Homework Answers
Req 1 & 2
| Feb 15 | May 15 | Aug 15 | Nov 15 | |
| Beginning balance | 17,000 | 17,000 | 17,000 | 17,000 |
| Less: Treasury stock | (1,000) | (1,000) | (1,000) | |
| Add: Stock dividend | 2,000 | |||
| Ending balance | 17,000 | 16,000 | 16,000 | 18,000 |
| Cash dividend | 0.4 | 0.4 | 0.4 | 0.4 |
| Amount of cash dividend | 6,800 | 6,400 | 6,400 | 7,200 |
Req 3
| Number of shares outstanding | 16,000 |
| Rate of stock dividend | 12.5% |
| Number of stock issued | 2,000 |
| Market price per share | 42 |
| Amount of Capitalized stock dividend | 84,000 |
Req 4
= 40,000 / 1,000 = $ 40
Req 5
| Stock dividend declared | 84,000 |
| Cash dividend paid | 26,800 |
| Increase in retained earnings | 25,200 |
| Net income earned | 136,000 |
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The equity sections for Hovo Corp. at the beginning of the year (January 1) and end...
1) and end of the you The equity sections for Hovo Corp, at the beginning of...
1) and end of the you The equity sections for Hovo Corp, at the beginning of the year (January 1) and en (December 31) follow. Problem 13-4B Analyzing changes in stockholders' equity accounts C3 P2 P3 Stockholders' Equity (January 1) Common stock-$20 par value, 30,000 shares authorized, 17,000 shares issued and outstanding....... Peld-in capital in excess of per value, common stock Retained earnings..... Total stockholders' equity.... $340,000 60.000 220.00 56700 Stockholders' Equity (December 31) Common stock-$20 par value, 30,000 shares...
The equity sections for Atticus Group at the beginning of the year (January 1) and end...
The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders’ Equity (January 1) Common stock—$4 par value, 100,000 shares authorized, 30,000 shares issued and outstanding $ 120,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 320,000 Total stockholders’ equity $ 520,000 Stockholders’ Equity (December 31) Common stock—$4 par value, 100,000 shares authorized, 35,400 shares issued, 3,000 shares in treasury $ 141,600 Paid-in capital...
The equity sections for Atticus Group at the beginning of the year (January 1) and end...
The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders’ Equity (January 1) Common stock—$4 par value, 100,000 shares authorized, 30,000 shares issued and outstanding $ 120,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 320,000 Total stockholders’ equity $ 520,000 Stockholders’ Equity (December 31) Common stock—$4 par value, 100,000 shares authorized, 35,400 shares issued, 3,000 shares in treasury $ 141,600 Paid-in capital...
The equity sections for Atticus Group at the beginning of the year (January 1) and end...
The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders’ Equity (January 1) Common stock—$4 par value, 100,000 shares authorized, 30,000 shares issued and outstanding $ 120,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 320,000 Total stockholders’ equity $ 520,000 Stockholders’ Equity (December 31) Common stock—$4 par value, 100,000 shares authorized, 35,400 shares issued, 3,000 shares in treasury $ 141,600 Paid-in capital...
The equity sections for Atticus Group at the beginning of the year (January 1) and end...
The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders’ Equity (January 1) Common stock—$4 par value, 100,000 shares authorized, 30,000 shares issued and outstanding $ 120,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 320,000 Total stockholders’ equity $ 520,000 Stockholders’ Equity (December 31) Common stock—$4 par value, 100,000 shares authorized, 35,400 shares issued, 3,000 shares in treasury $ 141,600 Paid-in capital...
The equity sections for Atticus Group at the beginning of the year (January 1) and end...
The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-$4 par value, 100, 000 shares authorized, 35,000 shares issued and outstanding $140,000Paid-in capital in excess of par value, common stock100,000Retained earnings320,000Total stockholders' equity$560,000 Stockholders' Equity (December 31) Common stock-$4 par value, 100,000 shares authorized, 41,000 shares issued, 5,000 shares in treasury$164,00Paid-in capital in excess of par value, common stock160,000Retained earnings ($60,000 restricted by treasury stock) 420,000744,000Less cost of...
The equity sections for Atticus Group at the beginning of the year (January 1) and end...
The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-$6 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $240,000 200,000 340,000 $ 780,000 Stockholders' Equity (December 31) Common stock-$6 par value, 100,000 shares authorized, 47,000 shares issued, 5,000 shares in treasury Paid-in capital in excess of...
The equity sections for Atticus Group at the beginning of the year (January 1) and end...
The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders’ Equity (January 1) Common stock—$5 par value, 100,000 shares authorized, 35,000 shares issued and outstanding $ 175,000 Paid-in capital in excess of par value, common stock 135,000 Retained earnings 320,000 Total stockholders’ equity $ 630,000 Stockholders’ Equity (December 31) Common stock—$5 par value, 100,000 shares authorized, 41,200 shares issued, 4,000 shares in treasury $ 206,000 Paid-in capital...
The equity sections for Atticus Group at the beginning of the year (January 1) and end...
The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-$6 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $240,000 200,000 340,000 $ 780,000 Stockholders' Equity (December 31) Common stock-$6 par value, 100,000 shares authorized, 47,000 shares issued, 5,000 shares in treasury Paid-in capital in excess of...
The equity sections from Hovo Corporation's 2016 and 2017 balance sheets follow. Problem 13-4B Analysis of...
The equity sections from Hovo Corporation's 2016 and 2017 balance sheets follow. Problem 13-4B Analysis of changes in stockholders' equity accounts C3P2 P30 Stockholders' Equity (December 31, 2016) Common stock-$20 par value, 30,000 shares authorized 17,000 shares issued and outstanding.. Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $340,000 60,000 270,000 $670,000 Chapter 13 Accounting for Corporations Stockholders' Equity (December 31, 2017) Common stock-$20 par value, 30,000 shares authorized 19,000 shares issued, 1,000 shares...
1) and end of the you The equity sections for Hovo Corp, at the beginning of the year (January 1) and en (December 31) follow. Problem 13-4B Analyzing changes in stockholders' equity accounts C3 P2 P3 Stockholders' Equity (January 1) Common stock-$20 par value, 30,000 shares authorized, 17,000 shares issued and outstanding....... Peld-in capital in excess of per value, common stock Retained earnings..... Total stockholders' equity.... $340,000 60.000 220.00 56700 Stockholders' Equity (December 31) Common stock-$20 par value, 30,000 shares...
The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-$6 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $240,000 200,000 340,000 $ 780,000 Stockholders' Equity (December 31) Common stock-$6 par value, 100,000 shares authorized, 47,000 shares issued, 5,000 shares in treasury Paid-in capital in excess of...
The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders' Equity (January 1) Common stock-$6 par value, 100,000 shares authorized, 40,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $240,000 200,000 340,000 $ 780,000 Stockholders' Equity (December 31) Common stock-$6 par value, 100,000 shares authorized, 47,000 shares issued, 5,000 shares in treasury Paid-in capital in excess of...
The equity sections from Hovo Corporation's 2016 and 2017 balance sheets follow. Problem 13-4B Analysis of changes in stockholders' equity accounts C3P2 P30 Stockholders' Equity (December 31, 2016) Common stock-$20 par value, 30,000 shares authorized 17,000 shares issued and outstanding.. Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $340,000 60,000 270,000 $670,000 Chapter 13 Accounting for Corporations Stockholders' Equity (December 31, 2017) Common stock-$20 par value, 30,000 shares authorized 19,000 shares issued, 1,000 shares...
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