The following data is available for BOX Corporation at December 31, 2014: Common stock, par $10...
The following data is available for BOX Corporation at December 31, 2014:
|
Common stock, par $10 (authorized 30,000 shares) |
$250,000 |
|
Treasury stock (at cost $15 per share) |
$1,500 |
|
Preferred stock, par $50 (authorized 10,000 shares) |
$500,000 |
Based on the data, how many shares of common stock are outstanding ie. voting?
-
24,900
-
25,000
-
29,000
-
40,000
-
80,000
Homework Answers
Here original number of shares outstanding = $250,000/$10 per share
= 25,000 shares
No. of shares as part of Treasury Stock = $1,500/$15 per share = 100 shares
Thus number of common stock outstanding = 25,000 – 100
= 24,900 shares
Thus the answer is option “a” 24,900
Add Answer to:
The following data is available for BOX Corporation at December
31, 2014:
Common stock, par $10...
The following data is available for Red Carpet Corporation at December 31: Common stock, par $2...
The following data is available for Red Carpet Corporation at December 31: Common stock, par $2 (authorized 300,000 shares) $250,000 Treasury stock (at cost $10 per share) $ 1,200 Based on the data, how many shares of common stock are outstanding? 125,000 300.000 149,880 298,880 124,880
The following data is available for Oriole Company at December 31, 2020: Common stock, par $10...
The following data is available for Oriole Company at December 31, 2020: Common stock, par $10 (authorized 29000 shares) $232000 Treasury stock (at cost $15 per share) $975 Based on the data, how many shares of common stock are outstanding? 23200. 29000. 23135. 26035.
prpr entry to recognize these costs 11. (o points) From 2012 to 2014, Lumber Liquidators had the following capital structure 7% Preferred Stock, $10 par, 10,000 shares authorized, 5,000 shares is...
prpr entry to recognize these costs 11. (o points) From 2012 to 2014, Lumber Liquidators had the following capital structure 7% Preferred Stock, $10 par, 10,000 shares authorized, 5,000 shares issued and outstanding Common sook is par, 25,000 shares authorized, 20,000 shares ismued and 550,000 Outstanding Paid-in Capital in Excess of Par Preferred Stock Common Stock 40,000 60,000 80,000 $230,000 Total Capital Stock The board of directors determined the total amount available for dividends in each year from 2012 through...
$5 Par Common $10 Par Preferred Additional paid-in capital $2,250,000 $50,000 Shares: Authorized 750,000 40,000 Issued...
$5 Par Common $10 Par Preferred Additional paid-in capital $2,250,000 $50,000 Shares: Authorized 750,000 40,000 Issued 300,000 8,000 Outstanding 250,000 8,000 Retained earnings is $1,837,000, and the cost of treasury shares is $1,200,000. Required: Prepare the stockholders' equity portion of Renee's balance sheet. Accounts, Labels and Amount Descriptions Accounts Common stock Common stock, $5 par, 750,000 shares authorized, 300,000 shares issued, and 250,000 shares outstanding Preferred stock Preferred stock, $10 par, 40,000 shares authorized, 8,000 shares issued and outstanding Retained...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 124,000 20,150 Contributed Capital Preferred Stock (par $ 20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 7,000 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 770,000 40,000 (10,000) Assume that no shares of treasury stock have been sold in the...
Udall Corporation's post-closing trial balance at December 31, 2019, was as follows: Debit Credit Accounts Payable...
Udall Corporation's post-closing trial balance at December 31, 2019, was as follows: Debit Credit Accounts Payable $290,000 Accounts Receivable $550,000 Accumulated Depreciation-Building and Equipment 200,000 Additional Paid-in Capital-on Common Stock 1,560,000 Additional Paid-in Capital from Treasury Stock 250,000 Allowance for Doubtful Accounts 30,000 Bonds Payable 400,000 Building and Equipment 1,100,000 Cash 220,000 Common Stock ($1 par value) 150,000 Dividends Payable on Preferred Stock 4,000 Inventories 620,000 Land 380,000 Available-for-Sale Investments 285,000 Trading Investments 215,000 Preferred Stock ($50 par value) 500,000...
Weighted Average Shares Jumbo Corporation reported the following information about its stock on its December 31,...
Weighted Average Shares Jumbo Corporation reported the following information about its stock on its December 31, 2018, balance sheet: Preferred stock, $100 par value, 6% cumulative, 30,000 shares authorized 1,000 shares issued and outstanding $100,000 Common stock, $10 par value, 150,000 shares authorized 50,000 shares issued and outstanding 500,000 Jumbo Corporation engaged in the following stock transactions during 2019: Mar. 1 Issued 10,000 shares of common stock for cash. Apr. 1 Purchased 2,000 shares of common stock as treasury stock....
On January 1, 2018, Windsor Corporation was authorized to issue 400,000 shares of common stock, par...
