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Lyuity account. ALTERNATE MULTI-CONCEPT PROBLEMS oblem 11-12A Analysis of Stockholders' Equity The Stockholders' Equity...
MULTI-CONCEPT PROBLEMS cember 31, 2017, balance sheet of Eldon Company Problem 11-12 Analysis of Stockholders' Equity...
MULTI-CONCEPT PROBLEMS cember 31, 2017, balance sheet of Eldon Company Problem 11-12 Analysis of Stockholders' Equity The Stockholders' Equity section of the December 31, 2017, balance sheet appeared as follows: Preferred stock, $30 par value, 5,000 shares authorized,? shares issued $120,000 Common stock, 2 par, 10,000 shares authorized 7,000 shares issued 70,000 Additional paid-in capital-Preferred 6,000 Additional paid-in capital-Common 560,000 Additional paid-in capital-Treasury stock 1,000 Multi-Concept Problems Total contributed capital Retained earnings Treasury stock, preferred, 100 shares Total stockholders' equity...
Stockholders' Equity: Transactions and Balance Sheet Presentation The stockholders' equity accounts of Willis Corporation at January...
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...
Exercise 11-11 The stockholders’ equity section of Monty Corp. at December 31 is as follow Monty Cor...
Exercise 11-11
The stockholders’ equity section of Monty Corp. at December 31
is as follow
Monty Corp.
Balance Sheet(Partial)
Paid-in capital
Preferred stock, cumulative, 14,000 shares
authorized, 9,800 shares issued and outstanding
$588,000
Common stock, no par, 880,000 shares
authorized, 560,000 shares issued
1,120,000
Total paid-in capital
1,708,000
Retained earnings
1,858,000
Total paid-in
capital and retained earnings
3,566,000
Less: Treasury stock (12,000 common shares)
62,400
Total
stockholders’ equity
$3,503,600
From a review of the stockholders’ equity section, as chief
accountant,...
E11-7 Finding Amounts Missing from the Stockholders Equity Section [LO 11-2, LO 11-4] The stockholders' equity...
E11-7 Finding Amounts Missing from the Stockholders Equity Section [LO 11-2, LO 11-4] The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts 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 110,000 15,950 outstanding 6,300 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 648,900 33,000 9,650 Assume...
The stockholders’ equity section of Fauberg Marigny Corporation at December 31 is as follows. FAUBERG MARIGNY...
The stockholders’ equity section of Fauberg Marigny Corporation at December 31 is as follows. FAUBERG MARIGNY CORPORATION Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 5,000 shares issued and outstanding $300,000 Common stock, no par, 750,000 shares authorized, 300,000 shares issued 1,500,000 Total paid-in capital 1,800,000 Retained earnings 2,050,000 Total paid-in capital and retained earnings 3,850,000 Less: Treasury stock (5,000 common shares) (64,000 ) Total stockholders' equity $3,786,000 From a review of the stockholders’ equity...
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'...
The following table shows the stockholders' equity account for Verataco Company at December 31, 2016. Stockholders'...
The following table shows the stockholders' equity account for Verataco Company at December 31, 2016. Stockholders' Equity Common stock, $5 par, 500,000 shares authorized; 350,000 shares issued and outstanding Paid-in capital in excess of par value Retained earnings 1,750,000 800,000 634,000 During 2017, the following transactions occurred: January 5 Issued 10,000 shares of common stock for $13 cash per share January 18 Repurchased 4,000 shares of common stock at $16 cash per share March 22 Sold 1,000 of the treasury...
The stockholders’ equity section of the balance sheet for Mann Equipment Co. at December 31, 2018,...
The stockholders’ equity section of the balance sheet for Mann
Equipment Co. at December 31, 2018, is as follows.
Stockholders' Equity Paid-in capital Preferred stock,? par value, 4% cumulative, 290,000 shares authorized, 59,000 shares $590,006 1ssued and outstanding Common stock, $15 stated value, 340,000 shares authorized, 59,000?? shares issued and 885,000 49,000 outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated 295,000 value-Common Total paid-in capital Retained earnings Treasury stock, 3,000 shares Total stockholders equity 1,819,000...
