Question
Sally Coprporation's stockholder's equity on December 31, 2014 was as follows. ?10% cumulative preferred stock, $100...
Sally Coprporation's stockholder's equity on December 31, 2014
was as follows.
?10% cumulative preferred stock, $100 par value,
?callable at $105, with one year dividends in arrears $10,000
?Common stock, $1 par value 50,000
?Additional paid-in capital 150,000
?Retained earnings 160,000
?Total stockholders' equity 370,000
On January, 2015, Panata Corporation paid $300,000 for a 70%
interest in Saito's
?common stock. On January 2015, the book values of Saito's assets
and liabilites were
?were equal to fair values.
#1 Determine the book value of the common stockholders' equity for Saito Corporation on January 1, 2015
#2 What is the amount of goodwill reported on the consolidated
balance sheet for Panata Corporation ( and
?Subsidiary) at January 2, 2015.
Please help me. Thank you!
Homework Answers
Answer #1
Not the answer you're looking for?
Similar Questions
kroner company has the following stockholder's equity section: preferred stock. $ 10 par 86,000 common stock,$1.70...
kroner company has the following stockholder's equity
section:
preferred stock. $ 10 par 86,000
common stock,$1.70 par 340,000
retained earnings 2,014,000
paid in capital in excess of par preferred 35,000
paid in capital in excess of par common 20,000
total stockholder's equity 2,495,000
if the preferred stock has a call price of $15 per share, and
there are no dividends in arrears, what is the book value per share
of the common stock?
Raphael Corporation’s balance sheet shows the following stockholders’ equity section. Preferred stock—5% cumulative, $___ par value,...
Raphael Corporation’s balance sheet shows the following
stockholders’ equity section.
Preferred stock—5% cumulative, $___ par value, 1,000
shares
authorized, issued, and outstanding
$
50,000
Common stock—$___ par value, 4,000 shares authorized,
issued,
and outstanding
100,000
Retained earnings
370,000
Total stockholders' equity
$
520,000
1. What are the par values of the corporation’s
preferred stock and its common stock?
Par Value
Corporation's preferred stock
Corporation's common
stock
2. If no dividends are in arrears at the
current date, what is the...
Dividends on preferred stock. The stockholders' equity section of Lemay Corporation shows the following on December...
Dividends on preferred stock. The stockholders' equity section
of Lemay Corporation shows the following on December 31, 2015:
Preferred stock—5%, $100 par, 5,000 shares outstanding $
500,000
Common stock—$10 par, 60,000 shares outstanding 600,000
Paid-in capital in excess of par 200,000
Retained earnings 113,000
Total stockholders' equity $1,413,000
Instructions Assuming that all of the company's retained
earnings are to be paid out in dividends on 12/31/15 and that
preferred dividends were last paid on 12/31/13.
1. Show how much the...
hepner corporation has the following stockholders equity accounts. Preferred stock 7% cumulative dividends 530,000. common stock...
hepner corporation has the following stockholders equity
accounts. Preferred stock 7% cumulative dividends 530,000. common
stock 780,000. additional paid in capital 330,000. retained
earnings 980,000. The preferred stock is participating. Wasatch
corporation buys 75 percent of this common stock for $1,650,000 and
65 percent of the preferred stock for $650,000. The acquisition
date fair value of the non controlling interest in the common
shares was $550,000 and was $350,000 for the preferred shares. All
of the subsidiary's assets and liabilities...
On December 31, 2014, Andes Company had 1,500,000 shares of $10 par common stock issued and...
On December 31, 2014, Andes Company had 1,500,000 shares of $10
par common stock issued and outstanding. The stockholders’ equity
accounts at December 31, 2014,had the following balances.
Common Stock
$15,000,000
Additional Paid-in Capital
1,500,000
Retained Earnings
900,000
Transactions during 2015 and other information related to
stockholders’ equity accounts were as follows.
1. On January 10, 2015, Andes issued at $105 per share 100,000
shares of $100 par value,8% cumulative preferred stock.
2. On February...
Hepner Corporation has the following stockholders’ equity accounts: Preferred stock (7% cumulative dividend) $ 580,000 Common...
Hepner Corporation has the following stockholders’ equity
accounts:
Preferred stock (7% cumulative dividend)
$
580,000
Common stock
830,000
Additional paid-in capital
380,000
Retained earnings
1,030,000
The preferred stock is participating. Wasatch Corporation buys
70 percent of this common stock for $1,680,000 and 60 percent of
the preferred stock for $660,000. The acquisition-date fair value
of the noncontrolling interest in the common shares was $720,000
and was $440,000 for the preferred shares. All of the subsidiary’s
assets and liabilities are viewed...
Hepner Corporation has the following stockholders’ equity accounts: Preferred stock (5% cumulative dividend) $ 680,000 Common...
Hepner Corporation has
the following stockholders’ equity accounts:
Preferred stock
(5% cumulative dividend)
$
680,000
Common
stock
930,000
Additional
paid-in capital
480,000
Retained
earnings
1,130,000
The preferred stock is
participating. Wasatch Corporation buys 70 percent of this common
stock for $1,750,000 and 60 percent of the preferred stock for
$810,000. The acquisition-date fair value of the noncontrolling
interest in the common shares was $750,000 and was $540,000 for the
preferred shares. All of the subsidiary’s assets and liabilities
are viewed...
Hepner Corporation has the following stockholders’ equity accounts: Preferred stock (6% cumulative dividend) $ 750,000 Common...
Hepner Corporation has the following stockholders’ equity
accounts:
Preferred stock (6% cumulative dividend)
$
750,000
Common stock
1,000,000
Additional paid-in capital
550,000
Retained earnings
1,200,000
The preferred stock is participating. Wasatch Corporation buys
80 percent of this common stock for $1,880,000 and 70 percent of
the preferred stock for $910,000. The acquisition-date fair value
of the noncontrolling interest in the common shares was $470,000
and was $390,000 for the preferred shares. All of the subsidiary’s
assets and liabilities are viewed...
Hepner Corporation has the following stockholders’ equity accounts: Preferred stock (8% cumulative dividend) $ 660,000 Common...
Hepner Corporation has the following stockholders’ equity
accounts:
Preferred stock (8% cumulative dividend)
$
660,000
Common stock
910,000
Additional paid-in capital
460,000
Retained earnings
1,110,000
The preferred stock is participating. Wasatch Corporation buys
70 percent of this common stock for $1,820,000 and 60 percent of
the preferred stock for $810,000. The acquisition-date fair value
of the noncontrolling interest in the common shares was $780,000
and was $540,000 for the preferred shares. All of the subsidiary’s
assets and liabilities are viewed...
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...
ADVERTISEMENT
Need Online Homework Help?
Get Answers For Free
Most questions answered within 1 hours.
ADVERTISEMENT
Active Questions
asked 35 minutes ago
asked 35 minutes ago
asked 45 minutes ago
asked 47 minutes ago
asked 52 minutes ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 1 hour ago
asked 2 hours ago
asked 2 hours ago