1. Coronado Corporation’s December 31, 2020 balance sheet showed
the following:
7% preferred stock, $20 par...
1. Coronado Corporation’s December 31, 2020 balance sheet showed
the following:
7% preferred stock, $20 par value, cumulative, 15300 shares
authorized; 5300 shares issued. $ 106000
Common stock, $10 par value, 1090000 shares authorized;
1040000 shares issued, 1010000 shares outstanding. 10400000
Paid-in capital in excess of par—preferred stock. 29000
Paid-in capital in excess of par—common stock. 11590000
Retained earnings. 3790000
Treasury stock (14800 shares). 310800
Coronado’s total paid-in capital was:
a. $21814200.
b. $22125000.
c. $12175000.
d. $22435800.
2. Swifty...
Preferred stock— $25 par value, 10,000 shares authorized, 5,200
shares issued and outstanding
$
130,000
Common...
Preferred stock— $25 par value, 10,000 shares authorized, 5,200
shares issued and outstanding
$
130,000
Common stock—$10 par value, 100,000 shares authorized, 80,000
shares issued and outstanding
800,000
Total paid-in capital
$
930,000
Retained earnings
550,000
Total stockholders’ equity
$
1,480,000
The number of issued and outstanding shares of both preferred and
common stock have been the same for the last two years. Dividends
on preferred stock are 8 percent of par value and have been paid
each year the...
Racer Corporation's December 31, 2017 balance sheet showed the
following:
6% preferred stock, $20 par value,...
Racer Corporation's December 31, 2017 balance sheet showed the
following:
6% preferred stock, $20 par value, cumulative,
40,000 shares authorized; 25,000 shares
issued
$ 500,000
Common stock, $10 par value, 4,000,000 shares authorized;
2,600,000 shares issued, 2,560,000
shares outstanding
26,000,000
Paid-in capital in excess of par value – preferred stock
80,000
Paid-in capital in excess of par value – common stock
37,000,000
Retained earnings
12,200,000
Treasury stock (30,000 shares)
840,000
Racer's total paid-in capital was
Question 9 options:...
Oriole Corporation's December 31, 2020 balance sheet showed the
following:
6% preferred stock, $10 par value,...
Oriole Corporation's December 31, 2020 balance sheet showed the
following:
6% preferred stock, $10 par value, cumulative,
35000 shares authorized; 24000
shares issued
$ 240000
Common stock, $10 par value, 3,000,000 shares authorized;
1,950,000 shares issued, 1,920,000
shares outstanding
19500000
Paid-in capital in excess of par value - preferred stock
73000
Paid-in capital in excess of par value - common stock
27900000
Retained earnings
9450000
Treasury stock (30,000 shares)
748000
Oriole's total paid-in capital was
$27813000.
$47713000.
$48461000.
$46965000.
Sheffield Corporation’s December 31, 2018 balance sheet showed
the following:
7% preferred stock, $20 par value,...
Sheffield Corporation’s December 31, 2018 balance sheet showed
the following:
7% preferred stock, $20 par value, cumulative, 14600 shares
authorized; 9600 shares issued $ 192000
Common stock, $10 par value, 1010000 shares authorized; 985000
shares issued, 970000 shares outstanding 9850000
Paid-in capital in excess of par—preferred stock 28500
Paid-in capital in excess of par—common stock 11630000
Retained earnings 3760000
Treasury stock (15000 shares) 315000
Sheffield’s total paid-in capital was
A. $22015500.
B. $11750500.
C. $21385500.
D....
Q.8 Multiple Choice
During the year, Todd Corporation issued 200 shares of $20 par
value common...
Q.8 Multiple Choice
During the year, Todd Corporation issued 200 shares of $20 par
value common stock for $50 a share. A total of 500 shares were
authorized. In addition, the company purchased 75 shares of
treasury stock at $44 a share. Which of the following best presents
the related lines in the stockholders’ equity section of the
company’s balance sheet?
Multiple Choice
A
Common stock, $20 par value, 500 shares authorized, 200 shares
issued, 425 outstanding
$
8,500
Paid...
Entity I had the following accounts:
Common stock, $1 par, 1,000 shares authorized, 750 shares
issued,...
Entity I had the following accounts:
Common stock, $1 par, 1,000 shares authorized, 750 shares
issued, 700 shares outstanding $ 750
Paid-in-capital in excess of par 37,500
Treasury stock (50 shares at cost) 3,000
Retained earnings 250,000
What is Total Stockholders’ Equity?
$291,250
none of the above
$288,250
$285,250
Whispering Winds Corp.’s December 31, 2020 balance sheet showed
the following:
6% preferred stock, $10 par...
Whispering Winds Corp.’s December 31, 2020 balance sheet showed
the following:
6% preferred stock, $10 par value, cumulative,
35000 shares authorized; 19000
shares issued
$ 190000
Common stock, $10 par value, 3,000,000 shares authorized;
1,950,000 shares issued, 1,920,000
shares outstanding
19500000
Paid-in capital in excess of par value - preferred stock
63000
Paid-in capital in excess of par value - common stock
28600000
Retained earnings
9650000
Treasury stock (32000 shares)
736000
Whispering's total stockholders' equity was
a $57267000.
b $556610....
Stockholders'
Equity:
5.5% preferred stock, $50 par
value, callable at $101 per share,
1200 shares
authorized………………..…..…………………….…….………….…………..…………….……………………......
Stockholders'
Equity:
5.5% preferred stock, $50 par
value, callable at $101 per share,
1200 shares
authorized………………..…..…………………….…….………….…………..…………….……………………...
$40,000
Common Stock, $1.5 par
value, 200000 shares
authorized……………………….....………………………………………………..…
216,000
Additional paid-in
capital:
Preferred
Stock…………………………...…………………….……...…………………………………………..
######
Common
Stock……………………………………………………….…………………..……….….…………………..
######
318,000
Retained
Earnings…………………………………………………...……...…………………………………………………………..
226,800
Total
stockholders' equity
$800,800
Questions:
How many shares of preferred stock
have been issued?
What is the total annual dividend
requirement on the outstanding preferred stock?
How many shares of common stock
have been isued?
What is the...
Preferred shares,a authorized 100,000 shares; issued 33,000
shares $ 1,155,000
Common shares (unlimited authorized, 51,000 issued)...
Preferred shares,a authorized 100,000 shares; issued 33,000
shares $ 1,155,000
Common shares (unlimited authorized, 51,000 issued)
1,275,000
Contributed surplus 107,000
Total paid-in capital 2,537,000
Retained earnings 2,962,600
Total shareholders’ equity $ 5,499,600
a The preferred shares have a $2 dividend rate, are cumulative,
and participate in distributions in excess of a $3 dividend on the
common shares. Q. No dividends were paid in 2018 or 2019. On
December 31, 2020, Ayayai wants to pay a cash dividend of $5 per...