Homework Answers
| Sweet Company | |||
| Stockholders Equity | |||
| Paid in capital | Amount in $ | ||
| Capital stock | |||
| Common stock | 10,185,500 | =9955000+(46100*5) | |
| Preferred Stock | 3,548,000 | =2964000+(29200*20) | |
| Total Capital Stock | 13,733,500 | ||
| Additional paid in capital | |||
| Paid in capital in excess of par-preferred Stock | 294,600 | =207000+(29200*3) | |
| Paid in Capital in excess of par-Treasury Stock | 18,400 | =9200*(12-10) | |
| Paid in capital in excess of par -Common Stock | 27,215,600 | =26478000+(46100*16) | |
| 27,528,600 | |||
| Total paid in capital | 41,262,100 | ||
| Retained earnings | 4,189,834 | =4495000+2138000-((148200+29200)*20*8%)-((1991000+46100)*2*0.53) | |
| Total paid in capital & retained earnings | 45,451,934 | ||
| Less:Treasury stock | 197,000 | =(28900-9200)*10 | |
| Total stockholders equity | 45,254,934 | ||
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Sweet Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par...
Sarasota Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par...
Sarasota Company has two classes of capital stock outstanding:
8%, $20 par preferred and $5 par common. At December 31, 2020, the
following accounts were included in stockholders’ equity.
Preferred Stock, 148,200 shares
$ 2,964,000
Common Stock, 1,991,000 shares
9,955,000
Paid-in Capital in Excess of Par—Preferred Stock
207,000
Paid-in Capital in Excess of Par—Common Stock
26,478,000
Retained Earnings
4,495,000
The following transactions affected stockholders’ equity during
2021.
Jan. 1
29,200 shares of preferred stock issued at $23 per share.
Feb....
Carla Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par...
Carla Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity. Preferred Stock, 148,200 shares Common Stock, 1,991,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $ 2,964,000 9,955,000 207,000 26,478,000 4,495,000 The following transactions affected stockholders' equity during 2021. Jan. 1 Feb. 1 June 1 July 1 Sept. 15 Dec. 31 Dec....
Whispering Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par...
Whispering Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders’ equity. Preferred Stock, 148,200 shares $ 2,964,000 Common Stock, 1,991,000 shares 9,955,000 Paid-in Capital in Excess of Par—Preferred Stock 207,000 Paid-in Capital in Excess of Par—Common Stock 26,478,000 Retained Earnings 4,495,000 The following transactions affected stockholders’ equity during 2021. Jan. 1 29,200 shares of preferred stock issued at $23 per share. Feb....
Wildhorse Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par...
Wildhorse Company has two classes of capital stock outstanding:
8%, $20 par preferred and $5 par common. At December 31, 2020, the
following accounts were included in stockholders’ equity.
Preferred Stock, 159,600 shares
$ 3,192,000
Common Stock, 1,970,000 shares
9,850,000
Paid-in Capital in Excess of Par—Preferred Stock
193,000
Paid-in Capital in Excess of Par—Common Stock
27,534,000
Retained Earnings
4,424,000
The following transactions affected stockholders’ equity during
2021.
Jan. 1
29,100 shares of preferred stock issued at $22 per share.
Feb....
Problem 15-03 Nash Company has two classes of capital stock outstanding: 8%, $20 par preferred and...
Problem 15-03
Nash Company has two classes of capital stock outstanding: 8%,
$20 par preferred and $5 par common. At December 31, 2020, the
following accounts were included in stockholders’ equity.
Preferred Stock, 148,200 shares
$ 2,964,000
Common Stock, 1,991,000 shares
9,955,000
Paid-in Capital in Excess of Par—Preferred Stock
207,000
Paid-in Capital in Excess of Par—Common Stock
26,478,000
Retained Earnings
4,495,000
The following transactions affected stockholders’ equity during
2021.
Jan. 1
29,200 shares of preferred stock issued at $23 per...
Wildhorse Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par...
Wildhorse Company has two classes of capital stock outstanding:
8%, $20 par preferred and $5 par common. At December 31, 2020, the
following accounts were included in stockholders’ equity.
Preferred Stock, 159,600 shares
$ 3,192,000
Common Stock, 1,970,000 shares
9,850,000
Paid-in Capital in Excess of Par—Preferred Stock
193,000
Paid-in Capital in Excess of Par—Common Stock
27,534,000
Retained Earnings
4,424,000
The following transactions affected stockholders’ equity during
2021.
Jan. 1
29,100 shares of preferred stock issued at $22 per share.
Feb....
Nash Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par...
Nash Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders’ equity. Preferred Stock, 148,100 shares $ 2,962,000 Common Stock, 1,961,000 shares 9,805,000 Paid-in Capital in Excess of Par—Preferred Stock 191,000 Paid-in Capital in Excess of Par—Common Stock 27,124,000 Retained Earnings 4,537,000 The following transactions affected stockholders’ equity during 2021. Jan. 1 28,400 shares of preferred stock issued at $24 per share. Feb....
