Homework Answers
14. Average Purchase price for treasuring stock during 2016 = (200000-130000)/(18000-11000) = $10 per share
Answer is b. $10
15.
Dividend to be paid = (13500000+7425000-72000-18600000)/600000x3000
= $11265
Answer is e. $11265
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The following information is relevant for question 14 and 15: 31-12-16 31-12-15 Preferred stock, 5%, $120...
explain all answer, no written work The following information is relevant for question 9 and 10:...
explain all answer, no written work
The following information is relevant for question 9 and 10: Tomer's stockholders equity section of the balance sheet for Dec 31 2014 is as follows (amounts in USD): 31/12/2014 Preferred stock, 5%, $120 par, non-cumulative, 6,000 shares 720,000 Common stock, ($2 par value each) 2,100,000 Additional paid-in capital-preferred 50,000 Additional paid-in capital-common 6,300,000 Total paid-in capital 6,350,000 Retained earnings 13,500,000 Total paid-in capital & retained earning 19,850,000 Total owners' equity 22,670,000 9. What were...
Wildhorse Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par...
Wildhorse Company has two classes of capital stock outstanding:
8%, $20 par preferred and $5 par common. At December 31, 2020, the
following accounts were included in stockholders’ equity.
Preferred Stock, 159,600 shares
$ 3,192,000
Common Stock, 1,970,000 shares
9,850,000
Paid-in Capital in Excess of Par—Preferred Stock
193,000
Paid-in Capital in Excess of Par—Common Stock
27,534,000
Retained Earnings
4,424,000
The following transactions affected stockholders’ equity during
2021.
Jan. 1
29,100 shares of preferred stock issued at $22 per share.
Feb....
Sarasota Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par...
Sarasota Company has two classes of capital stock outstanding:
8%, $20 par preferred and $5 par common. At December 31, 2020, the
following accounts were included in stockholders’ equity.
Preferred Stock, 148,200 shares
$ 2,964,000
Common Stock, 1,991,000 shares
9,955,000
Paid-in Capital in Excess of Par—Preferred Stock
207,000
Paid-in Capital in Excess of Par—Common Stock
26,478,000
Retained Earnings
4,495,000
The following transactions affected stockholders’ equity during
2021.
Jan. 1
29,200 shares of preferred stock issued at $23 per share.
Feb....
Sarah Co. has the following stockholders' equity for 12/31/2019: $ 25,000 1,400 26,400 Preferred stock, 8%,...
Sarah Co. has the following stockholders' equity for 12/31/2019: $ 25,000 1,400 26,400 Preferred stock, 8%, $50 par, 3,000 shares authorized, 500 shares issued and outstanding Common stock, $.20 par, 10,000 shares authorized, 7,000 shares issued, and 6,700 shares outstanding Total capital stock Additional paid-in capital: Preferred Common Total paid-in capital Retained earnings Treasury Stock (300 shares at $25 cost) Total stockholders' equity 208,600 235,000 280,000 (7,500 $ 507,500 Required: Record the transactions listed and prepare the 2020 stockholders' equity...
Wildhorse Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par...
Wildhorse Company has two classes of capital stock outstanding:
8%, $20 par preferred and $5 par common. At December 31, 2020, the
following accounts were included in stockholders’ equity.
Preferred Stock, 159,600 shares
$ 3,192,000
Common Stock, 1,970,000 shares
9,850,000
Paid-in Capital in Excess of Par—Preferred Stock
193,000
Paid-in Capital in Excess of Par—Common Stock
27,534,000
Retained Earnings
4,424,000
The following transactions affected stockholders’ equity during
2021.
Jan. 1
29,100 shares of preferred stock issued at $22 per share.
Feb....
350,000 Kell Corporation Stockholder's Equity 12/31/XX Paid-in-Capital From stock: Preferred Stock, cumulative. 10,000 shares authorized, 7,000...
350,000 Kell Corporation Stockholder's Equity 12/31/XX Paid-in-Capital From stock: Preferred Stock, cumulative. 10,000 shares authorized, 7,000 shares issued $ Common Stock, no par, 50,000 shares authorized, 40,000 shares issued Total Paid-in-Capital from stock $ Additional Paid-in-Capital: In excess of par value - preferred stock S 49,000 In excess of stated value - common stock 240.000 Total Additional Paid-in-Capital s Total Paid-in-Capital S Retained Earnings s Total Paid-in-Capital and Retained Earnings S Less: Treasury Stock - Common (1.000 shares) Total Stockholder's...
Best Incorporated Balance Sheet (partial) At December 31, Year 6 Stockholders' Equity: Preferred stock (par $100)...
Best Incorporated Balance Sheet (partial) At December 31, Year 6 Stockholders' Equity: Preferred stock (par $100) $100,000 Common stock (par $0.10) 52,500 Additional Paid in capital 9,136,000 Total paid in capital 9,288,500 Retained earnings 658,200 Treasury stock (3,000 common shares) (96,000) Total stockholders' equity $10,042,700 Assume that the company sold 1,000 shares of its treasury stock for $35 per share. How much would additional paid in capital change? $_______ How much would Stockholders’ Equity change? $_______ How many shares of...
Bonita Corporation’s December 31, 2018 balance sheet showed the following: 8% preferred stock, $10 par value,...
Bonita Corporation’s December 31, 2018 balance sheet showed the following: 8% preferred stock, $10 par value, cumulative, 20300shares authorized; 15300 shares issued $ 153000 Common stock, $10 par value, 2080000 shares authorized; 2030000 shares issued, 2010000 shares outstanding 20300000 Paid-in capital in excess of par—preferred stock 59000 Paid-in capital in excess of par—common stock 25000000 Retained earnings 7600000 Treasury stock (208000 shares) 655200 Bonita’s total stockholders’ equity was $45436800. $53112000. $52456800. $53716800. Swifty Corporation’s December 31, 2018 balance sheet showed...
