Can you help me with these accounting questions? Please show full work. Thank you.
Homework Answers
| 5 | EPS = | (Net Income − Preferred Dividends)/ Common Shares outstanding | |
| = | $80,000 / 100,000 | ||
| = | $0.80 | ||
| 6 | No of issued common stock will increase to 1,000,000 | ||
| No journal entry | |||
| 7 | Purchase land with a note payable. | ||
| Purchase building by issuing a 50,000 shares of stock. | |||
| 8 | Net Income | ||
| + Depreciation Expense | |||
| - Increase in Accounts Receivable | |||
| - Gain on Disposal | |||
| 9 | P/E ratio = | Share price/EPS | |
| = | $25 / $.50 | ||
| = | 50 | ||
| 10 | The ending Cash on the BS = $44,000 | ||
| ($10,000 + $34,000) | |||
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Can you help me with these accounting questions? Please show
full work. Thank you.
7. JKL...
YOU MUST SHOW WORK ON ALL PROBLEMS TO RECEIVE CREDIT! ABC Corp. provides you with the...
YOU MUST SHOW WORK ON ALL PROBLEMS TO RECEIVE CREDIT! ABC Corp. provides you with the following data: Sales: $500,000; Selling Expense $40,000; Operating profit; $300,000; Interest expense: $25,000; Net Income: $100,000; Common stock (par): $16,000; Paid-in capital in exces of par: $214,000; total number of common shares outstanding: 46,000. a. Given the above (and asuming no flotation costs) what was the price of a share of common stock when it was sold? (8 points) b. Assuming no preferred stock,...
Please show all the work! Thank you so much! The following is the Shareholders Equity section...
Please show all the work! Thank you so much!
The following is the Shareholders Equity section of the BillyBoB Corporation at December 31, 2017: Preferred Stock, 10% annual dividend, $40 par, 100,000 shares authorized, 7,000 shares issued& outstanding280,000 Common Stock, $5 par, 750,000 shares authorized, 112,000 issued & outstanding.. Paid-In Capital in excess of par on preferred...70,000 Paid-In Capital in excess of par on common210,000 560,000 Retained Earnings 1,280,000 January 20, 2018 BillyBoB Corp issued 38,000 shares of common stock...
Please help me figure out what the incorrect ones are, thank you, thumbs up for corrections....
Please help me figure out what the incorrect ones are, thank
you, thumbs up for corrections.
Problem 13-01A a-c DeLong Corporation was organized on January 1 the first year. 2020 It is authorized to issue 10,000 shares of 6%炎100 par value preferred stock, and 500,000 shares of no par common stock with a stated value of $2 per share. The ollowing stock transactions were completed during an 10 Issued 80,000 shares of common stock for cash at $4 per share....
Seved Help Save & Exit Submit Check my work 7 Tom Yuppy, a wealthy investor, paid...
Seved Help Save & Exit Submit Check my work 7 Tom Yuppy, a wealthy investor, paid $20,000 for 1,000 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig Corp. issued an additional 2,000 shares of stock to Yuppy for $25 per share Required points Show the effect of the two stock issues on Leuig's books in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity...
Please give me full answer Problem 8-25 The stockl s as tollows.qty nalyzing the stockholders' equity...
Please give me full answer
Problem 8-25 The stockl s as tollows.qty nalyzing the stockholders' equity section of the balance sheet bolders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2016, LO 8-2, 8-4, 8-5, 8-7 by stockholders'Equity -in capital Paid-dered stock, ? par value, 6% cumulative, CHECK FIGURES a. Par value per share: $20 b. Dividend per share: $1.20 100,000 shares authorized. 10,000 shares issued and outstanding ommon stock, $10 stated value, 200,000 shares...
Concord Corp. completed the following transactions in 2014, the first year of operation: 1. Issued 16,000...
Concord Corp. completed the following transactions in 2014, the first year of operation: 1. Issued 16,000 shares of $18 par common stock for $27 per share. 2. Issued 6,200 shares of $54 par, 7 percent, preferred stock at $56 per share. 3. Paid the annual cash dividend to preferred shareholders. 4. Issued a 5 percent stock dividend on the common stock. The market value at the dividend declaration date was $36 per share. 5. Later that year, issued a 2-for-1...
PLEASE HELP AND SHOW ME HOW TO DO THIS THANK YOU SO MUCH F Enterprises Balance...
PLEASE HELP AND SHOW ME HOW TO DO THIS THANK YOU SO MUCH F Enterprises Balance Sheet (partial) At December 31, Year 4 Stockholders' Equity: Preferred stock ($75 par) $150,000 Common stock ($0.05 par) 7,500 Additional Paid in capital 2,246,500 Total paid in capital 2,404,000 Retained earnings 375,000 Treasury stock (4,000 common shares) (72,000) Total stockholders' equity $2,707,000 1. How many shares of preferred stock have been issued? ______ 2a. How many shares of common stock have been issued? ______ 2b. How...
