Homework Answers
Calculate following
| Common Stock & paid in capital | Retained earnings | Accumulated other comprehensive income | Treasury Stock | Total Stockholder's equity | |
| 300000 | 200000 | 60000 | -40000 | 520000 Beginning | |
| Net income | 60000 | 60000 | |||
| Dividend paid | -20000 | -20000 | |||
| Share repurchase | -75000 | -75000 | |||
| Other comprehensive income | 10000 | 10000 | |||
| 300000 | 240000 | 70000 | -115000 | 495000 ending | |
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STATEMENT OF SHAREHOLDERS EQUITY Problem 7pts Using the activity listed and the starting balances in a...
Please solve, thanks in advance! STATEMENT OF SHAREHOLDERS EQUITY Problem 7pts Using the livily listed and...
Please solve, thanks in
advance!
STATEMENT OF SHAREHOLDERS EQUITY Problem 7pts Using the livily listed and the starting balances in a firm's Shereholder Fquity calculate/update the ending Shareholder balances Netxearned 60.000 Dividends Paid - 20/000 Paid for share iepurchases - 75,000 Other Comprehensive Income - 10.000 Common Share Issance - So Common Stock & Retained Accumulated Other Treasury Total Shareholder Equity Paid in Capital Farnings Comprehensive Income Stock 100,000 200,000 60,000 (40.000 520,000 BEGINNING ENDING STATEMENT OF SHAREHOLDERS EQUITY Problem...
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...
Volunteer Brewery's shareholders’ equity included the following accounts at December 31, 2020: Shareholders' Equity Common stock,...
Volunteer Brewery's shareholders’ equity included the following accounts at December 31, 2020: Shareholders' Equity Common stock, 1 million shares at $1 par $ 1,000,000 Paid-in capital—excess of par 14,000,000 Retained earnings 4,200,000 On March 13, Volunteer reacquired 300,000 shares of its common stock as treasury stock at $10 per share. Volunteer later resold 200,000 shares for $12 per share. Net income for 2021 was $480,000 and the entire net income was distributed as cash dividends to common shareholders. What amount...
National Supply's shareholders' equity included the following accounts at December 31, 2017: Shareholders' Equity ($ in...
National Supply's shareholders' equity included the following accounts at December 31, 2017: Shareholders' Equity ($ in millions) Common stock, 6 million shares at $1 par $ 6,000,000 Paid-in capital—excess of par 30,000,000 Retained earnings 86,500,000 Required: 1. National Supply reacquired shares of its common stock in two separate transactions and later sold shares. Prepare the entries for each of the transactions under each of two separate assumptions: the shares are (a) retired and (b) accounted for as treasury stock. February...
36140 201830/F2018-1235-Statem uity question- Homework Question.xlsx ACCT 1235-Chapter 9 Homework Question (Statement of Shareholders' Equity) Dec...
36140 201830/F2018-1235-Statem uity question- Homework Question.xlsx ACCT 1235-Chapter 9 Homework Question (Statement of Shareholders' Equity) Dec 31, 2017 Balances (from Balance Sheet) Common Shares Accumulated other comprehensive income Retained earnings 300,000 issued $5,100,000 $4,500,000 $1,200,000 $10,800,000 Total Net income for the year $700,000 Other comprehensive income for they year Issued common shares: Stock dividends declared and distributed: Cash dividend paid of $35,000 $15 /share issued at 50,000 7% when the market price was $17 /share $2/share Required: 1) Prepare statement...
Analyzing and Interpreting Equity Accounts and Comprehensive Income Assume this is the shareholders' equity section of...
Analyzing and Interpreting Equity Accounts and Comprehensive Income Assume this is the shareholders' equity section of the 2008 balance sheet for Procter & Gamble Company and its statement of shareholders equity. June 20 (In millions, except per share amounts) 2007 2008 Shareholders Equity Convertible Class A preferred stock, stated value $1 per share (600 shares authorized) Non-voting Class B preferred stock, stated value S1 per share (200 shares authorized) Common stock, stated value S1 per share (10.000 shares authorized: shares...
SECTION-V Raymond Textiles Limited Shareholders Equity section as on December 31, 2019 appears as after one...
SECTION-V Raymond Textiles Limited Shareholders Equity section as on December 31, 2019 appears as after one year of business operations: Raymond Textiles, Shareholders' Equity Section, December 31, 2019 Preferred stock, $5 par, authorized 1,000,000 shares, Issued and outstanding 1,000,000 shares 5,000,000 Common stock, S1 par, authorized 5,000,000 shares, Issued and outstanding 3,000,000 shares 3,000,000 Paid-in capital excess of par, Common stock (89 per share) 27,000,000 Paid-in capital-excess of par, preferred stock 15,000,000 Retained earnings 1,000,000 Total shareholders' equity $51,000,000 The...
On January 1, 2022, Sage Hill Inc. had these stockholders’ equity balances. Common Stock, $1 par...
