The following items were shown on the balance sheet of Martin
Corporation on December 31, 2017:...
The following items were shown on the balance sheet of Martin
Corporation on December 31, 2017:
Stockholders’ Equity
Paid-In Capital
Capital Stock
Common stock, $5 par value, 750,000 shares
authorized; ______ shares issued and ______ outstanding
$3,000,000
Additional paid-in capital
In excess of par value 180,000
Total paid in capital 3,180,000
Retained Earnings 500,000
Total paid-in capital and retained earnings 3,680,000
Less: Treasury stock (20,000 shares) 280,000
Total stockholders’ equity $3,400,000 Complete the following
statements.
(a) The number of shares...
The following items were shown on the balance sheet of Weslyn
Corporation on December 31, 2015:...
The following items were shown on the balance sheet of Weslyn
Corporation on December 31, 2015:
Stockholder’s Equity
Paid-in capital
Capital Stock
Common Stock. $10 par value, 400,000 shares
Authorized; _____ shares issued and _____ outstanding……………..
$1,850,000
Additional paid-in capital
In excess of par……………………………………………………… 165,000
Total paid-in capital…………………………………………….... 2,015,000
Retained earnings……………………………………………………………………. 750,000
Total paid-in capital and retained earnings………………………………….
2,765,000
Less: Treasury Stock (18,000 shares)………………………………………………..
270,000
Total stockholder’s equity…………………………………………………… $2,495,000
Complete the following...
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,...
The following items were shown on the balance sheet of Martell
Corporation on 12/31/2020:
Stockholders’ Equity...
The following items were shown on the balance sheet of Martell
Corporation on 12/31/2020:
Stockholders’ Equity
Paid-In Capital
Capital Stock:
Common stock, $10 par value, 1,000,000 shares
authorized; shares issued and outstanding
.......................... $5,000,000
Additional paid-in capital:
In excess of par value
............................................................................................................................................................................................................................................ 2,500,000
Total paid-in capital
....................................................................................................................................................................................................................................................
7,500,000
Retained Earnings
..............................................................................................................................................................................................................................................................
500,000
Total paid-in capital and retained earnings
..................................................................................................................................................................................................
8,000,000
Less: Treasury stock (50,000
shares)
........................................................................................................................................................................................................................ 1,000,000
Total stockholders’ equity
....................................................................................................................................................................................................................................
For a recent 2-year period, the balance sheet of Windsor Company
showed the following stockholders’ equity...
For a recent 2-year period, the balance sheet of Windsor Company
showed the following stockholders’ equity data at December 31 (in
millions). 2020 2019 Additional paid-in capital $ 980 $ 819 Common
stock 663 654 Retained earnings 7,250 5,300 Treasury stock 1,620
1,044 Total stockholders’ equity $7,273 $5,729 Common stock shares
issued 221 218 Common stock shares authorized 500 500 Treasury
stock shares 36 29 (a) Answer the following questions. (1) What is
the par value of the common stock?...
The stockholders’ equity section of the Olivia Corporation’s
balance sheet at December 31, 2019, appears below:...
The stockholders’ equity section of the Olivia Corporation’s
balance sheet at December 31, 2019, appears below:
Stockholders’ equity
Paid-in
capital
Common
stock, $10 par value, 400,000 shares authorized;
300,000 issued and
outstanding $3,000,000
Paid-in
capital in excess of
par
1,200,000
Total
paid-in
capital 4,200,000
Retained
earnings
900,000
Total
stockholders’
equity $5,100,000
During 2020, the following stock transactions occurred. Prepare
the journal entries to record these stock transactions.
Jan. 18 Issued
50,000 shares of common stock at $23 per share.
Aug. 20 Purchased
15,000 shares of...
The stockholders' equity section of Piper Corporation's balance
sheet at December 31, 2016, appears below:
Stockholders'...
The stockholders' equity section of Piper Corporation's balance
sheet at December 31, 2016, appears below:
Stockholders' equity
Paid-in capital
Common stock, $10 par
value, 400,000 shares authorized;
300,000 issued and
outstanding
$3,000,000
Paid-in capital in excess of par
1,200,000
Total
paid-in capital
4,200,000
Retained earnings
900,000
Total
stockholders' equity
$5,100,000
During 2017, the following stock transactions occurred:
Jan. 18
Issued 80,000 shares of common stock at $23 per share.
Aug. 20
Purchased 20,000 shares of Piper Corporation's common stock at...
The stockholders’ equity section of the balance sheet for Mann
Equipment Co. at December 31, 2018,...
The stockholders’ equity section of the balance sheet for Mann
Equipment Co. at December 31, 2018, is as follows.
Stockholders’ Equity
Paid-in capital
Preferred stock,? par value, 4%
cumulative,
270,000 shares authorized,
57,000 shares issued and outstanding
$
570,000
Common stock, $25 stated value,
320,000 shares authorized, 57,000?? shares issued and
outstanding
1,425,000
Paid-in capital in excess of
par—Preferred
47,000
Paid-in capital in excess of
stated value—Common
114,000
Total paid-in capital
2,156,000
Retained earnings
420,000
Treasury stock, 6,000
shares
(42,000...
1. Coronado Corporation’s December 31, 2020 balance sheet showed
the following:
7% preferred stock, $20 par...
1. Coronado Corporation’s December 31, 2020 balance sheet showed
the following:
7% preferred stock, $20 par value, cumulative, 15300 shares
authorized; 5300 shares issued. $ 106000
Common stock, $10 par value, 1090000 shares authorized;
1040000 shares issued, 1010000 shares outstanding. 10400000
Paid-in capital in excess of par—preferred stock. 29000
Paid-in capital in excess of par—common stock. 11590000
Retained earnings. 3790000
Treasury stock (14800 shares). 310800
Coronado’s total paid-in capital was:
a. $21814200.
b. $22125000.
c. $12175000.
d. $22435800.
2. Swifty...
The stockholders’ equity section of the balance sheet for Mann
Equipment Co. at December 31, Year...
The stockholders’ equity section of the balance sheet for Mann
Equipment Co. at December 31, Year 2, is as follows. Stockholders’
Equity Paid-in capital Preferred stock, ? par value, 6% cumulative,
250,000 shares authorized, 55,000 shares issued and outstanding $
550,000 Common stock, $20 stated value, 300,000 shares authorized,
55,000 shares issued and ?? shares outstanding 1,100,000 Paid-in
capital in excess of par—Preferred 45,000 Paid-in capital in excess
of stated value—Common 165,000 Total paid-in capital $ 1,860,000
Retained earnings 400,000...