Homework Answers
| 7 | Average issue price per share of preferred stock=(Preferred stock total par value+Additional paid-in capital from preferred stock)/Number of preference shares issued | ||
| Number of preference shares issued=Preferred stock total par value/Par value of a preferred stock=1200000/100=12000 | |||
| Average issue price per share of preferred stock=(1200000+288000)/12000=$ 124 | |||
| 8 | Common stock outstanding=Common stock issued-Shares in treasury stock=140000-14000=126000 | ||
| 9 | Market price per share=Par value+Premium amount | ||
| Premium amount=Additional paid-in capital from stock dividends/Shares issued as stock dividend=400000/5000=$ 80 per share | |||
| Market price per share=2+80=$ 82 | |||
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year. Net income for the year...
Show steps on how to you get the answers. Required information [The following information applies to...
Show steps on how to you get the answers.
Required information [The following information 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-$4 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 $140,000 100,000 360,000 $600,000 Stockholders' Equity (December 31)...
eBook Show Me How Calculator Print Item Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells...
eBook Show Me How Calculator Print Item Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: Preferred 2% Stock, $150 par (50,000 shares authorized, 25,000 shares issued) $3,750,000 Paid-In Capital in Excess of Par-Preferred Stock 750,000 Common Stock, $25 par (500,000 shares authorized, 260,000 shares issued) 6,500,000 Paid-In Capital in Excess of Par-Common...
Eugene Inc.’s statement of stockholders’ equity on December 31, 2016 is as follows: 5% cumulative preferred...
Eugene Inc.’s statement of stockholders’ equity on December 31, 2016 is as follows: 5% cumulative preferred stock, $75 par,10,000 shares authorized; 6,000 shares issued and outstanding $450,000 Common stock, $1 par, 500,000 share authorized; 385,000 shares issued and outstanding 385,000 Paid-in capital in excess of par - Preferred stock 25,000 Paid-in capital in excess of par - Common stock 2,045,000 Retained earnings 220,000 Total stockholders’ equity $3,125,000 The following transactions occurred during 2017: Instruction: Prepare Journal entries for each of...
hi could you please take the time to answer these for me? 1 The year-end balance...
hi
could you please take the time to answer these for me?
1 The year-end balance sheet of Columbus Products, Inc., includes the following stockholders' equity section (with certain details omitted). Stockholders' equity: Capital stockı 78 cumulative preferred stock, $100 par value Common stock, $5 par value, 5,000,000 shares authorized, 3,600,000 ahares issued and outstanding Additional paid-in capitalı Common stock Retained earnings 20 points $ 13,000,000 18,000,000 44,000,000 eBook 64,450,000 Total stockholders' equity $139,450,000 References From this information, compute answers...
assuming that the company reports fects of stock-based compensation Accome the company P8-52. Identifying and Analyzing...
assuming that the company reports fects of stock-based compensation Accome the company P8-52. Identifying and Analyzing Financial Statement Effects of Stock Transactions The stockholders' equity of Verrecchia Company at December 31, 2016. follows. Common stock, $5 par value, 500,000 shares authorized: 350,000 shares issued and outstanding Paid-in capital in excess of par value. Retained earnings LO1 $1,750,000 800,000 634.000 Mar. 12 July 17 Oct. 1 During 2017, the following transactions occurred. Jan. 5 Issued 10,000 shares of common stock for...
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...
MULTI-CONCEPT PROBLEMS cember 31, 2017, balance sheet of Eldon Company Problem 11-12 Analysis of Stockholders' Equity...
MULTI-CONCEPT PROBLEMS cember 31, 2017, balance sheet of Eldon Company Problem 11-12 Analysis of Stockholders' Equity The Stockholders' Equity section of the December 31, 2017, balance sheet appeared as follows: Preferred stock, $30 par value, 5,000 shares authorized,? shares issued $120,000 Common stock, 2 par, 10,000 shares authorized 7,000 shares issued 70,000 Additional paid-in capital-Preferred 6,000 Additional paid-in capital-Common 560,000 Additional paid-in capital-Treasury stock 1,000 Multi-Concept Problems Total contributed capital Retained earnings Treasury stock, preferred, 100 shares Total stockholders' equity...
The following table shows the stockholders' equity account for Verataco Company at December 31, 2016. Stockholders'...
The following table shows the stockholders' equity account for Verataco Company at December 31, 2016. Stockholders' Equity Common stock, $5 par, 500,000 shares authorized; 350,000 shares issued and outstanding Paid-in capital in excess of par value Retained earnings 1,750,000 800,000 634,000 During 2017, the following transactions occurred: January 5 Issued 10,000 shares of common stock for $13 cash per share January 18 Repurchased 4,000 shares of common stock at $16 cash per share March 22 Sold 1,000 of the treasury...
Lyuity account. ALTERNATE MULTI-CONCEPT PROBLEMS oblem 11-12A Analysis of Stockholders' Equity The Stockholders' Equity...
