Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have ...
Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have normal balances. Deficit (debit balance in retained earnings) $ 1,300 Common stock 2,400 Paid-in capital-treasury stock 2,800 Treasury stock at cost 360 Paid-in capital—excess of par 31,100 During 2019 ($ in 000s), net income was $10,900; 25% of the treasury stock was resold for $640; cash dividends declared were $650; cash dividends paid were $430. What ($ in 000s) was shareholders' equity as of December 31, 2018?
Multiple Choice
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$31,840.
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$34,640.
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$35,360.
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Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have ...
Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have...
Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have normal balances. $ 2,900 Deficit (debit balance in retained earnings) Common stock 2,600 Paid-in capital-treasury stock 2,500 Treasury stock at cost 390 Paid-in capital-excess of par 31,100 During 2019 ($ in 000s), net income was $9,100; 25 % of the treasury stock was resold for $480; cash dividends declared were $770; cash dividends paid were $470. What ($ in 000s) was shareholders' equity as...
As of December 31, 2018, Warner Corporation reported the following: Dividends payable $ 25,000 Treasury...
As of December 31, 2018, Warner Corporation reported the following: Dividends payable $ 25,000 Treasury stock 650,000 Paid-in capital—share repurchase 25,000 Other paid-in capital accounts 4,500,000 Retained earnings 3,500,000 During 2019, half of the treasury stock was resold for $250,000; net income was $650,000; cash dividends declared were $1,550,000; and stock dividends declared were $550,000. The 2019 sale of half of the treasury stock would:
As of December 31, 2018, Warner Corporation reported the following: Dividends payable $ 23,000 Treasury stock...
As of December 31, 2018, Warner Corporation reported the following: Dividends payable $ 23,000 Treasury stock 630,000 Paid-in capital—share repurchase 23,000 Other paid-in capital accounts 4,300,000 Retained earnings 3,300,000 During 2019, half of the treasury stock was resold for $270,000; net income was $630,000; cash dividends declared were $1,470,000; and stock dividends declared were $530,000. What would shareholders' equity be as of December 31, 2019? ** I can't decide if I need to include "Paid-In Capital - Share repurchase" in...
Help Save & Exit Submit As of December 31, 2018, Warner Corporation reported the following Dividends...
Help Save & Exit Submit As of December 31, 2018, Warner Corporation reported the following Dividends payable Treasury stock Paid-in capital-share repurchase other paid-in capital accounts Retained earnings $ 31,000 710,000 31,000 5,100,000 4,100,000 During 2019. half of the treasury stock was resold for $262.000, net income was $710,000, cash dividends declared were $1610,000, and stock dividends declared were $610,000 What would shareholders' equity be as of December 31, 2019? Multiple Choice $7.976,000 $8,883,000 o $7,883,000 O 55710,000 $570,000
Returning to Warner Corporation from the previous problem: As of December 31, 2018, Warner Corporation reported...
Returning to Warner Corporation from the previous problem: As of December 31, 2018, Warner Corporation reported the following: Dividends Payable: $20,000 Treasury Stock: $600,000 Paid-in-Capital, Common Stock: $20,000 Paid-in-Capital, Other Shares: $4,000,000 Retained Earnings: $3,000,000 Now, assume Warner Corp performed the following transactions in 2019: Half of the treasury stock was resold for $240,000; net income was $600,000; cash dividends declared were $1,500,000; stock dividends declared were $500,000. (Assume that the Treasury Shares were resold as Common Shares) What would...
As of December 31, 2021, Corporation reported the following: Cash dividends payable $ 30,000 Treasury...
As of December 31, 2021, Corporation reported the following: Cash dividends payable $ 30,000 Treasury stock 700,000 Paid-in capital—share repurchase 30,000 Common stock and other paid-in capital accounts 5,000,000 Retained earnings 4,000,000 During 2022, half of the treasury stock was resold for $260,000; net income was $700,000; cash dividends declared were $600,000; and small stock dividends declared and distributed were $420,000. What would shareholders' equity be as of December 31, 2022? Multiple Choice $9,690,000. $8,690,000. $8,780,000. None...
