Homework Answers
|
revenue |
21357 |
|
expenses |
-12451 |
|
net profit |
8906 |
|
dividend |
-1457 |
|
*earnings to shareholders |
7449 |
|
1st June |
shareholder equity |
$ 58,170.00 |
|
during June |
additional equity |
$ 10,873.00 |
|
*earnings of shareholders’ |
$ 7,449.00 |
|
|
30th June |
shareholder equity (total) |
$ 76,492.00 |
The loan from shareholder will be a liability but not to be included in shareholders’ equity as it is not a capital but a loan.
So the shareholders equity value is $76492
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Question 5 1 pts On June 1 Acme Inc. has Shareholders' Equity of $58,170. In June the firm sold $10,873 in additiona...
Question 15 1 pts On December 31 of year 1, Acme Company had assets of $149,271,...
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Question 7 1 pts On December 31 of year 1, Acme Company had assets of $151,886,...
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Question 2 1 pts On June 1 Acme Inc. has retained Earnings of 71,575. Net Income for June was 20,405. In June the...
Question 2 1 pts On June 1 Acme Inc. has retained Earnings of 71,575. Net Income for June was 20,405. In June the company paid out a total of 7.781 in dividends to its shareholders. What is the value of Retained Earnings on June 302 Question 3 1 pts Acme Inc. has Assets of $292,044 and Liabilities of $76,135. The firm has 10,500 shares of stock outstanding. Then the board decides to pay a dividend of $6 per share What...
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Acme Inc. has Assets of $176,640 and Liabilities of $51,357. Then the form receives $18,302 from...
Acme Inc. has Assets of $176,640 and Liabilities of $51,357. Then the form receives $18,302 from an investor in exchange for new stock which the firm issues to the investor. What is the value of Stockholders' Equity after the investment? Enter the value in whole numbers with no decimals. The formula for the accounting equation is simple and something that students should know from memory, therefore it is not given. Question 10 1 pts At the start of the year,...
The balance sheet of Florida Cruises, Inc., included the following shareholders’ equity accounts at December 31,...
The balance sheet of Florida Cruises, Inc., included the following shareholders’ equity accounts at December 31, 2020: Paid-in capital: Preferred stock, 8.0%, 83,000 shares at $1 par $ 83,000 Common stock, 333,300 shares at $1 par 333,300 Paid-in capital—excess of par, preferred 1,455,000 Paid-in capital—excess of par, common 2,505,000 Retained earnings 8,345,000 Treasury stock, at cost; 3,300 common shares (36,300 ) Total shareholders' equity $ 12,685,000 During 2021, several events and transactions affected the retained earnings of Florida. On March...
Problem 12.6B At the beginning of 2013, Greene Limited showed the following amounts in the shareholders...
Problem 12.6B At the beginning of 2013, Greene Limited showed the following amounts in the shareholders equity section of its statement of financial position: Red Tre: L06 Shareholders equity: Share capital, $1 par value, 1,000,000 shares authorized, 560,000 issued and outstanding... Share premium: share capital. Total issued and paid capital. Retained earnings........... . Total shareholders equity.. $ 560,000 4,480,000 $5,040,000 3.000.000 $8,040,000 The transactions relating to shareholders equity during the year are as follows: 5 Jan. Declared a dividend of...
Question: Please help! The balance sheet of Consolidated Paper, Inc., included the following shareholders' equity accounts...
Question:
Please help!
The balance sheet of Consolidated Paper, Inc., included the
following shareholders' equity accounts at December 31, 2020:
Paid-in capital: Preferred stock,
8.8%, 90,000 shares at $1 par$90,000 Common stock, 364,000 shares
at $1 par 364,000 Paid-in capital—excess of par, preferred
1,437,000 Paid-in capital—excess of par, common 2,574,000 Retained
earnings 9,735,000 Treasury stock, at cost; 4,000 common shares
(44,000)Total shareholders' equity$14,156,000
During 2021, several events and transactions affected the
retained earnings of Consolidated Paper.
Required:
1. Prepare the appropriate...
On January 1, 2018, Sweetwater Ltd., a private company, had the following shareholders' equity accounts: Preferred...
On January 1, 2018, Sweetwater Ltd., a private company, had the following shareholders' equity accounts: Preferred shares, $1 noncumulative, unlimited number authorized, none issued Common shares, unlimited number authorized, 2.06 million issued Retained earnings $2,860,000 3,470,000 The following selected transactions occurred during 2018: Jan. 2 Issued 210,000 preferred shares at $25 per share. Feb. 8 Issued 100,000 common shares in exchange for land. On this date, the current value of the land was $210,000. The common shares have not recently...
Accounting for Shareholders’ Equity Transactions The shareholders’ equity section of the balance sheet of The Claremont...
