Following is the stockholders' equity section from the
Abercrombie & Fitch Co. balance sheet. Stockholders' Equity...
Following is the stockholders' equity section from the
Abercrombie & Fitch Co. balance sheet. Stockholders' Equity ($
thousands, except par value amounts) January 30, 2016 January 31,
2015 Class A common stock-$0.01 par value: 150,000 shares
authorized and 103,300 shares issues at each of January 30, 2016,
and January 31, 2015 $1,033 $1,033 Paid-in capital 407,029 434,137
Retained earnings 2,530,196 2,550,673 Accumulated other
comprehensive loss, net of tax (114,619) (83,580) Treasury stock at
average cost: 35,952 and 33,948 shares at...
riverside in reported the following shareholder equity accounts
at the end of 2017
preferred stock 20...
riverside in reported the following shareholder equity accounts
at the end of 2017
preferred stock 20 shares issued 40
common stock, $1 par 50
additonal paid in capital common stock 100
retained earnings 35
treasury stock, 5 shares of common stock 30
-the par value and selling price per share of preferred stock
was
-the sales price per share of common stock was
-the number of outstanding common shares is
-the cost for each share of treasury stock was
-total...
Common stock
$1 Par
Add. Paid in Cap
Retained
Earnings
Treasury
Stock
Total Share-
Holders Equity...
Common stock
$1 Par
Add. Paid in Cap
Retained
Earnings
Treasury
Stock
Total Share-
Holders Equity
Bal. 1/1/2015
354,000
10,415,000
2,761,044
-
13,530,044
Common Shares
370,000
12,210,000
Shares Repurchase
(83,500 shares)
(1,670,000)
Cash Dividends
(50,000)
Net Income
2,696,789
Bal. 12/31/2015
724,000
22,625,000
5,407,833
(1,670,000)
27,086,833
Cash Dividend Comm Stock
(75,000)
Stock div 5 for 4
181,000
(181,000)
Net Income
3,805,617
Bal. 12/31/216
905,000
22,625,000
8,957,450
(1,670,000)
31,817,450
Requirement 1: Use Journal Entries to establish
beginning balances for each of the...
Problem 18-2 Share buyback-comparison of retirement and treasury
stock treatment [LO18-5]
The shareholders’ equity section of...
Problem 18-2 Share buyback-comparison of retirement and treasury
stock treatment [LO18-5]
The shareholders’ equity section of the balance sheet of TNL
Systems Inc. included the following accounts at December 31,
2017:
Shareholders' Equity
($ in millions)
Common stock, 250 million shares at $1 par
$
250
Paid-in capital—excess of par
2,250
Paid-in capital—share repurchase
2
Retained earnings
1,500
Required:
1. During 2018, TNL Systems reacquired shares of
its common stock and later sold shares in two separate
transactions. Prepare the...
included in the December 31, 2015, Jacobi Company balance sheet
was the following shareholders’ equity section:...
included in the December 31, 2015, Jacobi Company balance sheet
was the following shareholders’ equity section: Jacobi Company
Balance Sheet (Shareholders' Equity) December 31, 2015 1
Contributed Capital: 2 Preferred stock, 6%, $100 par $200,000.00 3
Additional paid-in capital on preferred stock 12,000.00 $212,000.00
4 Common stock, $5 par $150,000.00 5 Additional paid-in capital on
common stock 240,000.00 390,000.00 6 Total contributed capital
$602,000.00 7 Retained earnings 627,000.00 8 Accumulated other
comprehensive income (loss): 9 Unrealized decrease in value of...
Included in the December 31, 2015, Jacobi Company
balance sheet was the following shareholders’ equity
section:...
Included in the December 31, 2015, Jacobi Company
balance sheet was the following shareholders’ equity
section:
Jacobi Company Balance Sheet (Shareholders' Equity)
December 31, 2015
1 Contributed Capital:
2 Preferred stock, 6%, $100 par $200,000.00
3 Additional paid-in capital on preferred stock
12,000.00 $212,000.00
4 Common stock, $5 par $150,000.00
5 Additional paid-in capital on common stock
240,000.00 390,000.00
6 Total contributed capital $602,000.00
7 Retained earnings 627,000.00
8 Accumulated other comprehensive income
(loss):
9 Unrealized decrease in value of...
The shareholders’ equity section of the balance sheet of ABC
Inc. included the following accounts at...
The shareholders’ equity section of the balance sheet of ABC
Inc. included the following accounts at December 31, 2017
Shareholders’ Equity
($ in millions)
Common stock, 240 million shares at $1 par
$ 240
Paid-in capital—excess of par
1,680
Paid-in capital—share repurchase
1
Retained earnings
1,100
In subsequent years, ABC reacquired shares of its common stock
and later sold shares in two separate transactions. ABC consider
the repurchased shares as retired shares:
On February 5, 2018, ABC purchased 6 million...
On January 1, 2015, Sigma Inc. had these stockholders’ equity
balances.
Common Stock, $1 par (3,000,000...
On January 1, 2015, Sigma Inc. had these stockholders’ equity
balances.
Common Stock, $1 par (3,000,000
shares authorized, 615,000 shares issued and outstanding)
$615,000
Paid-in Capital in Excess of Par
Value
1,410,000
Retained Earnings
690,000
Accumulated Other Comprehensive Income
60,000
During 2015, the following transactions and events
occurred.
1.
Issued 54,500 shares of $1 par
value common stock for $2 per share.
2.
Issued 55,500 shares of common
stock for cash at $6 per share.
3.
Purchased 19,600 shares of...
On December 31, 2015, Berclair Inc. had 400 million shares of
common stock and 5 million...
On December 31, 2015, Berclair Inc. had 400 million shares of
common stock and 5 million shares of 9%, $100 par value cumulative
preferred stock issued and outstanding. On March 1, 2016, Berclair
purchased 24 million shares of its common stock as treasury stock.
Berclair issued a 5% common stock dividend on July 1, 2016. Four
million treasury shares were sold on October 1. Net income for the
year ended December 31, 2016, was $550 million. The income tax rate...
Following are the income statement and balance sheet for Cisco
Sytems for the year ended July...
Following are the income statement and balance sheet for Cisco
Sytems for the year ended July 30, 2016.
Cisco Sytems
Consolidated Statements of Income
Years Ended December ($ millions)
July 30,
2016
July 25,
2015
Revenue
Product
$37,254
$37,750
Service
11,993
11,411
Total revenue
49,247
49,161
Cost of sales
Product
14,161
15,377
Service
4,126
4,103
Total cost of sales
18,287
19,480
Gross margin
30,960
29,681
Operating expenses
Research and development
6,296
6,207
Sales and marketing
9,619
9,821
General and administrative...