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HP5P is a Canadian Controlled Private Corporation. The company was formed on Jan 1, 2017. On...
HP5P is a Canadian Controlled Private Corporation. The company was formed on Jan 1, 2017. On...
HP5P is a Canadian Controlled Private Corporation. The company was formed on Jan 1, 2017. On Dec 31, 2018, the company had 50,000 Common Shares and 20,000 $2 cumulative preferred shares outstanding. Contributed Share Capital on that date as per the Balance Sheet is the following: Common Shares: 150,000 Preferred Shares: 140,000 Retained Earnings: 79,250 During 2019, the company performed the following share related transactions. 1. Issued 5,000 common shares for $2.80 each. 2. Issued 1,000 preferred shares in exchange...
Explain how you calculated Jan.12 please as well as fill in the following Required information [The...
Explain how you calculated Jan.12 please as well as fill in the
following
Required information [The following information applies to the questions displayed below.] Sun Corporation received a charter that authorized the issuance of 98,000 shares of $5 par common stock and 19,000 shares of $125 par, 6 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation: 2018 Jan. 5 Sold 14,700 shares of the $5 par common stock for $7 per...
Sun Corporation received a charter that authorized the issuance of 116,000 shares of $5 par common...
Sun Corporation received a charter that authorized the issuance
of 116,000 shares of $5 par common stock and 21,000 shares of $100
par, 5 percent cumulative preferred stock. Sun Corporation
completed the following transactions during its first two years of
operation:
2018
Jan.
5
Sold 17,400 shares of the $5 par common stock for $7 per
share.
12
Sold 2,100 shares of the 5 percent preferred stock for $110 per
share.
Apr.
5
Sold 23,200 shares of the $5 par...
Vaughn Company reported the following amounts in the stockholders' equity section of its December 31, 2019,...
Vaughn Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 11%, $100 par (10,000 shares authorized, 2,000 shares issued) $200,000 Common stock, $5 par (92,500 shares authorized, 18,500 shares issued) 92,500 Additional paid-in capital 120,000 Retained earnings 413,000 Total $825,500 During 2020, Vaughn took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 $11 per share dividend on preferred stock and a $2 per share dividend...
Vaughn Company reported the following amounts in the stockholders' equity section of its December 31, 2019,...
Vaughn Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 11%, $100 par (10,000 shares authorized, 2,000 shares issued) $200,000 Common stock, $5 par (92,500 shares authorized, 18,500 shares issued) 92,500 Additional paid-in capital 120,000 Retained earnings 413,000 Total $825,500 During 2020, Vaughn took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 $11 per share dividend on preferred stock and a $2 per share dividend...
Pharma Shop Ltd. is a mid-sized public company that had been in operation for many years....
Pharma Shop Ltd. is a mid-sized public company that had been in operation for many years. On December 31, 2019, it had an unlimited number of common shares authorized and 6,700,000 shares issued at an average value of $25 per share. As well, there were 6,500,000 preferred shares authorized, with 325,000 of them issued at $15 per share. The balance in retained earnings was $26,650,000. The balance in accumulated other comprehensive income was $520,000. The preferred shares pay an annual...
The post-closing trial balance of Ivanhoe Corporation at December 31, 2020, contains the stockholders' equity accounts....
The post-closing trial balance of Ivanhoe Corporation at December 31, 2020, contains the stockholders' equity accounts. poration at December 31, 2020, contains the following Preferred Stock (15,000 shares issued) Common Stock (243,000 shares issued) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings $750,000 2,430,000 243,000 409,000 243,000 982,560 A review of the accounting records reveals the following. No errors have been made in recording 2020 transactions r in...
PROBLEM 1. The stockholders’ equity section of Dobroskey Corporation’s balance sheet as of December 31, 2019...
PROBLEM 1. The stockholders’ equity section of Dobroskey Corporation’s balance sheet as of December 31, 2019 is as follows: Stockholders’ Equity - Preferred Stock, 4% $100 par value, 100,000 shares authorized and 5000 shares issued and outstanding = $500,000 - Common stock, $10 par value; authorized, 2,000,000 shares auth; issued and outstanding 60,000 shares = $600,000 - Paid-in capital in excess of par = $850,000 - Retained earnings = $4,000,000 The following events occurred during 2020: - Jan. 5: 20,000 shares of authorized and unissued common...
Exercise 15-18 Teal Company reported the following amounts in the stockholders' equity section of its December...
Exercise 15-18 Teal Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock. 9%, $100 par (10,000 shares authorized. 1.900 shares issued) $190,000 Common stock, 55 par (98,000 shares authorized, 19.600 shares issued) 98,000 Additional paid-in capital 117,000 Retained earnings 470,000 Total $875,000 During 2020, Teal took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 59 per share dividend on preferred stock and a $2 per...
