Knapp's Marine Supply reported the following information at December 31, 2018: Common stock, $1 par, 500,000 shares authorized $ 300,000 Additional paid-in capital - Common 160,000 Retained earnings Less: Treasury Stock (cost $10/share) 90,000 (20,000) Total stockholders' equity $530,000 Answer the following questions for Knapp's Marine Supply.
What is the Contributed Capital? $ _________________________
Would the total stockholders’ equity increase, decrease, or remain the same, if the company declared a 2-for-1 stock split on December 31, 2018? Explain.
Would the market price per share of stock increase, decrease, or remain the same, if the company declared a 2-for-1 stock split on December 31, 2018? Explain.
Calculate the number of shares: i. Issued ____________ shares ii. Treasury stock ____________ shares iii. Outstanding ____________ shares
Answers
Knapp's Marine Supply reported the following information at December 31, 2018: Common stock, $1 par, 500,000...
32. Knapp's Marine Supply reported the following information at December 31, 2019: Common stock, $2 par, 500,000 shares authorized $ 300,000 Additional paid-in capital - Common 160,000 Retained earnings Less: Treasury Stock (cost $10/share) 90,000 (20,000) Total stockholders' equity $530,000 Answer the following questions for Knapp's Marine Supply. a) What is the Contributed Capital? $ _________________________ b) Would the total stockholders’ equity increase, decrease, or remain the same, if the company declared a 2-for-1 stock split on December 31, 2019? Explain. c) Would...
Dally Cleaners reported the following information at December 31, 2018: Common stock, $2 par, 300,000 shares authorized 80,000 Additional paid-in capital 1,200,000 Retained earnings 5,600,000 Total $6,880,000 Less: Treasury stock (2,000 common shares at cost) 68,000 Total Stockholders' Equity $6,948,000 Net Income $845,000 Answer the following questions for Dally Cleaners in the space provided: How many shares of common stock are authorized? _____________ How many shares of common...
Kohler Corporation reports the following components of stockholders’ equity on December 31, 2017. Common stock—$15 par value, 100,000 shares authorized, 50,000 shares issued and outstanding $ 750,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 400,000 Total stockholders' equity $ 1,230,000 In year 2018, the following transactions affected its stockholders’ equity accounts. Jan. 1 Purchased 6,000 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a $2 per share cash dividend...
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$15 par value, 100,000 shares authorized, 55,000 shares issued and outstanding $ 825,000 Paid-in capital in excess of par value, common stock 70,000 Retained earnings 400,000 Total stockholders' equity $ 1,295,000 During 2019, the following transactions affected its stockholders’ equity accounts. Jan. 2 Purchased 4,500 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable...
Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Common stock-$10 par value, 100,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity $ 500,000 80,000 400,000 $ 980,000 During 2019, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 5,000 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $4 per share cash dividend payable...
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$10 par value, 100,000 shares authorized, 50,000 shares issued and outstanding $ 500,000 Paid-in capital in excess of par value, common stock 70,000 Retained earnings 430,000 Total stockholders' equity $ 1,000,000 During 2019, the following transactions affected its stockholders’ equity accounts. Jan. 2 Purchased 4,000 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a $6 per share cash dividend payable...
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$20 par value, 100,000 shares authorized, 50,000 shares issued and outstanding $ 1,000,000 Paid-in capital in excess of par value, common stock 60,000 Retained earnings 430,000 Total stockholders' equity $ 1,490,000 During 2019, the following transactions affected its stockholders’ equity accounts. Jan. 2 Purchased 5,500 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $6 per share cash dividend payable...
Required information [The following information applies to the questions displayed below.) Part of 3 Global Marine obtained a charter from the state in January that authorized 1,000,000 shares of common stock. $5 par value. During the first year, the company earned $310,000 of net income, declared no dividends, and the following selected transactions occurred in the order given: 14.28 points eBook a. Issued 110,000 shares of the common stock at $46 cash per share. b. Reacquired 16,000 shares at $41...
2. On January 1, 2010, the accounts of Mac Corporation showed the following: Common stock, par SI, authorized 100.000 shares Capital in excess of par value ($2 per share) Retained carnings 60,000 140,000 During 2010, the following transactions occurred affecting stockholders' equity (in the order given) A B. C. D. Issued a 100° stock dividend when the market price was at $5 per share. Purchased treasury stock, 1.000 shares at a total cost of $8.000. Declared and paid cash dividends....
Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$15 par value, 100,000 shares authorized, 45,000 shares issued and outstanding $ 675,000 Paid-in capital in excess of par value, common stock 80,000 Retained earnings 430,000 Total stockholders' equity $ 1,185,000 During 2019, the following transactions affected its stockholders’ equity accounts. Jan. 2 Purchased 5,000 shares of its own stock at $25 cash per share. Jan. 5 Directors declared a $6 per share cash dividend payable...