Monty Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par...
Monty Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders’ equity. Preferred Stock, 141,000 shares $ 2,820,000 Common Stock, 2,000,000 shares 10,000,000 Paid-in Capital in Excess of Par—Preferred Stock 194,000 Paid-in Capital in Excess of Par—Common Stock 26,877,000 Retained Earnings 4,562,000 The following transactions affected stockholders’ equity during 2021. Jan. 1 31,500 shares of preferred stock issued at $22 per share. Feb....
Please explain! Hatch Company has two classes of capital stock outstanding: 8%, $20 par preferred and...
Please explain!
Hatch Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity. Preferred Stock, 150,000 shares Common Stock, 2,000,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $3,000,000 10,000,000 200,000 27,000,000 4,500,000 The following transactions affected stockholders' equity during 2021. Jan. 1 30,000 shares of preferred stock issued at $22 per share....
Problem 15-03 Kingbird Company has two classes of capital stock outstanding: 8%, $20 par preferred and...
Problem 15-03 Kingbird Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders’ equity. Preferred Stock, 152,800 shares $ 3,056,000 Common Stock, 1,998,000 shares 9,990,000 Paid-in Capital in Excess of Par—Preferred Stock 200,000 Paid-in Capital in Excess of Par—Common Stock 26,724,000 Retained Earnings 4,571,000 The following transactions affected stockholders’ equity during 2021. Jan. 1 27,600 shares of preferred stock issued at $24 per...
Sarasota Company has two classes of capital stock outstanding:
8%, $20 par preferred and $5 par common. At December 31, 2020, the
following accounts were included in stockholders’ equity.
Preferred Stock, 148,200 shares
$ 2,964,000
Common Stock, 1,991,000 shares
9,955,000
Paid-in Capital in Excess of Par—Preferred Stock
207,000
Paid-in Capital in Excess of Par—Common Stock
26,478,000
Retained Earnings
4,495,000
The following transactions affected stockholders’ equity during
2021.
Jan. 1
29,200 shares of preferred stock issued at $23 per share.
Feb....
Carla Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity. Preferred Stock, 148,200 shares Common Stock, 1,991,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $ 2,964,000 9,955,000 207,000 26,478,000 4,495,000 The following transactions affected stockholders' equity during 2021. Jan. 1 Feb. 1 June 1 July 1 Sept. 15 Dec. 31 Dec....
Wildhorse Company has two classes of capital stock outstanding:
8%, $20 par preferred and $5 par common. At December 31, 2020, the
following accounts were included in stockholders’ equity.
Preferred Stock, 159,600 shares
$ 3,192,000
Common Stock, 1,970,000 shares
9,850,000
Paid-in Capital in Excess of Par—Preferred Stock
193,000
Paid-in Capital in Excess of Par—Common Stock
27,534,000
Retained Earnings
4,424,000
The following transactions affected stockholders’ equity during
2021.
Jan. 1
29,100 shares of preferred stock issued at $22 per share.
Feb....
Problem 15-03
Nash Company has two classes of capital stock outstanding: 8%,
$20 par preferred and $5 par common. At December 31, 2020, the
following accounts were included in stockholders’ equity.
Preferred Stock, 148,200 shares
$ 2,964,000
Common Stock, 1,991,000 shares
9,955,000
Paid-in Capital in Excess of Par—Preferred Stock
207,000
Paid-in Capital in Excess of Par—Common Stock
26,478,000
Retained Earnings
4,495,000
The following transactions affected stockholders’ equity during
2021.
Jan. 1
29,200 shares of preferred stock issued at $23 per...
Wildhorse Company has two classes of capital stock outstanding:
8%, $20 par preferred and $5 par common. At December 31, 2020, the
following accounts were included in stockholders’ equity.
Preferred Stock, 159,600 shares
$ 3,192,000
Common Stock, 1,970,000 shares
9,850,000
Paid-in Capital in Excess of Par—Preferred Stock
193,000
Paid-in Capital in Excess of Par—Common Stock
27,534,000
Retained Earnings
4,424,000
The following transactions affected stockholders’ equity during
2021.
Jan. 1
29,100 shares of preferred stock issued at $22 per share.
Feb....
Please explain!
Hatch Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2020, the following accounts were included in stockholders' equity. Preferred Stock, 150,000 shares Common Stock, 2,000,000 shares Paid-in Capital in Excess of Par-Preferred Stock Paid-in Capital in Excess of Par-Common Stock Retained Earnings $3,000,000 10,000,000 200,000 27,000,000 4,500,000 The following transactions affected stockholders' equity during 2021. Jan. 1 30,000 shares of preferred stock issued at $22 per share....
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