Rockwell Inc. reported the following results for the year ended
June 30, 2016:
Retained earnings, July...
Rockwell Inc. reported the following results for the year ended
June 30, 2016:
Retained earnings, July 1,
2015
$3,799,000
Net income
704,900
Cash dividends declared
101,900
Stock dividends declared
49,300
Prepare a retained earnings statement for the fiscal year ended
June 30, 2016. Refer to the lists of Accounts, Labels, and Amount
Descriptions provided for the exact wording of the answer choices
for text entries. Enter all amounts as positive numbers. The word
“Less” is not required.
The stockholders’ equity T accounts of I-Cards Inc. for the
fiscal year ended December 31, 20Y9,...
The stockholders’ equity T accounts of I-Cards Inc. for the
fiscal year ended December 31, 20Y9, are as follows.
COMMON STOCK
Jan. 1
Balance
1,600,000
Apr. 14
Issued
14,400 shares
720,000
Dec. 31
Balance
2,320,000
PAID-IN CAPITAL IN EXCESS OF PAR
Jan. 1
Balance
256,000
Apr. 14
Issued
14,400 shares
172,800
Dec. 31
Balance
428,800
TREASURY STOCK
Aug. 7
Purchased
2,400 shares
115,200
RETAINED EARNINGS
Mar. 31
Dividend
41,000
Jan. 1
Balance
2,780,000
June. 30
Dividend
41,000
Dec. 31
Closing...
The stockholders’ equity T accounts of I-Cards Inc. for the
fiscal year ended December 31, 20Y9,...
The stockholders’ equity T accounts of I-Cards Inc. for the
fiscal year ended December 31, 20Y9, are as follows.
COMMON STOCK
Jan. 1
Balance
2,100,000
Apr. 14
Issued
19,200 shares
960,000
Dec. 31
Balance
3,060,000
PAID-IN CAPITAL IN EXCESS OF PAR
Jan. 1
Balance
336,000
Apr. 14
Issued
19,200 shares
230,400
Dec. 31
Balance
566,400
TREASURY STOCK
Aug. 7
Purchased
3,200 shares
153,600
RETAINED EARNINGS
Mar. 31
Dividend
54,000
Jan. 1
Balance
3,650,000
June. 30
Dividend
54,000
Dec. 31
Closing...
The stockholders’ equity T accounts of I-Cards Inc. for the
fiscal year ended December 31, 20Y9,...
The stockholders’ equity T accounts of I-Cards Inc. for the
fiscal year ended December 31, 20Y9, are as follows.
COMMON
STOCK
Jan. 1
Balance
1,800,000
Apr. 14
Issued
16,200 shares
810,000
Dec. 31
Balance
2,610,000
PAID-IN CAPITAL
IN EXCESS OF PAR
Jan. 1
Balance
288,000
Apr. 14
Issued
16,200 shares
194,400
Dec. 31
Balance
482,400
TREASURY
STOCK
Aug. 7
Purchased
2,700 shares
129,600
RETAINED
EARNINGS
Mar. 31
Dividend
46,000
Jan. 1
Balance
3,130,000
June. 30
Dividend
46,000
Dec. 31
Closing...
Statement of stockholders’ equity
Noric Cruises Inc. began the month of October with the following
balances:...
Statement of stockholders’ equity
Noric Cruises Inc. began the month of October with the following
balances: Common Stock, $140,000; Additional Paid-In Capital,
$3,125,000; and Retained Earnings, $12,200,000. During June, Noric
issued for cash 30,000 shares of common stock (with a stated value
of $1) at $18 per share. Noric reported the following results for
the month ended October 31:
Net income
$2,250,000
Cash dividends declared
450,000
Prepare a statement of stockholders’ equity for the month ended
October 31. If there...
Sumter Pumps Corporation, a manufacturer of industrial pumps,
reports the following results for the year ended...
Sumter Pumps Corporation, a manufacturer of industrial pumps,
reports the following results for the year ended December 31,
20Y3:
Retained earnings, January 1, 20Y3
$573,200
Net income
63,100
Cash dividends declared
11,400
Stock dividends declared
21,500
Prepare a retained earnings statement for the year ended
December 31, 20Y3.
Sumter Pumps
Corporation
Retained
Earnings Statement
For the Year
Ended December 31, 20Y3
Sumter Pumps Corporation, a manufacturer of industrial pumps,
reports the following results for the year ended...
Sumter Pumps Corporation, a manufacturer of industrial pumps,
reports the following results for the year ended January 31,
2016:
Retained earnings, February 1,
2015
$53,783,000
Net income
8,135,000
Cash dividends declared
980,000
Stock dividends declared
2,526,000
Prepare a retained earnings statement for the fiscal year ended
January 31, 2016. Refer to the lists of Labels and Amount
Descriptions provided for the exact wording of the answer choices
for text entries. Enter all amounts as positive numbers. The word
“Less” is...
For the year ended December 31, 2020, Transformers Inc. reported
the following: Net income $300,000 Preferred...
For the year ended December 31, 2020, Transformers Inc. reported
the following: Net income $300,000 Preferred dividends declared
50,000 Common dividend declared 10,000 Unrealized holding loss, net
of tax 5,000 Retained earnings, beginning balance 400,000 Common
stock 200,000 Accumulated Other Comprehensive Income, Beginning
Balance 25,000 What would Transformers report as the ending balance
of Retained Earnings? Select one: a. $695,000 b. $645,000 c.
$665,000 d. $640,000
The comparative balance sheet of Merrick Equipment Co. for Dec.
31, 20Y9 and 20Y8, is:
Dec....
The comparative balance sheet of Merrick Equipment Co. for Dec.
31, 20Y9 and 20Y8, is:
Dec. 31,
20Y9
Dec. 31,
20Y8
Assets
Cash
$70,720
$47,940
Accounts receivable (net)
207,230
188,190
Inventories
298,520
289,850
Investments
0
102,000
Land
295,800
0
Equipment
438,600
358,020
Accumulated depreciation—equipment
(99,110)
(84,320)
Total assets
$1,211,760
$901,680
Liabilities and Stockholders'
Equity
Accounts payable (merchandise creditors)
$205,700
$194,140
Accrued expenses payable (operating expenses)
30,600
26,860
Dividends payable
25,500
20,400
Common stock, $1 par
202,000
102,000
Paid-in capital in...
The stockholders’ equity T accounts of I-Cards Inc. for the year
ended December 31, 20Y9, are...
The stockholders’ equity T accounts of I-Cards Inc. for the year
ended December 31, 20Y9, are as follows.
Common
Stock
Jan. 1
Balance
700,000
Apr. 14
Issued
10,800 shares
324,000
Dec. 31
Balance
1,024,000
Paid-In Capital
in Excess of Par
Jan. 1
Balance
112,000
Apr. 14
Issued
10,800 shares
75,600
Dec. 31
Balance
187,600
Treasury
Stock
Aug. 7
Purchased
1,800 shares
50,400
Retained
Earnings
Mar. 31
Dividend
18,000
Jan. 1
Balance
1,220,000
June. 30
Dividend
18,000
Dec. 31
Closing
Sept....