The following is one problem with chronological steps to reach the final answer. EQUITY PROBLEM [30...
The following is one problem with chronological steps to reach the final answer.
EQUITY PROBLEM [30 Points]
Bruins Inc. has the following items in their current balance sheet:
Common Stock 10,000,000 shares authorized, $1,000,000 issued $3,000,000
Capital Surplus $9,000,000
Treasury Stock on Common 100,000 shares $6,000,000
Cumulative Preferred Stock 500,000 authorized
[2%] $100 par $8,000,000
Treasury Stock on Preferred Stock 10000 shares $6,000,000
Retained Earnings $60,000,000
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Bruins Inc. wishes to announce a total cash dividend of $40,000,000. How is this dividend to be split between the common and preferred stockholders?
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What is the dividend per share for common and preferred after the dividend distribution from question 1 above?
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Suppose Bruins Inc. was two years in the arrears in paying dividends to the preferred stockholders, then what is the dollar amount of the preferred and common shareholder dividend?
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How many Bruins common stock shares are outstanding?
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If Bruins Inc. announces a 4 for 1 stock split of the cumulative preferred then what is the new total amount of the preferred stock?
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If Bruins Inc. were to provide for a 10% common stock dividend, then how many new shares are to be mailed to existing shareholders?
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Assume in question [6] the market price of the common stock was $15 at the time of the stock dividend announcement. What is the journal entry to record the stock dividend?
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Using the equity portion of the Bruins Inc. balance sheet above, determine the amount of the total equity in Bruins Inc. Assume this question ignores the results of questions [1-7] above.
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What is the impact of the common and preferred cash dividend [$5,000,000 as per question 1 above] on the current balance sheet of Bruins Inc.?
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What is the impact of the 20% common stock dividend on the balance sheet? Assume this question ignores questions [1-9] above.
Homework Answers
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The following is one problem with chronological steps to reach
the final answer.
EQUITY PROBLEM [30...
Bruins Inc. has the following items in their current balance sheet: Common Stock 10,000,000 shares authorized,...
Bruins Inc. has the following items in their current balance sheet: Common Stock 10,000,000 shares authorized, $1,000,000 issued $3,000,000 Capital Surplus $9,000,000 Treasury Stock on Common 100,000 shares $6,000,000 Cumulative Preferred Stock 500,000 authorized [2%] $100 par $8,000,000 Treasury Stock on Preferred Stock 10000 shares $6,000,000 Retained Earnings $60,000,000 Bruins Inc. wishes to announce a total cash dividend of $40,000,000. How is this dividend to be split between the common and preferred stockholders? What is the dividend per share...
Problem 8-25 Analyzing the stockholders' equity section of the balance sheet The stockholders' equity section of...
Problem 8-25 Analyzing the stockholders' equity section of the balance sheet The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2016, is as follows. Stockholders Equity Paid-in capital 200,000 Preferred stock, ? par value, 6% cumulative, 100,000 shares authorized 10,000 shares issued and outstanding Common stock, $10 stated value, 200,000 shares authorized, 100,000 shares issued and ?? shares outstanding 1,000,000 Paid-in capital in excess of par- Preferred 25,000 Paid-in capital in 50o,000 excess of...
DeZurik Corp. had the following stockholders’ equity section in its June 30, 2019, balance sheet (in...
DeZurik Corp. had the following stockholders’ equity
section in its June 30, 2019, balance sheet (in thousands, except
share and per share amounts):
Calculate the par value per share of preferred stock and
determine the preferred stock dividend percentage.
Calculate the amount that should be shown on the balance
sheet for common stock at June 30, 2019.
What was the average issue price of common stock shown
on the June 30, 2019, balance sheet?
How many shares of treasury stock...
I need B. DeZurik Corp. had the following stockholders’ equity section in its June 30, 2020,...
I need B.
DeZurik Corp. had the following stockholders’ equity section in
its June 30, 2020, balance sheet (in thousands, except share and
per share amounts):
June 30 (in thousands)
2020
2019
Paid-in capital:
$5.50 Preferred stock, $ ? par value, cumulative, 200,000
shares authorized, 96,000 shares issued and outstanding
$
3,840
Common stock, $5 par value, 4,000,000 shares authorized,
3,380,000 shares issued, 3,000,000 shares outstanding
Additional paid-in capital on common stock
27,040
Retained earnings
Less: Treasury common stock, at...
