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Sheffield Company provides you with the following condensed balance sheet information: $36,800 58,800 235,700 54,600 $385,900...
Bonita Company provides you with the following condensed balance sheet information: $ 42,600 58,800 247,500 64,100...
Bonita Company provides you with the following condensed balance sheet information: $ 42,600 58,800 247,500 64,100 $413,000 Assets Current assets Equity investments Equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Current and long-term liabilities Stockholders' equity Common stock ($5 par) $ 20,500 Paid-in capital in excess of par 114,600 Retained earnings 173,100 Total liabilities and stockholders' equity $104,800 308.200 $413,000 For each of the following transactions, indicate the dollar impact (if any) on the following five items: (1) total...
Kingbird Company provides you with the following condensed balance sheet information Assets Current assets Equity investments...
Kingbird Company provides you with the following condensed balance sheet information Assets Current assets Equity investments Equipment (net) Intangibles $ 43,900 64,800 238,100 58,300 $405,100 Total assets Liabilities and Stockholders' Equity Current and long-term liabilities Stockholders' equity $102,000 Common stock ($5 par) Paid-in capital in excess of par Retained earnings $ 19,900 112,800 170,400 303,100 Total liabilities and stockholders' equity $405,100 For each transaction below, indicate the dollar impact (if any) on the following five items: (1) total assets, (2)...
SS Company provides you with the following condensed balance sheet information: Assets (5) Total stockholders equity...
SS Company provides you with the following condensed balance sheet information: Assets (5) Total stockholders equity Current assets Equity investments Equipment (net) Intangibles 43,900 64,BOO 238,100 5B,300 $405,100 (c) akmuas declares and issues a 30% stock dividend when the market price of the stock is S 14 per share. Total assets (1) Total assets Liabilities and Stockholders Equity Current and long-term liabilities Stockholders' equity $102,000 (2) Common stock Common stock ($5 par》 Paid-in capital in excess of par Retained earnings...
Problem 15-8 Riverbed Company provides you with the following condensed balance sheet information Assets Current assets...
Problem 15-8 Riverbed Company provides you with the following condensed balance sheet information Assets Current assets Equity investments Equipment (net) Intangibles 43,300 57,600 248,800 62,900 $412,600 Total assets Liabilities and Stockholders Equity Current and long-term liabilities Stockholders' equity $94,100 Common stock ($5 par) Paid-in capital in excess of par Retained earnings 21,000 103,100 194,400 318,500 Total liabilities and stockholders' equity $412,600 For each transaction below, indicate the dollar impact (if any) on the following five items: (1) total assets, (2)...
Problem 15-8 Sheridan Company provides you with the following condensed balance sheet information: Assets Current assets...
Problem 15-8 Sheridan Company provides you with the following condensed balance sheet information: Assets Current assets $ 37,600 Equity investments 58,800 Equipment (net) 248,300 Intangibles 59,800 Total assets $404,500 Liabilities and Stockholders’ Equity Current and long-term liabilities $107,900 Stockholders’ equity Common stock ($5 par) $ 20,800 Paid-in capital in excess of par 117,100 Retained earnings 158,700 296,600 Total liabilities and stockholders’ equity: $404,500 For each transaction below, indicate the dollar impact (if any) on the following five items: (1) total...
Problem 15-08 Sweet Company provides you with the following condensed balance sheet information: Assets Current assets...
Problem 15-08
Sweet Company provides you with the following condensed balance
sheet information:
Assets
Current assets
$ 43,100
Equity investments
65,400
Equipment (net)
262,700
Intangibles
65,300
Total assets
$436,500
Liabilities and Stockholders’ Equity
Current and long-term liabilities
$108,500
Stockholders’ equity
Common stock ($5 par)
$ 20,200
Paid-in capital in excess of par
117,700
Retained earnings
190,100
328,000
Total liabilities and
stockholders’ equity
$436,500
For each of the following transactions, indicate the dollar impact
(if any) on the following five items:...
During its first year of operations, Sheffield Corp. had these transactions pertaining to its common stock....
During its first year of operations, Sheffield Corp. had these transactions pertaining to its common stock. Jan. 10 July 1 Issued 26,500 shares for cash at $5 per share. Issued 57,500 shares for cash at $7 per share. Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $5 per share. Of a transaction causes a decrease In Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of...
For a recent 2-year period, the balance sheet of Vaughn Company showed the following stockholders’ equity...
For a recent 2-year period, the balance sheet of Vaughn Company
showed the following stockholders’ equity data at December 31 (in
millions).
2017
2016
Additional paid-in
capital
$ 920
$ 818
Common stock
657
648
Retained earnings
7,190
5,260
Treasury stock
1,786
928
Total
stockholders’ equity
$6,981
$5,798
Common stock shares
issued
219
216
Common stock shares
authorized
500
500
Treasury stock shares
38
29
(a) Answer the following questions.
(1) What is the par value of the common stock?...
