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Liberty Ventures Inc. reported $646,888 profit in 2020 and declared preferred dividends of $20,800. The following...
Horticultural Products Inc. reported $1,075,049 profit in 2020 and declared preferred dividends of $75,100. The following...
Horticultural Products Inc. reported $1,075,049 profit in 2020 and declared preferred dividends of $75,100. The following changes in common shares outstanding occurred during the year, Jan. 1 78,000 common shares were outstanding Mar. 1 Declared and issued 30x common share dividend. Aug. 1 Sold 30,000 common shares. Nov. 1 Sold 30,000 common shares. Calculate the weighted average number of common shares outstanding during the year and earnings per share. (Round the "Earnings per share" answer to 2 decimal places.) Weighted...
Kiwi Charter Corp. reported $1,127.200 of profit for 2020. On November 2, 2020, it declared and...
Kiwi Charter Corp. reported $1,127.200 of profit for 2020. On November 2, 2020, it declared and paid the annual preferred dividends of $139,000. On January 1, 2020, Kiwi had 72.000 and 180,000 outstanding preferred and common shares, respectively. The following transactions changed the number of shares outstanding during the year: Feb. 1 Declared and issued a 20% common share dividend. Apr. 3e Sold 127,eee common shares for cash. May 1 Sold 40,000 preferred shares for cash. Oct. 31 Sold 26,eee...
In 2020, Oriole Company reported net income of $576000. It declared and paid preferred stock dividends...
In 2020, Oriole Company reported net income of $576000. It declared and paid preferred stock dividends of $93000 and common stock dividends of $63000. During 2020, Oriole had a weighted average of 300000 common shares outstanding. Compute Oriole's 2020 earnings per share. $1.92 $1.61 $2.23 $1.40
Record the above transactions for 2018, including any entries required to close dividends declared and net...
Record the above transactions for 2018, including any entries
required to close dividends declared and net income to Retained
Earnings, open T accounts and post to the shareholders’ equity
accounts, prepare a statement of retained earnings for the
year.
On January 1, 2018, Macaron Ltd., a private company, had the following shareholders' equity accounts: Preferred shares, $1 noncumulative, unlimited number authorized, none issued Common shares, unlimited number authorized, 3.07 million issued Retained earnings $3,070,000 4,150,000 The following selected transactions occurred...
Record the above transactions for 2018, including any entries required to close dividends declared and net...
Record the above transactions for 2018, including any entries
required to close dividends declared and net income to Retained
Earnings. (Credit account titles are automatically
indented when the amount is entered. Do not indent manually. If no
entry is required, select "No Entry" for the account titles and
enter 0 for the amounts.)
Transaction entries:
Problem 11-4A (Part Level Submission) On January 1, 2018, Tarjee Ltd., a private company, had the following shareholders' equity accounts: Preferred shares, $1 noncumulative, unlimited...
The stockholders' equity section of Robert Corporation's balance sheet as of December 31, 2019 is as...
The stockholders' equity section of Robert Corporation's balance sheet as of December 31, 2019 is as follows: Common Stock. $1 par value; 1,500,000 shares issued and outstanding $ 1,500,000 Paid-in Capital in Excess of Par Common Stock 3,750,000 Preferred Stock, 5%, $50 par, cumulative, 20,000 shares issued and outstanding 1,000,000 Paid-in Capital in Excess of Par-Preferred Stock 1,250,000 Part A: On the next pages, record the journal entries for the events that occurred on the following dates during 2020. I...
transactions during 2014 Summerborn Manufacturing, Co. completed the following 900 $ 100 5% Preferred Common80,000 6...
transactions during 2014 Summerborn Manufacturing, Co. completed the following 900 $ 100 5% Preferred Common80,000 6 16-Jan Declared a cash dividend on the 5%, $100 par noncumulative preferred stock (900 shares outstanding). Declared a So.30 per share dividend on the 80,000 shares of $6 par value common stock outstanding. The date of record is $0.30 15-Feb Paid the cash dividends. 0-Jun Split common stock 2-for-1 30-Jul Declared a 50% stock dividend on the common stock. The market value of the...
3. Saturn Enterprises Inc. reported the following shareholders' equity on December 31, 2017 Preferred shares, $1...
3. Saturn Enterprises Inc. reported the following shareholders' equity on December 31, 2017 Preferred shares, $1 annual cumulative dividend, no par value, redeemable at $105 Common shares, no par value, authorized -1,000,000 shares; issued and outstanding Contributed surplus- common shares authorized -100,000 shares; issued and outstanding-40,000 shares $4,000,000 500,000 shares 5,000,000 240,000 Retained earnings he following transactions occurred in 2018: Jan 1, Saturn redeemed 10,000 preferred shares at call price. June 1, Saturn retired 100,000 common shares for $15 per...
On January 1, 2018, Tarjee Ltd., a private company, had the following shareholders' equity accounts: Preferred...
On January 1, 2018, Tarjee Ltd., a private company, had the following shareholders' equity accounts: Preferred shares, $1 noncumulative, unlimited number authorized, none issued Common shares, unlimited number authorized, 2.70 million issued Retained earnings $2,700,000 3,940,000 The following selected transactions occurred during 2018: Jan. 2 Issued 180,000 preferred shares at $25 per share. Feb. 8 Issued 90,000 common shares in exchange for land. On this date, the current value of the land was $184,000. The common shares have not recently...
