Corporation’s first year of business, the following transactions
affected its equity accounts.
Issued 4,000 shares of...
Corporation’s first year of business, the following transactions
affected its equity accounts.
Issued 4,000 shares of $2 par value common stock for $18. It
authorized 20,000 shares.
Issued 1,000 shares of 12%, $10 par value preferred stock for
$23. It authorized 3,000 shares.
Reacquired 200 shares of common stock for $30 each.
Retained earnings is impacted by reported net income of $50,000
and cash dividends of $15,000.
Prepare the stockholders’ equity section of Draco’s balance
sheet as of December 31....
3. On January 1, 2025, the stockholders' equity section of Henry
Corporation's balance sheet reported the...
3. On January 1, 2025, the stockholders' equity section of Henry
Corporation's balance sheet reported the following: Common Stock,
par $10, authorized 100,000 shares, issued 10,000 shares $100,000
Capital in excess of par value 50,000 Retained earnings 160,000
During 2025, the following selected transactions occurred (assume
they occurred in the order given):
(1) Issued a 10% stock dividend; 1,000 shares issued when the
market price was $12.
(2) 200 shares of treasury stock were purchased at $11 per
share.
(3)...
Using the following accounts and balances, prepare the
stockholders' equity section of the balance sheet. Fifty...
Using the following accounts and balances, prepare the
stockholders' equity section of the balance sheet. Fifty thousand
shares of common stock are authorized, and 2,000 shares have been
reacquired.
Common Stock, $40 par
$1,320,000
Paid-In Capital in Excess of Par
204,040
Paid-In Capital from Sale of Treasury Stock
6,040
Retained Earnings
125,000
Treasury Stock
4,540
Stockholders' Equity
Contributed capital:
Common stock, $40 par (50,000 shares authorized, 33,000
issued
$
Additional paid-in capital
Total contributed capital
$
Retained earnings
Total
$...
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...
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...
Buildex Corporation's balance sheet reported the following
shareholders' equity as of December 31, 2021:
Shareholders’ Equity...
Buildex Corporation's balance sheet reported the following
shareholders' equity as of December 31, 2021:
Shareholders’ Equity
Share capital:
Preferred shares, $ 4 cumulative, 30,000 shares
authorized, 4,000 shares
issued
$ 850,000
Common shares, unlimited shares authorized,
175,000 shares
issued
1,350,000
Total share
capital
$ 2,000,000
Retained
earnings
300,000
Total shareholders'
equity
$
2,300,000
Additional information:
No dividends were declared in the prior year - 2020. Dividends
were fully paid in all...
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...
The stockholders' equity section of Wildhorse Co. balance sheet
at December 31 is presented here:
WILDHORSE...
The stockholders' equity section of Wildhorse Co. balance sheet
at December 31 is presented here:
WILDHORSE
CO.
Balance Sheet (partial)
Stockholders'
equity
Paid-in
capital
Preferred stock, cumulative, 11,000 shares
authorized,
6,000 shares issued and
outstanding
$600,000
Common stock, no par, 750,000 shares
authorized,
600,000 shares issued
6,000,000
Total paid-in capital
6,600,000
Retained
earnings
1,450,000
Total
paid-in capital and retained earnings
8,050,000
Less:
Treasury stock (5,000 common shares)
41,000
Total stockholders'
equity
$8,009,000
From a review of the stockholders' equity section,...
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...