Shareholders Equity - Updated
1. Shareholders Equity - Updated
Description | Shares | Common Stock | Preferred Stock | Retained Earnings | Accumulated Other Comp. Income | Treasury Stock | Total Shareholder's Equity | |
Common | Preferred | |||||||
Balance as of December 31, 2015 | 30260 | 364,741 | 86,387 | 3,378 | 454,506 | |||
Issuance of preferred stock | 1000 | 10,000 | 10,000 | |||||
Repurchase shares | (7,502) | (7,502) | ||||||
Issued common cash dividend | (16,568) | (16,568) | ||||||
Comprehensive income | 36,930 | 36,930 | ||||||
- | ||||||||
Balance as of December 31, 2016 | 30260 | 1000 | 364,741 | 10,000 | 69,819 | 40,308 | (7,502) | 477,366 |
Repurchase shares | (3,500) | (3,500) | ||||||
Issued common stock dividend | 3026 | 30,260 | (30,260) | - | ||||
Issued common cash dividend | (24,686) | (24,686) | ||||||
Comprehensive income | 37,193 | 37,193 | ||||||
- | ||||||||
Balance as of December 31, 2017 | 33286 | 1000 | 395,001 | 10,000 | 14,873 | 77,500 | (11,002) | 486,373 |
2. Statement of comprehensive income -
Statement of comprehensive income | 2017 | 2016 |
Net Income | 38,918 | 37,489 |
Change in fair value of investment securities, AFS, net of tax | (1,725) | - |
Other comprehensive income | - | (559) |
Comprehensive income | $ 37,193 | $ 36,930 |
Shareholders Equity - Updated Shares Common Prefered Retained Accumulated Other Comp. Inc Total Shareholders' Equity...
Statement of Shareholders' Equity Example: Stanley, Inc. reported the following information for the year of 2016: Stanley is a calendar year corporation. Net Income of $120,000 Declared and paid a cash dividend of $10,000 Unrealized loss on AFS Securities of $60,000 The company issued 1,000 shares of common stock for $20 per share • Stanley reported the following account balances at January 1, 2016 (beginning of year): Common Stock, $5par Additional Paid-In Capital, common stock Accumulated Other Comprehensive Income Retained...
Problem 14-3A Excel Spreadsheet Template Journalizing dividend and share. repurchase transactions, report- ing shareholders' equity 2. Total shareholders' equity, $435,000 The balance sheet of Gaitree Ltd. at December 31, 2016, reported 250,000 common shares authorized, with 75,000 shares issued and a Common Shares balance of $187,500. Retained Earnings had a credit balance of $150,000. During 2017, the company completed the follow- ing selected transactions: Mar. 15 Repurchased 10,000 of the company's own common shares at $2.75 per share. Apr. 29...
Included in the December 31, 2015, Jacobi Company balance sheet was the following shareholders’ equity section: Jacobi Company Balance Sheet (Shareholders' Equity) December 31, 2015 1 Contributed Capital: 2 Preferred stock, 6%, $100 par $200,000.00 3 Additional paid-in capital on preferred stock 12,000.00 $212,000.00 4 Common stock, $5 par $150,000.00 5 Additional paid-in capital on common stock 240,000.00 390,000.00 6 Total contributed capital $602,000.00 7 Retained earnings 627,000.00 8 Accumulated other comprehensive income (loss): 9 Unrealized decrease in value of...
Issuing shares and preparing the shareholders' equity section of the balance sheet Problem 13-3A Riverbend Inc. was organized in 2016. At December 31, 2016, Riverbend Inc.'s balance sheet reported the following shareholders' equity: Preferred shares, $4.00, 200,000 shares authorized, none issued $ 0 Common shares, 1,000,000 shares authorized, 150,000 shares issued and outstanding 225,000 Retained earnings (Deficit) (50,000) Total shareholders' equity $175,000 5. Total shareholders' equity, 5613,750 768 Part 3 Accounting for Partnerships and Corporate Transactions Required Answer the following...
Bridgeport Corp. reported the following amounts in the shareholders’ equity section of its December 31, 2019 SFP: Preferred shares, $7 dividend (9,000 shares authorized, 2,000 shares issued) $206,000 Common shares (unlimited authorized, 29,000 issued) 696,000 Contributed surplus 81,700 Retained earnings 300,000 Accumulated other comprehensive income 67,000 Total $1,350,700 During 2020, the company had the following transactions that affect shareholders’ equity. 1. Paid the annual 2019 $7 per share dividend on preferred shares and a $3 per share dividend on common...
Comprehensive Dakota Corporation had the following shareholders' equity account balances at December 31, 2018: Preferred stock $1,800,000 Additional paid-in capital on preferred stock 90,000 Common stock 5,150,000 Additional paid-in capital on common stock 3,500,000 Retained earnings 4,000,000 Unrealized decrease in value of marketable equity securities 245,000 Treasury common stock 270,000 Transactions during 2019 and other information relating to the shareholders' equity accounts were as follows: 1. Dakota's preferred and common shares are traded on the over-the-counter market. At December 31,...
Statement of Shareholders'
Equity On January 1, 2019, Powder Company provided the following
shareholders' equity section of its balance sheet: Contributed
Capital:
ptatement of Snarenolders' Equity on January 1, 2019, Powder Company provided the following shareholders' equity section of its balance sheet: Contributed Capital: Preferred stock, $100 par $ 92,700 37,400 21,500 Common stock, $5 par Additional paid-in capital on preferred stock Additional paid-in capital on common stock Total contributed capital Retained earnings 58,700 $210,300 185,000 Total Shareholders' Equity $395,300...
Using the attached information, create a statement of retained
earnings for 2018 for XYZ corp
Common Stock $5,061 Total $7,298 5,033 383 (875) 209 (84) 320 (80) (7,001) (2,902) (1) $1,917 8,456 $5,061 Accumulated Additional Other Non- Paid-In Treasury Retained Comprehensive controlling Capital Stock Earnings Loss Interest $4,834 ($29,568) $39,657 ($12,748) $62 5,034 (875) 244 (35) (84) (63) (169) 89 (7,001) (2,902) (1) $4,762 ($36,097) $41,754 ($13,623) $60 8,458 (2) 2,997 (2,997) 247 238 (35) (88) 399 (190) 2,082 1,418...
Comprehensive Oakwood Inc. is a public enterprise whose shares are traded in the over-the-counter market. At December 31, 2015, Oakwood had 6,000,000 authorized shares of $10 par value common stock, of which 2,000,000 shares were issued and outstanding. The shareholders' equity accounts at December 31, 2015, had the following balances: Common stock Additional paid-in capital on common stock Retained earnings $20,000,000 7,500,000 6,470,000 Transactions during 2016 and other information relating to the shareholders' equity accounts were as follows: 1. On...
At the beginning of 2016, Zipper Company had the shareholders’ equity as shown below: Common stock $5 par $35,000 Additional Paid in Capital $49,000 Retained Earnings $63,000 During 2018, the following events and transactions occurred. Zipper had sales revenue of $108,000. It incurred Cost of Goods Sold of $62,000 and Operating Expenses of $12,000. Zipper issued 1,000 shares of its $5 par common stock for $14 per share at the beginning of the year and the same number of shares...