Several years ago, Baker Storage issued 4,000,000 shares of its $1 par common stock for $15...
Several years ago, Baker Storage issued 4,000,000 shares of its $1 par common stock for $15 per share. last year, for the first time, Baker required 100,000 of those shares for $13 per share. Assuming that Baker immediately retires all shares that it requires, by what amount will Baker's retained earnings change if it now requires another 100,000 shares for $20 per share?
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Several years ago, Baker Storage issued 4,000,000 shares of its
$1 par common stock for $15...
Agee Storage issued 45 million shares of its $1 par common stock at $22 per share...
Agee Storage issued 45 million shares of its $1 par common stock at $22 per share several years ago. Last year, for the first time, Agee reacquired 1 million shares at $20 per share. If Agee now retires 1 million shares at $25 per share. By what amount will Agee's total paid-in capital decline? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) Total paid-in capital will decline by million
Noah Company Balance in Common Stock Please answer promptly and show all work. Question 3 Save...
Noah Company
Balance in Common Stock
Please answer promptly and show all work.
Question 3 Save Answer Noah Storage issued 82,140 shares of its $2 par common stock at $10 per share several years ago. Last year, for the first time, Noah reacquired 16,940 shares at $9 per share. Assuming that Noah retires shares it reacquires. What is the balance in Common Stock after this transaction? $
Contributed Capital: Common Stock - $4 par value, 5,000,000 shares authorized, 300,000 shares issued and outstanding...
Contributed Capital: Common Stock - $4 par value, 5,000,000 shares authorized, 300,000 shares issued and outstanding Paid capital in Excess of Par, Common Retained Earnings Total Stockholders' Equity $1,200,000 1.600.000 2.000.000 $4,800,000 The following transactions occurred in sequence during 2019: a. Issued 40,000 shares of $100 par value, 10% cumulative preferred stock at par, b. Declared a 2 per 1 stock split on outstanding common shares. c. Bought land valued at $980,000 by using 100,000 shares of common stock. d....
At its date of incorporation, Coronado Industries issued 120000 shares of its $10 par common stock...
At its date of incorporation, Coronado Industries issued 120000 shares of its $10 par common stock at $12 per share. During the current year, Coronado acquired 21200 shares of its common stock at a price of $17 per share and accounted for them by the cost method. Subsequently, these shares were reissued at a price of $13 per share. There have been no other issuances or acquisitions of its own common stock. What effect does the reissuance of the stock...
In year 1, Pride Corp. issued 10,000 shares of $1 par value common stock for $8...
In year 1, Pride Corp. issued 10,000 shares of $1 par value common stock for $8 per share. In year 3, Pride repurchased and immediately retired 1,000 shares of the stock at $6 per share. Which of the following entries would be required to retire the shares? Click the answer you think is right. Credit paid-in capital $7,000. Debit common stock $6,000 Debit paid-in capital in excess of par $7,000. Debit retained earnings $6,000. Credit common stock $6,000. Read about...
Stockholders' Equity (January 1) Common stock-$6 par value, 100,000 shares authorized, 40,000 shares issued and outstanding...
Stockholders' Equity (January 1) Common stock-$6 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $240,000 200.000 340,000 $780,000 Stockholders' Equity (December 31) Common stock-$6 par value, 100,000 shares authorized, 47, 400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($30,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity $284,400 244,400 400,000...
Common Stock, $1 par (2,700,000 shares authorized, 705,000 shares issued and outstanding) $705,000 Paid-in Capital in...
Common Stock, $1 par (2,700,000
shares authorized, 705,000 shares issued and outstanding)
$705,000
Paid-in Capital in Excess of Par
Value
1,430,000
Retained Earnings
684,000
Accumulated Other Comprehensive Income
47,000
During 2022, the following transactions and events
occurred.
1.
Issued 45,500 shares of $1 par
value common stock for $2 per share.
2.
Issued 60,500 shares of common
stock for cash at $5 per share.
3.
Purchased 23,700 shares of common
stock for the treasury at $3.30 per share.
4.
Declared...
Common stock (par $1; no changes during the current year). Shares authorized 10,000,000. Shares issued, ?...
Common stock (par $1; no changes during the current year). Shares authorized 10,000,000. Shares issued, ? issue price $10 per share. Shares held as treasury stock, 53,000 shares, cost $11 per share. Net income for the current year, $1,672,100 Common Stock account, $780,000. Dividends declared and paid during the current year, $1 per share. Retained Earnings balance, beginning of year, $36,700,000. Required: Complete the following: (Round per share to 2 decimal places.) 780,000 2 Shares issued Shares outstanding The balance...
