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On January 1, 2021, Larkspur Corp. had 463,000 shares of common stock outstanding. During 2021, it...
On January 1, 2021, Larkspur Corp. had 463,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 Issued 118,000 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 63,000 shares of treasury stock Determine the weighted-average number of shares outstanding as of December 31, 2021. The weighted-average number of shares outstanding enter...
Problem 19-8 Net loss; stock dividend; nonconvertible preferred stock; treasury shares shares sold; discontinued operations [LO19-5,...
Problem 19-8 Net loss; stock dividend; nonconvertible preferred stock; treasury shares shares sold; discontinued operations [LO19-5, 19-6, 19-7, 19-13] On December 31, 2017, Ainsworth, Inc.,.had 600 million shares of common stock outstanding. Twenty two million shares of 8%, $100 par value cumulative, nonconvertible preferred stock were sold on January 2, 2018, On April 30, 2018, Ainsworth purchased 50 million shares of its common stock as treasury stock. Twenty million treasury shares were sold on August 31, Ainsworth issued a 4%...
Ivanhoe Corporation Ltd. has the following capital structure at the following fiscal years ended December 31: 2020 2019 Number of common shares 840,000 690,000 Number of non-convertible, non-cumulative preferred A shares 40,000 40,000 Amount of 4
Ivanhoe Corporation Ltd. has the following capital structure at the following fiscal years ended December 31:20202019Number of common shares840,000690,000Number of non-convertible, non-cumulative preferred A shares40,00040,000Amount of 4% convertible bonds$1,000,000$1,000,000The following additional information is available.1.On July 31, 2020, Ivanhoe Corporation exchanged common shares for a large piece of equipment. This was the only transaction that resulted in issuance of common shares in 2020.2.Income before discontinued operations for 2020 was $1,600,000, and a loss from discontinued operations of $320,000 was recorded, net of applicable tax recovery.3.During 2020,...
Question 2 View Policies Current Attempt in Progress A portion of the combined statement of income...
Question 2 View Policies Current Attempt in Progress A portion of the combined statement of income and retained earnings of Waterway Inc. for the current year follows. Income before extraordinary item Loss from discontinued operations, net of applicable income tax (Note 1) Net income Retained earnings at the beginning of the year $15,260,000 1,330,000 13,930,000 84,200,000 98,130,000 Dividends declared: On preferred stock-$6.00 per share $318,000 15,080,000 On common stock-$1.75 per share Retained earnings at the end of the year 15,398,000...
please show explanations! thank you! Exercise 16-19 A portion of the combined statement of income and...
please show explanations! thank you!
Exercise 16-19 A portion of the combined statement of income and retained earnings of Waterway Inc. for the current year follows. Income before extraordinary item Loss from discontinued operations, net of applicable income tax (Note 1) Net income Retained earnings at the beginning of the year $14,900,000 1,360,000 13,540,000 84,830,000 98,370,000 Dividends declared: On preferred stock-$6.00 per share On common stock-$1.75 per share Retained earnings at the end of the year $318,000 14,670,000 14,988,000 $83,382,000...
Only need the values of income from operations of discontinued component, Income tax expense, income from...
Only need the values of income from operations of discontinued
component, Income tax expense, income from continuing operations
and income on discontinued operations. Thanks
Rembrandt Paint Company had the following Income statement Items for the year ended December 31, 2021 ($ in thousands): Sales revenue Interest revenue Interest expense $ 27,00€ 282 480 Cost of goods sold Selling and administrative expense Restructuring costs $ 15,000 3,400 1,7ee In addition, during the year the company completed the disposal of its plastics...
Income Statement and Earnings per Share for Discontinued Operations Apex Inc. reports the following for a...
Income Statement and Earnings per Share for Discontinued Operations Apex Inc. reports the following for a recent year: Income from continuing operations before income tax expense $1,000,000 Loss from discontinued operations $240,000* Weighted average number of shares outstanding 20,000 Applicable tax rate 40% *Net of any tax effect. a. Prepare a partial income statement for Apex Inc., beginning with income from continuing operations before income tax expense. Apex Inc. Partial Income Statement For the Year Ended December 31 Income from...
HW chapter 16 Send to Gradebook < Prev Next > Question 2 --/1 View Policies Current...