On January 1, 2018, Windsor Corporation was authorized to issue 400,000 shares of common stock, par value $12 per share, and 80,000 shares of 5 percent cumulative preferred stock, par value $25 per share. The preferred dividends are 2 years in arrears. Prepare Journal Entries to record the following 2018 transactions: 1. Windsor Corporation was granted a charter authorizing the issuance of 400,000 shares of common stock. 2. Issued 80,000 shares of common stock at $19 per share. 3. Issued...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2016: Common stock—$10 par...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2016: Common stock—$10 par value, 100,000 shares authorized, 50,000 shares issued and outstanding $500,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 400,000 Total stockholders' equity $980,000 In year 2017, the following transactions affected its stockholders’ equity accounts. Jan. 1 Purchased 4,000 shares of its own stock at $20 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable on...
9. Here is a company's December 31" Equity Section of the balance sheet: Common Stock, $10...
9. Here is a company's December 31" Equity Section of the balance sheet: Common Stock, $10 par, 10,000 shares issued and outstanding $100,000 Paid-In Capital in Excess of Par - Common Stock 240,000 Retained Earnings 700,000 Total Stockholder's Equity $1,040,000 What was the market price paid for each share of common stock? 10. A corporation is authorized by its corporate charter to issue 10,000 shares of preferred stock with a 7% dividend rate and a par value of $3 per...
The following data is available for Red Carpet Corporation at December 31: Common stock, par $2 (authorized 300,000 shares) $250,000 Treasury stock (at cost $10 per share) $ 1,200 Based on the data, how many shares of common stock are outstanding? 125,000 300.000 149,880 298,880 124,880
prpr entry to recognize these costs 11. (o points) From 2012 to 2014, Lumber Liquidators had the following capital structure 7% Preferred Stock, $10 par, 10,000 shares authorized, 5,000 shares issued and outstanding Common sook is par, 25,000 shares authorized, 20,000 shares ismued and 550,000 Outstanding Paid-in Capital in Excess of Par Preferred Stock Common Stock 40,000 60,000 80,000 $230,000 Total Capital Stock The board of directors determined the total amount available for dividends in each year from 2012 through...
$5 Par Common $10 Par Preferred Additional paid-in capital $2,250,000 $50,000 Shares: Authorized 750,000 40,000 Issued 300,000 8,000 Outstanding 250,000 8,000 Retained earnings is $1,837,000, and the cost of treasury shares is $1,200,000. Required: Prepare the stockholders' equity portion of Renee's balance sheet. Accounts, Labels and Amount Descriptions Accounts Common stock Common stock, $5 par, 750,000 shares authorized, 300,000 shares issued, and 250,000 shares outstanding Preferred stock Preferred stock, $10 par, 40,000 shares authorized, 8,000 shares issued and outstanding Retained...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 124,000 20,150 Contributed Capital Preferred Stock (par $ 20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 7,000 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 770,000 40,000 (10,000) Assume that no shares of treasury stock have been sold in the...
Udall Corporation's post-closing trial balance at December 31, 2019, was as follows: Debit Credit Accounts Payable $290,000 Accounts Receivable $550,000 Accumulated Depreciation-Building and Equipment 200,000 Additional Paid-in Capital-on Common Stock 1,560,000 Additional Paid-in Capital from Treasury Stock 250,000 Allowance for Doubtful Accounts 30,000 Bonds Payable 400,000 Building and Equipment 1,100,000 Cash 220,000 Common Stock ($1 par value) 150,000 Dividends Payable on Preferred Stock 4,000 Inventories 620,000 Land 380,000 Available-for-Sale Investments 285,000 Trading Investments 215,000 Preferred Stock ($50 par value) 500,000...
On January 1, 2018, Windsor Corporation was authorized to issue 400,000 shares of common stock, par value $12 per share, and 80,000 shares of 5 percent cumulative preferred stock, par value $25 per share. The preferred dividends are 2 years in arrears. Prepare Journal Entries to record the following 2018 transactions: 1. Windsor Corporation was granted a charter authorizing the issuance of 400,000 shares of common stock. 2. Issued 80,000 shares of common stock at $19 per share. 3. Issued...
9. Here is a company's December 31" Equity Section of the balance sheet: Common Stock, $10 par, 10,000 shares issued and outstanding $100,000 Paid-In Capital in Excess of Par - Common Stock 240,000 Retained Earnings 700,000 Total Stockholder's Equity $1,040,000 What was the market price paid for each share of common stock? 10. A corporation is authorized by its corporate charter to issue 10,000 shares of preferred stock with a 7% dividend rate and a par value of $3 per...
Most questions answered within 3 hours.
-
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 27 minutes ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 29 minutes ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 34 minutes ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 38 minutes ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 48 minutes ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 56 minutes ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 54 minutes ago -
Write MARIE assembly language programs that do the following:
Write a program that inputs an integer...
asked 57 minutes ago -
Explain an understanding of services and protocols.
Explain the job of DNS.
Explain the three email...
asked 1 hour ago -
(As soon as possible) Balance each of the following equations
according to the half-reaction method:
H2O2(aq)...
asked 1 hour ago -
A thin rod with a mass of 3.5kg and a length L=1.5 m is oriented
horizontally....
asked 1 hour ago -
Inheritance pattern in BRCA 1
Describe the inheritance pattern of BRCA 1 Is it recessive or...
asked 1 hour ago