Tiger Company's total stockholders' equity at the beginning of the year was $180,000. During the year...
Tiger Company's total stockholders' equity at the beginning of the year was $180,000. During the year Tiger reported the following: Net income of $84,000. Dividend declarations totaling $17,500. Issued stock to stockholders in exchange for $44,500 cash. Borrowed $11,500 from a stockholder. What is Tiger's total stockholders' equity at the end of the year?
Homework Answers
Stockholders' Equity statement
| Stockholders' equity, beginning | 180,000 |
| Net income | 84,000 |
| New stock issued | 44,500 |
| Dividend declared | -17,500 |
| Stockholders' equity, ending | $291,000 |
Tiger's total stockholders' equity at the end of the year = $291,000
kindly give a positive rating if you are satisfied with the solution. Please ask if you have any query related to the question, Thanks.
Add Answer to:
Tiger Company's total stockholders' equity at the beginning of
the year was $180,000. During the year...
The balance of stockholders' equity at the beginning of the year and the end of the...
The balance of stockholders' equity at the beginning of the year and the end of the year was $50,000 and $60,000, respectively. The company issued no common stock during the year. Dividends were $24,000. What was the net income or loss for the year? O A. Net loss of $84,000 OB. Net income of $84,000 O c. Net loss of $34,000 OD. Net income of $34,000
Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders'...
Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders' equity, end-of-year $ 16,953 722,855 93,932 113,201 208,935 136,851 The return on total assets is: (Do not round intermediate calculations.) Multiple Choice 2.61% D 6.13% 2.89% O N 2.35% 2.39% < Prex 21 of 36 !!! Next > to search SAMSUNG
The following account balances relate to the stockholders’ equity accounts of Kerbs Corp. at year-end....
The following account balances relate to the stockholders’
equity accounts of Kerbs Corp. at year-end.
2020
2019
Common stock, 10,500 and 10,000 shares,
respectively, for 2020 and 2019
$157,600
$141,100
Preferred stock, 5,000 shares
106,000
106,000
Retained earnings
301,700
245,200
A small stock dividend was declared and issued in 2020. The result
of the stock dividend was to decrease retained earnings by $11,500
and increase common stock by $11,500. Cash dividends were $15,100
in both 2020 and 2019. The common...
A company reported total stockholders' equity of $336,000 on its balance sheet dated December 31, 2018....
A company reported total stockholders' equity of $336,000 on its balance sheet dated December 31, 2018. During the year ended December 31, 2019, the company reported net income of $41,400, declared and paid a cash dividend of $9,400, declared and distributed a 10% stock dividend with a $11,400 total market value, issued additional common stock for $56,000, and paid $13,400 to purchase treasury stock. What is total stockholders' equity as of December 31, 2019? Multiple Choice: $424,000. $410,600. $399,200. $437,400.
Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the fiscal year...
Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2089, are as follows. COMMON STOCK 800,000 Jan. 1 Apr. 14 Balance Issued 12,000 shares Balance 360,000 1,160,000 Dec. 31 PAID-IN CAPITAL IN EXCESS OF PAR 128,000 Jan. 1 Apr. 14 Balance Issued 12,000 shares Balance 84,000 212,000 Dec. 31 TREASURY STOCK Aug. 7 Purchased 2,000 shares 56,000 1,390,000 Mar. 31 June. 30 Sept. 30 Dec. 31 Dividend Dividend Dividend Dividend...
Premierline, Inc. reported the following shareholders' equity section as of the beginning of the current year...
Premierline, Inc. reported the following shareholders' equity section as of the beginning of the current year (Click the icon to view the data.) During the current year, Premierline engaged in the following transactions affecting the stockholders' equity section of its current balance sheet. Prepare all journal entries required to record the following transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) 1. Issued 200,000 shares of its 51 par value common stock at $35 per share. The...
Premierline, Inc. reported the following shareholders' equity section as of the beginning of the current year...
Premierline, Inc. reported the following shareholders' equity section as of the beginning of the current year (Click the icon to view the data.) During the current year, Premierline engaged in the following transactions affecting the stockholders' equity section of its current balance sheet. Prepare all journal entries required to record the following transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) 1. Issued 200,000 shares of its 51 par value common stock at $35 per share. The...
A company reported total stockholders' equity of $532,000 on its balance sheet dated December 31, 2018....
A company reported total stockholders' equity of $532,000 on its balance sheet dated December 31, 2018. During the year ended December 31, 2019, the company reported net income of $61,800, declared and paid a cash dividend of $19.800, declared and distributed a 10% stock dividend with a $16,800 total market value issued additional common stock for $62,000, and resold treasury stock for $16,800 that it had purchased in 2018 for $13,800. What is total stockholders' equity as of December 31,...
At the beginning of the year, the stockholders' equity section of the balance sheet of Solutions...
At the beginning of the year, the stockholders' equity section of the balance sheet of Solutions Corporation reflected the following: Common stock ($14 par value; 79,000 shares authorized, 43,000 shares outstanding) Additional paid-in capital Retained earnings $602,000 129,000 750,000 On February 1, the board of directors declared a 60 percent stock dividend to be issued April 30. The market value of the stock on February 1 was $17 per share. The market value of the stock on April 30 was...
Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following stockholders'...