1. The stockholders' equity section of the balance sheet for Pokagon Corporation appeared as follows before...
1. The stockholders' equity section of the balance sheet for Pokagon Corporation appeared as follows before its recent stock dividend: Common stock, $10 par, 10,000 shares issued and outstanding $ 100,000 Additional paid-in capital - common 120,000 Retained earnings 150,000 Total stockholders' equity $370,000 Pokagon declared a 10% stock dividend when the market price per share was $20. After the stock dividend was distributed, the components of the stockholders' equity section were: Select one: A. Common Stock Additional Paid-in Capital...
Problem 15-03 Nash Company has two classes of capital stock outstanding: 8%, $20 par preferred and...
Problem 15-03
Nash Company has two classes of capital stock outstanding: 8%,
$20 par preferred and $5 par common. At December 31, 2020, the
following accounts were included in stockholders’ equity.
Preferred Stock, 148,200 shares
$ 2,964,000
Common Stock, 1,991,000 shares
9,955,000
Paid-in Capital in Excess of Par—Preferred Stock
207,000
Paid-in Capital in Excess of Par—Common Stock
26,478,000
Retained Earnings
4,495,000
The following transactions affected stockholders’ equity during
2021.
Jan. 1
29,200 shares of preferred stock issued at $23 per...
Bonita Company provides you with the following condensed balance sheet information: $ 42,600 58,800 247,500 64,100 $413,000 Assets Current assets Equity investments Equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Current and long-term liabilities Stockholders' equity Common stock ($5 par) $ 20,500 Paid-in capital in excess of par 114,600 Retained earnings 173,100 Total liabilities and stockholders' equity $104,800 308.200 $413,000 For each of the following transactions, indicate the dollar impact (if any) on the following five items: (1) total...
Kingbird Company provides you with the following condensed balance sheet information Assets Current assets Equity investments Equipment (net) Intangibles $ 43,900 64,800 238,100 58,300 $405,100 Total assets Liabilities and Stockholders' Equity Current and long-term liabilities Stockholders' equity $102,000 Common stock ($5 par) Paid-in capital in excess of par Retained earnings $ 19,900 112,800 170,400 303,100 Total liabilities and stockholders' equity $405,100 For each transaction below, indicate the dollar impact (if any) on the following five items: (1) total assets, (2)...
SS Company provides you with the following condensed balance sheet information: Assets (5) Total stockholders equity Current assets Equity investments Equipment (net) Intangibles 43,900 64,BOO 238,100 5B,300 $405,100 (c) akmuas declares and issues a 30% stock dividend when the market price of the stock is S 14 per share. Total assets (1) Total assets Liabilities and Stockholders Equity Current and long-term liabilities Stockholders' equity $102,000 (2) Common stock Common stock ($5 par》 Paid-in capital in excess of par Retained earnings...
Problem 15-8 Riverbed Company provides you with the following condensed balance sheet information Assets Current assets Equity investments Equipment (net) Intangibles 43,300 57,600 248,800 62,900 $412,600 Total assets Liabilities and Stockholders Equity Current and long-term liabilities Stockholders' equity $94,100 Common stock ($5 par) Paid-in capital in excess of par Retained earnings 21,000 103,100 194,400 318,500 Total liabilities and stockholders' equity $412,600 For each transaction below, indicate the dollar impact (if any) on the following five items: (1) total assets, (2)...
Problem 15-08
Sweet Company provides you with the following condensed balance
sheet information:
Assets
Current assets
$ 43,100
Equity investments
65,400
Equipment (net)
262,700
Intangibles
65,300
Total assets
$436,500
Liabilities and Stockholders’ Equity
Current and long-term liabilities
$108,500
Stockholders’ equity
Common stock ($5 par)
$ 20,200
Paid-in capital in excess of par
117,700
Retained earnings
190,100
328,000
Total liabilities and
stockholders’ equity
$436,500
For each of the following transactions, indicate the dollar impact
(if any) on the following five items:...
During its first year of operations, Sheffield Corp. had these transactions pertaining to its common stock. Jan. 10 July 1 Issued 26,500 shares for cash at $5 per share. Issued 57,500 shares for cash at $7 per share. Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $5 per share. Of a transaction causes a decrease In Assets, Liabilities or Stockholders' Equity place a negative sign for parentheses) in front of...
For a recent 2-year period, the balance sheet of Vaughn Company
showed the following stockholders’ equity data at December 31 (in
millions).
2017
2016
Additional paid-in
capital
$ 920
$ 818
Common stock
657
648
Retained earnings
7,190
5,260
Treasury stock
1,786
928
Total
stockholders’ equity
$6,981
$5,798
Common stock shares
issued
219
216
Common stock shares
authorized
500
500
Treasury stock shares
38
29
(a) Answer the following questions.
(1) What is the par value of the common stock?...
Problem 15-03
Nash Company has two classes of capital stock outstanding: 8%,
$20 par preferred and $5 par common. At December 31, 2020, the
following accounts were included in stockholders’ equity.
Preferred Stock, 148,200 shares
$ 2,964,000
Common Stock, 1,991,000 shares
9,955,000
Paid-in Capital in Excess of Par—Preferred Stock
207,000
Paid-in Capital in Excess of Par—Common Stock
26,478,000
Retained Earnings
4,495,000
The following transactions affected stockholders’ equity during
2021.
Jan. 1
29,200 shares of preferred stock issued at $23 per...
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