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The answer is first one
No, Yes
Paid in capital will increase when funds are received i.e. on the day the rights are exercised and not when the rights are issued,
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the distribution of stock rights to existing common stockholders will increase paid-in capital at the Date...
COURCES Exercise 14-5 (Part Level Submission) On October 1, Little Bobby Corporation's stockholders' equity is as...
COURCES Exercise 14-5 (Part Level Submission) On October 1, Little Bobby Corporation's stockholders' equity is as follows. Common stock, $5 par value $383,500 Paid-in capital in excess of par-common stock 25,000 Retained earnings 169,000 Total stockholders' equity $577,500 Part On October 1, Little Bobby declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) Study Your answer is correct. Compute the par value per share (1) before the stock dividend and...
This financial Information is available for Sunland Corporation. Average common stockholders' equity Dividends paid to common...
This financial Information is available for Sunland Corporation. Average common stockholders' equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net Income Market price of common stock 2020 $1,755,000 84,000 22,000 286,500 21 2019 $2,100,000 72,000 22,000 243,000 The weighted average number of shares of common stock outstanding was 176,500 for 2019 and 147,500 for 2020. Calculate earnings per share and return on common stockholders' equity for 2020 and 2019. (Round answers to 2 decimal places, e.g. 10.50%...
On January 1, 2020, Cullumber Corporation had the following stockholders' equity accounts. Common Stock (no...
On January 1, 2020, Cullumber Corporation had the following stockholders' equity accounts. Common Stock (no per value, 93,000 shares issued and outstanding) $1,445,000 Retained Earnings 481,000 During the year, the following transactions occurred Feb. 1 Declared a $1 cash aividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February Apr. 1 Announced a 3-for-1 stock spit. Prior to the spit, the market price per share was $39 July 1...
Problem 11-8A (Part Level Submission) On January 1, 2017, Bridgeport Corp. had these stockholders' equity accounts....
Problem 11-8A (Part Level Submission) On January 1, 2017, Bridgeport Corp. had these stockholders' equity accounts. Common Stock ($10 par value, 67,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $670,000 516,500 665,000 During the year, the following transactions occurred Declared a $0.60 cash dividend per share to stockholders of record on January 31, payable February 15. Paid the dividend declared in January. Declared a 10% stock dividend to stockholders of record on April 30,...
Please solve. Show work if you can. Thanks! Exercise 14-05 a-b (Part Level Submission) (Video) On...
Please solve. Show work if you can. Thanks!
Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Pharoah Corporation's stockholders' equity is as follows. Common stock, $7 par value Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $536,200 23,000 168,000 $727,200 On October 1, Pharoah declares and distributes a 10% stock dividend when the market price of the stock is $15 per share. (a) Compute the par value per share (1) before the stock dividend...
Problem 11-6A On January 1, 2017, Shamrock, Inc. had these stockholders' equity balances Common Stock, $1...
Problem 11-6A On January 1, 2017, Shamrock, Inc. had these stockholders' equity balances Common Stock, $1 par (3,000,000 shares authorized, 600,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings Accumulated Other Comprehensive Income $600,000 1,600,000 697,000 57,000 During 2017, the following transactions and events occurred 1. Issued 54,000 shares of $1 par value common stock for $4 per share. 2. Issued 63,500 shares of common stock for cash at $3 per share. 3. Purchased 22,800...
Problem 15-11 a-c1 Bramble Corporation has outstanding 2,979,000 shares of common stock with a par value...
Problem 15-11 a-c1 Bramble Corporation has outstanding 2,979,000 shares of common stock with a par value of $10 each. The balance in its Retained Earnings account at January 1, 2020, was $23,993,000, and it then had Paid-in Capital in Excess of Par-Common Stock of $4,983,000. During 2020, the company's net income was $4,658,000. A cash dividend of $0.60 a share was declared on May 5, 2020, and was paid June 30, 2020, and a 6% stock dividend was declared on...
Brief Exercise 8-16 Riverbed Corp has 8,400 shares of common stock outstanding. It declares a $5...
Brief Exercise 8-16 Riverbed Corp has 8,400 shares of common stock outstanding. It declares a $5 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare a tabular summary to record the declaration and payment of the cash dividend. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability...
Brief Exercise 8-13 On May 10, Blue Spruce Corp. issues 3,300 shares of $4 par value...
Brief Exercise 8-13 On May 10, Blue Spruce Corp. issues 3,300 shares of $4 par value common stock for cash at $15 per share. Prepare a tabular summary to record the issuance of the stock. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equity Item that was reduced.) Assets - Liabilities + Stockholders' Equity Paid-in-Capital Retained Earnings PIC...