Reporting Stockholders' Equity Items on Statement of Cash Flows On the basis of the following stockholders' equity accounts, indicate the items, exclusive of net income, to be reported on the statement of cash flows. There were no unpaid dividends at either the beginning or the end of the year. ACCOUNT Common Stock, $5 par ACCOUNT NO. Balance Date Item Debit Credit Debit Credit Jan. 1 Balance, 45,000 shares 225,000 Apr. 2 11,250 shares issued for cash 56,250 281,250 June 30...
The balance of stockholders' equity at the beginning of the year and the end of the year was $50,000 and $60,000, respectively. The company issued no common stock during the year. Dividends were $24,000. What was the net income or loss for the year? O A. Net loss of $84,000 OB. Net income of $84,000 O c. Net loss of $34,000 OD. Net income of $34,000
Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year Total stockholders' equity, beginning-year Total stockholders' equity, end-of-year $ 16,953 722,855 93,932 113,201 208,935 136,851 The return on total assets is: (Do not round intermediate calculations.) Multiple Choice 2.61% D 6.13% 2.89% O N 2.35% 2.39% < Prex 21 of 36 !!! Next > to search SAMSUNG
The following account balances relate to the stockholders’
equity accounts of Kerbs Corp. at year-end.
2020
2019
Common stock, 10,500 and 10,000 shares,
respectively, for 2020 and 2019
$157,600
$141,100
Preferred stock, 5,000 shares
106,000
106,000
Retained earnings
301,700
245,200
A small stock dividend was declared and issued in 2020. The result
of the stock dividend was to decrease retained earnings by $11,500
and increase common stock by $11,500. Cash dividends were $15,100
in both 2020 and 2019. The common...
Statement of Stockholders' Equity The stockholders' equity T accounts of I-Cards Inc. for the fiscal year ended December 31, 2089, are as follows. COMMON STOCK 800,000 Jan. 1 Apr. 14 Balance Issued 12,000 shares Balance 360,000 1,160,000 Dec. 31 PAID-IN CAPITAL IN EXCESS OF PAR 128,000 Jan. 1 Apr. 14 Balance Issued 12,000 shares Balance 84,000 212,000 Dec. 31 TREASURY STOCK Aug. 7 Purchased 2,000 shares 56,000 1,390,000 Mar. 31 June. 30 Sept. 30 Dec. 31 Dividend Dividend Dividend Dividend...
Premierline, Inc. reported the following shareholders' equity section as of the beginning of the current year (Click the icon to view the data.) During the current year, Premierline engaged in the following transactions affecting the stockholders' equity section of its current balance sheet. Prepare all journal entries required to record the following transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) 1. Issued 200,000 shares of its 51 par value common stock at $35 per share. The...
Premierline, Inc. reported the following shareholders' equity section as of the beginning of the current year (Click the icon to view the data.) During the current year, Premierline engaged in the following transactions affecting the stockholders' equity section of its current balance sheet. Prepare all journal entries required to record the following transactions. (Record debits first, then credits. Exclude explanations from any journal entries.) 1. Issued 200,000 shares of its 51 par value common stock at $35 per share. The...
A company reported total stockholders' equity of $532,000 on its balance sheet dated December 31, 2018. During the year ended December 31, 2019, the company reported net income of $61,800, declared and paid a cash dividend of $19.800, declared and distributed a 10% stock dividend with a $16,800 total market value issued additional common stock for $62,000, and resold treasury stock for $16,800 that it had purchased in 2018 for $13,800. What is total stockholders' equity as of December 31,...
At the beginning of the year, the stockholders' equity section of the balance sheet of Solutions Corporation reflected the following: Common stock ($14 par value; 79,000 shares authorized, 43,000 shares outstanding) Additional paid-in capital Retained earnings $602,000 129,000 750,000 On February 1, the board of directors declared a 60 percent stock dividend to be issued April 30. The market value of the stock on February 1 was $17 per share. The market value of the stock on April 30 was...
Most questions answered within 3 hours.
-
Starting with benzene, synthesize 1-phenyl-1-butyne.
Show intermediates and reagents.
asked 42 minutes ago -
Create a 32-run crossed array design with six control factors
and two noise factors such that...
asked 1 hour ago -
A 500g sample of sand from source A has the following amounts
retained on each sieve....
asked 1 hour ago -
In
your own words, please explain the essay by John Keynes wrote "The
End of Laissez...
asked 1 hour ago -
How are the matrix and pixels related? Why are smaller
pixels better for diagnostic quality?
asked 1 hour ago -
2. An AC generator has 80 rectangular loops on
its armature. Each loop is 11 cm...
asked 1 hour ago -
Please help me with this question. Consider Aldi’s current and
potential geographic markets (see Exhibit 4...
asked 1 hour ago -
What are the main components of the fermentation process and
give an explanation of each? Include...
asked 2 hours ago -
Explain which types of cells in the body (belonging to which
organs, etc.) are sensitive to...
asked 2 hours ago -
A single cable supports an 703-kg elevator car. What is the
tension in the cable when...
asked 2 hours ago -
among the three different ways to link CSS specifications to an
HTML document (inline CSS, document...
asked 2 hours ago -
(1) Write the net ionic equation for the reaction that occurs
when equal volumes of 0.191...
asked 2 hours ago