Accounting for Shareholders’ Equity
Transactions
The shareholders’ equity section of the balance sheet of The
Claremont Company appeared as follows at the end of the first year
of operations:
Common stock, $0.1 par value
$600,000
Additional paid-in-capital
89,400,000
Retained earnings
32,000,000
Treasury stock
(7,500,000)
Shareholders’ equity
$114,500,000
During the second year of operations, the following transactions
occurred:
Generated net income of $6 million.
Paid a cash dividend of $1.5 million.
Purchased 100,000 shares of common stock at $9.5 per
share....
Question 15 1 pts On December 31 of year 1, Acme Company had assets of $149,271, liabilities of $97,696, and capital stock of $28,643. During year 2. Acme earned revenues of $44,563 and incurred expenses of $33,270. During year 2 the firm declared and paid Dividends amounting to $3,199. Compute the company's retained earnings on December 31 of year 1.
Question 7 1 pts On December 31 of year 1, Acme Company had assets of $151,886, liabilities of $95,623, and capital stock of $29,852. During year 2, Acme earned revenues of $44.268 and incurred expenses of $33,627. During year 2 the firm declared and paid Dividends amounting to $2,954. Compute the company's retained earnings (the total amount in the books) on December 31 of year 2..
Question 2 1 pts On June 1 Acme Inc. has retained Earnings of 71,575. Net Income for June was 20,405. In June the company paid out a total of 7.781 in dividends to its shareholders. What is the value of Retained Earnings on June 302 Question 3 1 pts Acme Inc. has Assets of $292,044 and Liabilities of $76,135. The firm has 10,500 shares of stock outstanding. Then the board decides to pay a dividend of $6 per share What...
Question 12 1 pts Acme Inc. has Assets of $ 103,489 and Liabilities of $71,669. What is the Equity Ratio? Enter the value rounding to 2 decimals. The formulas for the accounting equation and equity ratio are simple and something that students should know from memory, therefore they not given Question 13 1 pts On June 1 Acme Inc. has retained Earnings of $34,066. Revenues for June were $5,609. Expenses for June were $3,055 in June the company paid out...
Acme Inc. has Assets of $176,640 and Liabilities of $51,357. Then the form receives $18,302 from an investor in exchange for new stock which the firm issues to the investor. What is the value of Stockholders' Equity after the investment? Enter the value in whole numbers with no decimals. The formula for the accounting equation is simple and something that students should know from memory, therefore it is not given. Question 10 1 pts At the start of the year,...
Problem 12.6B At the beginning of 2013, Greene Limited showed the following amounts in the shareholders equity section of its statement of financial position: Red Tre: L06 Shareholders equity: Share capital, $1 par value, 1,000,000 shares authorized, 560,000 issued and outstanding... Share premium: share capital. Total issued and paid capital. Retained earnings........... . Total shareholders equity.. $ 560,000 4,480,000 $5,040,000 3.000.000 $8,040,000 The transactions relating to shareholders equity during the year are as follows: 5 Jan. Declared a dividend of...
Question:
Please help!
The balance sheet of Consolidated Paper, Inc., included the
following shareholders' equity accounts at December 31, 2020:
Paid-in capital: Preferred stock,
8.8%, 90,000 shares at $1 par$90,000 Common stock, 364,000 shares
at $1 par 364,000 Paid-in capital—excess of par, preferred
1,437,000 Paid-in capital—excess of par, common 2,574,000 Retained
earnings 9,735,000 Treasury stock, at cost; 4,000 common shares
(44,000)Total shareholders' equity$14,156,000
During 2021, several events and transactions affected the
retained earnings of Consolidated Paper.
Required:
1. Prepare the appropriate...
On January 1, 2018, Sweetwater Ltd., a private company, had the following shareholders' equity accounts: Preferred shares, $1 noncumulative, unlimited number authorized, none issued Common shares, unlimited number authorized, 2.06 million issued Retained earnings $2,860,000 3,470,000 The following selected transactions occurred during 2018: Jan. 2 Issued 210,000 preferred shares at $25 per share. Feb. 8 Issued 100,000 common shares in exchange for land. On this date, the current value of the land was $210,000. The common shares have not recently...
Accounting for Shareholders’ Equity
Transactions
The shareholders’ equity section of the balance sheet of The
Claremont Company appeared as follows at the end of the first year
of operations:
Common stock, $0.1 par value
$600,000
Additional paid-in-capital
89,400,000
Retained earnings
32,000,000
Treasury stock
(7,500,000)
Shareholders’ equity
$114,500,000
During the second year of operations, the following transactions
occurred:
Generated net income of $6 million.
Paid a cash dividend of $1.5 million.
Purchased 100,000 shares of common stock at $9.5 per
share....
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