Early in 2008, Robbinsville Press was organized with authorization to issue 100,000 shares of $100 par value preferred stock and 500,000 shares of $1 par value common stock. Ten thousand shares of the preferred stock were issued at par, and 170,000 shares
Early in 2008, Robbinsville Press was organized with authorization to issue 100,000 shares of $100 par value preferred stock and 500,000 shares of $1 par value common stock. Ten thousand shares of the preferred stock were issued at par, and 170,000 shares of common stock were sold for $15 per share. The preferred stock pays an 8 percent cumulative dividend.During the first four years of operations (2008 through 2011), the corporation earned a total of $1,085,000 and paid dividends of...
Refer to the following information for Tolan Corporation: bullet Common Stock, $1.00 par, 106,000 shares issued,...
Refer to the following information for Tolan Corporation: bullet Common Stock, $1.00 par, 106,000 shares issued, 100,000 shares outstanding bullet Paid-In Capital in Excess of Parlong dashCommon: $2,190,000 bullet Retained Earnings: $920,000 bullet Treasury Stock: 6,000 shares purchased at $21 per share If Tolan resold 2,500 shares of treasury stock for $22.50 per share, which of the following statements would be true? A The Treasury Stock account would decrease by $52,500. B. The Retained Earnings account would increase by $56,250....
Agee Storage issued 45 million shares of its $1 par common stock at $22 per share several years ago. Last year, for the first time, Agee reacquired 1 million shares at $20 per share. If Agee now retires 1 million shares at $25 per share. By what amount will Agee's total paid-in capital decline? (Enter your answer in millions (i.e., 10,000,000 should be entered as 10).) Total paid-in capital will decline by million
Noah Company
Balance in Common Stock
Please answer promptly and show all work.
Question 3 Save Answer Noah Storage issued 82,140 shares of its $2 par common stock at $10 per share several years ago. Last year, for the first time, Noah reacquired 16,940 shares at $9 per share. Assuming that Noah retires shares it reacquires. What is the balance in Common Stock after this transaction? $
Contributed Capital: Common Stock - $4 par value, 5,000,000 shares authorized, 300,000 shares issued and outstanding Paid capital in Excess of Par, Common Retained Earnings Total Stockholders' Equity $1,200,000 1.600.000 2.000.000 $4,800,000 The following transactions occurred in sequence during 2019: a. Issued 40,000 shares of $100 par value, 10% cumulative preferred stock at par, b. Declared a 2 per 1 stock split on outstanding common shares. c. Bought land valued at $980,000 by using 100,000 shares of common stock. d....
In year 1, Pride Corp. issued 10,000 shares of $1 par value common stock for $8 per share. In year 3, Pride repurchased and immediately retired 1,000 shares of the stock at $6 per share. Which of the following entries would be required to retire the shares? Click the answer you think is right. Credit paid-in capital $7,000. Debit common stock $6,000 Debit paid-in capital in excess of par $7,000. Debit retained earnings $6,000. Credit common stock $6,000. Read about...
Stockholders' Equity (January 1) Common stock-$6 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $240,000 200.000 340,000 $780,000 Stockholders' Equity (December 31) Common stock-$6 par value, 100,000 shares authorized, 47, 400 shares issued, 3,000 shares in treasury Paid-in capital in excess of par value, common stock Retained earnings ($30,000 restricted by treasury stock) Less cost of treasury stock Total stockholders' equity $284,400 244,400 400,000...
Common Stock, $1 par (2,700,000
shares authorized, 705,000 shares issued and outstanding)
$705,000
Paid-in Capital in Excess of Par
Value
1,430,000
Retained Earnings
684,000
Accumulated Other Comprehensive Income
47,000
During 2022, the following transactions and events
occurred.
1.
Issued 45,500 shares of $1 par
value common stock for $2 per share.
2.
Issued 60,500 shares of common
stock for cash at $5 per share.
3.
Purchased 23,700 shares of common
stock for the treasury at $3.30 per share.
4.
Declared...
Common stock (par $1; no changes during the current year). Shares authorized 10,000,000. Shares issued, ? issue price $10 per share. Shares held as treasury stock, 53,000 shares, cost $11 per share. Net income for the current year, $1,672,100 Common Stock account, $780,000. Dividends declared and paid during the current year, $1 per share. Retained Earnings balance, beginning of year, $36,700,000. Required: Complete the following: (Round per share to 2 decimal places.) 780,000 2 Shares issued Shares outstanding The balance...
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