On January 1, 2017, Neda Kalantar Corp, a publicly traded
company, had these shareholders’ equity accounts:...
On January 1, 2017, Neda Kalantar Corp, a publicly traded
company, had these shareholders’ equity accounts:
Common shares (Unlimited number of shares authorized, 12,000
issued): $600,000
Contributed capital: $40,000
Retained earnings: $2,200,000
On February 1 the company reacquired and retired 2,000 common
shares for $75.00 per share. The stock’s market price was
$73.00.
Calculate the balance in number of common shares, dollars of
common shares, dollars of contributed capital and dollars of
retained earnings after the above transactions at February...
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...
The following is the shareholders’ equity section of Ayayai
Corp. at December 31, 2020:
Preferred shares,a...
The following is the shareholders’ equity section of Ayayai
Corp. at December 31, 2020:
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....
Coronado Company reported the following amounts in the
stockholders’ equity section of its December 31, 2016,...
Coronado Company reported the following amounts in the
stockholders’ equity section of its December 31, 2016, balance
sheet.
Preferred stock, 10%, $100 par (10,000 shares authorized, 1,800
shares issued)
$180,000
Common stock, $5 par (94,000 shares authorized, 18,800 shares
issued)
94,000
Additional paid-in capital
131,000
Retained earnings
478,000
Total
$883,000
During 2017, Coronado took part in the following transactions
concerning stockholders’ equity.
1.
Paid the annual 2016 $10 per share dividend on preferred stock
and a $2 per share dividend...
heffield Company reported the following amounts in the
stockholders’ equity section of its December 31, 2016,...
heffield Company reported the following amounts in the
stockholders’ equity section of its December 31, 2016, balance
sheet. Preferred stock, 9%, $100 par (10,000 shares authorized,
2,200 shares issued) $220,000 Common stock, $5 par (92,500 shares
authorized, 18,500 shares issued) 92,500 Additional paid-in capital
130,000 Retained earnings 447,000 Total $889,500 During 2017,
Sheffield took part in the following transactions concerning
stockholders’ equity. 1. Paid the annual 2016 $9 per share dividend
on preferred stock and a $2 per share dividend...
Headland Company reported the following amounts in the
stockholders’ equity section of its December 31, 2016,...
Headland Company reported the following amounts in the
stockholders’ equity section of its December 31, 2016, balance
sheet. Preferred stock, 9%, $100 par (10,000 shares authorized,
1,800 shares issued) $180,000 Common stock, $5 par (101,500 shares
authorized, 20,300 shares issued) 101,500 Additional paid-in
capital 130,000 Retained earnings 486,000 Total $897,500 During
2017, Headland took part in the following transactions concerning
stockholders’ equity. 1. Paid the annual 2016 $9 per share dividend
on preferred stock and a $2 per share dividend...
Duple Company Ltd., reported the following stockholders’ equity
on its balance sheet at Dec 31, 2017:...
Duple Company Ltd., reported the following stockholders’ equity
on its balance sheet at Dec 31, 2017:
Duple Company Ltd.
Stockholders’ Equity
Dec 31,2017
Paid in Capital
Preferred stock, 10%, ? par, 1,000,000 shares authorized,
100,000 shares issued
$ 2,000,000
Common stock, par value $? per share, 10,000,000 shares
authorized, 2,000,000 shares issued and outstanding
4,000,000
Paid-in Capital excess of par - common
20,000,000
Total paid-in capital
26,000,000
Retained earnings
10,600,000
Total stockholder's equity
$36,600,000
Requirements:
1. What is the par...
Supper Company Ltd., reported the following stockholders’ equity
on its balance sheet at Dec 31, 2017:...
Supper Company Ltd., reported the following stockholders’ equity
on its balance sheet at Dec 31, 2017: Supper Company Ltd.
Stockholders’ Equity Dec 31,2017 Paid-in Capital Preferred stock,
10%, ? par, 1,000,000 shares authorized, 100,000 shares issued $
2,000,000 Common stock, par value $? per share, 10,000,000 shares
authorized, 2,000,000 shares issued and outstanding 4,000,000
Paid-in capital in excess of par—common 20,000,000 Total paid-in
capital 26,000,000 Retained earnings 10,600,000 Total Stockholders’
equity $36,600,000 Requirements: 1. What is the par value per...
Flounder Company reported the following amounts in the
stockholders’ equity section of its December 31, 2016,...
Flounder Company reported the following amounts in the
stockholders’ equity section of its December 31, 2016, balance
sheet.
Preferred stock, 11%, $100 par (10,000 shares authorized, 2,100
shares issued)
$210,000
Common stock, $5 par (91,000 shares authorized, 18,200 shares
issued)
91,000
Additional paid-in capital
130,000
Retained earnings
448,000
Total
$879,000
During 2017, Flounder took part in the following transactions
concerning stockholders’ equity.
1.
Paid the annual 2016 $11 per share dividend on preferred stock
and a $2 per share dividend...
Swifty Company reported the following amounts in the
stockholders’ equity section of its December 31, 2019,...
Swifty Company reported the following amounts in the
stockholders’ equity section of its December 31, 2019, balance
sheet.
Preferred stock, 10%, $100 par (10,000 shares authorized, 1,800
shares issued)
$180,000
Common stock, $5 par (93,000 shares authorized, 18,600 shares
issued)
93,000
Additional paid-in capital
130,000
Retained earnings
467,000
Total
$870,000
During 2020, Swifty took part in the following transactions
concerning stockholders’ equity.
1.
Paid the annual 2019 $10 per share dividend on preferred stock
and a $2 per share dividend...