PROBLEM 1. The stockholders' equity section of Dobroskey Corporation's balance sheet as of December 31, 2019...
PROBLEM 1. The stockholders' equity section of Dobroskey Corporation's balance sheet as of December 31, 2019 is as follows: Stockholders' Equity - Preferred Stock. 4% $100 par value, 100,000 shares authorized and 5000 shares issued and outstanding $500,000 - Common stock. $10 par value: authorized, 2,000,000 shares auth: issued and outstanding 60,000 shares $600.000 Paid-in capital in excess of par = $850.000 - Retained earnings - $4.000.000 The following events occurred during 2020: - Jan. 5: 20,000 shares of authorized...
HP5P is a Canadian Controlled Private Corporation. The company was formed on Jan 1, 2017. On Dec 31, 2018, the company had 50,000 Common Shares and 20,000 $2 cumulative preferred shares outstanding. Contributed Share Capital on that date as per the Balance Sheet is the following: Common Shares: 150,000 Preferred Shares: 140,000 Retained Earnings: 79,250 During 2019, the company performed the following share related transactions. 1. Issued 5,000 common shares for $2.80 each. 2. Issued 1,000 preferred shares in exchange...
Explain how you calculated Jan.12 please as well as fill in the
following
Required information [The following information applies to the questions displayed below.] Sun Corporation received a charter that authorized the issuance of 98,000 shares of $5 par common stock and 19,000 shares of $125 par, 6 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation: 2018 Jan. 5 Sold 14,700 shares of the $5 par common stock for $7 per...
Sun Corporation received a charter that authorized the issuance
of 116,000 shares of $5 par common stock and 21,000 shares of $100
par, 5 percent cumulative preferred stock. Sun Corporation
completed the following transactions during its first two years of
operation:
2018
Jan.
5
Sold 17,400 shares of the $5 par common stock for $7 per
share.
12
Sold 2,100 shares of the 5 percent preferred stock for $110 per
share.
Apr.
5
Sold 23,200 shares of the $5 par...
Vaughn Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 11%, $100 par (10,000 shares authorized, 2,000 shares issued) $200,000 Common stock, $5 par (92,500 shares authorized, 18,500 shares issued) 92,500 Additional paid-in capital 120,000 Retained earnings 413,000 Total $825,500 During 2020, Vaughn took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 $11 per share dividend on preferred stock and a $2 per share dividend...
Vaughn Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock, 11%, $100 par (10,000 shares authorized, 2,000 shares issued) $200,000 Common stock, $5 par (92,500 shares authorized, 18,500 shares issued) 92,500 Additional paid-in capital 120,000 Retained earnings 413,000 Total $825,500 During 2020, Vaughn took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 $11 per share dividend on preferred stock and a $2 per share dividend...
Pharma Shop Ltd. is a mid-sized public company that had been in operation for many years. On December 31, 2019, it had an unlimited number of common shares authorized and 6,700,000 shares issued at an average value of $25 per share. As well, there were 6,500,000 preferred shares authorized, with 325,000 of them issued at $15 per share. The balance in retained earnings was $26,650,000. The balance in accumulated other comprehensive income was $520,000. The preferred shares pay an annual...
The post-closing trial balance of Ivanhoe Corporation at December 31, 2020, contains the stockholders' equity accounts. poration at December 31, 2020, contains the following Preferred Stock (15,000 shares issued) Common Stock (243,000 shares issued) Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Common Stock Dividends Distributable Retained Earnings $750,000 2,430,000 243,000 409,000 243,000 982,560 A review of the accounting records reveals the following. No errors have been made in recording 2020 transactions r in...
Exercise 15-18 Teal Company reported the following amounts in the stockholders' equity section of its December 31, 2019, balance sheet. Preferred stock. 9%, $100 par (10,000 shares authorized. 1.900 shares issued) $190,000 Common stock, 55 par (98,000 shares authorized, 19.600 shares issued) 98,000 Additional paid-in capital 117,000 Retained earnings 470,000 Total $875,000 During 2020, Teal took part in the following transactions concerning stockholders' equity. 1. Paid the annual 2019 59 per share dividend on preferred stock and a $2 per...
PROBLEM 1. The stockholders' equity section of Dobroskey Corporation's balance sheet as of December 31, 2019 is as follows: Stockholders' Equity - Preferred Stock. 4% $100 par value, 100,000 shares authorized and 5000 shares issued and outstanding $500,000 - Common stock. $10 par value: authorized, 2,000,000 shares auth: issued and outstanding 60,000 shares $600.000 Paid-in capital in excess of par = $850.000 - Retained earnings - $4.000.000 The following events occurred during 2020: - Jan. 5: 20,000 shares of authorized...
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