HW chapter 16 Send to Gradebook < Prev Next > Question 2 --/1 View Policies Current Attempt in Progress A portion of the combined statement of income and retained earnings of Tamarisk Inc. for the current year follows. Income before extraordinary item Loss from discontinued operations, net of applicable income tax (Note 1) Net income Retained earnings at the beginning of the year $15,060,000 1,320,000 13,740,000 84,220,000 97,960,000 Dividends declared: On preferred stock-$6.00 per share On common stock-$1.75 per share...
do not need it Question 7 (5 marks) The shareholders' equity section of Riverbed Corporation as...
do
not need it
Question 7 (5 marks) The shareholders' equity section of Riverbed Corporation as at December 31, 2020, follows: 10% cumulative preferred shares, 100,000 shares authorized, 65,000 shares outstanding $4,300,000 Common shares, 10 million shares authorized and issued 10,000,000 Contributed surplus 11,000,000 25,300,000 Retained earnings 176,000,000 $201,300,00 et income of $25 million for 2020 reflects a total effective tax rate of 26%. Included in the ne ome figure is a loss of $16 million (before tax) relating to...
The Culver Corporation had income from continuing operations of $13 million in 2020. During 2020, it...
The Culver Corporation had income from continuing operations of $13 million in 2020. During 2020, it disposed of its restaurant division at a loss of $80,000 (net of tax of $38,000). Before the disposal, the division operated at a loss of $220,000 (net of tax of $135,000) in 2020. Blue Collar also had an unrealized gain-OCI of $43,000 (net of tax of $18,000) related to its FV-OCI equity investments. Culver had 10 million common shares outstanding during 2020. Prepare a...
Problem 19-8 Net loss; stock dividend; nonconvertible preferred stock; treasury shares shares sold; discontinued operations [LO19-5, 19-6, 19-7, 19-13] On December 31, 2017, Ainsworth, Inc.,.had 600 million shares of common stock outstanding. Twenty two million shares of 8%, $100 par value cumulative, nonconvertible preferred stock were sold on January 2, 2018, On April 30, 2018, Ainsworth purchased 50 million shares of its common stock as treasury stock. Twenty million treasury shares were sold on August 31, Ainsworth issued a 4%...
Question 2 View Policies Current Attempt in Progress A portion of the combined statement of income and retained earnings of Waterway Inc. for the current year follows. Income before extraordinary item Loss from discontinued operations, net of applicable income tax (Note 1) Net income Retained earnings at the beginning of the year $15,260,000 1,330,000 13,930,000 84,200,000 98,130,000 Dividends declared: On preferred stock-$6.00 per share $318,000 15,080,000 On common stock-$1.75 per share Retained earnings at the end of the year 15,398,000...
please show explanations! thank you!
Exercise 16-19 A portion of the combined statement of income and retained earnings of Waterway Inc. for the current year follows. Income before extraordinary item Loss from discontinued operations, net of applicable income tax (Note 1) Net income Retained earnings at the beginning of the year $14,900,000 1,360,000 13,540,000 84,830,000 98,370,000 Dividends declared: On preferred stock-$6.00 per share On common stock-$1.75 per share Retained earnings at the end of the year $318,000 14,670,000 14,988,000 $83,382,000...
Only need the values of income from operations of discontinued
component, Income tax expense, income from continuing operations
and income on discontinued operations. Thanks
Rembrandt Paint Company had the following Income statement Items for the year ended December 31, 2021 ($ in thousands): Sales revenue Interest revenue Interest expense $ 27,00€ 282 480 Cost of goods sold Selling and administrative expense Restructuring costs $ 15,000 3,400 1,7ee In addition, during the year the company completed the disposal of its plastics...
HW chapter 16 Send to Gradebook < Prev Next > Question 2 --/1 View Policies Current Attempt in Progress A portion of the combined statement of income and retained earnings of Tamarisk Inc. for the current year follows. Income before extraordinary item Loss from discontinued operations, net of applicable income tax (Note 1) Net income Retained earnings at the beginning of the year $15,060,000 1,320,000 13,740,000 84,220,000 97,960,000 Dividends declared: On preferred stock-$6.00 per share On common stock-$1.75 per share...
do
not need it
Question 7 (5 marks) The shareholders' equity section of Riverbed Corporation as at December 31, 2020, follows: 10% cumulative preferred shares, 100,000 shares authorized, 65,000 shares outstanding $4,300,000 Common shares, 10 million shares authorized and issued 10,000,000 Contributed surplus 11,000,000 25,300,000 Retained earnings 176,000,000 $201,300,00 et income of $25 million for 2020 reflects a total effective tax rate of 26%. Included in the ne ome figure is a loss of $16 million (before tax) relating to...
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