Homework Answers
| Ques 1 | ||
| common stock at par value | 1,167,000 | |
| common stock class A at par value | $ 0.010 | |
| 1167000/116670308 | ||
| Ques 2 | Last year | Current year |
| Number of shares | 71,055,347 | 69,463,560 |
| (116515495-45460148) | (116670308-47206748) | |
| Ques 3 | ||
| retained earnings | 2,228,499 | |
| ((2457727000-241145000+11917000)/1000) | ||
| Ques 4 | ||
| decreased assets by | 1883581 | |
| As of the end of the current year, treasury stock had decreased assets by | (1,883,581,000) | |
| Ques 5 | ||
| decreased stockholders equity by | 956,021 | |
| 1883581000+-927560000 | ||
| Ques 6 | ||
| Cost per share | $ 39.90 | |
| 1883581000/47206748 | ||
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The stockholders' equity section on the balance sheet of Mangum's, a popular department store, is shown...
Assume that the stockholders' equity section on the balance sheet of Dillard's, a popular department store,...
Assume that the stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. During the year, the company reported net income of $463,909,000 and declared and paid dividends of $10,002,000. Current Year Last Year 118,530 117,707 Stockholders' Equity: Common stock, Class A-118,529,925 and 117,706,523 shares issued; ? and ? shares outstanding Common stock, Class B (convertible)-4,010,929 shares issued and outstanding Additional paid-in capital Retained earnings Less treasury stock, at cost, Class A- 73,099, 319...
Assume that the stockholders' equity section on the balance sheet of Mangum's, a popular department store,...
Assume that the stockholders' equity section on the balance sheet of Mangum's, a popular department store, is shown below. During the year, the company reported net income of $241,115,000 and declared and paid dividends of $11,907.000. Current Year Last Year $ 1,166,000 $ 1,166,000 Stockholders' Equity: Common stock, Class A-116,630,308 and 116,575,495 shares issued; ? and ? shares outstanding Common stock, Class B (convertible)- 4,150,929 shares issued and outstanding Additional paid-in capital Retained earnings Less treasury stock, at cost, Class...
Assume that the stockholders equity section on the balance sheet of Dillards, a popular department is show. beliw.Durin...
Assume that the stockholders equity section on the balance sheet of
Dillards, a popular department is show. beliw.During the year, the
comoany reported net income of $463,909,000 and declared and oaid
dividends of $10,002,000
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Assume that the stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. During the year,...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year contains errors. Stockholders' Equity Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) $10,000,000 Excess of issue price over par 500,000 Paid-in capital, preferred stock $10,500,000 Retained earnings 96,700,000 Treasury stock (75,000 shares at cost) 1,755,000 Dividends payable 430,000 Total paid-in capital $109,385,000 Common stock, $20 par (1,000,000 shares authorized, 825,000 shares 17,655,000...
Stockholders' Equity section of balance sheet Instructions Accounts and Amount Descriptions Stockholders' Equity Instructions The following...
Stockholders' Equity section of balance sheet Instructions Accounts and Amount Descriptions Stockholders' Equity Instructions The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year. $3,073,800.00 Common stock, $47 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock 119,000.00 3 261,600.00 Retained Earnings 19,185,100.00 5 Treasury Stock 326,800.00 Prepare the Stockholders' Equity section of the balance sheet as of June 30 using Method 1...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year contains errors. Stockholders' Equity Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) Excess of issue price over par Paid-in capital, preferred stock Retained earnings Treasury stock (75,000 shares at cost) Dividends payable 10,000,000 500,000 $10,500,000 96,700,000 1,755,000 430,000 $109,385,000 17,655,000 300,000 Total paid-in capital Common stock, $20 par (1,000,000 shares authorized, 825,000...
The stockholders’ equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($...
The stockholders’ equity section of Velcro World is presented
here.
VELCRO WORLD
Balance Sheet (partial)
($ and shares in thousands)
Stockholders' equity:
Preferred stock, $1 par value
$
4,600
Common stock, $1 par value
16,000
Additional paid-in capital
401,000
Total paid-in capital
421,600
Retained earnings
274,000
Treasury stock, 12,000 common shares
(216,000
)
Total stockholders' equity
$
479,600
Based on the stockholders' equity section of Velcro World,
answer the following questions. Remember that all amounts are
presented in thousands.
Required...
Shown below is the stockholders' equity section of Tiny Tot's stockholders' equity section of the balance...
Shown below is the stockholders' equity section of Tiny Tot's stockholders' equity section of the balance sheet at December 31, 2020: Common stock, $1 par value, 5,000,000 shares authorized, 670,000 shares issued and outstanding Additional paid-in capital Retained earnings Total stockholders' equity $670,000 1,420,000 2,900,000 $ 4,990,000 During 2021, the following events occurred: Tiny Tot's was authorized to sell 100,000 shares of $100 par, 8% preferred stock Tiny Tot's sold 15,000 shares of the preferred stock at its par value...
Following is the stockholders' equity section from the The Walt Disney Company balance sheet. Stockholders' Equity...
Following is the stockholders' equity section from the The Walt Disney Company balance sheet. Stockholders' Equity ($ millions) Sep. 29, 2018 Sep. 30, 2017 Preferred stock $0 $0 Common stock, $0.01 par value, Authorized -4,600 shares, Issued -2,900 shares 36,779 36,248 Retained earnings 82,679 72,606 Accumulated other comprehensive loss (3,097) (3,528) Stockholders' Equity subtotal before Treasury Stock, Total 116,361 105,326 Treasury stock, at cost, 1,400 shares (67,588) (64,011) Total Disney Shareholders' equity 48,773 41,315 Noncontrolling interests 4,059 3,689 Total equity...