Current Attempt in Progress Aloue Corp., a publicly traded company, had 2,800 preferred shares issued with...
Current Attempt in Progress Aloue Corp., a publicly traded company, had 2,800 preferred shares issued with a balance of $58,800 and 127,000 common shares issued with a balance of $635,000 at the beginning of the year. The following share transactions occurred during the year: June Issued 49,500 common shares for $6 per share. 12 July Issued 1,000 preferred shares for $25 per share. 11 Oct. 1 Issued 9,400 common shares in exchange for land. The common shares were trading for...
Horticultural Products Inc. reported $1,075,049 profit in 2020 and declared preferred dividends of $75,100. The following changes in common shares outstanding occurred during the year, Jan. 1 78,000 common shares were outstanding Mar. 1 Declared and issued 30x common share dividend. Aug. 1 Sold 30,000 common shares. Nov. 1 Sold 30,000 common shares. Calculate the weighted average number of common shares outstanding during the year and earnings per share. (Round the "Earnings per share" answer to 2 decimal places.) Weighted...
Kiwi Charter Corp. reported $1,127.200 of profit for 2020. On November 2, 2020, it declared and paid the annual preferred dividends of $139,000. On January 1, 2020, Kiwi had 72.000 and 180,000 outstanding preferred and common shares, respectively. The following transactions changed the number of shares outstanding during the year: Feb. 1 Declared and issued a 20% common share dividend. Apr. 3e Sold 127,eee common shares for cash. May 1 Sold 40,000 preferred shares for cash. Oct. 31 Sold 26,eee...
Record the above transactions for 2018, including any entries
required to close dividends declared and net income to Retained
Earnings, open T accounts and post to the shareholders’ equity
accounts, prepare a statement of retained earnings for the
year.
On January 1, 2018, Macaron Ltd., a private company, had the following shareholders' equity accounts: Preferred shares, $1 noncumulative, unlimited number authorized, none issued Common shares, unlimited number authorized, 3.07 million issued Retained earnings $3,070,000 4,150,000 The following selected transactions occurred...
Record the above transactions for 2018, including any entries
required to close dividends declared and net income to Retained
Earnings. (Credit account titles are automatically
indented when the amount is entered. Do not indent manually. If no
entry is required, select "No Entry" for the account titles and
enter 0 for the amounts.)
Transaction entries:
Problem 11-4A (Part Level Submission) On January 1, 2018, Tarjee Ltd., a private company, had the following shareholders' equity accounts: Preferred shares, $1 noncumulative, unlimited...
The stockholders' equity section of Robert Corporation's balance sheet as of December 31, 2019 is as follows: Common Stock. $1 par value; 1,500,000 shares issued and outstanding $ 1,500,000 Paid-in Capital in Excess of Par Common Stock 3,750,000 Preferred Stock, 5%, $50 par, cumulative, 20,000 shares issued and outstanding 1,000,000 Paid-in Capital in Excess of Par-Preferred Stock 1,250,000 Part A: On the next pages, record the journal entries for the events that occurred on the following dates during 2020. I...
transactions during 2014 Summerborn Manufacturing, Co. completed the following 900 $ 100 5% Preferred Common80,000 6 16-Jan Declared a cash dividend on the 5%, $100 par noncumulative preferred stock (900 shares outstanding). Declared a So.30 per share dividend on the 80,000 shares of $6 par value common stock outstanding. The date of record is $0.30 15-Feb Paid the cash dividends. 0-Jun Split common stock 2-for-1 30-Jul Declared a 50% stock dividend on the common stock. The market value of the...
3. Saturn Enterprises Inc. reported the following shareholders' equity on December 31, 2017 Preferred shares, $1 annual cumulative dividend, no par value, redeemable at $105 Common shares, no par value, authorized -1,000,000 shares; issued and outstanding Contributed surplus- common shares authorized -100,000 shares; issued and outstanding-40,000 shares $4,000,000 500,000 shares 5,000,000 240,000 Retained earnings he following transactions occurred in 2018: Jan 1, Saturn redeemed 10,000 preferred shares at call price. June 1, Saturn retired 100,000 common shares for $15 per...
On January 1, 2018, Tarjee Ltd., a private company, had the following shareholders' equity accounts: Preferred shares, $1 noncumulative, unlimited number authorized, none issued Common shares, unlimited number authorized, 2.70 million issued Retained earnings $2,700,000 3,940,000 The following selected transactions occurred during 2018: Jan. 2 Issued 180,000 preferred shares at $25 per share. Feb. 8 Issued 90,000 common shares in exchange for land. On this date, the current value of the land was $184,000. The common shares have not recently...
Current Attempt in Progress Aloue Corp., a publicly traded company, had 2,800 preferred shares issued with a balance of $58,800 and 127,000 common shares issued with a balance of $635,000 at the beginning of the year. The following share transactions occurred during the year: June Issued 49,500 common shares for $6 per share. 12 July Issued 1,000 preferred shares for $25 per share. 11 Oct. 1 Issued 9,400 common shares in exchange for land. The common shares were trading for...
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