Please give me full answer Problem 8-25 The stockl s as tollows.qty nalyzing the stockholders' equity...
Please give me full answer
Problem 8-25 The stockl s as tollows.qty nalyzing the stockholders' equity section of the balance sheet bolders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2016, LO 8-2, 8-4, 8-5, 8-7 by stockholders'Equity -in capital Paid-dered stock, ? par value, 6% cumulative, CHECK FIGURES a. Par value per share: $20 b. Dividend per share: $1.20 100,000 shares authorized. 10,000 shares issued and outstanding ommon stock, $10 stated value, 200,000 shares...
Problem 11-26A Analyzing the stockholders' equity section of the balance sheet LO 11-2, 11-3, 11-7 The...
Problem 11-26A Analyzing the stockholders' equity section of the balance sheet LO 11-2, 11-3, 11-7 The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, Year 1, is as follows: Stockholders' Equity Paid-in capital Preferred stock,? par value, 5% cumulative, 160,e00 shares authorized, 46,000 shares issued and outstanding Common stock, $20 stated value, 210,000 shares authorized, 46,000 shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common Total...
Please write a clear answer and correct 11-26B Analyzing the stockho kholders' equity section of the...
Please write a clear answer and correct
11-26B Analyzing the stockho kholders' equity section of the balance sheet for Stinson Co lders' equity section of the balance sheet Proprietorships, Partnerships, and Corporation as follows r Stinson Company at December 31, Year , is LO 11-2, 11 Stockholders' Equity Paid-in capital Preferred stock. ? par value, 5% cumulative 100,000 shares authorized, 40,000 shares issued and outstanding Common stock, $20 stated value, 150,000 shares 400,000 authorized, 40,000 shares issued and ? outstanding...
The stockholders' equity section of Blue Spruce Corp.'s balance sheet at December 31 is presented here....
The stockholders' equity section of Blue Spruce Corp.'s balance sheet at December 31 is presented here. BLUE SPRUCE CORP Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 8,667 shares authorized, 5,200 shares issued and outstanding 530,400 2,308,000 2,838,400 1,180,000 4,018,400 28,800 $3,989,600 Common stock, no par, 746,120 shares authorized, 577,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (5,400 common shares) Total stockholders' equity From a review of the stockholders'...
Critical Thinking Problem 20.2 Interpreting the Balance Sheet The Stockholders' Equity section of Foreign Tours Corporation's...
Critical Thinking Problem 20.2 Interpreting the Balance Sheet The Stockholders' Equity section of Foreign Tours Corporation's balance sheet at the close of the current year follows. 10 points $ 6,000,000 320,00 Stockholders' Equity Preferred stock (3%, $75 par value, 100,000 shares authorized) At Par Value (80,000 shares issued) Paid-in Capital in Excess of Par Value Common Stock (no par value, stated value of $5, 1,800,000 shares authorized) At Stated Value Paid-in Capital in Excess of Stated Value Retained Earnings Total...
In Draco Corporation's first year of business, the following transactions affected its equity accounts. • Issued...
In Draco Corporation's first year of business, the following transactions affected its equity accounts. • Issued 6,800 shares of $2 par value common stock for $46. It authorized 20,000 shares. • Issued 1,700 shares of 12%, $10 par value preferred stock for $51. It authorized 3,000 shares. • Reacquired 340 shares of common stock for $58 each. • Retained earnings is impacted by reported net income of $78,000 and cash dividends of $29,000, Prepare the stockholders' equity section of Draco's...
Problem 8-25 Analyzing the stockholders' equity section of the balance sheet The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2016, is as follows. Stockholders Equity Paid-in capital 200,000 Preferred stock, ? par value, 6% cumulative, 100,000 shares authorized 10,000 shares issued and outstanding Common stock, $10 stated value, 200,000 shares authorized, 100,000 shares issued and ?? shares outstanding 1,000,000 Paid-in capital in excess of par- Preferred 25,000 Paid-in capital in 50o,000 excess of...
