Sheridan Company began the year 2022 with $105800 in its Common Stock account and a debit...
Sheridan Company began the year 2022 with $105800 in its Common Stock account and a debit balance in Retained Earnings of $45400. During the year, the company earned net income of $22700, and declared and paid $7600 of dividends. In addition, the company sold additional common stock amounting to $27700. Based on this information, what should the transaction analysis show for total stockholders' equity at the end of 2022?
A)$209200
B)$138500
C)$194000
D)$103200
Homework Answers
Total stockholders' equity at the end of 2022 = Beginning common stock + Common stock issued + Net income - Debit balance in reatined earnings - Dividends paid
= $105,800 + $27,700 + $22,700 - $45,400 - $7,600
= $103,200
The answer is Option D.
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Sheridan Company began the year 2022 with $105800 in its Common
Stock account and a debit...
Sheridan Company began the year 2022 with $105800 in its Common Stock account and a debit...
Sheridan Company began the year 2022 with $105800 in its Common Stock account and a debit balance in Retained Earnings of $45400. During the year, the company earned net income of $22700, and declared and paid $7600 of dividends. In addition, the company sold additional common stock amounting to $27700. Based on this information, what should the transaction analysis show for total stockholders' equity at the end of 2022? A)$209200 B)$138500 C)$194000 D)$103200
Magnificent Company began the year with $126,000 in its common stock account and a debit balance...
Magnificent Company began the year with $126,000 in its common stock account and a debit balance in retained earnings of $54,000. During the year, the company earned net income of $27,000 and declared and paid $9,000 of dividends. In addition, the company sold additional common stock amounting to $33,000. Based on this information, what should the transaction analysis show for total stockholders' equity at the end of the year? $231,000 $249,000 $123,000 $165,000
Magnificent Company began the year with $126,000 in its common stock account and a debit balance...
Magnificent Company began the year with $126,000 in its common stock account and a debit balance in retained earnings of $54,000. During the year, the company earned net income of $27,000 and declared and paid $9,000 of dividends. In addition, the company sold additional common stock amounting to $33,000. Based on this information, what should the transaction analysis show for total stockholders' equity at the end of the year? $231,000 $249,000 $123,000 $165,000
Multiple Choice Question 84 Oriole Company began the year 2022 with $141100 in its Common Stock...
Multiple Choice Question 84 Oriole Company began the year 2022 with $141100 in its Common Stock account and a debit balance in Retained Earnings of $60500. During the year, the company earned net income of $30200, and declared and paid $10100 of dividends. In addition, the company sold additional common stock amounting to $37000. Based on this information, what should the transaction analysis show for total stockholders' equity at the end of 2022? $258700 $137700 $184900 $278900 Click if you...
A company started the year with $65,000 in its common stock account and a credit balance...
A company started the year with $65,000 in its common stock account and a credit balance in retained earnings of $30,000. During the year, the company earned net income of $15,000 and declared and paid $5,000 of dividends. In addition, the company sold additional common stock amounting to $15,000. As a result, the amount of its retained earnings at the end of the year would be $50,000 $40,000 $120,000 O $25.000 O $105,000
Landisville Company started the year with $60000 in its Common Stock account and a credit balance...
Landisville Company started the year with $60000 in its Common Stock account and a credit balance in Retained Earnings of $50000. During the year, the company earned net income of $50000 and declared and paid $20000 of dividends. In addition, the company sold additional common stock amounting to $28000. As a result, the amount of its retained earnings at the end of the year would be $160,000. O $ 78,000. $132,000. $ 80,000.
Oriole Company started the year with $67200 in its Common Stock account and a credit balance...
Oriole Company started the year with $67200 in its Common Stock account and a credit balance in Retained Earnings of $49300. During the year, the company earned net income of $53800, and declared and paid $22400 of dividends. In addition, the company sold additional common stock amounting to $31400. As a result, the balance in retained earnings at the end of the year would be O $147900. O $179300. O $80700. O $112100.
Nash's Trading Post, LLC started the year with $44400 in its Common Stock account and a...
