A firm has $3,570,000 in its common stock account and $35,700,000 in its paid-in capital account....
A firm has $3,570,000 in its common stock account and $35,700,000 in its paid-in capital account. The firm issued 510,000 shares of common stock. What is the par value of the common stock?
Homework Answers
Calculate par value of the common stock :
Par value of common Stock = Value of Common Stock account/No of share in Common Stock
= 3570000/510000
Par value of common Stock = $7 per
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A firm has $3,570,000 in its common stock account and
$35,700,000 in its paid-in capital account....
10. A firm has $3,780,000 In its common stock account and $37,800,000 in its paid-in capital...
10. A firm has $3,780,000 In its common stock account and $37,800,000 in its paid-in capital account. The firm issued 420,000 shares of common stock. What is the par value of the common stock? O $8 per share O $99 per share $90 per share $9 per share
Please show work (answer of paid-in capital excess of par-common stock is not 1188 and paid-in...
Please show work (answer of paid-in capital excess of par-common
stock is not 1188 and paid-in capital excess of par-preferred stock
is not 1635)
Coronado Corporation's charter authorized issuance of 91,000 shares of $10 par value common stock and 53,700 shares of $50 preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is independent of the others. 1. Issued a $10,500, 9% bond payable at par and gave as a bonus one share...
E13.15 Paid-in Capital Capital Stock Additional Retained Earnings Account Other E13.15 (LO 3) Financial Statement The...
E13.15
Paid-in Capital Capital Stock Additional Retained Earnings Account Other E13.15 (LO 3) Financial Statement The following accounts appear in the ledger of Horner Inc. after the books are closed at December 31, 2020. $ 300,000 1,230,000 Common Stock, no par, S1 stated value, 400,000 shares authorized; 300,000 shares issued Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock, $5 par value, 8%, 40,000 shares authorized; 30,000 shares issued Retained Earnings Treasury Stock (10,000 common shares) Paid-in Capital in...
350,000 Kell Corporation Stockholder's Equity 12/31/XX Paid-in-Capital From stock: Preferred Stock, cumulative. 10,000 shares authorized, 7,000...
350,000 Kell Corporation Stockholder's Equity 12/31/XX Paid-in-Capital From stock: Preferred Stock, cumulative. 10,000 shares authorized, 7,000 shares issued $ Common Stock, no par, 50,000 shares authorized, 40,000 shares issued Total Paid-in-Capital from stock $ Additional Paid-in-Capital: In excess of par value - preferred stock S 49,000 In excess of stated value - common stock 240.000 Total Additional Paid-in-Capital s Total Paid-in-Capital S Retained Earnings s Total Paid-in-Capital and Retained Earnings S Less: Treasury Stock - Common (1.000 shares) Total Stockholder's...
Tractor Equipment Corporation has the balance sheet accounts, Common Stock and Paid-in Capital in Excess of...
Tractor Equipment Corporation has the balance sheet accounts, Common Stock and Paid-in Capital in Excess of Par, with values of $10,000 and $250,000, respectively. The firm has 10,000 common shares outstanding. If the firm had a par value of $1, calculate the value the stock originally sold for.
A corporation has the following account balances Common Stock, S1 par value, $110000; Pald-in Capital in...
A corporation has the following account balances Common Stock, S1 par value, $110000; Pald-in Capital in Excess of Par Value $2740000. Based on this information, the number of shares issued is 110000 number of shares outstanding is 2850000 average price per share issued is $2.59. legal capital is $2850000
Stock split Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock Common stock...
Stock split Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock Common stock (400,000 shares at $4 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity $ 400,000 1,600,000 200.000 800.000 $3,000,000 a. Indicate the change in par value and the number of shares outstanding if the firm declares a 2-for-1 stock split. a. The number of shares outstanding after a 2-for-1 stock split is shares (Round to the nearest whole number.)
Distinguishing Between Common Stock and Additional Paid-in Capital Following is the stockholders' equity section from the...
Distinguishing Between Common Stock and Additional Paid-in Capital Following is the stockholders' equity section from the Cisco Systems Inc. balance sheet for the third quarter of fiscal 2019. Shareholders' Equity (in millions, except par value) April 27, 2019 Preferred stock, no par value: 5 shares authorized; none issued and outstanding Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 4,313 shares issued and outstanding 40,577 Retained earnings (Accumulated deficit) (2,877) Accumulated other comprehensive income (loss) (896) Total...
Stock split Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock Common stock...
Stock split Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock Common stock (200,000 shares at $4 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity. $ 400,000 800,000 200,000 800,000 $2,200.000 a. Indicate the change in par value and the number of shares outstanding if the firm declares a 2-for-1 stock split b. Indicate the change, in par value and the number of shares outstanding if the firm declares a 1-for-1% reverse stock...