DeZurik Corp. had the following stockholders’ equity
section in its June 30, 2019, balance sheet (in thousands, except
share and per share amounts):
Calculate the par value per share of preferred stock and
determine the preferred stock dividend percentage.
Calculate the amount that should be shown on the balance
sheet for common stock at June 30, 2019.
What was the average issue price of common stock shown
on the June 30, 2019, balance sheet?
How many shares of treasury stock...
I need B.
DeZurik Corp. had the following stockholders’ equity section in
its June 30, 2020, balance sheet (in thousands, except share and
per share amounts):
June 30 (in thousands)
2020
2019
Paid-in capital:
$5.50 Preferred stock, $ ? par value, cumulative, 200,000
shares authorized, 96,000 shares issued and outstanding
$
3,840
Common stock, $5 par value, 4,000,000 shares authorized,
3,380,000 shares issued, 3,000,000 shares outstanding
Additional paid-in capital on common stock
27,040
Retained earnings
Less: Treasury common stock, at...
Please give me full answer
Problem 8-25 The stockl s as tollows.qty nalyzing the stockholders' equity section of the balance sheet bolders' equity section of the balance sheet for Mann Equipment Co. at December 31, 2016, LO 8-2, 8-4, 8-5, 8-7 by stockholders'Equity -in capital Paid-dered stock, ? par value, 6% cumulative, CHECK FIGURES a. Par value per share: $20 b. Dividend per share: $1.20 100,000 shares authorized. 10,000 shares issued and outstanding ommon stock, $10 stated value, 200,000 shares...
Problem 11-26A Analyzing the stockholders' equity section of the balance sheet LO 11-2, 11-3, 11-7 The stockholders' equity section of the balance sheet for Mann Equipment Co. at December 31, Year 1, is as follows: Stockholders' Equity Paid-in capital Preferred stock,? par value, 5% cumulative, 160,e00 shares authorized, 46,000 shares issued and outstanding Common stock, $20 stated value, 210,000 shares authorized, 46,000 shares issued and outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated value-Common Total...
Please write a clear answer and correct
11-26B Analyzing the stockho kholders' equity section of the balance sheet for Stinson Co lders' equity section of the balance sheet Proprietorships, Partnerships, and Corporation as follows r Stinson Company at December 31, Year , is LO 11-2, 11 Stockholders' Equity Paid-in capital Preferred stock. ? par value, 5% cumulative 100,000 shares authorized, 40,000 shares issued and outstanding Common stock, $20 stated value, 150,000 shares 400,000 authorized, 40,000 shares issued and ? outstanding...
The stockholders' equity section of Blue Spruce Corp.'s balance sheet at December 31 is presented here. BLUE SPRUCE CORP Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 8,667 shares authorized, 5,200 shares issued and outstanding 530,400 2,308,000 2,838,400 1,180,000 4,018,400 28,800 $3,989,600 Common stock, no par, 746,120 shares authorized, 577,000 shares issued Total paid-in capital Retained earnings Total paid-in capital and retained earnings Less: Treasury stock (5,400 common shares) Total stockholders' equity From a review of the stockholders'...
Critical Thinking Problem 20.2 Interpreting the Balance Sheet The Stockholders' Equity section of Foreign Tours Corporation's balance sheet at the close of the current year follows. 10 points $ 6,000,000 320,00 Stockholders' Equity Preferred stock (3%, $75 par value, 100,000 shares authorized) At Par Value (80,000 shares issued) Paid-in Capital in Excess of Par Value Common Stock (no par value, stated value of $5, 1,800,000 shares authorized) At Stated Value Paid-in Capital in Excess of Stated Value Retained Earnings Total...
In Draco Corporation's first year of business, the following transactions affected its equity accounts. • Issued 6,800 shares of $2 par value common stock for $46. It authorized 20,000 shares. • Issued 1,700 shares of 12%, $10 par value preferred stock for $51. It authorized 3,000 shares. • Reacquired 340 shares of common stock for $58 each. • Retained earnings is impacted by reported net income of $78,000 and cash dividends of $29,000, Prepare the stockholders' equity section of Draco's...
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