Required information [The following information applies to the questions displayed below.] Shown below is information relating...
Required information [The following information applies to the questions displayed below.] Shown below is information relating to the stockholders' equity of Brookdale Corporation at December 31, 2018: 11% cumulative preferred stock, $130 par, 100,000 shares authorized, 10,000 shares issued $ 1,300,000 Common stock, $1.25 par, 1,000,000 shares authorized, 600,000 shares issued (of which 6,000 are held in treasury) 750,000 Additional paid-in capital: preferred stock 500,000 Additional paid-in capital: common stock 900,000 Additional paid-in capital: treasury stock transactions 6,000 Treasury stock...
Sarah Co. has the following stockholders' equity for 12/31/2019: 25,000 A 1,400 26,400 Preferred stock, 8%,...
Sarah Co. has the following stockholders' equity for 12/31/2019: 25,000 A 1,400 26,400 Preferred stock, 8%, $50 par, 8,000 shares authorized, 500 shares issued and outstanding Common stock, $.20 par, 10,000 shares authorized, 7,000 shares issued, and 6,700 shares outstanding Total capital stock Additional paid-in capital: Preferred Common Total paid-in capital Retained earnings Treasury Stock (300 shares at $25 cost) Total stockholders' equity 208,600 235,000 280,000 (7,500) 507,500) $ Required: Record the transactions listed and prepare the 2020 stockholders' equity...
explain all answer, no written work
The following information is relevant for question 9 and 10: Tomer's stockholders equity section of the balance sheet for Dec 31 2014 is as follows (amounts in USD): 31/12/2014 Preferred stock, 5%, $120 par, non-cumulative, 6,000 shares 720,000 Common stock, ($2 par value each) 2,100,000 Additional paid-in capital-preferred 50,000 Additional paid-in capital-common 6,300,000 Total paid-in capital 6,350,000 Retained earnings 13,500,000 Total paid-in capital & retained earning 19,850,000 Total owners' equity 22,670,000 9. What were...
Wildhorse Company has two classes of capital stock outstanding:
8%, $20 par preferred and $5 par common. At December 31, 2020, the
following accounts were included in stockholders’ equity.
Preferred Stock, 159,600 shares
$ 3,192,000
Common Stock, 1,970,000 shares
9,850,000
Paid-in Capital in Excess of Par—Preferred Stock
193,000
Paid-in Capital in Excess of Par—Common Stock
27,534,000
Retained Earnings
4,424,000
The following transactions affected stockholders’ equity during
2021.
Jan. 1
29,100 shares of preferred stock issued at $22 per share.
Feb....
Sarasota Company has two classes of capital stock outstanding:
8%, $20 par preferred and $5 par common. At December 31, 2020, the
following accounts were included in stockholders’ equity.
Preferred Stock, 148,200 shares
$ 2,964,000
Common Stock, 1,991,000 shares
9,955,000
Paid-in Capital in Excess of Par—Preferred Stock
207,000
Paid-in Capital in Excess of Par—Common Stock
26,478,000
Retained Earnings
4,495,000
The following transactions affected stockholders’ equity during
2021.
Jan. 1
29,200 shares of preferred stock issued at $23 per share.
Feb....
Sarah Co. has the following stockholders' equity for 12/31/2019: $ 25,000 1,400 26,400 Preferred stock, 8%, $50 par, 3,000 shares authorized, 500 shares issued and outstanding Common stock, $.20 par, 10,000 shares authorized, 7,000 shares issued, and 6,700 shares outstanding Total capital stock Additional paid-in capital: Preferred Common Total paid-in capital Retained earnings Treasury Stock (300 shares at $25 cost) Total stockholders' equity 208,600 235,000 280,000 (7,500 $ 507,500 Required: Record the transactions listed and prepare the 2020 stockholders' equity...
Wildhorse Company has two classes of capital stock outstanding:
8%, $20 par preferred and $5 par common. At December 31, 2020, the
following accounts were included in stockholders’ equity.
Preferred Stock, 159,600 shares
$ 3,192,000
Common Stock, 1,970,000 shares
9,850,000
Paid-in Capital in Excess of Par—Preferred Stock
193,000
Paid-in Capital in Excess of Par—Common Stock
27,534,000
Retained Earnings
4,424,000
The following transactions affected stockholders’ equity during
2021.
Jan. 1
29,100 shares of preferred stock issued at $22 per share.
Feb....
350,000 Kell Corporation Stockholder's Equity 12/31/XX Paid-in-Capital From stock: Preferred Stock, cumulative. 10,000 shares authorized, 7,000 shares issued $ Common Stock, no par, 50,000 shares authorized, 40,000 shares issued Total Paid-in-Capital from stock $ Additional Paid-in-Capital: In excess of par value - preferred stock S 49,000 In excess of stated value - common stock 240.000 Total Additional Paid-in-Capital s Total Paid-in-Capital S Retained Earnings s Total Paid-in-Capital and Retained Earnings S Less: Treasury Stock - Common (1.000 shares) Total Stockholder's...
Sarah Co. has the following stockholders' equity for 12/31/2019: 25,000 A 1,400 26,400 Preferred stock, 8%, $50 par, 8,000 shares authorized, 500 shares issued and outstanding Common stock, $.20 par, 10,000 shares authorized, 7,000 shares issued, and 6,700 shares outstanding Total capital stock Additional paid-in capital: Preferred Common Total paid-in capital Retained earnings Treasury Stock (300 shares at $25 cost) Total stockholders' equity 208,600 235,000 280,000 (7,500) 507,500) $ Required: Record the transactions listed and prepare the 2020 stockholders' equity...
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