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8. You acquire 12% of the 100,000 shares of Ink Inc. for $15 per share on...
ABC Corporation purchased 25,000 shares of common stock of the Davison Corporation for $40 per share...
ABC Corporation purchased 25,000 shares of common stock of the Davison Corporation for $40 per share on January 2, 2018 (EQUITY METHOD). Davison Corporation had 100,000 shares of common stock outstanding during 2018, paid cash dividends of $150,000 during 2018, and reported net income of $500,000 for 2018. ABC Corporation should report revenue from investment for 2018 in the amount of ________.
In 2016, Winn, Inc., issued $1 par common stock for $35 per share. No other common...
In 2016, Winn, Inc., issued $1 par common stock for $35 per share. No other common stock transactions occurred until July 31, 2018, when Winn acquired some of the issued shares for $30 per share and retired them. Which of the following statements correctly states an effect of this acquisition and retirement? 2018 net income is decreased. Additional paid-in capital is decreased. 2018 net income is increased. Retained earnings is increased.
Ziegler Corporation purchased 25,000 shares of common stock of the Sherman Corporation for $40 per share...
Ziegler Corporation purchased 25,000 shares of common stock of the Sherman Corporation for $40 per share on January 2, 2020. Sherman Corporation had 100,000 shares of common stock outstanding during 2021, paid cash dividends of $150,000 during 2018, and reported net income of $500,000 for 2021. Ziegler Corporation should report revenue from investment for 2018 in the amount of?
On December 31, 2017, Dow Steel Corporation had 630,000 shares of common stock and 33,000 shares...
On December 31, 2017, Dow Steel Corporation had 630,000 shares of common stock and 33,000 shares of 7%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $430,000 and $72,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 54,000 common shares. In keeping with its long-term share repurchase plan, 2,000 shares were retired on July 1. Dow's net income...
On December 31, 2017, Dow Steel Corporation had 790,000 shares of common stock and 49,000 shares...
On December 31, 2017, Dow Steel Corporation had 790,000 shares of common stock and 49,000 shares of 7%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $590,000 and $88,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 72,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill Cable Company, another 19,000 shares...
On December 31, 2017, Dow Steel Corporation had 790,000 shares of common stock and 49,000 shares...
On December 31, 2017, Dow Steel Corporation had 790,000 shares of common stock and 49,000 shares of 7%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $590,000 and $88,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 72,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill Cable Company, another 19,000 shares...
($ in eees) $120,000 720,000 990,800 Common stock, 120 million shares at $1 par Paid-in capital-excess of par Retained earnings a. November 1, 2018, the board of directors declared a cash divid...
($ in eees) $120,000 720,000 990,800 Common stock, 120 million shares at $1 par Paid-in capital-excess of par Retained earnings a. November 1, 2018, the board of directors declared a cash dividend of $0.80 per share on its common shares, payable to shareholders of record November 15, to be paid December 1 b. On March 1, 2019, the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch-Rickie was holding as an investment. The...
Compute the diluted earnings per share for 2018. Harvey Inc. has 3,000,000 shares of $1 par...
Compute the diluted earnings per share for 2018. Harvey Inc. has 3,000,000 shares of $1 par value common stock outstanding at January 1. On July 1, Harvey repurchased 300,000 shares at a cost of $21 per share. In addition, at December 31, 2018, 250,000 shares were issuable upon exercise of executive stock options which an exercise price of $20 per share. The average market price of the company’s stock was $25 per share. Harvey Inc. also has two convertible securities. Convertible bonds, $4,000,000...
Wildhorse Corporation purchased 34000 shares of common stock of the Sherman Corporation for $49 per share on January 2, 2017
Wildhorse Corporation purchased 34000 shares of common stock of the Sherman Corporation for $49 per share on January 2, 2017. Sherman Corporation had 100000 shares of common stock outstanding during 2018, paid cash dividends of $159000 during 2018, and reported net income of $590000 for 2018. Wildhorse Corporation should report revenue from investment for 2018 in the amount of$220660 $146540$54060 $200600
Poodle Corporation was organized on January 3, 2018. The firm was authorized to issue 94,000 shares...
Poodle Corporation was organized on January 3, 2018. The firm was authorized to issue 94,000 shares of $5 par common stock. During 2018, Poodle had the following transactions relating to shareholders' equity: Issued 28,000 shares of common stock at $6.00 per share. Issued 18,000 shares of common stock at $8.20 per share. Reported a net income of $107,000. Paid dividends of $59,000. What is total Paid-in capital at the end of 2018? Multiple Choice $315,600 $316,600. $422,600. Reported a net...
($ in eees) $120,000 720,000 990,800 Common stock, 120 million shares at $1 par Paid-in capital-excess of par Retained earnings a. November 1, 2018, the board of directors declared a cash dividend of $0.80 per share on its common shares, payable to shareholders of record November 15, to be paid December 1 b. On March 1, 2019, the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch-Rickie was holding as an investment. The...
Poodle Corporation was organized on January 3, 2018. The firm was authorized to issue 94,000 shares of $5 par common stock. During 2018, Poodle had the following transactions relating to shareholders' equity: Issued 28,000 shares of common stock at $6.00 per share. Issued 18,000 shares of common stock at $8.20 per share. Reported a net income of $107,000. Paid dividends of $59,000. What is total Paid-in capital at the end of 2018? Multiple Choice $315,600 $316,600. $422,600. Reported a net...
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