The balance sheet for Lauren Inc. shows the following: total
paid-in capital and retained earnings $850,000, total stockholders’
equity $819,000, common stock issued 41,000 shares, and common
stock outstanding 35,000 shares.
Compute the book value per share. (No preferred stock is
outstanding.) (Round answer to 2 decimal places, e.g.
15.25.)
Book value per share = Total stockholders’ equity/Common stock outstanding = 819000/35000= | 23.4 | ||||||||
The balance sheet for Lauren Inc. shows the following: total paid-in capital and retained earnings $850,000,...
Required information (The following information applies to the questions displayed below.) Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-5% cumulative, . authorized, issued, and outstanding Common stock-$ and outstanding Retained earnings par value, 1,000 shares $ 60,000 par value, 4,e00 shares authorized, issued, 140,000 400,000 s 600,000 Total stockholders equity 1. What are the par values of the corporation's preferred stock and its common stock? Par Value Corporation's preferred stock Corporation's common stock Required information (The...
Required Informetion The following information applies to the questions displayed below) Raphael Corporation's balance sheet shows the following stockholders' equity section. Preferred stock-5% cunulative, $ par value, 1,8ee shares authorized, issued, and outstanding Common stock-$ and outstanding Retained earnings $ se, eee par value, 4,0ee shares authorized, issued, 2ee, eee 398.000 Total stockholders' equity $ 648,880 3. I two years' preferred dividends are in arrears at the current date, what is the book value per share of common stock? Book...
The year-end balance sheet of Columbus Products, Inc., includes the following stockholders’ equity section (with certain details omitted). Stockholders' equity: Capital stock: 7% cumulative preferred stock, $100 par value $ 15,000,000 Common stock, $5 par value, 5,000,000 shares authorized, 3,900,000 shares issued and outstanding 19,500,000 Additional paid-in capital: Common stock 49,000,000 Retained earnings 64,450,000 Total stockholders’ equity $ 147,950,000 From this information, compute answers to the following questions. a. How many shares of preferred stock have been issued? b. What...
The equity section of Cyril Corporation's balance sheet shows the following: Preferred stock-5% cumulative, $25 par value, 10,000 shares issued and outstanding Common stock-$10 par value, 30,000 shares issued and outstanding Retained earnings $ 250,000 300,000 267,500 $ 817,500 Total stockholders' equity This year's dividends on preferred stock have been paid. Determine the book value per share of common stock under two separate situations. 1. No preferred dividends are in arrears. 2. Three years of preferred dividends are in arrears....
The equity section of Cyril Corporation’s balance sheet shows the following. Preferred stock—5% cumulative, $25 par value, 10,000 shares issued and outstanding $ 250,000 Common stock—$10 par value, 45,000 shares issued and outstanding 450,000 Retained earnings 267,500 Total stockholders’ equity $ 967,500 Determine the book value per share of common stock under two separate situations. 1. No preferred dividends are in arrears at the current date. 2. Three years of preferred dividends are in arrears at the current date. Determine...
What is common stock outstanding and show calculations please? Also, what is retained earnings balance and show calculations, same information used for both. ellegeinstructure.com/courses/9534/assignments/129284 The stockholders' equity section of Sarasota Corp's balance sheet at December 31 is presented here. SARASOTA CORP Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 10,833 shares authorized, 6,500 shares issued and outstanding Common stock, no par, 729,310 shares authorized, 564,000 shares issued Total paid-in capital $663,000 1.692.000 2,355,000 1.180.000 Retained earnings 3,535,000 Total...
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Matchlessly, Inc., was organized in 2017. At December 31, 2017, the company’s Balance sheet reported the following stockholders’ equity: Matchlessly, Inc. Stockholders’ Equity December 31,2017 Paid-in Capital Preferred stock, 7%, $40 par, 200,000 shares authorized, none issued $ 0 Common stock, $1 par, 600,000 shares authorized, 61,000 shares issued and outstanding 61,000 Paid-in capital in excess of par—common 41,000 Total paid-in capital 102,000 Retained earnings 29,000 Total Stockholders’ equity $131,000 Requirements: 1. During 2018, the company completed the following selected...
Matchlessly, Inc., was organized in 2017. At December 31, 2017, the company’s Balance sheet reported the following stockholders’ equity: Matchlessly, Inc. Stockholders’ Equity December 31,2017 Paid-in Capital Preferred stock, 7%, $40 par, 200,000 shares authorized, none issued $0 Common stock, $1 par, 600,000 shares authorized, 61,000 shares issued and outstanding 61,000 Paid-in capital in excess of par—common 41,000 Total paid-in capital 102,000 Retained earnings 29,000 Total Stockholders’ equity 131,000 Requirements: 1. During 2018, the company completed the following selected transactions...
Matchlessly, Inc., was organized in 2017. At December 31, 2017, the company’s Balance sheet reported the following stockholders’ equity: Matchlessly, Inc. Stockholders’ Equity December 31,2017 Paid-in Capital Preferred stock, 7%, $40 par, 200,000 shares authorized, none issued $0 Common stock, $1 par, 600,000 shares authorized, 61,000 shares issued and outstanding 61,000 Paid-in capital in excess of par—common 41,000 Total paid-in capital 102,000 Retained earnings 29,000 Total Stockholders’ equity 131,000 Requirements: 1. During 2018, the company completed the following selected transactions...