Homework Answers
| 1 | Cascade Company | |
| Balance Sheet (Partial) | ||
| At December 31, Current Year | ||
| Stockholders’ Equity | ||
| Contributed Capital: | ||
| Common Stock(Par Value $0.01) | $590 | |
| Additional paid-in capital | $466,000 | |
| Total Contributed Capital | $466,590 | |
| Retained earnings | $322,000 | |
| Total Contributed Capital and retained earnings | $788,590 | |
| Less: Treasury Stock | $20,000 | |
| Total Stockholders' Equity | $808,590 | |
| 2 | Dividend yield ratio is 3.16% [$27,000/(57,000 shares x $15)] | |
| 3 | Treasury stock does not receive dividends. As a result, dividends are only | |
| paid on the 57,000 shares outstanding | ||
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The following account balances were selected from the records of Cascade Company at the end of...
The following information was extracted from the records of TAC Corporation at the end of the...
The following information was extracted from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed: Common stock ($20 par value; 100,000 shares authorized, 34,000 shares issued, 32,000 shares outstanding) Additional paid-in capital Dividends declared and paid during the year Retained earnings at the beginning of the year Treasury stock at cost (2,000 shares) $680,000 163,000 16,000 75,000 (25,000) Net income for the year was $30,000. The stock price is currently $22.29...
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance...
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $700,000 Paid-In Capital from Sale of Treasury Stock 364,600 Paid-In Capital in Excess of Par-Preferred Stock 70,560 Paid-In Capital in Excess of Stated Value-Common Stock 1,680,000 Preferred 2% Stock, $120 par 588,000 Retained Earnings 4,492,000 Prepare the Paid-In Capital...
HARTER The following accounts and their balances were selected from the adjusted trial balance of Point...
HARTER The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc, a freight Forwarder, at October 31, the end of the current fiscal year Common stock, no par, 14 stated value $420,000 Paid-In Capital from Sale of Treasury Stock 281,000 Paid-in Capital in Excess of Par-Preferred Stock 97,920 Paid-In Capital in Excess of stated Value-Common Stock 1,000,000 Preferred 2 Stock $120 par 816,000 Retained Earnings 3,462.000 Prepare the Paid In Capital portion...
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance...
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, 514 stated value $420,000 Paid-In Capital from Sale of Treasury Stock 248,800 Paid-In Capital in Excess of Par-Preferred Stock 69,120 Paid-In Capital in Excess of Stated Value-Common Stock 1,008,000 Preferred 2% Stock, $120 par 576,000 Retained Earnings 3,065,000 Prepare the Paid In...
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance...
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $560,000 Paid-In Capital from Sale of Treasury Stock 309,100 Paid-In Capital in Excess of Par—Preferred Stock 72,000 Paid-In Capital in Excess of Stated Value—Common Stock 1,344,000 Preferred 2% Stock, $120 par 600,000 Retained Earnings 3,808,000 Prepare the Paid-In Capital...
The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a frei...
The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $840,000 Paid-In Capital from Sale of Treasury Stock 444,300 Paid-In Capital in Excess of Par—Preferred Stock 90,720 Paid-In Capital in Excess of Stated Value—Common Stock 2,016,000 Preferred 2% Stock, $120 par 756,000 Retained Earnings 5,474,000 Prepare the Paid-In Capital portion of the...
The following accounts and their balances were selected from the unadjusted trial balance of Point Loma...
The following accounts and their balances were selected from the unadjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: 1 Common Stock, no par, $16 stated value $5,072,000.00 2 Paid-In Capital from Sale of Treasury Stock 44,300.00 3 Paid-In Capital in Excess of Par-Preferred Stock 182,000.00 4 Paid-In Capital in Excess of Stated Value-Common Stock 480,000.00 5 Preferred 2% Stock, $105 par 7,035,000.00 6 Retained Earnings 38,645,000.00 Prepare...
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Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $700,000 Paid-In Capital from Sale of Treasury Stock 380,800 Paid-In Capital in Excess of Par—Preferred Stock 84,960 Paid-In Capital in Excess of Stated Value—Common Stock 1,680,000 Preferred 2% Stock, $120 par 708,000 Retained Earnings 4,691,000 Prepare the Paid-In Capital...
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance...
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $560,000 Paid-In Capital from Sale of Treasury Stock 365,600 Paid-In Capital in Excess of Par—Preferred Stock 122,400 Paid-In Capital in Excess of Stated Value—Common Stock 1,344,000 Preferred 2% Stock, $120 par 1,020,000 Retained Earnings 4,504,000 Prepare the Paid-In Capital...
The following accounts and their balances were selected from the adjusted trial balance of Point Loma...
The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $420,000 Paid-In Capital from Sale of Treasury Stock 252,000 Paid-In Capital in Excess of Par—Preferred Stock 72,000 Paid-In Capital in Excess of Stated Value—Common Stock 1,008,000 Preferred 2% Stock, $120 par 600,000 Retained Earnings 3,105,000 Prepare the Paid-In Capital portion of the...
The following information was extracted from the records of TAC Corporation at the end of the fiscal year after all adjusting entries were completed: Common stock ($20 par value; 100,000 shares authorized, 34,000 shares issued, 32,000 shares outstanding) Additional paid-in capital Dividends declared and paid during the year Retained earnings at the beginning of the year Treasury stock at cost (2,000 shares) $680,000 163,000 16,000 75,000 (25,000) Net income for the year was $30,000. The stock price is currently $22.29...
Reporting Paid-In Capital The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc., a freight forwarder, at October 31, the end of the current fiscal year: Common Stock, no par, $14 stated value $700,000 Paid-In Capital from Sale of Treasury Stock 364,600 Paid-In Capital in Excess of Par-Preferred Stock 70,560 Paid-In Capital in Excess of Stated Value-Common Stock 1,680,000 Preferred 2% Stock, $120 par 588,000 Retained Earnings 4,492,000 Prepare the Paid-In Capital...
HARTER The following accounts and their balances were selected from the adjusted trial balance of Point Loma Group Inc, a freight Forwarder, at October 31, the end of the current fiscal year Common stock, no par, 14 stated value $420,000 Paid-In Capital from Sale of Treasury Stock 281,000 Paid-in Capital in Excess of Par-Preferred Stock 97,920 Paid-In Capital in Excess of stated Value-Common Stock 1,000,000 Preferred 2 Stock $120 par 816,000 Retained Earnings 3,462.000 Prepare the Paid In Capital portion...
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