Lyuity account. ALTERNATE MULTI-CONCEPT PROBLEMS oblem 11-12A Analysis of Stockholders' Equity The Stockholders' Equity section of the December 31, 2017, balance sheet of Carter Company appeared as follows: Preferred stock, $50 par value, 10,000 shares authorized,? shares issued Common stock, ? par value, 20,000 shares authorized, 14,000 shares issued $ 400,000 Additional paid-in capital-Preferred 280,000 Additional paid-in capital-Common 12,000 Additional paid-in capital-Treasury stock 980,000 Total contributed capital 2,000 Retained earnings $1,674,000 Treasury stock, preferred, 200 shares 80,000 (12,800) Total stockholders'...
The following table shows the stockholders' equity account for Verataco Company at December 31, 2016. Stockholders'...
The following table shows the stockholders' equity account for Verataco Company at December 31, 2016. Stockholders' Equity Common stock, $5 par, 500,000 shares authorized; 350,000 shares issued and outstanding Paid-in capital in excess of par value Retained earnings 1,750,000 800,000 634,000 During 2017, the following transactions occurred: January 5 Issued 10,000 shares of common stock for $13 cash per share January 18 Repurchased 4,000 shares of common stock at $16 cash per share March 22 Sold 1,000 of the treasury...
Show steps on how to you get the answers.
Required information [The following information 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-$4 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 $140,000 100,000 360,000 $600,000 Stockholders' Equity (December 31)...
eBook Show Me How Calculator Print Item Selected Stock Transactions Diamondback Welding & Fabrication Corporation sells and services pipe welding equipment in Illinois. The following selected accounts appear in the ledger of Diamondback Welding & Fabrication at the beginning of the current year: Preferred 2% Stock, $150 par (50,000 shares authorized, 25,000 shares issued) $3,750,000 Paid-In Capital in Excess of Par-Preferred Stock 750,000 Common Stock, $25 par (500,000 shares authorized, 260,000 shares issued) 6,500,000 Paid-In Capital in Excess of Par-Common...
hi
could you please take the time to answer these for me?
1 The year-end balance sheet of Columbus Products, Inc., includes the following stockholders' equity section (with certain details omitted). Stockholders' equity: Capital stockı 78 cumulative preferred stock, $100 par value Common stock, $5 par value, 5,000,000 shares authorized, 3,600,000 ahares issued and outstanding Additional paid-in capitalı Common stock Retained earnings 20 points $ 13,000,000 18,000,000 44,000,000 eBook 64,450,000 Total stockholders' equity $139,450,000 References From this information, compute answers...
assuming that the company reports fects of stock-based compensation Accome the company P8-52. Identifying and Analyzing Financial Statement Effects of Stock Transactions The stockholders' equity of Verrecchia Company at December 31, 2016. follows. Common stock, $5 par value, 500,000 shares authorized: 350,000 shares issued and outstanding Paid-in capital in excess of par value. Retained earnings LO1 $1,750,000 800,000 634.000 Mar. 12 July 17 Oct. 1 During 2017, the following transactions occurred. Jan. 5 Issued 10,000 shares of common stock for...
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...
MULTI-CONCEPT PROBLEMS cember 31, 2017, balance sheet of Eldon Company Problem 11-12 Analysis of Stockholders' Equity The Stockholders' Equity section of the December 31, 2017, balance sheet appeared as follows: Preferred stock, $30 par value, 5,000 shares authorized,? shares issued $120,000 Common stock, 2 par, 10,000 shares authorized 7,000 shares issued 70,000 Additional paid-in capital-Preferred 6,000 Additional paid-in capital-Common 560,000 Additional paid-in capital-Treasury stock 1,000 Multi-Concept Problems Total contributed capital Retained earnings Treasury stock, preferred, 100 shares Total stockholders' equity...
The following table shows the stockholders' equity account for Verataco Company at December 31, 2016. Stockholders' Equity Common stock, $5 par, 500,000 shares authorized; 350,000 shares issued and outstanding Paid-in capital in excess of par value Retained earnings 1,750,000 800,000 634,000 During 2017, the following transactions occurred: January 5 Issued 10,000 shares of common stock for $13 cash per share January 18 Repurchased 4,000 shares of common stock at $16 cash per share March 22 Sold 1,000 of the treasury...
Lyuity account. ALTERNATE MULTI-CONCEPT PROBLEMS oblem 11-12A Analysis of Stockholders' Equity The Stockholders' Equity section of the December 31, 2017, balance sheet of Carter Company appeared as follows: Preferred stock, $50 par value, 10,000 shares authorized,? shares issued Common stock, ? par value, 20,000 shares authorized, 14,000 shares issued $ 400,000 Additional paid-in capital-Preferred 280,000 Additional paid-in capital-Common 12,000 Additional paid-in capital-Treasury stock 980,000 Total contributed capital 2,000 Retained earnings $1,674,000 Treasury stock, preferred, 200 shares 80,000 (12,800) Total stockholders'...
The following table shows the stockholders' equity account for Verataco Company at December 31, 2016. Stockholders' Equity Common stock, $5 par, 500,000 shares authorized; 350,000 shares issued and outstanding Paid-in capital in excess of par value Retained earnings 1,750,000 800,000 634,000 During 2017, the following transactions occurred: January 5 Issued 10,000 shares of common stock for $13 cash per share January 18 Repurchased 4,000 shares of common stock at $16 cash per share March 22 Sold 1,000 of the treasury...
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