a] | Par value of each share = 350/700 = | $ 0.50 | |
b] | Average price = (350+6650)/700 = | $ 10.00 | |
c] | Sahres repurchased = Shares issued-Shares outstanding = 700,000,000-650,000,000 = | 50,000,000 | |
d] | Average price of repurchase = 600,000,000/50,000,000 = | $ 12.00 | |
e] | Net book value of equity = 350+6650+5000-600 = | $ 11,400.00 | million |
- Click Submit to complete this assessment gestions ABC, Inc had 800 million shares of common...
> Click Submit to complete this assessment. Question 30 The Greenbush Company had the following transactions during July 7/01 Owners contribute $5,000 to start business 7101 Greenbush Company prepays first six month's rent by paying $3,000 i.e., $500 per month) 7/10 Greenbush Company purchases inventory on account. Cost of inventory: $1,000 7/31 Greenbush Company obtains $2,000 loan from bank 7/31 Greenbush Company pays cash for equipment costing $4,000 What effect did the contribution by the owners have on the basic...
on December 31, 2017, Ainsworth, Inc. had 650 million shares of common stock outstanding. Thirty five million shares of 8%. $100 par value cumulative, nonconvertible preferred stock were sold on January 2 shares of its common stock as treasury stock. Twenty milion treasury shares wer Ainsworth purchased 50 million sold on August 31, Ainsworth issued a 4% common dividend on June 12, 2018 No cash dividends were declared in 2018. For the year ended December 31, 2018, Ainsworth lion, including...
As of August 31, 2017, Autozone Inc. had 28.8 million shares of common stock issued and 1.0 million shares in treasury. Diluted weighted average shares outstanding during fiscal 2017 were 29.1 million. The closing stock price at 10/31/17 was $590.00 per share. Based on this information and the information provided below, complete the following: Capital structure: Operating liabilities $5,456,000,000 Debt $_____________________________(1) Total Liabilities ______________________________(2) Common equity (1,701,000,000) Total Assets $8,102,000,000 Invested Capital – At Market...
1. Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares. January 4, Repurchased and retired 2.20 million shares at 2018: $7.80 per share. 25, Repurchased and retired 3.20 million shares at 2018: $3.20 per share. June Prior to the transactions, CCC's shareholders' equity included the following: Common stock, 79.80 million shares at S 79.800.000 $1 par Paid-in capital - excess of par 255,360,000 Retained earnings 118,000,000...
On December 31, 2017, Berclair Inc. had 300 million shares of common stock and 13 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 30 million shares of its common stock as treasury stock. Berclair issued a 4% common stock dividend on July 1, 2018. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2018, was $650 million. Also outstanding at December...
Kramer Inc. had 86 million shares of common stock, 1 million shares of 5%, $100 par, cumulative preferred stock, and 1 million shares of 7%, $100 par, noncumulative preferred stock outstanding at the end of 2017 and 2018. No dividends were declared or paid on common stock in either year. In 2018, a $2.1 million dividend was paid on the 5% preferred stock and a $3.1 million dividend was paid on the 7% preferred stock. Net income for 2018 was...
On December 31, 2020, Berclair Inc. had 440 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $650 million. The income tax rate...
On December 31, 2020, Berclair Inc. had 440 million shares of common stock and 3 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2021, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2021. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2021, was $650 million. The income tax rate...
On December 31, 2017, Berclair Inc. had 500 million shares of common stock and 20 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 60 million shares of its common stock as treasury stock. Berclair issued a 6% common stock dividend on July 1, 2018. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2018, was $1,000 million. Also outstanding at December...
Cal Cookie Company (CCC) has 100 million shares of $1 par common stock authorized. The transactions below caused changes in CCC's outstanding shares January 4, 2018: Repurchased and retired 2.38 million shares at $7.78 per share. Dune 25, 2e1s: Repurchased and retired 3.3 illion shares at $3.30 per share. Prior to the transactions, CCC's shareholders' equity included the following Common stock, 79.78 million shares at $3 par Paid-in capital excess of par Retained earnings 79,700,800 263,010,00 117,000,000 Required: Prepare the...