Question

PLEASE ANSWER THEM ALL AND SHOW YOUR WORK. THANKS. Huxley Company has 275,007 shares of common...

PLEASE ANSWER THEM ALL AND SHOW YOUR WORK. THANKS.

Huxley Company has 275,007 shares of common stock authorized, 241,780 issued, and 54,095 shares of treasury stock. The company’s board of directors declares a dividend of $0.4 per share of common stock. What is the total amount of the dividend that will be paid?

=====================

Evan Corporation’ charter authorized the following capital stock:    

Preferred stock: 8 percent, par $10, authorized 10,000 shares.

Common stock: par $2, authorized 50,000 shares.

Since inception, Skyhawk sold 7,520 shares of the common stock at $6.6per share and 3,673 shares of the preferred stock at $16. The ending retained earnings was $59,011

On the statement of stockholders' equity, the total stockholders' equity would be reported as $_____

==============================

Emma Consulting had previously purchased 3,026 shares of treasury stock for $5 per share. Emma then sold 1,284 shares of the treasury stock for $11 per share.

After the sale, the balance in Treasury stock account will be $______

=================================

Ava Consulting issued 1,280 shares of previously unissued common stock with a par value of $1 The selling price for the stock was $7 per share.

The debit to Cash would be $_________

================================

Skyhawk Corporation’ charter authorized the following capital stock:    

Preferred stock: 8 percent, par $11, authorized 10,000 shares.

Common stock: par $1.5, authorized 50,000 shares.

Since inception, Skyhawk sold 9,023 shares of the common stock at $6.2per share and 3,517 shares of the preferred stock at $16.

On the statement of stockholders' equity, Preferred Stock would be reported as $_____

Business   Accounting   
0 0
Add a commentTranscribed image text
Next >

Homework Answers

Answer #1

1) Dividend paid = Outstanding share*Dividend per share = (241780-54095)*0.40 = $75074

b) Total Stockholder's equity

Common Stock (7520*6.6) 49632
Preferred stock (3673*16) 58768
Retained earnings 59011
Total Stockholder's equity 167411

c) After the sale, the balance in Treasury stock account will be (3026-1284)*5 = 8710

d) The debit to Cash would be (1280*7) = 8960

e) On the statement of stockholders' equity, Preferred Stock would be reported as (3517*16) = $56272

0 0
Know the answer?
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for?
Ask your own homework help question
Similar Questions
PLEASE ANSWER THEM ALL AND SHOW YOUR WORK. THANKS. The stockholders' equity section on the December...
PLEASE ANSWER THEM ALL AND SHOW YOUR WORK. THANKS. The stockholders' equity section on the December 31 balance sheet of Hadley Corporation reported the following amounts: Preferred Stock (par $50; authorized 10,000 shares, ? issued 348,000 Additional Paid-in Capital, Preferred 22,100 Common Stock (no-par; authorized 20,000 shares, issued and outstanding 5,300 shares) 78,114 Retained Earnings 158,061 Treasury Stock, 1,000 Preferred shares at cost 53,054 What is the total stockholders' equity for Hadley Corporation? ====================== Emma Systems, Inc. declared and issued...
Ava School of Learning obtained a charter at the start of the year that authorized 50,000...
Ava School of Learning obtained a charter at the start of the year that authorized 50,000 shares of no-par common stock and 20,000 shares of preferred stock, par value $10. During the year, the following selected transactions occurred: Collected $32 cash per share from four individuals and issued 4,200 shares of common stock to each. Issued 5,200 shares of common stock to an outside investor at $32 cash per share. Issued 7,200 shares of preferred stock at $17 cash per...
Ava School of Learning obtained a charter at the start of the year that authorized 50,000...
Ava School of Learning obtained a charter at the start of the year that authorized 50,000 shares of no-par common stock and 20,000 shares of preferred stock, par value $10. During the year, the following selected transactions occurred: a. Collected $34 cash per share from four individuals and issued 4,400 shares of common stock to each. b. Issued 5,400 shares of common stock to an outside investor at $34 cash per share. c. Issued 7,400 shares of preferred stock at...
Witt Corporation received its charter during January of this year. The charter authorized the following stock:...
Witt Corporation received its charter during January of this year. The charter authorized the following stock: Preferred stock: 10 percent, $11 par value, 22,700 shares authorized Common stock: $9 par value, 50,500 shares authorized During the year, the following transactions occurred in the order given: a. Issued a total of 39,800 shares of the common stock at $13 cash per share. b. Sold 7,500 shares of the preferred stock at $17 cash per share. c. Sold 3,300 shares of the...
Book Value for Preferred and Common Stock The stockholders' equity section of Plaka Corporation's balance sheet...
Book Value for Preferred and Common Stock The stockholders' equity section of Plaka Corporation's balance sheet follows. Contributed capital: Preferred stock, $100 par value, callable at $105 per share, 6 percent cumulative, 5,000 shares authorized, 100 shares issued and outstanding $10,000 Common stock, $5 par value, 50,000 shares authorized, 5,000 shares issued, 4,500 shares outstanding 25,000 Additional paid-in capital 14,000 Total contributed capital $49,000 Retained earnings 47,500 Total contributed capital and retained earnings $96,500 Less treasury stock, common (500 shares...
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: Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) $ 108,000 Additional Paid-In Capital, Preferred 15,390 Common Stock (no-par; authorized 20,000 shares, issued and outstanding 6,200 shares) 632,400 Retained Earnings 32,000 Treasury Stock, 1,000 Preferred shares at a cost (9,600 ) Assume that no shares of treasury stock have been sold in...
When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100...
When Resisto Systems, Inc., was formed, the company was authorized to issue 5,000 shares of $100 par value, 8 percent cumulative preferred stock, and 100,000 shares of $2 stated value common stock. Half of the preferred stock was issued at a price of $102 per share, and 92,000 shares of the common stock were sold for $17 per share. At the end of the current year, Resisto has retained earnings of $382,000. a. Prepare the stockholders’ equity section of the...
The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of...
The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year: Preferred 2% Stock, $150 par (50,000 shares authorized, 25,000 shares issued) $3,750,000 Paid-In Capital in Excess of Par—Preferred Stock 750,000 Common Stock, $15 par (700,000 shares authorized, 170,000 shares issued) 2,550,000 Paid-In Capital in Excess of Par—Common Stock 330,000 Retained Earnings 15,646,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows:...
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...
In January 2018, Gardner Corporation was authorized to issue 100,000 shares of $10 par value common...
In January 2018, Gardner Corporation was authorized to issue 100,000 shares of $10 par value common stock and $50,000 shares of $80 par, 4 percent, preferred the journal entries for the following transactions: a) March Issued 25,000 shares of common stock for $21 per share for cash. date Description Debitt Credit b) March 1 Issued 5,000 shares of preferred stock for $90 per share for cash. Date Description Debit Credit c) June 1 Purchased 400 shares of common stock as...
ADVERTISEMENT
Need Online Homework Help?

Get Answers For Free
Most questions answered within 1 hours.

Ask a Question
ADVERTISEMENT