Homework Answers
| Book Value Per Shares = total of Stockholder's Equity / Number of Shares Outstanding | ||
| Book Value Per Shares = | ||
| Total of Stockholder's Equity = | $ 4,83,800 | |
| Divide By | "/"By | |
| Number of shares of outstanding | 41000 Shares | |
| Equal to | "=" To | |
| Book Value Per Shares = | $ 11.80 | |
| Answer = Option 2 = $ 11.80 | ||
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Maarvel Co. has 41,000 shares of common stock outstanding on December 31, 2018. The Paid-in Capital...
The stockholders’ equity section of the balance sheet for Mann Equipment Co. at December 31, 2018,...
The stockholders’ equity section of the balance sheet for Mann
Equipment Co. at December 31, 2018, is as follows.
Stockholders' Equity Paid-in capital Preferred stock,? par value, 4% cumulative, 290,000 shares authorized, 59,000 shares $590,006 1ssued and outstanding Common stock, $15 stated value, 340,000 shares authorized, 59,000?? shares issued and 885,000 49,000 outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated 295,000 value-Common Total paid-in capital Retained earnings Treasury stock, 3,000 shares Total stockholders equity 1,819,000...
Common Stock, $1 par (2,700,000 shares authorized, 705,000 shares issued and outstanding) $705,000 Paid-in Capital in...
Common Stock, $1 par (2,700,000
shares authorized, 705,000 shares issued and outstanding)
$705,000
Paid-in Capital in Excess of Par
Value
1,430,000
Retained Earnings
684,000
Accumulated Other Comprehensive Income
47,000
During 2022, the following transactions and events
occurred.
1.
Issued 45,500 shares of $1 par
value common stock for $2 per share.
2.
Issued 60,500 shares of common
stock for cash at $5 per share.
3.
Purchased 23,700 shares of common
stock for the treasury at $3.30 per share.
4.
Declared...
Sheffield Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par...
Sheffield Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par common. At December 31, 2017, the following accounts were included in stockholders’ equity. Preferred Stock, 50,000 shares$ 5,000,000 Common stock, 1,200,000 shares2,400,000 Paid-in Capital in Excess of Par – Preferred Stock300,000 Paid-in Capital in Excess of Par – Common Stock28,800,000 Retained Earnings12,800,000 The following transactions affected stockholders’ equity during 2018. Jan. 1-500 shares of preferred stock issued at $ 108 per share. Mar. 21-110,000...
Current Attempt in Progress Culver Company has two classes of capital stock outstanding: 7%, $100 par...
Current Attempt in Progress Culver Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par common. At December 31, 2017, the following accounts were included in stockholders' equity. Preferred Stock, 40,000 shares Common stock, 1.100,000 shares Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Par - Common Stock Retained Earnings $4,000,000 2,200,000 240,000 28,600,000 13,000,000 The following transactions affected stockholders' equity during 2018 Jan. 1 . 500 shares of...
Pina Colada Corp. has these accounts at December 31: Common Stock, $10 par, 5,600 shares issued, $56,000; Paid-in Capit...
Pina Colada Corp. has these accounts at December 31: Common Stock, $10 par, 5,600 shares issued, $56,000; Paid-in Capital in Excess of Par Value $19,100; Retained Earnings $44,100; and Treasury Stock, 510 shares, $11,220 Prepare the stockholders' equity section of the balance sheet. Pina Colada Corp. Balance Sheet (Partial)
Pina Colada Corp. has these accounts at December 31: Common Stock, $10 par, 5,600 shares issued, $56,000; Paid-in Capital in Excess of Par Value $19,100; Retained Earnings $44,100; and Treasury Stock,...
Sheffield Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par...
Sheffield Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par common. At December 31, 2017, the following accounts were included in stockholders’ equity. Preferred Stock, 50,000 shares $ 5,000,000 Common stock, 1,200,000 shares 2,400,000 Paid-in Capital in Excess of Par – Preferred Stock 300,000 Paid-in Capital in Excess of Par – Common Stock 28,800,000 Retained Earnings 12,800,000 The following transactions affected stockholders’ equity during 2018. Jan. 1 - 500 shares of preferred stock issued...
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...
Sandhill Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par...
Sandhill Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par common. At December 31, 2017, the following accounts were included in stockholders' equity. Preferred Stock, 40,000 shares Common stock. 800.000 shares Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Par - Common Stock Retained Earnings $4,000,000 1,600,000 240,000 19,200,000 12,900,000 The following transactions affected stockholders' equity during 2018. Jan. 1 - 500 shares of preferred stock issued at...
