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Exercise 19-25 EPS; new shares; contingent agreements [LO19-6, 19-12] Anderson Steel Company began 2018 with 510,000 sh...
Anderson Steel Company began 2018 with 430,000 shares of common stock outstanding on March 31, 2018,...
Anderson Steel Company began 2018 with 430,000 shares of common stock outstanding on March 31, 2018, 180,000 new shares were sold at a price of $35 per share. The market price has risen steadily since that time to a high of $40 per share at December 31 No other changes in shares occurred during 2018, and no securities are outstanding that can become common stock. However, there are two agreements with officers of the company for future issuance of common...
1. 2. As part of its executive compensation plan, Vertovec Inc. granted 81,000 of its no...
1.
2.
As part of its executive compensation plan, Vertovec Inc. granted 81,000 of its no par common shares to executives, subject to forfeiture if employment is terminated within three years. Vertovec's common shares have a market price of $9 per share on January 1, 2017, the grant date of the restricted stock award, as well as on December 31, 2018. 500,000 shares were outstanding at January 1 2018. Net income for 2018 was $300,000. Required: Compute Vertovec's basic and...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6,...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc, had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
Exercise 19-20 EPS; shares issued; stock options [LO19-6, 19-7, 19-8, 19-9) Stanley Department Stores reported net inco...
Exercise 19-20 EPS; shares issued; stock options [LO19-6, 19-7, 19-8, 19-9) Stanley Department Stores reported net income of $765,000 for the year ended December 31, 2018. Additional Information: 85,000 24,000 Common shares outstanding at Jan. 1, 2018 Incentive stock options (vested in 2017) outstanding throughout 2018 (Each option is exercisable for one common share at an exercise price of $22.50) During the year, the market price of Stanley's common stock averaged $27.0 per share. On Aug. 30 Stanley sold 15,000...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6,...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc. had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
Exercise 19-20 EPS; shares issued; stock options [LO19-6, 19-7, 19-8, 19-9] Stanley Department Stores reported net...
Exercise 19-20 EPS; shares issued; stock options [LO19-6, 19-7, 19-8, 19-9] Stanley Department Stores reported net income of $746,000 for the year ended December 31, 2018. Additional Information: Common shares outstanding at Jan. 1, 2018 70,000 Incentive stock options (vested in 2017) outstanding throughout 2018 12,000 (Each option is exercisable for one common share at an exercise price of $21.50) During the year, the market price of Stanley’s common stock averaged $25.8 per share. On Aug. 30 Stanley sold 15,000...
Problem 19-18 EPS; stock options; nonconvertible preferred; convertible bonds; shares sold [LO19-4, 19- 5, 19-6, 19-7,...
Problem 19-18 EPS; stock options; nonconvertible preferred; convertible bonds; shares sold [LO19-4, 19- 5, 19-6, 19-7, 19-8, 19-9] At January 1, 2018, Canaday Corporation had outstanding the following securities: 600 million common shares 20 million 6% cumulative preferred shares, $50 par 8% convertible bonds, $2,000 million face amount, convertible into 80 million common shares The following additional information is available: • On September 1, 2018, Canaday sold 72 million additional shares of common stock. • Incentive stock options to purchase...
Problem 19-12 EPS; nonconvertible preferred stock; treasury shares; shares sold; stock dividend; options (LO19-4, 19-5, 19-6,...
Problem 19-12 EPS; nonconvertible preferred stock; treasury shares; shares sold; stock dividend; options (LO19-4, 19-5, 19-6, 19-7, 19-8, 19-10] On December 31, 2017, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 60,000 common...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6,...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc. had 300 million shares of common stock and 4 million shares of 9 % , $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 64 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were...
Exercise 19-12 EPS; shares Issued; stock dividend [LO19-5, 19-6] For the year ended December 31, 2018,...
Exercise 19-12 EPS; shares Issued; stock dividend [LO19-5, 19-6] For the year ended December 31, 2018, Norstar Industries reported net Income of $930,000. At January 1, 2018, the company had 820.000 common shares outstanding. The following changes in the number of shares occurred during 2018: Apr 30 Sold Se.eee shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 48,880 shares as part of the consideration for the purchase of assets from a...
Anderson Steel Company began 2018 with 430,000 shares of common stock outstanding on March 31, 2018, 180,000 new shares were sold at a price of $35 per share. The market price has risen steadily since that time to a high of $40 per share at December 31 No other changes in shares occurred during 2018, and no securities are outstanding that can become common stock. However, there are two agreements with officers of the company for future issuance of common...
1.
2.
As part of its executive compensation plan, Vertovec Inc. granted 81,000 of its no par common shares to executives, subject to forfeiture if employment is terminated within three years. Vertovec's common shares have a market price of $9 per share on January 1, 2017, the grant date of the restricted stock award, as well as on December 31, 2018. 500,000 shares were outstanding at January 1 2018. Net income for 2018 was $300,000. Required: Compute Vertovec's basic and...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc, had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
Exercise 19-20 EPS; shares issued; stock options [LO19-6, 19-7, 19-8, 19-9) Stanley Department Stores reported net income of $765,000 for the year ended December 31, 2018. Additional Information: 85,000 24,000 Common shares outstanding at Jan. 1, 2018 Incentive stock options (vested in 2017) outstanding throughout 2018 (Each option is exercisable for one common share at an exercise price of $22.50) During the year, the market price of Stanley's common stock averaged $27.0 per share. On Aug. 30 Stanley sold 15,000...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc. had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
Problem 19-18 EPS; stock options; nonconvertible preferred; convertible bonds; shares sold [LO19-4, 19- 5, 19-6, 19-7, 19-8, 19-9] At January 1, 2018, Canaday Corporation had outstanding the following securities: 600 million common shares 20 million 6% cumulative preferred shares, $50 par 8% convertible bonds, $2,000 million face amount, convertible into 80 million common shares The following additional information is available: • On September 1, 2018, Canaday sold 72 million additional shares of common stock. • Incentive stock options to purchase...
Problem 19-12 EPS; nonconvertible preferred stock; treasury shares; shares sold; stock dividend; options (LO19-4, 19-5, 19-6, 19-7, 19-8, 19-10] On December 31, 2017, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 60,000 common...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc. had 300 million shares of common stock and 4 million shares of 9 % , $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 64 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were...
Exercise 19-12 EPS; shares Issued; stock dividend [LO19-5, 19-6] For the year ended December 31, 2018, Norstar Industries reported net Income of $930,000. At January 1, 2018, the company had 820.000 common shares outstanding. The following changes in the number of shares occurred during 2018: Apr 30 Sold Se.eee shares in a public offering. May 24 Declared and distributed a 5% stock dividend. June 1 Issued 48,880 shares as part of the consideration for the purchase of assets from a...
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