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Problem 12-02A The following account balances relate to the stockholders' equity accounts of Waterway Industries at year-end. 2022 2021 Common stock, 9,500 and 9,000 shares, respectively, for 2022 and 2021 Preferred stock, 4,680 shares Retained earnings $150,450 126,360 273,450 $129,650 126,360 284,100 A small stock dividend was declared and issued in 2022. The market price of the shares was $8,710. Cash dividends were $21,430 in both 2022 and 2021. The common stock has no par or stated value. What was...
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Problem 12-02A The following account balances relate to the stockholders' equity accounts of Blue Spruce Corp. at year-end. 2022 2021 Common stock, 10,720 and 10,220 shares, respectively, for 2022 and 2021 Preferred stock, 5,010 shares Retained earnings $175,660 125,250 307,120 $154,860 125,250 244,240 A small stock dividend was declared and issued in 2022. The market price of the shares was $9,320. Cash dividends were $19,230 in both 2022 and 2021. The common stock has no par or stated value. x...
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The following account balances relate to the stockholders' equity accounts of Sheffield Corp. at year-end. 2017 2016 Common stock, 11, 110 and 10,610 shares, respectively, for 2017 and 2016 $153,650 $132,850 Preferred stock, 5,050 shares 136,350 136,350 Retained earnings 322,310 272,200 A small stock dividend was declared and issued in 2017. The market price of the shares was $7,920. Cash dividends were $19,970 in both 2017 and 2016. The common stock has no par or stated value x Your answer...
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Problem 12-02 The following account balances relate to the stockholders' equity accounts of Pharoah Company 2022 2021 Common stock, 9.400 and 8.900 shares respectively, for 2002 and 2021 $125,520 $154,70 Preferred stock, 4,750 shares 120.250 120.250 Retand earning 125,930 240,190 Am stock dividend was declared and in 2022. The matke of the shares was ,500Cash didends were $19.160 in both 2022 and 2021. The common stock has no pa What was the amount of income reported by Pharah Company in...
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Question 3 The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. 2020 2019 Common stock, 10,500 and 10,000 shares, respectively, for 2020 and 2019 Preferred stock, 5,000 shares Retained earnings $157,800 129,800 302,300 $130,700 129,800 248,000 A small stock dividend was declared and issued in 2020. The result of the stock dividend was to decrease retained earnings by $10,800 and increase common stock by $10,800. Cash dividends were $15,700 in both 2020 and 2019....
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Question 3
The following account balances relate to the stockholders’ equity
accounts of Kerbs Corp. at year-end.
2020
2019
Common stock, 10,500 and 10,000 shares,
respectively, for 2020 and 2019
$157,600
$141,100
Preferred stock, 5,000 shares
106,000
106,000
Retained earnings
301,700
245,200
A small stock dividend was declared and issued in 2020. The result
of the stock dividend was to decrease retained earnings by $11,500
and increase common stock by $11,500. Cash dividends were $15,100
in both 2020 and 2019....
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Any help would be very much appreciated!
Problem 12-2A The following account balances relate to the stockholders' equity accounts of Tamarisk, Inc. at year-end 2017 2016 Common stock, 10,560 and 10,060 shares, respectively, for 2017 and 2016 Preferred stock, 5,310 shares Retained earnings 145,790 $124,990 132,750 132,750 324,710 244,860 A small stock dividend was declared and issued in 2017. The market price of the shares was $9,200. Cash dividends were $19,520 in both 2017 and 2016. The common stock has...
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Question 3 The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. 2020 2019 Common stock, 10,500 and 10,000 shares, respectively, for 2020 and 2019 Preferred stock, 5,000 shares Retained earnings $157,800 129,800 302,300 $130,700 129,800 248,000 A small stock dividend was declared and issued in 2020. The result of the stock dividend was to decrease retained earnings by $10,800 and increase common stock by $10,800. Cash dividends were $15,700 in both 2020 and 2019....
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Problem 11-02A The stockholders' equity accounts of Indigo Corporation on January 1, 2022, were as follows Preferred Stock (7%, $100 par noncumulative, 10,000 shares authorized) Common Stock ($4 stated value, 600,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,000 common shares) $600,000 2,000,000 30,000 960,000 1,376,000 80,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued...
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Problem 11-02A The stockholders' equity accounts of Monty Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 11,500 shares authorized) Common Stock ($4 stated value, 690,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (11,500 common shares) $690,000 2,300,000 34,500 1,104,000 1,582,400 92,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued...
