Homework Answers
Given,
Retained earning as on Dec 31, 2014 = $485000
Retained earning as on Dec 31, 2015 = $ 565000
Addition to retained earning in 2015 = 565000-485000 = $80000
total Dividend = $3.5 * 35000 = $122500
So Net profit for year 2015 = Dividend paid in 2015 + Addition to retained earning in 2015 = 122500 + 80000 = $202500
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(5 points) On December 31, 2014, the Bradshaw Corporation had $485,000 as an ending balance for...
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Kohler Corporation reports the following components of stockholders equity on December 31, 2013:
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Kohler Corporation reports the following components of stockholders' equity at December 31, 2018 3.34 points Common...
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Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$25 par...
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8. Slate Corporation had the following balances in its stockholders' equity accounts at December 31, 2015:...
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Tower Corp. had the following stock outstanding and Retained Earnings at December 31, 2015: Common Stock...
Tower Corp. had the following stock outstanding and Retained
Earnings at December 31, 2015:
Common Stock (par $8; outstanding, 23,000
shares)
$
184,000
Preferred Stock, 7% (par $10; outstanding, 5,300
shares)
53,000
Retained Earnings
273,000
On December 31, 2015, the board of directors
is considering the distribution of a cash dividend to the common
and preferred stockholders. No dividends were declared during 2013
or 2014, and none have been declared yet in 2015. Three independent
cases are assumed:
Case A:...
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4.
5. 6.7.
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Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$20 par...
Kohler Corporation reports the following components of
stockholders’ equity at December 31, 2018.
Common stock—$20 par value, 100,000 shares authorized,
50,000 shares issued and outstanding
$
1,000,000
Paid-in capital in excess of par value, common stock
60,000
Retained earnings
430,000
Total stockholders' equity
$
1,490,000
During 2019, the following transactions affected its stockholders’
equity accounts.
Jan.
2
Purchased 5,500 shares of its own stock at $15 cash per
share.
Jan.
5
Directors declared a $6 per share cash dividend payable...
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$15 par...
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Tower Corp. had the following stock outstanding and Retained
Earnings at December 31, 2015:
Common Stock (par $8; outstanding, 23,000
shares)
$
184,000
Preferred Stock, 7% (par $10; outstanding, 5,300
shares)
53,000
Retained Earnings
273,000
On December 31, 2015, the board of directors
is considering the distribution of a cash dividend to the common
and preferred stockholders. No dividends were declared during 2013
or 2014, and none have been declared yet in 2015. Three independent
cases are assumed:
Case A:...
4.
5. 6.7.
Kohler Corporation reports the following components of stockholders' equity on December 31, 2016: Common stock-$20 par value, 100,000 shares authorized, 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 900,000 70,000 370,000 $1,340,000 In year 2017, the following transactions affected its stockholders' equity accounts. Jan. Jan. Feb. July Aug. Sept. 1 Purchased 5,500 shares of its own stock at $15 cash per share. 5 Directors declared...
Kohler Corporation reports the following components of
stockholders’ equity at December 31, 2018.
Common stock—$20 par value, 100,000 shares authorized,
50,000 shares issued and outstanding
$
1,000,000
Paid-in capital in excess of par value, common stock
60,000
Retained earnings
430,000
Total stockholders' equity
$
1,490,000
During 2019, the following transactions affected its stockholders’
equity accounts.
Jan.
2
Purchased 5,500 shares of its own stock at $15 cash per
share.
Jan.
5
Directors declared a $6 per share cash dividend payable...
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