E11-3 Preparing the Stockholders' Equity Section of the Balance Sheet (LO 11-2, LO 11-4) North Wind...
E11-3 Preparing the Stockholders' Equity Section of the Balance Sheet (LO 11-2, LO 11-4) North Wind Aviation received its charter during January authorizing the following capital stock: Preferred stock: 8 percent, par $10, authorized 20,000 shares. Common stock: par $1, authorized 50,000 shares. The following transactions occurred during the first year of operations in the order given: a. Issued a total of 45,000 shares of the common stock for $20 per share. b. Issued 12,000 shares of the preferred stock...
Stockholders’ Equity: Transactions and Balance Sheet Presentation The stockholders’ equity of Summit Corporation at January 1...
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...
MULTI-CONCEPT PROBLEMS cember 31, 2017, balance sheet of Eldon Company Problem 11-12 Analysis of Stockholders' Equity The Stockholders' Equity section of the December 31, 2017, balance sheet appeared as follows: Preferred stock, $30 par value, 5,000 shares authorized,? shares issued $120,000 Common stock, 2 par, 10,000 shares authorized 7,000 shares issued 70,000 Additional paid-in capital-Preferred 6,000 Additional paid-in capital-Common 560,000 Additional paid-in capital-Treasury stock 1,000 Multi-Concept Problems Total contributed capital Retained earnings Treasury stock, preferred, 100 shares Total stockholders' equity...
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...
Exercise 11-11
The stockholders’ equity section of Monty Corp. at December 31
is as follow
Monty Corp.
Balance Sheet(Partial)
Paid-in capital
Preferred stock, cumulative, 14,000 shares
authorized, 9,800 shares issued and outstanding
$588,000
Common stock, no par, 880,000 shares
authorized, 560,000 shares issued
1,120,000
Total paid-in capital
1,708,000
Retained earnings
1,858,000
Total paid-in
capital and retained earnings
3,566,000
Less: Treasury stock (12,000 common shares)
62,400
Total
stockholders’ equity
$3,503,600
From a review of the stockholders’ equity section, as chief
accountant,...
E11-7 Finding Amounts Missing from the Stockholders Equity Section [LO 11-2, LO 11-4] The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts 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 110,000 15,950 outstanding 6,300 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 648,900 33,000 9,650 Assume...
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'...
The following table shows the stockholders' equity account for Verataco Company at December 31, 2016. Stockholders' Equity Common stock, $5 par, 500,000 shares authorized; 350,000 shares issued and outstanding Paid-in capital in excess of par value Retained earnings 1,750,000 800,000 634,000 During 2017, the following transactions occurred: January 5 Issued 10,000 shares of common stock for $13 cash per share January 18 Repurchased 4,000 shares of common stock at $16 cash per share March 22 Sold 1,000 of the treasury...
The stockholders’ equity section of the balance sheet for Mann
Equipment Co. at December 31, 2018, is as follows.
Stockholders' Equity Paid-in capital Preferred stock,? par value, 4% cumulative, 290,000 shares authorized, 59,000 shares $590,006 1ssued and outstanding Common stock, $15 stated value, 340,000 shares authorized, 59,000?? shares issued and 885,000 49,000 outstanding Paid-in capital in excess of par-Preferred Paid-in capital in excess of stated 295,000 value-Common Total paid-in capital Retained earnings Treasury stock, 3,000 shares Total stockholders equity 1,819,000...
E11-3 Preparing the Stockholders' Equity Section of the Balance Sheet (LO 11-2, LO 11-4) North Wind Aviation received its charter during January authorizing the following capital stock: Preferred stock: 8 percent, par $10, authorized 20,000 shares. Common stock: par $1, authorized 50,000 shares. The following transactions occurred during the first year of operations in the order given: a. Issued a total of 45,000 shares of the common stock for $20 per share. b. Issued 12,000 shares of the preferred stock...
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...
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