45000 shares
= shares outstanding, 1/1 + 2 for 1 stock split, 4/1 + shares issued, 7/1
= 20000 + 20000 + {10000 * 6/12}
= 40000 + 5000
= 45000
The following information pertains to Obama Company's outstanding stock for the yearjust ended: Common stock, $5...
Preferred stock—5% cumulative, $25 par value, $30 callprice, 10,000 shares issued and outstanding $ 250,000 Common stock—$10 par value, 45,000 shares issued and outstanding 450,000 Retained earnings 267,500 Total stockholders’ equity $ 967,500 Determine the book value per share of the preferred and common stock under two separate situations. 1. No preferred dividends are in arrears. Preferred stock—5% cumulative, $25 par value, $30 callprice, 10,000 shares issued and outstanding $ 250,000 Common stock—$10 par value, 45,000 shares issued and outstanding...
The following information pertains to the Chow Corporation for the fiscal year ended December 31, YR7: Net Income for YR7 $1,200,000 8% convertible bonds issued at par ($1,000 per bond). Each bond is convertible into 40 shares of common stock. $2,000,000 7% convertible bonds issued at par ($1,000 per bond). Each bond is convertible into 15 shares of common stock. $1,500,000 6% convertible, cumulative preferred stock, $100 par value. Each share is convertible into 3 shares of common stock. $3,000,000...
1- The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par value 20,000 shares authorized and 10,000 shares issued, 9,000 shares outstanding $100,000 Paid-in capital in excess of par value, common stock 50,000 Retained earnings 25,000 Treasury stock 11,500 Assuming the treasury shares were all purchased at the same price, the cost per share of the treasury stock is: Multiple Choice $1.15. $1.28. $11.50. $10.50. $10.00. 2- Comfort Mattresses, Inc. sold 26,000 shares of...
Earnings per Share The 2018 balance sheet for Guthrie Corporation revealed the following information: Common stock, $10 par, 50,000 shares issued and outstanding Preferred stock, $100 par, 6%, cumulative stock, 1,000 shares issued and outstanding During 2019, Guthrie reported net income of $225,000 and engaged in the following stock transactions: Mar. 1 Issued 10,000 shares of common stock for cash. Apr. 1 Reacquired 2,000 shares of common stock as treasury stock. Aug. 1 Resold 1,000 shares of treasury stock for...
Contributed Capital: Common Stock - $4 par value, 5,000,000 shares authorized, 300,000 shares issued and outstanding Paid capital in Excess of Par, Common Retained Earnings Total Stockholders' Equity $1,200,000 1.600.000 2.000.000 $4,800,000 The following transactions occurred in sequence during 2019: a. Issued 40,000 shares of $100 par value, 10% cumulative preferred stock at par, b. Declared a 2 per 1 stock split on outstanding common shares. c. Bought land valued at $980,000 by using 100,000 shares of common stock. d....
On December 31, 2005, Merlin Company had outstanding 400,000 shares of common stock and 40,000 shares of 8% cumulative preferred stock (par $10). On February 28, 2006, Merlin issued an additional 36,000 shares of common stock. On September 1, 2006, 9,000 shares were retired. Net income was $900,000. A 10% stock dividend was declared and distributed on July 1, 2006 What is the basic EPS for the year ended December 31, 2006 for Merlin Company?
Shawn Industries has 5,000 outstanding shares of 5%, $20 par preferred stock and 100,000 shares of $1.50 par common stock outstanding. During a three year period, Vogue declared and paid cash dividends as follows: 2016 of $4,000; 2017 of $10,000; and 2018 of $20,000. Required: 1. Compute the total dividends to preferred and common for each of the three years if the preferred stock is: a. Cumulative b. Non cumulative For case la, journalize the declaration of the 2018 dividend...
Please solve for multiple choice in the image.
Question 17 5 pts Reling Company reports the following information as of 12/31/15: $100,000 10% cumulative preferred stock, par value $10 and liquidation value $11; 20,000 authorized and issued; 10,000 share outstanding Common stock - authorized 50,000 and 40,000 outstanding; $1 par value Additional paid-in capital Retained Earnings $ 40,000 $350,000 $230,000 The book value per share of common stock is: O $15.50 0 $12.20 $12.40 $15.25
On December 31, 2010, Merlin Company had outstanding 400,000 shares of common stock and 40,000 shares of 8% cumulative preferred stock (par $10). On February 1, 2011, Merlin issued an additional 35,000 shares of common stock. A 15% stock dividend was declared and distributed on July 1, 2011. On September 30, 2011, 9,000 shares were retired. At year-end, there were fully vested incentive stock options outstanding for 30,000 shares of common stock (adjusted for the stock dividend). The exercise price...