Problem 145 (Part Level Submission)
Foley Corporation has the following capital structure at the
beginning of...
Problem 145 (Part Level Submission)
Foley Corporation has the following capital structure at the
beginning of the year:
4% Preferred stock, $50 par value, 20,000 shares authorized,
5,000 shares issued and outstanding $250,000
Common stock, $10 par value, 60,000 shares authorized, 38,000
shares issued and outstanding 380,000
Paid-in capital in excess of par 108,000
Total paid-in capital 738,000
Retained earnings 450,000
Total stockholders' equity $1,188,000
(a)
Record the following transactions which occurred consecutively.
(Credit account titles are automatically indented...
On June 1, the corporation declares a $4 per
share dividend on the common stock to...
On June 1, the corporation declares a $4 per
share dividend on the common stock to be paid on July 15.
Record the balances in the equity section after the June 1
transaction has been recorded.
Stockholders Equity
Before Transaction
After Transaction
Common stock, 800000 shares authorized,
73000 shares issued, 65700 shares
outstanding, $17 par value.
$1241000
$
Contributed capital in excess of par value, Common Stock
$3723000
$
Retained Earnings
$1022000
$
Treasury Stock
$(372300)
$( )
Total Stockholders Equity...
Partlow Company has the following stockholders’ equity:
Paid-in-capital
Preferred stock, 5%,$15par, 7000 shares authorized, 5,500 shares...
Partlow Company has the following stockholders’ equity:
Paid-in-capital
Preferred stock, 5%,$15par, 7000 shares authorized, 5,500 shares
issued.
82,500
common stock, $0.30 par, 1,200,000 shares authorized and
issued
360,000
paid-in-capital in excess of par-common
400,000
Total paid in capital
842,500
Retained Earning
260,000
Total stockholder's Equity
1,102,500
Requirements:
Is Partlow’s preferred stock cumulative or noncumulative? How
can you tell?
Partlow declares cash dividends of $30,000 for 2010. How much
of the dividends goes to preferred. How much goes to common?
Partlow...
Partlow Company has the following stockholders’ equity:
Paid-in-capital
Preferred stock, 5%,$15par, 7000 shares authorized, 5,500 shares...
Partlow Company has the following stockholders’ equity:
Paid-in-capital
Preferred stock, 5%,$15par, 7000 shares authorized, 5,500 shares
issued.
82,500
common stock, $0.30 par, 1,200,000 shares authorized and
issued
360,000
paid-in-capital in excess of par-common
400,000
Total paid in capital
842,500
Retained Earning
260,000
Total stockholder's Equity
1,102,500
Requirements:
Is Partlow’s preferred stock cumulative or noncumulative? How
can you tell?
Partlow declares cash dividends of $30,000 for 2010. How much
of the dividends goes to preferred. How much goes to common?
Partlow...
Preferred stock— $25 par value, 10,000 shares authorized, 5,200
shares issued and outstanding
$
130,000
Common...
Preferred stock— $25 par value, 10,000 shares authorized, 5,200
shares issued and outstanding
$
130,000
Common stock—$10 par value, 100,000 shares authorized, 80,000
shares issued and outstanding
800,000
Total paid-in capital
$
930,000
Retained earnings
550,000
Total stockholders’ equity
$
1,480,000
The number of issued and outstanding shares of both preferred and
common stock have been the same for the last two years. Dividends
on preferred stock are 8 percent of par value and have been paid
each year the...
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...
Brazee Company has the following paid-in capital:
Preferred stock, 6%, $5 par value, 100,000 shares authorized,...
Brazee Company has the following paid-in capital:
Preferred stock, 6%, $5 par value, 100,000 shares authorized,
40,000 shares issued and outstanding
$2,000,000
Common stock, $9 par value, 300,000 shares authorized, 220,000
shares issued and outstanding
$1,980,000
If the company pays a $70,000 dividend, and the preferred stock
is cumulative and two years' dividends are in arrears, what is the
amount the common stockholders will receive?
Multiple Choice:
A) $34,000
B) $46,000
C) $58,000
D) $70,000
Whispering Winds Corp.’s December 31, 2020 balance sheet showed
the following:
6% preferred stock, $10 par...
Whispering Winds Corp.’s December 31, 2020 balance sheet showed
the following:
6% preferred stock, $10 par value, cumulative,
35000 shares authorized; 19000
shares issued
$ 190000
Common stock, $10 par value, 3,000,000 shares authorized;
1,950,000 shares issued, 1,920,000
shares outstanding
19500000
Paid-in capital in excess of par value - preferred stock
63000
Paid-in capital in excess of par value - common stock
28600000
Retained earnings
9650000
Treasury stock (32000 shares)
736000
Whispering's total stockholders' equity was
a $57267000.
b $556610....
The stockholders' equity section of Case Corporation at December 31, 2022
included the following accounts:
Preferred...
The stockholders' equity section of Case Corporation at December 31, 2022
included the following accounts:
Preferred stock ............................ $240,000
Common stock ............................... $520,000
Paid-in capital – preferred stock .......... ?
Paid-in capital – common stock ............. $584,000
Retained earnings .......................... $152,000
Treasury stock ............................. ?
Paid-in capital – treasury stock ........... $ 18,000
Additional information appears below:
1. The preferred stock has a $40 par value and 6,000 shares
are issued and outstanding.
2. The common stock has an $8...
Stockholders'
Equity:
5.5% preferred stock, $50 par
value, callable at $101 per share,
1200 shares
authorized………………..…..…………………….…….………….…………..…………….……………………......
Stockholders'
Equity:
5.5% preferred stock, $50 par
value, callable at $101 per share,
1200 shares
authorized………………..…..…………………….…….………….…………..…………….……………………...
$40,000
Common Stock, $1.5 par
value, 200000 shares
authorized……………………….....………………………………………………..…
216,000
Additional paid-in
capital:
Preferred
Stock…………………………...…………………….……...…………………………………………..
######
Common
Stock……………………………………………………….…………………..……….….…………………..
######
318,000
Retained
Earnings…………………………………………………...……...…………………………………………………………..
226,800
Total
stockholders' equity
$800,800
Questions:
How many shares of preferred stock
have been issued?
What is the total annual dividend
requirement on the outstanding preferred stock?
How many shares of common stock
have been isued?
What is the...