Problem 12-02A The following account balances relate to the stockholders' equity accounts of Waterway Industries at year-end. 2022 2021 Common stock, 9,500 and 9,000 shares, respectively, for 2022 and 2021 Preferred stock, 4,680 shares Retained earnings $150,450 126,360 273,450 $129,650 126,360 284,100 A small stock dividend was declared and issued in 2022. The market price of the shares was $8,710. Cash dividends were $21,430 in both 2022 and 2021. The common stock has no par or stated value. What was...
Problem 12-02A The following account balances relate to the stockholders' equity accounts of Blue Spruce Corp. at year-end. 2022 2021 Common stock, 10,720 and 10,220 shares, respectively, for 2022 and 2021 Preferred stock, 5,010 shares Retained earnings $175,660 125,250 307,120 $154,860 125,250 244,240 A small stock dividend was declared and issued in 2022. The market price of the shares was $9,320. Cash dividends were $19,230 in both 2022 and 2021. The common stock has no par or stated value. x...
The following account balances relate to the stockholders' equity accounts of Sheffield Corp. at year-end. 2017 2016 Common stock, 11, 110 and 10,610 shares, respectively, for 2017 and 2016 $153,650 $132,850 Preferred stock, 5,050 shares 136,350 136,350 Retained earnings 322,310 272,200 A small stock dividend was declared and issued in 2017. The market price of the shares was $7,920. Cash dividends were $19,970 in both 2017 and 2016. The common stock has no par or stated value x Your answer...
Problem 12-02 The following account balances relate to the stockholders' equity accounts of Pharoah Company 2022 2021 Common stock, 9.400 and 8.900 shares respectively, for 2002 and 2021 $125,520 $154,70 Preferred stock, 4,750 shares 120.250 120.250 Retand earning 125,930 240,190 Am stock dividend was declared and in 2022. The matke of the shares was ,500Cash didends were $19.160 in both 2022 and 2021. The common stock has no pa What was the amount of income reported by Pharah Company in...
Question 3 The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. 2020 2019 Common stock, 10,500 and 10,000 shares, respectively, for 2020 and 2019 Preferred stock, 5,000 shares Retained earnings $157,800 129,800 302,300 $130,700 129,800 248,000 A small stock dividend was declared and issued in 2020. The result of the stock dividend was to decrease retained earnings by $10,800 and increase common stock by $10,800. Cash dividends were $15,700 in both 2020 and 2019....
Question 3
The following account balances relate to the stockholders’ equity
accounts of Kerbs Corp. at year-end.
2020
2019
Common stock, 10,500 and 10,000 shares,
respectively, for 2020 and 2019
$157,600
$141,100
Preferred stock, 5,000 shares
106,000
106,000
Retained earnings
301,700
245,200
A small stock dividend was declared and issued in 2020. The result
of the stock dividend was to decrease retained earnings by $11,500
and increase common stock by $11,500. Cash dividends were $15,100
in both 2020 and 2019....
Any help would be very much appreciated!
Problem 12-2A The following account balances relate to the stockholders' equity accounts of Tamarisk, Inc. at year-end 2017 2016 Common stock, 10,560 and 10,060 shares, respectively, for 2017 and 2016 Preferred stock, 5,310 shares Retained earnings 145,790 $124,990 132,750 132,750 324,710 244,860 A small stock dividend was declared and issued in 2017. The market price of the shares was $9,200. Cash dividends were $19,520 in both 2017 and 2016. The common stock has...
Question 3 The following account balances relate to the stockholders' equity accounts of Kerbs Corp. at year-end. 2020 2019 Common stock, 10,500 and 10,000 shares, respectively, for 2020 and 2019 Preferred stock, 5,000 shares Retained earnings $157,800 129,800 302,300 $130,700 129,800 248,000 A small stock dividend was declared and issued in 2020. The result of the stock dividend was to decrease retained earnings by $10,800 and increase common stock by $10,800. Cash dividends were $15,700 in both 2020 and 2019....
Problem 11-02A The stockholders' equity accounts of Indigo Corporation on January 1, 2022, were as follows Preferred Stock (7%, $100 par noncumulative, 10,000 shares authorized) Common Stock ($4 stated value, 600,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (10,000 common shares) $600,000 2,000,000 30,000 960,000 1,376,000 80,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued...
Problem 11-02A The stockholders' equity accounts of Monty Corp. on January 1, 2022, were as follows. Preferred Stock (7%, $100 par noncumulative, 11,500 shares authorized) Common Stock ($4 stated value, 690,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (11,500 common shares) $690,000 2,300,000 34,500 1,104,000 1,582,400 92,000 During 2022, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued...