Statement of Stockholders’ equity
In its December 31, 2016, annual report, Mattel, Inc. reports the
following...
Statement of Stockholders’ equity
In its December 31, 2016, annual report, Mattel, Inc. reports the
following items:
($
thousands)
2016
Retained earnings, December 31, 2015
$3,745,815
Treasury stock, December 31, 2015
(2,494,901)
Contributed Capital, December 31, 2015
2,231,239
Net income for 2016
318,022
Treasury Stock, December 31, 2016
(2,426,749)
Dividends during 2016
518,478
Stock issued during 2016
962
Prepare the statement of stockholders’ equity for Mattel, Inc. for
the year ended December 31, 2016.
At the beginning of 2009, Presidio Company purchased 95% of the
common stock of Succo Company...
At the beginning of 2009, Presidio Company purchased 95% of the
common stock of Succo Company for $533,615. On that date, Succo
Company’s stockholders’ equity consisted of the
following:
Common stock
$323,500
Other contributed capital
107,200
Retained earnings
131,000
Total
$561,700
During 2017, Succo Company reported net income of $43,400 and
distributed dividends in the amount of $18,300. Succo Company’s
retained earnings balance at the end of 2016 amounted to $158,500.
Presidio Company uses the equity method.
Prepare in general...
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.
Riverbed Company was formed on July 1, 2015. It was authorized
to issue 314,700 shares of...
Riverbed Company was formed on July 1, 2015. It was authorized
to issue 314,700 shares of $10 par value common stock and 100,600
shares of 8% $25 par value, cumulative and nonparticipating
preferred stock. Riverbed Company has a July 1–June 30 fiscal
year.
The following information relates to the stockholders’ equity
accounts of Riverbed Company.
Common Stock
Prior to the 2017–2018 fiscal year, Riverbed Company had 110,800
shares of outstanding common stock issued as follows.
1.
84,500 shares were issued...
Kohler Corporation reports the
following components of stockholders’ equity on December 31,
2015:
Common stock—$20 par...
Kohler Corporation reports the
following components of stockholders’ equity on December 31,
2015:
Common stock—$20 par value, 100,000 shares
authorized, 45,000 shares issued and
outstanding
$
900,000
Paid-in capital
in excess of par value, common stock
70,000
Retained
earnings
370,000
Total
stockholders’ equity
$
1,340,000
In year 2016, the
following transactions affected its stockholders’ equity
accounts.
Jan.
1
Purchased 4,500 shares of its own
stock at $20 cash per share.
Jan.
5
Directors declared a $4 per share cash dividend...
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...
Monty Company reported the following amounts in the
stockholders’ equity section of its December 31, 2016,...
Monty 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 (103,500 shares authorized, 20,700 shares
issued)
103,500
Additional paid-in capital
114,000
Retained earnings
423,000
Total
$820,500
Prepare the December 31, 2017, stockholders’ equity section.
Assume 2017 net income was $336,000.
MONTGOMERY INC.
Comparative Balance Sheets
December 31, 2016 and 2015
2016
2015
Assets
Cash
$
30,400...
MONTGOMERY INC.
Comparative Balance Sheets
December 31, 2016 and 2015
2016
2015
Assets
Cash
$
30,400
$
30,550
Accounts receivable,
net
10,050
12,150
Inventory
90,100
70,150
Total current
assets
130,550
112,850
Equipment
49,900
41,500
Accum.
depreciation—Equipment
(22,500
)
(15,300
)
Total assets
$
157,950
$
139,050
Liabilities
and Equity
Accounts
payable
$
23,900
$
25,400
Salaries
payable
500
600
Total current
liabilities
24,400
26,000
Equity
Common stock, no par
value
110,000
100,000
Retained
earnings
23,550
13,050
Total liabilities
and equity...
In 2016, Dalia Corp., a calendar fiscal-year company, discovered
that depreciation expense was erroneously overstated $65,000...
In 2016, Dalia Corp., a calendar fiscal-year company, discovered
that depreciation expense was erroneously overstated $65,000 in
both 2014 and 2015 for financial reporting purposes. Net income in
2016 is correct. The tax rate is 35%. The error was made only for
financial reporting, affecting depreciation and deferred income tax
accounts. CCA had been recorded correctly, and thus there will be
no change in taxes payable.
Additional information:
2016 2015
Beginning retained earnings $452,000 $429,000
Earnings (includes error in 2015)...
Oriole
Medical
Comparative Balance Sheet
As of December 31
2016
2015
Assets
Current assets
Cash
$357,000...
Oriole
Medical
Comparative Balance Sheet
As of December 31
2016
2015
Assets
Current assets
Cash
$357,000
$417,400
Accounts receivable, net
1,065,600
776,450
Inventory
729,000
681,050
Other current assets
386,000
247,000
Total current assets
2,537,600
2,121,900
Property, plant, &
equipment, net
8,574,855
8,389,815
Total assets
$11,112,455
$10,511,715
Liabilities and
Stockholders’ Equity
Current liabilities
$3,123,000
$2,846,100
Long-term debt
3,702,650
3,892,700
Total liabilities
6,825,650
6,738,800
Preferred stock, $5 par
value
53,900
53,900
Common stock, $0.25 par
value
195,000
103,850
Retained earnings
4,037,905
3,615,165...