Homework Answers
| Part a | Part b | |
| total equity | $ 3,000,000 | $ 3,000,000 |
| Less:Preferrence share equity | ||
| Par value | $ (500,000) | |
| call price | $ (600,000) | |
| 60*10000 | ||
| dividends in arrears | $ (50,000) | |
| 10000*50*0.1 | ||
| ordinary share equity | $ 2,500,000 | $ 2,350,000 |
| Ordinary shares Outstanding | 200,000 | 200,000 |
| Book value per share | $ 12.50 | $ 11.75 |
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me "E12-21 At December 31, Missouri Corporation has total stockholders' equity of $3,000,000. Included in this...
At December 31, Gorden Corporation has total stockholders' equity of $3,200,000. Included in this total are...
At December 31, Gorden Corporation has total stockholders' equity of $3,200,000. Included in this total are preferred stock $500,000 and paid-in capital in excess of par—preferred stock $50,000. There are 10,000 shares of $50 par value, 8% cumulative preferred stock outstanding. At year-end, 200,000 shares of common stock are outstanding. Instructions Compute the book value per share of common stock under each of the following assumptions. (a) There are no preferred dividends in arrears, and the preferred stock does not...
At December 31, Pharoah Corporation has total stockhoiders' equity of $ 3,100,000
Exercise 14-19 a-bAt December 31, Pharoah Corporation has total stockhoiders' equity of $ 3,100,000. Included in this total are preferred stock $ 750,000 and paid-in capital in excess of par-preferred stock $ 49,800. There are 15,000 shares of $ 50 par value, 79 cumulative preferred stock outstanding. At year-end, 250,000 shares of common stock are outstanding.Compute the book value per share of common stock under each of the following assumptions. (Round answers to 2 . decimal places, e.g. 15.25.)(a) There...
This question is for Cumulative Clinton Corporation is in its third year of operation and has...
This question is for Cumulative
Clinton Corporation is in its third year of operation and has provided to you the following information relating to the contributed capital of the corporation. Common stock has been authorized in the amount of 5,000,000 shares. 500,000 shares have been issued and 200,000 are outstanding. The par value is $20 per share and was sold at $25 per share. Preferred stock has been authorized in the amount of 800,000 shares. 200,000 have been issued and...
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The stockholders’ equity section of the balance sheet for Mann Equipment Co. at December 31, Year 1, is as follows: Stockholders’ Equity Paid-in capital Preferred stock, ? par value, 6% cumulative, 100,000 shares authorized, 10,000 shares issued and outstanding $ 200,000 Common stock, $10 stated value, 200,000 shares authorized, 100,000 shares issued and outstanding 1,000,000 Paid-in capital in excess of par—Preferred 25,000 Paid-in capital in excess of stated value—Common 500,000 Total paid-in capital 1,725,000 Retained earnings 420,000 Total stockholders’ equity...
problem set A of Si par value tanding at December 31 (All dollarda The preferred stock...
problem set A
of Si par value tanding at December 31 (All dollarda The preferred stock has 357.40 share cumulative dividend preference. At December JIU are issued and 546,024 shares are outstanding. There are 1.8 billion shares of authorized, of which 924.6 million are issued and 844.8 million are outstand disclosure of all relea reno preferred divide Instructions Prepare the stockholders' equity section of the current year, including di b. Compute the book value per share of common stock, assuming...
can you work it out for me also C14 #2 Weygandt, Accounting Principles, 13e Help System...
can you work it out for me also
C14 #2 Weygandt, Accounting Principles, 13e Help System Announcements Exercise 14-19 a-b At December 31, Pharoah Corporation has total stockholders' equity of $3,100,000. Included in this total are preferred stock $750,000 and paid-in capital in excess of par preferred stock $49,800. There are 15,000 shares of $50 par value 7% cumulative preferred stock outstanding. At year-end, 250,000 shares of common stock are outstanding Compute the book value per share of common stock...
Question 7 IMA Believer Corp’s balance sheet reported the following shareholders’ equity as of December 31,...
Question 7 IMA Believer Corp’s balance sheet reported the following shareholders’ equity as of December 31, 2016: Beginning of the Year End of the Year Current assets $62,000 $82,000 Current liabilities 25,000 55,000 Plant and equipment 300,000 350,000 Long-term liabilities 50,000 75,000 Common shareholders’ equity 125,000 225,000 Preferred shareholders’ equity 60,000 85,000 Share Capital: Preferred shares, $100 stated value; $5 cumulative, 10,000 shares authorized, 10,000 issued $1,000,000 Common shares 200,000 shares authorized, 50,000 shares issued 500,000 Total share capital $2,500,000...
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The stockholders’ equity section of Fauberg Marigny Corporation at December 31 is as follows. FAUBERG MARIGNY CORPORATION Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 5,000 shares issued and outstanding $300,000 Common stock, no par, 750,000 shares authorized, 300,000 shares issued 1,500,000 Total paid-in capital 1,800,000 Retained earnings 2,050,000 Total paid-in capital and retained earnings 3,850,000 Less: Treasury stock (5,000 common shares) (64,000 ) Total stockholders' equity $3,786,000 From a review of the stockholders’ equity...
Exercise 11-16 Book value per share LO A4 The equity section of Cyril Corporation’s balance sheet...
Exercise 11-16 Book value per share LO A4 The equity section of Cyril Corporation’s balance sheet shows the following: Preferred stock—6% cumulative, $25 par value, 10,000 shares issued and outstanding $ 250,000 Common stock—$10 par value, 50,000 shares issued and outstanding 500,000 Retained earnings 267,500 Total stockholders’ equity $ 1,017,500 This year's dividends on preferred stock have been paid. Determine the book value per share of common stock under two separate situations. 1. No preferred dividends are in arrears. 2....
This question is for Cumulative
Clinton Corporation is in its third year of operation and has provided to you the following information relating to the contributed capital of the corporation. Common stock has been authorized in the amount of 5,000,000 shares. 500,000 shares have been issued and 200,000 are outstanding. The par value is $20 per share and was sold at $25 per share. Preferred stock has been authorized in the amount of 800,000 shares. 200,000 have been issued and...
problem set A
of Si par value tanding at December 31 (All dollarda The preferred stock has 357.40 share cumulative dividend preference. At December JIU are issued and 546,024 shares are outstanding. There are 1.8 billion shares of authorized, of which 924.6 million are issued and 844.8 million are outstand disclosure of all relea reno preferred divide Instructions Prepare the stockholders' equity section of the current year, including di b. Compute the book value per share of common stock, assuming...
can you work it out for me also
C14 #2 Weygandt, Accounting Principles, 13e Help System Announcements Exercise 14-19 a-b At December 31, Pharoah Corporation has total stockholders' equity of $3,100,000. Included in this total are preferred stock $750,000 and paid-in capital in excess of par preferred stock $49,800. There are 15,000 shares of $50 par value 7% cumulative preferred stock outstanding. At year-end, 250,000 shares of common stock are outstanding Compute the book value per share of common stock...
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