($60,000 restricted by treasury stock) $206,000 178,400 400,000 784,400 (60,000) $724,400 Less cost of treasury stock Total...
Land Corporation reported the following: Common Stock, $5.00 par, 217,000 shares authorized, 178,000 shares issued $890,000...
Land Corporation reported the following: Common Stock, $5.00 par, 217,000 shares authorized, 178,000 shares issued $890,000 Paid in Capital in Excess of Par—Common 202,000 Retained Earnings 231,000 Total Stockholders' Equity $1,323,000 Which of the following is included in the entry to record the corporation's purchase of 40,000 shares of its common stock for $13.50 per share? OA. Paid - In Capital from Treasury Stock Transactions is credited for $190,000. OB. Treasury Stock-Common is debited for $540,000. OC. Common Stock-$5.00 Par...
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...
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, 400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($30,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity $284,400 244,400 400,000...
Stockholders' Equity (January 1) Common stock-$6 par value, 1ee, see shares authorized, 30,000 shares issued and outstanding Paid-in capital in excess of par value, connon stock Retained earnings Total stockholders' equity $ 188,888 140,880 340,000 $662, see Stockholders' Equity (December 31) Common stock-$6 par value, 1ee, see shares authorized, 35,000 shares Issued, 5,eee shares in treasury Paid-in capital in excess of par value, connon stock Retained earnings (55e, Bee restricted by treasury stock) $21e, see 160, 820 42e,629 790,888 (5e.ee)...
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...
Stockholders' Equity (December 31, 2016) Common stock-$10 par value, 130,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 75,000 410,000 $ 985,000 Stockholders' Equity (December 31, 2017) Common stock-$10 par value, 130,000 shares authorized, 56, 370 shares issued, 4,500 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($90,000 restricted by treasury stock) $ 563,700 151, 440 740,000 1,455, 140...
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...
The chart is for the 3rd question.
Dividends Per Share Seacrest Company has 20,000 shares of cumulative preferred 3% stock, $100 par and 50,000 shares of $10 par common stock. The following amounts were distributed as dividends: Year 1 $150,000 Year 2 30,000 Year 3 180,000 Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter 'o'. Year 1 Year 2 Year 3 Preferred...
Ex:8 Slate Corporation had the following balances in its stockholders' equity accounts December 31, 2017: Common Stock, $10 par, 500,000 shares authorized, 20,000 shares issued. $200,000 Paid-in Capital in Excess of Par Value, Common 250,000 Retained Earnings ........ 500,000 Treasury Stock, 1,000 shares ....... 20,000) Total stockholders' equity ............ ..... $930,000 The following transactions occurred during 2018: February 3 May 10 October 12 December 31 Sold and issued 2,000 shares of common stock for $22 per share. Declared a $0.50...
Stockholders' Equity (January 1 Common stock-$5 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 $175,000 135,000 340,000 $650,809 Stockholders' Equity (December 31) Common stock-$5 par value, 100,000 shares authorized, 41,200 shares issued, 4,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($60,000 restricted by treasury stock) $206,000 178,400 400,000 784,400 (60,000) $724,400 Less cost of treasury stock Total...
Land Corporation reported the following: Common Stock, $5.00 par, 217,000 shares authorized, 178,000 shares issued $890,000 Paid in Capital in Excess of Par—Common 202,000 Retained Earnings 231,000 Total Stockholders' Equity $1,323,000 Which of the following is included in the entry to record the corporation's purchase of 40,000 shares of its common stock for $13.50 per share? OA. Paid - In Capital from Treasury Stock Transactions is credited for $190,000. OB. Treasury Stock-Common is debited for $540,000. OC. Common Stock-$5.00 Par...
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...
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