Common Stock, $1 par (2,700,000 shares authorized, 705,000 shares issued and outstanding) $705,000 Paid-in Capital in...
Common Stock, $1 par (2,700,000
shares authorized, 705,000 shares issued and outstanding)
$705,000
Paid-in Capital in Excess of Par
Value
1,430,000
Retained Earnings
684,000
Accumulated Other Comprehensive Income
47,000
During 2022, the following transactions and events
occurred.
1.
Issued 45,500 shares of $1 par
value common stock for $2 per share.
2.
Issued 60,500 shares of common
stock for cash at $5 per share.
3.
Purchased 23,700 shares of common
stock for the treasury at $3.30 per share.
4.
Declared...
10. A firm has $3,780,000 In its common stock account and $37,800,000 in its paid-in capital account. The firm issued 420,000 shares of common stock. What is the par value of the common stock? O $8 per share O $99 per share $90 per share $9 per share
Please show work (answer of paid-in capital excess of par-common
stock is not 1188 and paid-in capital excess of par-preferred stock
is not 1635)
Coronado Corporation's charter authorized issuance of 91,000 shares of $10 par value common stock and 53,700 shares of $50 preferred stock. The following transactions involving the issuance of shares of stock were completed. Each transaction is independent of the others. 1. Issued a $10,500, 9% bond payable at par and gave as a bonus one share...
E13.15
Paid-in Capital Capital Stock Additional Retained Earnings Account Other E13.15 (LO 3) Financial Statement The following accounts appear in the ledger of Horner Inc. after the books are closed at December 31, 2020. $ 300,000 1,230,000 Common Stock, no par, S1 stated value, 400,000 shares authorized; 300,000 shares issued Paid-in Capital in Excess of Stated Value-Common Stock Preferred Stock, $5 par value, 8%, 40,000 shares authorized; 30,000 shares issued Retained Earnings Treasury Stock (10,000 common shares) Paid-in Capital in...
350,000 Kell Corporation Stockholder's Equity 12/31/XX Paid-in-Capital From stock: Preferred Stock, cumulative. 10,000 shares authorized, 7,000 shares issued $ Common Stock, no par, 50,000 shares authorized, 40,000 shares issued Total Paid-in-Capital from stock $ Additional Paid-in-Capital: In excess of par value - preferred stock S 49,000 In excess of stated value - common stock 240.000 Total Additional Paid-in-Capital s Total Paid-in-Capital S Retained Earnings s Total Paid-in-Capital and Retained Earnings S Less: Treasury Stock - Common (1.000 shares) Total Stockholder's...
A corporation has the following account balances Common Stock, S1 par value, $110000; Pald-in Capital in Excess of Par Value $2740000. Based on this information, the number of shares issued is 110000 number of shares outstanding is 2850000 average price per share issued is $2.59. legal capital is $2850000
Stock split Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock Common stock (400,000 shares at $4 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity $ 400,000 1,600,000 200.000 800.000 $3,000,000 a. Indicate the change in par value and the number of shares outstanding if the firm declares a 2-for-1 stock split. a. The number of shares outstanding after a 2-for-1 stock split is shares (Round to the nearest whole number.)
Distinguishing Between Common Stock and Additional Paid-in Capital Following is the stockholders' equity section from the Cisco Systems Inc. balance sheet for the third quarter of fiscal 2019. Shareholders' Equity (in millions, except par value) April 27, 2019 Preferred stock, no par value: 5 shares authorized; none issued and outstanding Common stock and additional paid-in capital, $0.001 par value: 20,000 shares authorized; 4,313 shares issued and outstanding 40,577 Retained earnings (Accumulated deficit) (2,877) Accumulated other comprehensive income (loss) (896) Total...
Stock split Firm Growth Industries' current stockholders' equity account is as follows: Preferred stock Common stock (200,000 shares at $4 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity. $ 400,000 800,000 200,000 800,000 $2,200.000 a. Indicate the change in par value and the number of shares outstanding if the firm declares a 2-for-1 stock split b. Indicate the change, in par value and the number of shares outstanding if the firm declares a 1-for-1% reverse stock...
Common Stock, $1 par (2,700,000
shares authorized, 705,000 shares issued and outstanding)
$705,000
Paid-in Capital in Excess of Par
Value
1,430,000
Retained Earnings
684,000
Accumulated Other Comprehensive Income
47,000
During 2022, the following transactions and events
occurred.
1.
Issued 45,500 shares of $1 par
value common stock for $2 per share.
2.
Issued 60,500 shares of common
stock for cash at $5 per share.
3.
Purchased 23,700 shares of common
stock for the treasury at $3.30 per share.
4.
Declared...
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