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Exercise 16-20 On January 1, 2017, Pearl Industries had stock outstanding as follows. 6% Cumulative preferred stock, $1...
On January 1, 2017, Larkspur Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100...
On January 1, 2017, Larkspur Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,900 shares $990,000 Common stock, $10 par value, issued and outstanding 199,000 shares 1,990,000 To acquire the net assets of three smaller companies, Larkspur authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown below. Shares Issued Date of Acquisition Company A April 1, 2017 Company B July 1, 2017 Company C October 1,...
Exercise 16-20 Your answer is partially correct. Try again. On January 1, 2017, Buffalo Industries had stock outstandin...
Exercise 16-20 Your answer is partially correct. Try again. On January 1, 2017, Buffalo Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,900 shares $990,000 Common stock, $10 par value, issued and outstanding 199,000 shares 1,990,000 To acquire the net assets of three smaller companies, Buffalo authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown below. Date of Acquisition Company A April 1, 2017 Company B...
Exercise 16-20 On January 1, 2017, Cheyenne Industries had stock outstanding as follows. 6% Cumulative preferred...
Exercise 16-20 On January 1, 2017, Cheyenne Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 10,800 shares 100.000 Common stock, $10 par value, issued and outstanding 194,000 shares To acquire the net assets of three smaller companies, Cheyenne authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown below. Date of Aqui Sharested Cm Com .2017 2017 CO On May 14, 2017, Cheyenne realized a $91,200 (before...
On January 1, 2017, Sarasota Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100...
On January 1, 2017, Sarasota Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,300 shares $930,000 Common stock, $10 par value, issued and outstanding 208,000 shares 2,080,000 To acquire the net assets of three smaller companies, Sarasota authorized the issuance of an additional 156,000 common shares. The acquisitions took place as shown below. Date of Acquisition Shares Issued Company A April 1, 2017 50,400 Company B July 1, 2017 76,800 Company C...
Exercise 16-20 On January 1, 2017, Culver Industries had stock outstanding as follows. 6% Cumulative preferred...
Exercise 16-20 On January 1, 2017, Culver Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,200 shares Common stock, $10 par value, issued and outstanding 191,000 shares $920,000 1,910,000 To acquire the net assets of three smaller companies, Culver authorized the issuance of an additional 157,200 common shares. The acquisitions took place as shown below. Date of Acquisition Shares Issued Company A April 1, 20127 Company B July 1,2017 Company C October...
On January 1, 2020, Concord Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100...
On January 1, 2020, Concord Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,300 shares $930,000 Common stock, $10 par value, issued and outstanding 208,000 shares 2,080,000 To acquire the net assets of three smaller companies, Concord authorized the issuance of an additional 156,000 common shares. The acquisitions took place as shown below. Date of Acquisition Shares Issued Company A April 1, 2020 50,400 Company B July 1, 2020 76,800 Company C...
On January 1, 2018 Tonge Industries had outstanding 660,000 common shares ($1 par) that originally sold for $30 per share, and 9,000 shares of 10% cumulative preferred stock ($100 par), convertible i...
On January 1, 2018 Tonge Industries had outstanding 660,000 common shares ($1 par) that originally sold for $30 per share, and 9,000 shares of 10% cumulative preferred stock ($100 par), convertible into 90,000 common shares. On October 1, 2018, Tonge sold and issued an additional 16,000 shares of common stock at $33. At December 31, 2018, there were 25,000 incentive stock options outstanding, issued in 2017, and exercisable after one year for 25,000 shares of common stock at an exercise...
Exercise 16-16 On January 1, 2021, Flounder Corp. had 501,000 shares of common stock outstanding. During...
Exercise 16-16 On January 1, 2021, Flounder Corp. had 501,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 126,000 shares Issued a 10% stock dividend Acquired 101,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 57,000 shares of treasury stock Determine the weighted average number of shares outstanding as of December 31, 2021. The weighted average number...