Problem 8-25 Analyzing the stockholders' equity section of the balance sheet The stockholders' equity section of...
Problem 8-25 Analyzing the stockholders' equity section of the balance sheet The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2016, is as follows. Stockholders Equity Paid-in capital 200,000 Preferred stock, ? par value, 6% cumulative, 100,000 shares authorized 10,000 shares issued and outstanding Common stock, $10 stated value, 200,000 shares authorized, 100,000 shares issued and ?? shares outstanding 1,000,000 Paid-in capital in excess of par- Preferred 25,000 Paid-in capital in 50o,000 excess of...
Assume that the stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. During the year, the company reported net income of $463,909,000 and declared and paid dividends of $10,002,000. Current Year Last Year 118,530 117,707 Stockholders' Equity: Common stock, Class A-118,529,925 and 117,706,523 shares issued; ? and ? shares outstanding Common stock, Class B (convertible)-4,010,929 shares issued and outstanding Additional paid-in capital Retained earnings Less treasury stock, at cost, Class A- 73,099, 319...
Assume that the stockholders' equity section on the balance sheet of Mangum's, a popular department store, is shown below. During the year, the company reported net income of $241,115,000 and declared and paid dividends of $11,907.000. Current Year Last Year $ 1,166,000 $ 1,166,000 Stockholders' Equity: Common stock, Class A-116,630,308 and 116,575,495 shares issued; ? and ? shares outstanding Common stock, Class B (convertible)- 4,150,929 shares issued and outstanding Additional paid-in capital Retained earnings Less treasury stock, at cost, Class...
Assume that the stockholders equity section on the balance sheet of
Dillards, a popular department is show. beliw.During the year, the
comoany reported net income of $463,909,000 and declared and oaid
dividends of $10,002,000
Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate completion Assume that the stockholders' equity section on the balance sheet of Dillard's, a popular department store, is shown below. During the year,...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year contains errors. Stockholders' Equity Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) $10,000,000 Excess of issue price over par 500,000 Paid-in capital, preferred stock $10,500,000 Retained earnings 96,700,000 Treasury stock (75,000 shares at cost) 1,755,000 Dividends payable 430,000 Total paid-in capital $109,385,000 Common stock, $20 par (1,000,000 shares authorized, 825,000 shares 17,655,000...
Stockholders' Equity section of balance sheet Instructions Accounts and Amount Descriptions Stockholders' Equity Instructions The following accounts and their balances appear in the ledger of Goodale Properties Inc. on June 30 of the current year. $3,073,800.00 Common stock, $47 par Paid-In Capital from Sale of Treasury Stock Paid-In Capital in Excess of Par-Common Stock 119,000.00 3 261,600.00 Retained Earnings 19,185,100.00 5 Treasury Stock 326,800.00 Prepare the Stockholders' Equity section of the balance sheet as of June 30 using Method 1...
Stockholders' Equity Section of Balance Sheet The following Stockholders' Equity section of the balance sheet prepared as of the end of the current year contains errors. Stockholders' Equity Paid-in capital: Preferred 2% stock, $80 par (125,000 shares authorized and issued) Excess of issue price over par Paid-in capital, preferred stock Retained earnings Treasury stock (75,000 shares at cost) Dividends payable 10,000,000 500,000 $10,500,000 96,700,000 1,755,000 430,000 $109,385,000 17,655,000 300,000 Total paid-in capital Common stock, $20 par (1,000,000 shares authorized, 825,000...
The stockholders’ equity section of Velcro World is presented
here.
VELCRO WORLD
Balance Sheet (partial)
($ and shares in thousands)
Stockholders' equity:
Preferred stock, $1 par value
$
4,600
Common stock, $1 par value
16,000
Additional paid-in capital
401,000
Total paid-in capital
421,600
Retained earnings
274,000
Treasury stock, 12,000 common shares
(216,000
)
Total stockholders' equity
$
479,600
Based on the stockholders' equity section of Velcro World,
answer the following questions. Remember that all amounts are
presented in thousands.
Required...
Shown below is the stockholders' equity section of Tiny Tot's stockholders' equity section of the balance sheet at December 31, 2020: Common stock, $1 par value, 5,000,000 shares authorized, 670,000 shares issued and outstanding Additional paid-in capital Retained earnings Total stockholders' equity $670,000 1,420,000 2,900,000 $ 4,990,000 During 2021, the following events occurred: Tiny Tot's was authorized to sell 100,000 shares of $100 par, 8% preferred stock Tiny Tot's sold 15,000 shares of the preferred stock at its par value...
Following is the stockholders' equity section from the The Walt Disney Company balance sheet. Stockholders' Equity ($ millions) Sep. 29, 2018 Sep. 30, 2017 Preferred stock $0 $0 Common stock, $0.01 par value, Authorized -4,600 shares, Issued -2,900 shares 36,779 36,248 Retained earnings 82,679 72,606 Accumulated other comprehensive loss (3,097) (3,528) Stockholders' Equity subtotal before Treasury Stock, Total 116,361 105,326 Treasury stock, at cost, 1,400 shares (67,588) (64,011) Total Disney Shareholders' equity 48,773 41,315 Noncontrolling interests 4,059 3,689 Total equity...
Problem 8-25 Analyzing the stockholders' equity section of the balance sheet The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2016, is as follows. Stockholders Equity Paid-in capital 200,000 Preferred stock, ? par value, 6% cumulative, 100,000 shares authorized 10,000 shares issued and outstanding Common stock, $10 stated value, 200,000 shares authorized, 100,000 shares issued and ?? shares outstanding 1,000,000 Paid-in capital in excess of par- Preferred 25,000 Paid-in capital in 50o,000 excess of...
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