Homework Answers
| POWER DRIVE CORPORATION | |||||
| STATEMENT OF STOCKHOLDER'S EQUITY | |||||
| FOR THE YEAR ENDED DECEMBER 31,2018 | |||||
| COMMON STOCK | ADDITIONAL PAID IN CAPITAL | RETAINED EARNINGS | TREASURY STOCK | TOTAL STOCKHOLDER'S EQUITY | |
| BALANCE JANUARY 1 | 100,000 | 5,000,000 | 2,500,000 | 7,600,000 | |
| ISSUED COMMON STOCK | 60,000 | 3,360,000 | 3,420,000 | ||
| PURCHASE TREASURY STOCK | (330,000) | (330,000) | |||
| DIVIDENDS | (270,375) | (270,375) | |||
| SALE OF TREASURY STOCK | 13,750(2750 SHARES * $5) | 165,000(2750 SHARES * $60) | 178,750 | ||
| NET INCOME | 650,000 | 650,000 | |||
| BALANCE DECEMBER 31 | 160,000 | 8,373,750 | 2,879,625 | (165,000) | 11,248,375 |
THE REISSUE OF TREASURY STOCK WILL BE RENSTATED WITH THE SAME RATE WHEN THESE WERE REPURHASED i.e @$60
Rest $5($65-$60) is additional paid in capital
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power drive corporation designs and
I only need the 2 spots in the "sale of treasury...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2018 Power Drive has the following transactions affecting stockholders' equity in 2018 March 1 Issues 60,000 additional shares of $1 par value common stock for $57 per share. May 10 Repurchases 5,500 shares of treasury stock for $60 per share. June 1 Declares a cash dividend of $1.75 per share to all...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2018. Power Drive has the following transactions affecting stockholders' equity in 2018. March 1 Issues 65,000 additional shares of $1 par value common stock for $62 per share. May 10 Repurchases 6,000 shares of treasury stock for $65 per share. June 1 Declares a cash dividend of $2.00 per share to all...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2018. Power Drive has the following transactions affecting stockholders' equity in 2018. March 1 Issues 64,000 additional shares of $1 par value common stock for $61 per share. May 10 Repurchases 5,900 shares of treasury stock for $64 per share. June 1 Declares a cash dividend of $1.95 per share to all...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2018. Power Drive has the following transactions affecting stockholders' equity in 2018. March 1 Issues 62,000 additional shares of $1 par value common stock for $59 per share. May 10 Repurchases 5,700 shares of treasury stock for $62 per share. June 1 Declares a cash dividend of $1.85 per share to all...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding and 5000 shares of preferred stock outstanding as of the beginning of 2018. Power Drive has the following transactions affecting stockholders' equity in 2018. March 1 Issues 65,000 additional shares of $1 par value common stock for $62 per share. May 10 Repurchases 6.000 shares of treasury stock for $65 per share May 21 Reissues 3,000 shares...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares o...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding and 5000 shares of preferred stock outstanding as of the beginning of 2018. Power Drive has the following transactions affecting stockholders’ equity in 2018. March 1 Issues 65,000 additional shares of $1 par value common stock for $62 per share. May 10 Repurchases 6,000 shares of treasury stock for $65 per share May 21 Reissues 3,000 shares...
Return to question Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Dr...
Return to question Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100.000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021. 0.76 points March 1 Issues 60,000 additional shares of $1 par value common stock for $57 per share. May 10 Purchases 5,500 shares of treasury stock for $60 per share. June 1 Declares a cash dividend of...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares o...
Power Drive Corporation designs and produces a line of golf
equipment and golf apparel. Power Drive has 100,000 shares of
common stock outstanding as of the beginning of 2018. Power Drive
has the following transactions affecting stockholders' equity in
2018.
March 1 Issues 61,000 additional shares of $1 par value common
stock for $58 per share.
May 10 Repurchases 5,600 shares of treasury stock for $61 per
share.
June 1 Declares a cash dividend of $1.80 per share to...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding and 5000 shares of preferred stock outstanding as of the beginning of 2018. Power Drive has the following transactions affecting stockholders’ equity in 2018. March 1Issues 65,000 additional shares of $1 par value common stock for $62 per share. May 10 Repurchases 6,000 shares of treasury stock for $65 per share May 21 Reissues 3,000 shares of...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021. March 1 Issues 65,000 additional shares of $1 par value common stock for $62 per share. May 10 Purchases 6,000 shares of treasury stock for $65 per share. June 1 Declares a cash dividend of $2.00 per share to all...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2018 Power Drive has the following transactions affecting stockholders' equity in 2018 March 1 Issues 60,000 additional shares of $1 par value common stock for $57 per share. May 10 Repurchases 5,500 shares of treasury stock for $60 per share. June 1 Declares a cash dividend of $1.75 per share to all...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2018. Power Drive has the following transactions affecting stockholders' equity in 2018. March 1 Issues 62,000 additional shares of $1 par value common stock for $59 per share. May 10 Repurchases 5,700 shares of treasury stock for $62 per share. June 1 Declares a cash dividend of $1.85 per share to all...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding and 5000 shares of preferred stock outstanding as of the beginning of 2018. Power Drive has the following transactions affecting stockholders' equity in 2018. March 1 Issues 65,000 additional shares of $1 par value common stock for $62 per share. May 10 Repurchases 6.000 shares of treasury stock for $65 per share May 21 Reissues 3,000 shares...
Return to question Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100.000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021. 0.76 points March 1 Issues 60,000 additional shares of $1 par value common stock for $57 per share. May 10 Purchases 5,500 shares of treasury stock for $60 per share. June 1 Declares a cash dividend of...
Power Drive Corporation designs and produces a line of golf
equipment and golf apparel. Power Drive has 100,000 shares of
common stock outstanding as of the beginning of 2018. Power Drive
has the following transactions affecting stockholders' equity in
2018.
March 1 Issues 61,000 additional shares of $1 par value common
stock for $58 per share.
May 10 Repurchases 5,600 shares of treasury stock for $61 per
share.
June 1 Declares a cash dividend of $1.80 per share to...
Power Drive Corporation designs and produces a line of golf equipment and golf apparel. Power Drive has 100,000 shares of common stock outstanding as of the beginning of 2021. Power Drive has the following transactions affecting stockholders' equity in 2021. March 1 Issues 65,000 additional shares of $1 par value common stock for $62 per share. May 10 Purchases 6,000 shares of treasury stock for $65 per share. June 1 Declares a cash dividend of $2.00 per share to all...
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