Dirk Company reported the following balances at December 31, 2018: common stock $500,000, paid-in capital in...
Dirk Company reported the following balances at December 31, 2018: common stock $500,000, paid-in capital in excess of par value-common stock $100,000, and retained earnings $250,000. During 2019, the following transactions affected stockholders' equity 1. Issued preferred stock with a par value of $125,000 for $200,000. 2. Purchased treasury stock (common) for $40,000. 3. Earned net income of $180,000, 4. Declared and paid cash dividends of $56,000. Prepare the stockholders' equity section of Dirk Company's December 31, 2019, balance sheet....
Ace Industries has the following shareholders’ equity accounts at December 31, 2018: Preferred stock, $100 par...
Ace Industries has the following shareholders’ equity accounts at December 31, 2018: Preferred stock, $100 par value, 10% dividend, 50,000 shares issued and outstanding $ 5,000,000 Common stock, $6 par value, 1 million shares issued and outstanding 6,000,000 Paid-in capital in excess of par 119,000,000 Unrestricted retained earnings 7,500,000 Retained earnings restricted for plant expansion 2,500,000 On December 15, 2018 Ace Industries repurchased 200,000 shares of its common stock for $10 per share. Based on its shareholders’ equity accounts, what...
The stockholders’ equity section of the balance sheet for Mann
Equipment Co. at December 31, 2018, is as follows.
Stockholders' Equity Paid-in capital Preferred stock,? par value, 4% cumulative, 290,000 shares authorized, 59,000 shares $590,006 1ssued and outstanding Common stock, $15 stated value, 340,000 shares authorized, 59,000?? shares issued and 885,000 49,000 outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated 295,000 value-Common Total paid-in capital Retained earnings Treasury stock, 3,000 shares Total stockholders equity 1,819,000...
Common Stock, $1 par (2,700,000
shares authorized, 705,000 shares issued and outstanding)
$705,000
Paid-in Capital in Excess of Par
Value
1,430,000
Retained Earnings
684,000
Accumulated Other Comprehensive Income
47,000
During 2022, the following transactions and events
occurred.
1.
Issued 45,500 shares of $1 par
value common stock for $2 per share.
2.
Issued 60,500 shares of common
stock for cash at $5 per share.
3.
Purchased 23,700 shares of common
stock for the treasury at $3.30 per share.
4.
Declared...
Current Attempt in Progress Culver Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par common. At December 31, 2017, the following accounts were included in stockholders' equity. Preferred Stock, 40,000 shares Common stock, 1.100,000 shares Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Par - Common Stock Retained Earnings $4,000,000 2,200,000 240,000 28,600,000 13,000,000 The following transactions affected stockholders' equity during 2018 Jan. 1 . 500 shares of...
Pina Colada Corp. has these accounts at December 31: Common Stock, $10 par, 5,600 shares issued, $56,000; Paid-in Capital in Excess of Par Value $19,100; Retained Earnings $44,100; and Treasury Stock, 510 shares, $11,220 Prepare the stockholders' equity section of the balance sheet. Pina Colada Corp. Balance Sheet (Partial)
Pina Colada Corp. has these accounts at December 31: Common Stock, $10 par, 5,600 shares issued, $56,000; Paid-in Capital in Excess of Par Value $19,100; Retained Earnings $44,100; and Treasury Stock,...
Sandhill Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par common. At December 31, 2017, the following accounts were included in stockholders' equity. Preferred Stock, 40,000 shares Common stock. 800.000 shares Paid-in Capital in Excess of Par - Preferred Stock Paid-in Capital in Excess of Par - Common Stock Retained Earnings $4,000,000 1,600,000 240,000 19,200,000 12,900,000 The following transactions affected stockholders' equity during 2018. Jan. 1 - 500 shares of preferred stock issued at...
Dirk Company reported the following balances at December 31, 2018: common stock $500,000, paid-in capital in excess of par value-common stock $100,000, and retained earnings $250,000. During 2019, the following transactions affected stockholders' equity 1. Issued preferred stock with a par value of $125,000 for $200,000. 2. Purchased treasury stock (common) for $40,000. 3. Earned net income of $180,000, 4. Declared and paid cash dividends of $56,000. Prepare the stockholders' equity section of Dirk Company's December 31, 2019, balance sheet....
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