Please help me figure out parts A, B, and C. Please show calculations. P16.7 (LO 4,...
Please help me figure out parts A, B, and C. Please show
calculations.
P16.7 (LO 4, 5) Groupwork (Computation of Basic and Diluted EPS) Charles Austin of the controller's office of Thompson Corporation was given the assignment of determining the basic and diluted earnings per share values for the year ending December 31, 2021. Austin has compiled the information listed below. 1. The company is authorized to issue 8,000,000 shares of $10 par value common stock. As of December 31,...
Accounting 327 – In-class activity, April 7, 2020 – Diluted Earnings Per Share Grassland Company had...
Accounting 327 – In-class activity, April 7, 2020 – Diluted Earnings Per Share Grassland Company had 200,000 shares of common stock outstanding on January 1, 2018. On September 30, 2018, Grassland sold 80,000 shares of common stock for cash. Grassland also had 40,000 shares of $10 par, 10%, noncumulative, convertible preferred stock outstanding throughout 2018. Each share is convertible into one share of common stock. Grassland also had $500,000 of 8% bonds outstanding throughout 2018. Each $1,000 bond is convertible...
Please show all work. Thank you in advance. The books of Crane Corporation carried the following...
Please show all work. Thank you in
advance.
The books of Crane Corporation carried the following account balances as of December 31, 2020. Cash Preferred Stock (6% cumulative, nonparticipating, $50 par) Common Stock (no-par value, 280,000 shares issued) Paid-in Capital in Excess of Par-Preferred Stock Treasury Stock (common 2,800 shares at cost) Retained Earnings $ 176,000 300,000 1,400,000 151,000 36,500 97,300 The company decided not to pay any dividends in 2020. The board of directors, at their annual meeting on...
Please show all the work! Thank you so much!
The following is the Shareholders Equity section of the BillyBoB Corporation at December 31, 2017: Preferred Stock, 10% annual dividend, $40 par, 100,000 shares authorized, 7,000 shares issued& outstanding280,000 Common Stock, $5 par, 750,000 shares authorized, 112,000 issued & outstanding.. Paid-In Capital in excess of par on preferred...70,000 Paid-In Capital in excess of par on common210,000 560,000 Retained Earnings 1,280,000 January 20, 2018 BillyBoB Corp issued 38,000 shares of common stock...
Please help me figure out what the incorrect ones are, thank
you, thumbs up for corrections.
Problem 13-01A a-c DeLong Corporation was organized on January 1 the first year. 2020 It is authorized to issue 10,000 shares of 6%炎100 par value preferred stock, and 500,000 shares of no par common stock with a stated value of $2 per share. The ollowing stock transactions were completed during an 10 Issued 80,000 shares of common stock for cash at $4 per share....
Seved Help Save & Exit Submit Check my work 7 Tom Yuppy, a wealthy investor, paid $20,000 for 1,000 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig Corp. issued an additional 2,000 shares of stock to Yuppy for $25 per share Required points Show the effect of the two stock issues on Leuig's books in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity...
Please give me full answer
Problem 8-25 The stockl s as tollows.qty nalyzing the stockholders' equity section of the balance sheet bolders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2016, LO 8-2, 8-4, 8-5, 8-7 by stockholders'Equity -in capital Paid-dered stock, ? par value, 6% cumulative, CHECK FIGURES a. Par value per share: $20 b. Dividend per share: $1.20 100,000 shares authorized. 10,000 shares issued and outstanding ommon stock, $10 stated value, 200,000 shares...
Please help me figure out parts A, B, and C. Please show
calculations.
P16.7 (LO 4, 5) Groupwork (Computation of Basic and Diluted EPS) Charles Austin of the controller's office of Thompson Corporation was given the assignment of determining the basic and diluted earnings per share values for the year ending December 31, 2021. Austin has compiled the information listed below. 1. The company is authorized to issue 8,000,000 shares of $10 par value common stock. As of December 31,...
Accounting 327 – In-class activity, April 7, 2020 – Diluted Earnings Per Share Grassland Company had 200,000 shares of common stock outstanding on January 1, 2018. On September 30, 2018, Grassland sold 80,000 shares of common stock for cash. Grassland also had 40,000 shares of $10 par, 10%, noncumulative, convertible preferred stock outstanding throughout 2018. Each share is convertible into one share of common stock. Grassland also had $500,000 of 8% bonds outstanding throughout 2018. Each $1,000 bond is convertible...
Please show all work. Thank you in
advance.
The books of Crane Corporation carried the following account balances as of December 31, 2020. Cash Preferred Stock (6% cumulative, nonparticipating, $50 par) Common Stock (no-par value, 280,000 shares issued) Paid-in Capital in Excess of Par-Preferred Stock Treasury Stock (common 2,800 shares at cost) Retained Earnings $ 176,000 300,000 1,400,000 151,000 36,500 97,300 The company decided not to pay any dividends in 2020. The board of directors, at their annual meeting on...
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