Homework Answers
Answer
- Correct Answer = Option #2: Amount received from stockholders in exchange for stock is included in Paid in capital.
>Earnings generated are included in
Retained earnings.
>Amount raised by issuing bonds gets included in
Liabilities.
>Amount received from customer is the cash received from another
asset.
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Paid-in capital consists of eamings generated by the corporation amounts received from stockholders in exchange for...
Calculator eBook 42,000,000 Retained Eamings At the annual stockholders' meeting on March 31, the board of...
Calculator eBook 42,000,000 Retained Eamings At the annual stockholders' meeting on March 31, the board of directors presented a plan for modernizing and expanding plant operations at a cost of approximately $18,300,000. The plan provided (a) that a building, valued at $3,200,000, and the land on which it is located, valued at $4,700,000, be acquired in accordance with preliminary negotiations by the issuance of 75,000 shares of common stock, (b) that 60,000 shares of the unissued preferred stock be issued...
Paid in capital for a corporation may arise from which of the following sources? A) Issuing...
Paid in capital for a corporation may arise from which of the following sources? A) Issuing cumulative preferred stock B) Receiving donations of real estate C) Selling the treasury stock OD) All of the above
Cash received from customers 100,000 Cash paid as taxes 20,000 Cash received as interest revenue 1,000...
Cash received from customers 100,000 Cash paid as taxes 20,000 Cash received as interest revenue 1,000 Cash paid to employees as salary 6,000 Cash paid to purchase new truck 24,000 Cash paid to purchase inventory 34,000 Cash (beginning balance) 86,000 Cash received from issuing capital stock 32,000 Cash received from selling old truck 8,000 Cash paid to retire long-term debt 18,000 Capital stock issued in exchange of land 14,800 COGS 43,000 Enter your answer below Cash from Operations Cash from...
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...
QUESTION 1 The total amount of cash and other assets received by a corporation from its...
QUESTION 1 The total amount of cash and other assets received by a corporation from its stockholders in exchange for its stock is: O Referred to as retained earnings. O Referred to as paid-in capital. O Always equal to its stated value. O Always below its stated value. O Always equal to its par value.
Need answers Chapter 11 Stockholders' Equity: Paid-In Capital Stockholders' equity Capital stock 7% cumulative preferred stock,...
Need answers
Chapter 11 Stockholders' Equity: Paid-In Capital Stockholders' equity Capital stock 7% cumulative preferred stock, $100 par value . . . . . . . . . . . . . . . . . . . . Common stock, $5 par value, 5,000,000 shares $ 15,000,000 20,000,000 44,000,000 64,450.6 Additional paid-in capital: Hetained earnings $143,450,000 From this information, compute answers to the following questions: a. How many shares of preferred stock have been issued? b. What is the...
Stockholders' Equity: Transactions and Balance Sheet Presentation Torey Corporation was organized on April 1, with an...
Stockholders' Equity: Transactions and Balance Sheet Presentation Torey Corporation was organized on April 1, with an authorization of 25,000 shares of six percent, $50 par value preferred stock and 200,000 shares of $5 par value common stock. During April, the following transactions affecting stockholders' equity occurred: Apr. 1 Issued 80,000 shares of common stock at $40 cash per share. 3 Issued 2,000 shares of common stock to attorneys and promoters in exchange for their services in organizing the corporation. The...
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...
Stockholders’ Equity Transactions, Journal Entries, and T-Accounts The stockholders’ equity of Fremantle Corporation at January 1...
Stockholders’ Equity Transactions, Journal Entries, and
T-Accounts
The stockholders’ equity of Fremantle Corporation at January 1
follows:
8 Percent preferred stock, $110 par value, 20,000 shares
authorized; 4,000 shares issued and outstanding
$440,000
Common stock, $4 par value, 10,000 shares
authorized; 40,000 shares issued and outstanding
160,000
Paid-in capital in excess of par value-Preferred stock
200,000
Paid-in capital in excess of par value-Common stock
800,000
Retained earnings
550,000
Total Stockholders' Equity
$2,150,000
The following transactions, among others, occurred during the...
Question 1 Additional paid-in capital is the difference between dividends paid to stockholders and total number...
Question 1 Additional paid-in capital is the difference between dividends paid to stockholders and total number of shares authorized. cash received from stockholders and par value of the stock. total number of shares authorized and total number of shares outstanding. dividends paid to stockholders and treasury stock purchased. cash received from stockholders and dividends of the stock.
Calculator eBook 42,000,000 Retained Eamings At the annual stockholders' meeting on March 31, the board of directors presented a plan for modernizing and expanding plant operations at a cost of approximately $18,300,000. The plan provided (a) that a building, valued at $3,200,000, and the land on which it is located, valued at $4,700,000, be acquired in accordance with preliminary negotiations by the issuance of 75,000 shares of common stock, (b) that 60,000 shares of the unissued preferred stock be issued...
Paid in capital for a corporation may arise from which of the following sources? A) Issuing cumulative preferred stock B) Receiving donations of real estate C) Selling the treasury stock OD) All of the above
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...
QUESTION 1 The total amount of cash and other assets received by a corporation from its stockholders in exchange for its stock is: O Referred to as retained earnings. O Referred to as paid-in capital. O Always equal to its stated value. O Always below its stated value. O Always equal to its par value.
Need answers
Chapter 11 Stockholders' Equity: Paid-In Capital Stockholders' equity Capital stock 7% cumulative preferred stock, $100 par value . . . . . . . . . . . . . . . . . . . . Common stock, $5 par value, 5,000,000 shares $ 15,000,000 20,000,000 44,000,000 64,450.6 Additional paid-in capital: Hetained earnings $143,450,000 From this information, compute answers to the following questions: a. How many shares of preferred stock have been issued? b. What is the...
Stockholders' Equity: Transactions and Balance Sheet Presentation Torey Corporation was organized on April 1, with an authorization of 25,000 shares of six percent, $50 par value preferred stock and 200,000 shares of $5 par value common stock. During April, the following transactions affecting stockholders' equity occurred: Apr. 1 Issued 80,000 shares of common stock at $40 cash per share. 3 Issued 2,000 shares of common stock to attorneys and promoters in exchange for their services in organizing the corporation. The...
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...
Stockholders’ Equity Transactions, Journal Entries, and
T-Accounts
The stockholders’ equity of Fremantle Corporation at January 1
follows:
8 Percent preferred stock, $110 par value, 20,000 shares
authorized; 4,000 shares issued and outstanding
$440,000
Common stock, $4 par value, 10,000 shares
authorized; 40,000 shares issued and outstanding
160,000
Paid-in capital in excess of par value-Preferred stock
200,000
Paid-in capital in excess of par value-Common stock
800,000
Retained earnings
550,000
Total Stockholders' Equity
$2,150,000
The following transactions, among others, occurred during the...
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