Answer 16.
Option c = 15000
(5000 * 14) - (5000 *11)
= 15000
Answer 17.
Option b is correct
Answer 18.
Option c is correct
Answer 19.
Option c is correct
common stock debited with 2000 * 10 = 20000
Additional paid in capital debited with 2000*[100-10] = 180000
Retained earnings debited with 2000*50 = 100000
Answer 20.
Option a is correct
preferred stock = 5000*20 = 100000
gain = 150000 - 80000 = 70000
additional paid in capital = 30000 * 1/ 4 = 7500 [of 5000 shares only]
Module 15. Stockholders' Equity 16. Victor Corporation was organized on January 2 year 1, with 100,000 authorized s...
Stockholders’ Equity: Transactions and Balance Sheet Presentation The stockholders’ equity of Summit Corporation at January 1 follows: 7 Percent preferred stock, $100 par value, 20,000 shares authorized; 5,000 shares issued and outstanding $500,000 Common stock, $15 par value, 100,000 shares authorized; 40,000 shares issued and outstanding 600,000 Paid-in capital in excess of par value-Preferred stock 24,000 Paid-in capital in excess of par value-Common stock 360,000 Retained earnings 325,000 Total Stockholders' Equity $1,809,000 The following transactions, among others, occurred during the...
Stockholders' Equity: Transactions and Balance Sheet Presentation The stockholders' equity accounts of Willis Corporation at January 1 appear below: 8 Percent preferred stock, $10 par value, 50,000 shares authorized; 6,800 shares issued and outstanding $68,000 Common stock, $10 par value, 200,000 shares authorized; 50,000 shares issued and outstanding 500,000 Paid-in capital in excess of par value-Preferred stock 68,000 Paid-in capital in excess of par value-Common stock 200,000 Retained earnings 270,000 During the year, the following transactions occurred: Jan. 10 Issued...
Stockholders’ Equity Transactions, Journal Entries, and T-Accounts The stockholders’ equity of Fremantle Corporation at January 1 follows: 8 Percent preferred stock, $110 par value, 20,000 shares authorized; 4,000 shares issued and outstanding $440,000 Common stock, $4 par value, 10,000 shares authorized; 40,000 shares issued and outstanding 160,000 Paid-in capital in excess of par value-Preferred stock 200,000 Paid-in capital in excess of par value-Common stock 800,000 Retained earnings 550,000 Total Stockholders' Equity $2,150,000 The following transactions, among others, occurred during the...
Stockholders’ Equity: Transactions and Balance Sheet Presentation The stockholders’ equity accounts of Cooper Corporation at January 1 follow: Common stock, $1 par value, 350,000 shares authorized; 150,000 shares issued and outstanding $150,000 Paid-in capital in excess of par value (common stock) 600,000 Retained earnings 366,000 During the year, the following transactions occurred: Jan. 5 Issued 20,000 shares of common stock for $15 cash per share. 18 Purchased 4,000 shares of common stock as treasury stock at $14 cash per share....
Stockholders' Equity: Transactions and Balance Sheet Presentation The stockholders' equity of Summit Corporation at January 1 follows: 7 Percent preferred stock, $100 par value, 20,000 shares authorized; 5,000 shares issued and outstanding $500,000 Common stock, $15 par value, 100,000 shares authorized; 40,000 shares issued and outstanding 600,000 Paid-in capital in excess of par value-Preferred stock 24,000 Paid-in capital in excess of par value-Common stock 360,000 Retained earnings 325,000 Total Stockholders' Equity $1,809,000 The following transactions, among others, occurred during the...
Stockholders’ Equity: Transactions and Balance Sheet Presentation The stockholders’ equity of Summit Corporation at January 1 follows: 7 Percent preferred stock, $100 par value, 20,000 shares authorized; 5,000 shares issued and outstanding $500,000 Common stock, $15 par value, 100,000 shares authorized; 40,000 shares issued and outstanding 600,000 Paid-in capital in excess of par value-Preferred stock 24,000 Paid-in capital in excess of par value-Common stock 360,000 Retained earnings 325,000 Total Stockholders' Equity $1,809,000 The following transactions, among others, occurred during the...
Stockholders' Equity: Transactions and Balance Sheet Presentation The stockholders' equity of Summit Corporation at January 1 follows: 7 Percent preferred stock, $100 par value, 20,000 shares authorized: 5,000 shares issued and outstanding $500,000 Common stock, $15 par value, 100,000 shares authorized; 40,000 shares issued and outstanding 600,000 Paid-in capital in excess of par value-Preferred stock 24,000 Paid-in capital in excess of par value-Common stock 360,000 Retained earnings 325,000 Total Stockholders' Equity $1,809,000 The following transactions, among others, occurred during the...
Fechter Corporation had the following stockholders’ equity accounts on January 1, 2017: Common Stock ($5 par) $500,000, Paid-in Capital in Excess of Par—Common Stock $200,000, and Retained Earnings $100,000. In 2017, the company had the following treasury stock transactions. Mar. 1 Purchased 5,000 shares at $8 per share. June 1 Sold 1,000 shares at $12 per share. Sept. 1 Sold 2,000 shares at $10 per share. Dec. 1 Sold 1,000 shares at $7 per share. Fechter Corporation uses the cost...
10,11,12 increased by the Yes No No Yes Module 15: Stockholders' Equity 603 13. At December 31. year 1. Rama Corp. had 20,000 shares are exercised, Blue's total stockholders' equity is Si par value treasury stock that had been acquired in e at $12 per share. In May year 2, Rama issued 15,000 of these Cash received upon Carrying amount treasury shares at SIO per share. The cost method is used to of warrants exercise of the warrants record treasury...
??? P11-2A The stockholders' equity accounts of Cyrus Corporation on January 1, 2017, were as follows. Preferred Stock (7%, $100 par noncumulative, 5,000 shares authorized) Common Stock ($4 stated value, 300,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (5,000 common shares) 300,000 1,000,000 15,000 480,000 688,000 40,000 the corporation had the following transactions and events pertaining to its During 2017, stockholders' equity. Feb. 1 Issued...