Brief Exercise 15-14 Pearl Corporation has outstanding 394,000 shares of $10 par value common stock. The...
Brief Exercise 15-14 Pearl Corporation has outstanding 394,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend when the fair value of the stock is $71 per share. Prepare the journal entries for both the date of declaration and the date of distribution. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)...
COURCES Exercise 14-5 (Part Level Submission) On October 1, Little Bobby Corporation's stockholders' equity is as follows. Common stock, $5 par value $383,500 Paid-in capital in excess of par-common stock 25,000 Retained earnings 169,000 Total stockholders' equity $577,500 Part On October 1, Little Bobby declares and distributes a 10% stock dividend when the market price of the stock is $14 per share. (a) Study Your answer is correct. Compute the par value per share (1) before the stock dividend and...
This financial Information is available for Sunland Corporation. Average common stockholders' equity Dividends paid to common stockholders Dividends paid to preferred stockholders Net Income Market price of common stock 2020 $1,755,000 84,000 22,000 286,500 21 2019 $2,100,000 72,000 22,000 243,000 The weighted average number of shares of common stock outstanding was 176,500 for 2019 and 147,500 for 2020. Calculate earnings per share and return on common stockholders' equity for 2020 and 2019. (Round answers to 2 decimal places, e.g. 10.50%...
On January 1, 2020, Cullumber Corporation had the following stockholders' equity accounts. Common Stock (no per value, 93,000 shares issued and outstanding) $1,445,000 Retained Earnings 481,000 During the year, the following transactions occurred Feb. 1 Declared a $1 cash aividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February Apr. 1 Announced a 3-for-1 stock spit. Prior to the spit, the market price per share was $39 July 1...
Problem 11-8A (Part Level Submission) On January 1, 2017, Bridgeport Corp. had these stockholders' equity accounts. Common Stock ($10 par value, 67,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings $670,000 516,500 665,000 During the year, the following transactions occurred Declared a $0.60 cash dividend per share to stockholders of record on January 31, payable February 15. Paid the dividend declared in January. Declared a 10% stock dividend to stockholders of record on April 30,...
Please solve. Show work if you can. Thanks!
Exercise 14-05 a-b (Part Level Submission) (Video) On October 1, Pharoah Corporation's stockholders' equity is as follows. Common stock, $7 par value Paid-in capital in excess of par-common stock Retained earnings Total stockholders' equity $536,200 23,000 168,000 $727,200 On October 1, Pharoah declares and distributes a 10% stock dividend when the market price of the stock is $15 per share. (a) Compute the par value per share (1) before the stock dividend...
Problem 11-6A On January 1, 2017, Shamrock, Inc. had these stockholders' equity balances Common Stock, $1 par (3,000,000 shares authorized, 600,000 shares issued and outstanding) Paid-in Capital in Excess of Par Value Retained Earnings Accumulated Other Comprehensive Income $600,000 1,600,000 697,000 57,000 During 2017, the following transactions and events occurred 1. Issued 54,000 shares of $1 par value common stock for $4 per share. 2. Issued 63,500 shares of common stock for cash at $3 per share. 3. Purchased 22,800...
Problem 15-11 a-c1 Bramble Corporation has outstanding 2,979,000 shares of common stock with a par value of $10 each. The balance in its Retained Earnings account at January 1, 2020, was $23,993,000, and it then had Paid-in Capital in Excess of Par-Common Stock of $4,983,000. During 2020, the company's net income was $4,658,000. A cash dividend of $0.60 a share was declared on May 5, 2020, and was paid June 30, 2020, and a 6% stock dividend was declared on...
Brief Exercise 8-16 Riverbed Corp has 8,400 shares of common stock outstanding. It declares a $5 per share cash dividend on November 1 to stockholders of record on December 1. The dividend is paid on December 31. Prepare a tabular summary to record the declaration and payment of the cash dividend. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability...
Brief Exercise 8-13 On May 10, Blue Spruce Corp. issues 3,300 shares of $4 par value common stock for cash at $15 per share. Prepare a tabular summary to record the issuance of the stock. If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Llability or Equity Item that was reduced.) Assets - Liabilities + Stockholders' Equity Paid-in-Capital Retained Earnings PIC...
Brief Exercise 15-14 Pearl Corporation has outstanding 394,000 shares of $10 par value common stock. The corporation declares a 100% stock dividend when the fair value of the stock is $71 per share. Prepare the journal entries for both the date of declaration and the date of distribution. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.)...
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