Nash's Trading Post, LLC started the year with $44400 in its Common Stock account and a credit balance in Retained Earnings of $32600. During the year, the company earned net income of $35500 and declared and paid $14800 of dividends. In addition, the company sold additional common stock amounting to $20700. As a result, the amount of its retained earnings at the end of the year would be - $97700. - $53300. - $118400. - $74000.
On December 31, 2021, Sheridan Company had 1,310,000 shares of $7 par common stock issued and...
On December 31, 2021, Sheridan Company had 1,310,000 shares of $7 par common stock issued and outstanding. At December 31, 2021, stockholders' equity had the amounts listed here. Common Stock Additional Paid-in Capital Retained Earnings $9,170,000 1,860,000 1,120,000 Transactions during 2022 and other information related to stockholders' equity accounts were as follows. 1. On January 10, issued at $109 per share 114,000 shares of $100 par value, 9% cumulative preferred stock. 2. On February 8, reacquired 16,900 shares of its...
Sheridan Company has 495000 shares of $10 par value common stock outstanding. During the year Sheridan...
Sheridan Company has 495000 shares of $10 par value common stock outstanding. During the year Sheridan declared a 16% stock dividend when the market price of the stock was $35 per share. Three months later Sheridan declared a $0.50 per share cash dividend. As a result of the dividends declared during the year, retained earnings decreased by $2772000 $ 466700 $3059100 $ 490050
Magnificent Company began the year with $126,000 in its common stock account and a debit balance in retained earnings of $54,000. During the year, the company earned net income of $27,000 and declared and paid $9,000 of dividends. In addition, the company sold additional common stock amounting to $33,000. Based on this information, what should the transaction analysis show for total stockholders' equity at the end of the year? $231,000 $249,000 $123,000 $165,000
Magnificent Company began the year with $126,000 in its common stock account and a debit balance in retained earnings of $54,000. During the year, the company earned net income of $27,000 and declared and paid $9,000 of dividends. In addition, the company sold additional common stock amounting to $33,000. Based on this information, what should the transaction analysis show for total stockholders' equity at the end of the year? $231,000 $249,000 $123,000 $165,000
Multiple Choice Question 84 Oriole Company began the year 2022 with $141100 in its Common Stock account and a debit balance in Retained Earnings of $60500. During the year, the company earned net income of $30200, and declared and paid $10100 of dividends. In addition, the company sold additional common stock amounting to $37000. Based on this information, what should the transaction analysis show for total stockholders' equity at the end of 2022? $258700 $137700 $184900 $278900 Click if you...
A company started the year with $65,000 in its common stock account and a credit balance in retained earnings of $30,000. During the year, the company earned net income of $15,000 and declared and paid $5,000 of dividends. In addition, the company sold additional common stock amounting to $15,000. As a result, the amount of its retained earnings at the end of the year would be $50,000 $40,000 $120,000 O $25.000 O $105,000
Landisville Company started the year with $60000 in its Common Stock account and a credit balance in Retained Earnings of $50000. During the year, the company earned net income of $50000 and declared and paid $20000 of dividends. In addition, the company sold additional common stock amounting to $28000. As a result, the amount of its retained earnings at the end of the year would be $160,000. O $ 78,000. $132,000. $ 80,000.
Oriole Company started the year with $67200 in its Common Stock account and a credit balance in Retained Earnings of $49300. During the year, the company earned net income of $53800, and declared and paid $22400 of dividends. In addition, the company sold additional common stock amounting to $31400. As a result, the balance in retained earnings at the end of the year would be O $147900. O $179300. O $80700. O $112100.
On December 31, 2021, Sheridan Company had 1,310,000 shares of $7 par common stock issued and outstanding. At December 31, 2021, stockholders' equity had the amounts listed here. Common Stock Additional Paid-in Capital Retained Earnings $9,170,000 1,860,000 1,120,000 Transactions during 2022 and other information related to stockholders' equity accounts were as follows. 1. On January 10, issued at $109 per share 114,000 shares of $100 par value, 9% cumulative preferred stock. 2. On February 8, reacquired 16,900 shares of its...
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