Pearl Company has the following stockholders' equity accounts at December 31, 2017. Common Stock ($100 par...
Pearl Company has the following stockholders' equity accounts at December 31, 2017. Common Stock ($100 par value, authorized 7,400 shares) Retained Earnings $463,300 323,200 Prepare entries in journal form to record the following transactions, which took place during 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (1) 300 shares of outstanding stock were purchased at...
DUX CONPANY Comparative Balance Sheets December 31, 2018 and 2017 (S in 000s) 2018 2017 Assets...
DUX CONPANY Comparative Balance Sheets December 31, 2018 and 2017 (S in 000s) 2018 2017 Assets Cash Accounts receivable s 61 56 60 51 Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment 45 30 35 275 310 (51)(90) 492 450 50 32 70 Less: Accumulated depreciation Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable s 59 73 16 35 95 70 Less: Discount on bonds Shareholders Equity Common...
Dirk Company reported the following balances at December 31, 2018: common stock $500,000, paid-in capital in...
Dirk Company reported the following balances at December 31, 2018: common stock $500,000, paid-in capital in excess of par value-common stock $100,000, and retained earnings $250,000. During 2019, the following transactions affected stockholders' equity 1. Issued preferred stock with a par value of $125,000 for $200,000. 2. Purchased treasury stock (common) for $40,000. 3. Earned net income of $180,000, 4. Declared and paid cash dividends of $56,000. Prepare the stockholders' equity section of Dirk Company's December 31, 2019, balance sheet....
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 $13,800. What is total stockholders' equity as of December 31,...
Yellow Enterprises reported the following ($ in 000s) as of December 31, 2018. All accounts have normal balances. $ 2,900 Deficit (debit balance in retained earnings) Common stock 2,600 Paid-in capital-treasury stock 2,500 Treasury stock at cost 390 Paid-in capital-excess of par 31,100 During 2019 ($ in 000s), net income was $9,100; 25 % of the treasury stock was resold for $480; cash dividends declared were $770; cash dividends paid were $470. What ($ in 000s) was shareholders' equity as...
Help Save & Exit Submit As of December 31, 2018, Warner Corporation reported the following Dividends payable Treasury stock Paid-in capital-share repurchase other paid-in capital accounts Retained earnings $ 31,000 710,000 31,000 5,100,000 4,100,000 During 2019. half of the treasury stock was resold for $262.000, net income was $710,000, cash dividends declared were $1610,000, and stock dividends declared were $610,000 What would shareholders' equity be as of December 31, 2019? Multiple Choice $7.976,000 $8,883,000 o $7,883,000 O 55710,000 $570,000
Pearl Company has the following stockholders' equity accounts at December 31, 2017. Common Stock ($100 par value, authorized 7,400 shares) Retained Earnings $463,300 323,200 Prepare entries in journal form to record the following transactions, which took place during 2018. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter o for the amounts.) (1) 300 shares of outstanding stock were purchased at...
DUX CONPANY Comparative Balance Sheets December 31, 2018 and 2017 (S in 000s) 2018 2017 Assets Cash Accounts receivable s 61 56 60 51 Less: Allowance for uncollectible accounts Dividends receivable Inventory Long-term investment Land Buildings and equipment 45 30 35 275 310 (51)(90) 492 450 50 32 70 Less: Accumulated depreciation Liabilities Accounts payable Salaries payable Interest payable Income tax payable Notes payable Bonds payable s 59 73 16 35 95 70 Less: Discount on bonds Shareholders Equity Common...
Dirk Company reported the following balances at December 31, 2018: common stock $500,000, paid-in capital in excess of par value-common stock $100,000, and retained earnings $250,000. During 2019, the following transactions affected stockholders' equity 1. Issued preferred stock with a par value of $125,000 for $200,000. 2. Purchased treasury stock (common) for $40,000. 3. Earned net income of $180,000, 4. Declared and paid cash dividends of $56,000. Prepare the stockholders' equity section of Dirk Company's December 31, 2019, balance sheet....
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,...
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