Homework Answers
| 1. | ||
| Number of shares = Preferred stock / Par value per share = 4800000 / 1 | 4800000 | |
| 2. | ||
| Number of shares = Common stock / Par value per share = 18000000 / 1 | 18000000 | |
| 5. | ||
| Average cost = Treasury stock / Shares in treasury stock = 200000000 / 10000000 | 20 | per share |
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The stockholders' equity section...
The stockholders’ equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($...
The stockholders’ equity section of Velcro World is presented
here.
VELCRO WORLD
Balance Sheet (partial)
($ and shares in thousands)
Stockholders' equity:
Preferred stock, $1 par value
$
4,600
Common stock, $1 par value
16,000
Additional paid-in capital
401,000
Total paid-in capital
421,600
Retained earnings
274,000
Treasury stock, 12,000 common shares
(216,000
)
Total stockholders' equity
$
479,600
Based on the stockholders' equity section of Velcro World,
answer the following questions. Remember that all amounts are
presented in thousands.
Required...
Required information [The following information applies to the questions displayed below.) The stockholders' equity section of...
Required information [The following information applies to the questions displayed below.) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) (s and shares in thousands) Stockholders' equity. Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 12,000 common shares Total stockholders' equity $ 5,800 28,000 1,028,600 1,062,400 286,000 (360,000) $ 988,400 Based on the stockholders' equity section of Velcro World, answer the following...
1. How many shares of preferred stock have been issued? 2. How many shares of common...
1. How many shares of
preferred stock have been issued?
2. How many shares of common stock have been issued?
3. If the common shares were issued at $15 per share, at what
average price per share were the preferred shares issued?
4. If retained earnings at the beginning of the period was $235
million and $15 million was paid in dividends during the year, what
was the net income for the year?
The stockholders' equity section of Velcro World...
0 The stockholders' equity section of Velcro World is presented here. 5 or 5 1 VELCRO...
0 The stockholders' equity section of Velcro World is presented here. 5 or 5 1 VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid in capital Total paid-in capital Retained earnings Treasury stock, 12,889 common shares Total stockholders' equity $ 5,200 22,000 675,209 702,400 280.000 (288,eee) $ 694,480 53:04 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all...
Check my Required information (The following information applies to the questions displayed below.) Part 1 of...
Check my Required information (The following information applies to the questions displayed below.) Part 1 of 5 The stockholders' equity section of Velcro World is presented here. points cBook VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity! Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000 conmon shares Total stockholders' equity References 4,700 12,000 461,200 462, 900 275.000 (209,000) $520,900 Based on the stockholders'...
Use the following to answer questions 18-22 Attention Men's Wear, Inc. Balance Sheet (Stockholders' Equity Section)...
Use the following to answer questions 18-22 Attention Men's Wear, Inc. Balance Sheet (Stockholders' Equity Section) At December 31, 20XE Preferred stock, $100 par value Common stock, $0.05 par value Additional Paid in capital Total paid in capital Retained earnings Treasury stock Total stockholders' equity $75,000 45,000 12,649,688 12,769,688 995,600 247 500) $13,517,788 18.shares. How many shares of preferred stock have been issued? 19.shares. How many shares of common stock have been issued? 20. S per share. If the preferred...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 112,000 16,520 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 outstanding 6,400 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 665,600 34,000 (9,700) Assume that no shares of treasury stock have been sold in the past....
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...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 108,000 15,390 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 outstanding 6,200 shares) Retained Earnings Treasury Stock 1.000 preferred shares at cost 632,400 32,000 (9,600 ) Assume that no shares of treasury stock have been sold in the...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 124,000 20,150 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 outstanding 7,000 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 770,000 40,000 (10,000) Assume that no shares of treasury stock have been sold in the...
The stockholders’ equity section of Velcro World is presented
here.
VELCRO WORLD
Balance Sheet (partial)
($ and shares in thousands)
Stockholders' equity:
Preferred stock, $1 par value
$
4,600
Common stock, $1 par value
16,000
Additional paid-in capital
401,000
Total paid-in capital
421,600
Retained earnings
274,000
Treasury stock, 12,000 common shares
(216,000
)
Total stockholders' equity
$
479,600
Based on the stockholders' equity section of Velcro World,
answer the following questions. Remember that all amounts are
presented in thousands.
Required...
Required information [The following information applies to the questions displayed below.) The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) (s and shares in thousands) Stockholders' equity. Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 12,000 common shares Total stockholders' equity $ 5,800 28,000 1,028,600 1,062,400 286,000 (360,000) $ 988,400 Based on the stockholders' equity section of Velcro World, answer the following...
1. How many shares of
preferred stock have been issued?
2. How many shares of common stock have been issued?
3. If the common shares were issued at $15 per share, at what
average price per share were the preferred shares issued?
4. If retained earnings at the beginning of the period was $235
million and $15 million was paid in dividends during the year, what
was the net income for the year?
The stockholders' equity section of Velcro World...
0 The stockholders' equity section of Velcro World is presented here. 5 or 5 1 VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid in capital Total paid-in capital Retained earnings Treasury stock, 12,889 common shares Total stockholders' equity $ 5,200 22,000 675,209 702,400 280.000 (288,eee) $ 694,480 53:04 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all...
Check my Required information (The following information applies to the questions displayed below.) Part 1 of 5 The stockholders' equity section of Velcro World is presented here. points cBook VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity! Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000 conmon shares Total stockholders' equity References 4,700 12,000 461,200 462, 900 275.000 (209,000) $520,900 Based on the stockholders'...
Use the following to answer questions 18-22 Attention Men's Wear, Inc. Balance Sheet (Stockholders' Equity Section) At December 31, 20XE Preferred stock, $100 par value Common stock, $0.05 par value Additional Paid in capital Total paid in capital Retained earnings Treasury stock Total stockholders' equity $75,000 45,000 12,649,688 12,769,688 995,600 247 500) $13,517,788 18.shares. How many shares of preferred stock have been issued? 19.shares. How many shares of common stock have been issued? 20. S per share. If the preferred...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 112,000 16,520 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 outstanding 6,400 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 665,600 34,000 (9,700) Assume that no shares of treasury stock have been sold in the past....
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...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 108,000 15,390 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 outstanding 6,200 shares) Retained Earnings Treasury Stock 1.000 preferred shares at cost 632,400 32,000 (9,600 ) Assume that no shares of treasury stock have been sold in the...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 124,000 20,150 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 outstanding 7,000 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 770,000 40,000 (10,000) Assume that no shares of treasury stock have been sold in the...
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