Homework Answers
a) Number of Shares = 19,900/5 = 3,980 Shares
Dividend = 3,980 x 0.60 = $ 2,388
- Total Assets= Decrease of $ 2,388
- Common Stock = No changes
- Paid in Capital in Excess of Par = No Changes
- Retained Earnings = Decrease of $ 2,388
- Total Stockholders' Equity = Decrease of $ 2,388
b) Dividend = 3,980 x10% x 15 = 5,970
in which Common Stock = 398 x 5 =1,990
Pain in Capital in excess of Par = 398 x 10 = 3,980
- Total Assets = No changes
- Common Stock = Increase by 1,990
- Pain Capital in Excess of Par = Increase by 3,980
- Retained Earnings = Decrease by 5,970
- Total Stockholders Equity= No changes.
c) Dividend = 3,980 x 30% x 14 = 16,716
in which Common Stock = 1,194 x 5 =5,970
Pain in Capital in excess of Par = 1,194 x 9 = 10,746
- Total Assets = No changes
- Common Stock = Increase by 5,970
- Pain Capital in Excess of Par = Increase by 10,746
- Retained Earnings = Decrease by 16,716
- Total Stockholders Equity= No changes.
d)Amount of Property dividend =3,980/2 * 9 =17,910
Value of ABC Shares = 3,980/2 x 6 = 11,940
Unrealized gain = 17,910 -11,940 = 5,970
- Total Assets = Decrease by 11,940
- Common Stock = No changes.
- Pain Capital in Excess of Par = No changes.
- Retained Earnings = Decrease by 11,940
- Total Stockholders Equity= No changes.
e)
- Total Assets = No changes.
- Common Stock = No changes.
- Pain Capital in Excess of Par = No changes.
- Retained Earnings = No changes.
- Total Stockholders Equity= No changes.
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