Exercise 16-16 On January 1, 2018, Sweet Corp. had 479,000 shares of common stock outstanding. During...
Exercise 16-16 On January 1, 2018, Sweet Corp. had 479,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock count February 1 Issued 117,000 shares March 1 issued a 10% stock dividend May 1 Acquired 103,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 59,000 shares of treasury stock Determine the weighted average number of shares outstanding as of December 31, 2018 The weighted average number...
Exercise 16-16 On January 1, 2018, Carla Corp. had 480,000 shares of common stock outstanding. During...
Exercise 16-16 On January 1, 2018, Carla Corp. had 480,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account February 1 Issued 119,000 shares March 1 Issued a 10% stock dividend Acquired 97,000 shares of treasury stock May 1 Issued a 3-for-1 stock split June 1 October 1 Reissued 61,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2018. The weighted-average number of shares...
On January 1, 2017, Larkspur Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,900 shares $990,000 Common stock, $10 par value, issued and outstanding 199,000 shares 1,990,000 To acquire the net assets of three smaller companies, Larkspur authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown below. Shares Issued Date of Acquisition Company A April 1, 2017 Company B July 1, 2017 Company C October 1,...
Exercise 16-20 Your answer is partially correct. Try again. On January 1, 2017, Buffalo Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,900 shares $990,000 Common stock, $10 par value, issued and outstanding 199,000 shares 1,990,000 To acquire the net assets of three smaller companies, Buffalo authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown below. Date of Acquisition Company A April 1, 2017 Company B...
Exercise 16-20 On January 1, 2017, Cheyenne Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 10,800 shares 100.000 Common stock, $10 par value, issued and outstanding 194,000 shares To acquire the net assets of three smaller companies, Cheyenne authorized the issuance of an additional 160,800 common shares. The acquisitions took place as shown below. Date of Aqui Sharested Cm Com .2017 2017 CO On May 14, 2017, Cheyenne realized a $91,200 (before...
Exercise 16-20 On January 1, 2017, Culver Industries had stock outstanding as follows. 6% Cumulative preferred stock, $100 par value, issued and outstanding 9,200 shares Common stock, $10 par value, issued and outstanding 191,000 shares $920,000 1,910,000 To acquire the net assets of three smaller companies, Culver authorized the issuance of an additional 157,200 common shares. The acquisitions took place as shown below. Date of Acquisition Shares Issued Company A April 1, 20127 Company B July 1,2017 Company C October...
On January 1, 2018 Tonge Industries had outstanding 660,000 common shares ($1 par) that originally sold for $30 per share, and 9,000 shares of 10% cumulative preferred stock ($100 par), convertible into 90,000 common shares. On October 1, 2018, Tonge sold and issued an additional 16,000 shares of common stock at $33. At December 31, 2018, there were 25,000 incentive stock options outstanding, issued in 2017, and exercisable after one year for 25,000 shares of common stock at an exercise...
Exercise 16-16 On January 1, 2021, Flounder Corp. had 501,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 126,000 shares Issued a 10% stock dividend Acquired 101,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 57,000 shares of treasury stock Determine the weighted average number of shares outstanding as of December 31, 2021. The weighted average number...
Exercise 16-16 On January 1, 2018, Sweet Corp. had 479,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock count February 1 Issued 117,000 shares March 1 issued a 10% stock dividend May 1 Acquired 103,000 shares of treasury stock June 1 Issued a 3-for-1 stock split October 1 Reissued 59,000 shares of treasury stock Determine the weighted average number of shares outstanding as of December 31, 2018 The weighted average number...
Exercise 16-16 On January 1, 2018, Carla Corp. had 480,000 shares of common stock outstanding. During 2018, it had the following transactions that affected the Common Stock account February 1 Issued 119,000 shares March 1 Issued a 10% stock dividend Acquired 97,000 shares of treasury stock May 1 Issued a 3-for-1 stock split June 1 October 1 Reissued 61,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2018. The weighted-average number of shares...
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