On January 1, 2022, Sage Hill Inc. had these stockholders’
equity balances.
Common Stock, $1 par (2,500,000 shares authorized, 660,000
shares issued and outstanding)
$660,000
Paid-in Capital in Excess of Par Value
1,440,000
Retained Earnings
681,000
Accumulated Other Comprehensive Income
47,000
During 2022, the following transactions and events
occurred.
1.
Issued 46,500 shares of $1 par value common stock for $2 per
share.
2.
Issued 60,000 shares of common stock for cash at $6 per
share.
3.
Purchased 22,200 shares...
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,...
Problem 14-04A (Video) On January 1, 2020, Pharoah Inc. had the following stockholders' equity balances. Common Stock...
Problem 14-04A (Video)
On January 1, 2020, Pharoah Inc. had the following stockholders'
equity balances.
Common Stock (480,000 shares
issued)
$960,000
Paid-in Capital in Excess of
Par-Common Stock
560,000
Common Stock Dividends
Distributable
140,000
Retained Earnings
520,000
During 2020, the following transactions and events occurred.
1.
Issued 70,000 shares of $2 par value common stock as a result
of 15% stock dividend declared on December 15, 2021.
2.
Issued 35,000 shares of common stock for cash at $4 per
share....
Please solve, thanks in
advance!
STATEMENT OF SHAREHOLDERS EQUITY Problem 7pts Using the livily listed and the starting balances in a firm's Shereholder Fquity calculate/update the ending Shareholder balances Netxearned 60.000 Dividends Paid - 20/000 Paid for share iepurchases - 75,000 Other Comprehensive Income - 10.000 Common Share Issance - So Common Stock & Retained Accumulated Other Treasury Total Shareholder Equity Paid in Capital Farnings Comprehensive Income Stock 100,000 200,000 60,000 (40.000 520,000 BEGINNING ENDING STATEMENT OF SHAREHOLDERS EQUITY Problem...
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...
36140 201830/F2018-1235-Statem uity question- Homework Question.xlsx ACCT 1235-Chapter 9 Homework Question (Statement of Shareholders' Equity) Dec 31, 2017 Balances (from Balance Sheet) Common Shares Accumulated other comprehensive income Retained earnings 300,000 issued $5,100,000 $4,500,000 $1,200,000 $10,800,000 Total Net income for the year $700,000 Other comprehensive income for they year Issued common shares: Stock dividends declared and distributed: Cash dividend paid of $35,000 $15 /share issued at 50,000 7% when the market price was $17 /share $2/share Required: 1) Prepare statement...
Analyzing and Interpreting Equity Accounts and Comprehensive Income Assume this is the shareholders' equity section of the 2008 balance sheet for Procter & Gamble Company and its statement of shareholders equity. June 20 (In millions, except per share amounts) 2007 2008 Shareholders Equity Convertible Class A preferred stock, stated value $1 per share (600 shares authorized) Non-voting Class B preferred stock, stated value S1 per share (200 shares authorized) Common stock, stated value S1 per share (10.000 shares authorized: shares...
SECTION-V Raymond Textiles Limited Shareholders Equity section as on December 31, 2019 appears as after one year of business operations: Raymond Textiles, Shareholders' Equity Section, December 31, 2019 Preferred stock, $5 par, authorized 1,000,000 shares, Issued and outstanding 1,000,000 shares 5,000,000 Common stock, S1 par, authorized 5,000,000 shares, Issued and outstanding 3,000,000 shares 3,000,000 Paid-in capital excess of par, Common stock (89 per share) 27,000,000 Paid-in capital-excess of par, preferred stock 15,000,000 Retained earnings 1,000,000 Total shareholders' equity $51,000,000 The...
On January 1, 2022, Sage Hill Inc. had these stockholders’
equity balances.
Common Stock, $1 par (2,500,000 shares authorized, 660,000
shares issued and outstanding)
$660,000
Paid-in Capital in Excess of Par Value
1,440,000
Retained Earnings
681,000
Accumulated Other Comprehensive Income
47,000
During 2022, the following transactions and events
occurred.
1.
Issued 46,500 shares of $1 par value common stock for $2 per
share.
2.
Issued 60,000 shares of common stock for cash at $6 per
share.
3.
Purchased 22,200 shares...
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,...
Problem 14-04A (Video)
On January 1, 2020, Pharoah Inc. had the following stockholders'
equity balances.
Common Stock (480,000 shares
issued)
$960,000
Paid-in Capital in Excess of
Par-Common Stock
560,000
Common Stock Dividends
Distributable
140,000
Retained Earnings
520,000
During 2020, the following transactions and events occurred.
1.
Issued 70,000 shares of $2 par value common stock as a result
of 15% stock dividend declared on December 15, 2021.
2.
Issued 35,000 shares of common stock for cash at $4 per
share....
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