Question

Shareholders Equity - Updated Shares Common Prefered Retained Accumulated Other Comp. Inc Total Shareholders Equity Description Common Prefered Stock Stoc

Balance Sheet 2017 2016 2015 Cash Investments- Securities Investments- Properties Fixed Assets Total Assets 5,000 9,856 1,424​​​​​​​

0 0
Add a comment Improve this question Transcribed image text
Answer #1

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
Add a comment
Know the answer?
Add Answer to:
Shareholders Equity - Updated ​​​​​​​ Shares Common Prefered Retained Accumulated Other Comp. Inc Total Shareholders' Equity...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • Statement of Shareholders' Equity Example: Stanley, Inc. reported the following information for the year of 2016:...

    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....

    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:...

    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....

    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...

    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...

    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...

    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...

    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...

    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...

    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...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT