Homework Answers
| rate of return/HPR = ((Ending price+Dividend)/Beginning price-1) |
| =((30+2)/28-1) |
| =14.29% |
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On January 1, 2016 the common stock for Collins Corporation had a market value of $28.00....
On January 1, 2020, Swifty Corporation had 79,000 shares of $1 par value common stock issued...
On January 1, 2020, Swifty Corporation had 79,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar. 1 Issued 91,000 shares of common stock for $603,000. June 1 Declared a cash dividend of $2.00 per share to stockholders of record on June 15. June 30 Paid the $2.00 cash dividend. Dec. 1 Purchased 9,000 shares of common stock for the treasury for $19 per share. Dec. 15 Declared a cash dividend...
On January 1, 2016, Alpha Corporation had 200,000 shares of common stock outstanding with a par...
On January 1, 2016, Alpha Corporation had 200,000 shares of common stock outstanding with a par value of S3 per share. On March 31,Alpha Corporation declared a 10% stock dividend when the market value was $10 per share. Use this information to prepare the General Journal entry (without explanation) for March 31. If no entry is required then write "No Entry Required." Format GeneralJournak Accounts ebit Credit Date
On January 1, 2022, Swifty Corporation had these stockholders’ equity accounts. Common Stock ($10 par value,...
On January 1, 2022, Swifty Corporation had these stockholders’ equity accounts. Common Stock ($10 par value, 75,500 shares issued and outstanding) $755,000 Paid-in Capital in Excess of Par Value 490,500 Retained Earnings 611,000 During the year, the following transactions occurred. Jan. 15 Declared a $0.40 cash dividend per share to stockholders of record on January 31, payable February 15. Feb. 15 Paid the dividend declared in January. Apr. 15 Declared a 10% stock dividend to stockholders of record on April...
E14-1 & E14-2 E14-1 On January 1, Guillen Corporation had 95,000 shares of no-par common stock...
E14-1 & E14-2
E14-1 On January 1, Guillen Corporation had 95,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the dividends еnt following occurred. Аpr. 1 Issued 25,000 additional shares of common stock for $17 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. Paid the $1 cash dividend. July 10 1 Dec. Issued 2,000 additional shares...
On January 1, 2016, a corporation had 10,380 shares of common stock outstanding, and on June...
On January 1, 2016, a corporation had 10,380 shares of common stock outstanding, and on June 1, it reacquired 6,000 shares. Despite a net loss for the year of $180,000, the company declared and paid cash dividends of $24,000 and $28,000 on common and preferred stock, respectively. What was the earnings per share for 2016? (33.72) (18.60) (30.23) (22.10)
During 2016, Linda, Inc.’s net income was $1,400,000. Its common stockholders’ equity was $2,160,000 at January...
During 2016, Linda, Inc.’s net income was $1,400,000. Its common stockholders’ equity was $2,160,000 at January 1, 2016 and $3,440,000 at December 31, 2016. During 2016, Cooper had 10,000 outstanding shares of 6%, $300 par value cumulative preferred stock. During December, 2016, Linda’s board of directors declared the annual preferred stock dividend and a $240,000 common stock dividend. What is Linda’s 2016 return on common stockholders’ equity? Select one: A. 50.0% B. 41.4% C. 43.6% D. 35.0%
On January 1, 2017, Frontier Corporation had $1,245,000 of common stock outstanding that was issued at...
On January 1, 2017, Frontier Corporation had $1,245,000 of common stock outstanding that was issued at par. It also had retained earnings of $745,000. The company issued 37,000 shares of common stock at par on July 1 and earned net income of $410,000 for the year. Journalize the declaration of a 15% stock dividend on December 10, 2017, for the following independent assumptions. (a) Par value is $10, and market price is $19. (b) Par value is $5, and market...
On January 1, 2020, Crane Corporation had the following stockholders' equity accounts. Common Stock ($26 par...
On January 1, 2020, Crane Corporation had the following stockholders' equity accounts. Common Stock ($26 par value, 50,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,300,000 194,000 619,000 During the year, the following transactions occurred. Feb. 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the...
At December 31, 2016, Western Corporation had 40,000 shares outstanding of $30 par value common stock....
At December 31, 2016, Western Corporation had 40,000 shares outstanding of $30 par value common stock. The shares were originally issued for $84 per share. On January 1, 2017, Western split its common stock 3 for 1 with a corresponding reduction in the stock’s par value. The market price of the stock just before the split was $150 per share. After the split, the balance in the common stock account is: Group of answer choices $6,000,000 $3,600,000 $1,200,000 $3,060,000
On January 1, 2020, Cullumber Corporation had the following stockholders' equity accounts. Common Stock ($24 par value,...
On January 1, 2020, Cullumber Corporation had the following stockholders' equity accounts. Common Stock ($24 par value, 59,000 shares issued and outstanding) $1,416,000 Paid-in Capital in Excess of Par-Common Stock 197,000 Retained Earnings 559,000 During the year, the following transactions occurred. Feb. 1 Declared a $3 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the...
On January 1, 2016, Alpha Corporation had 200,000 shares of common stock outstanding with a par value of S3 per share. On March 31,Alpha Corporation declared a 10% stock dividend when the market value was $10 per share. Use this information to prepare the General Journal entry (without explanation) for March 31. If no entry is required then write "No Entry Required." Format GeneralJournak Accounts ebit Credit Date
E14-1 & E14-2
E14-1 On January 1, Guillen Corporation had 95,000 shares of no-par common stock issued and outstanding. The stock has a stated value of $5 per share. During the year, the dividends еnt following occurred. Аpr. 1 Issued 25,000 additional shares of common stock for $17 per share. June 15 Declared a cash dividend of $1 per share to stockholders of record on June 30. Paid the $1 cash dividend. July 10 1 Dec. Issued 2,000 additional shares...
On January 1, 2020, Crane Corporation had the following stockholders' equity accounts. Common Stock ($26 par value, 50,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,300,000 194,000 619,000 During the year, the following transactions occurred. Feb. 1 Declared a $2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the...
On January 1, 2020, Cullumber Corporation had the following stockholders' equity accounts. Common Stock ($24 par value, 59,000 shares issued and outstanding) $1,416,000 Paid-in Capital in Excess of Par-Common Stock 197,000 Retained Earnings 559,000 During the year, the following transactions occurred. Feb. 1 Declared a $3 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the...
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