Ringmeup, Inc., had net income of $176,900 for the year ended
December 31, 2016. At the...
Ringmeup, Inc., had net income of $176,900 for the year ended
December 31, 2016. At the beginning of the year, 39,000 shares of
common stock were outstanding. On May 1, an additional 16,000
shares were issued. On December 1, the company purchased 4,500
shares of its own common stock and held them as treasury stock
until the end of the year. No other changes in common shares
outstanding occurred during the year. During the year, Ringmeup,
Inc., paid the annual...
Pfizer company reported the following information as of December
31, 2016:
Net income, $500,000
Number of...
Pfizer company reported the following information as of December
31, 2016:
Net income, $500,000
Number of issued common shares, 225,000 shares
Common stock (par value of $2 per share), $450,000
Number of authorized common shares, 400,000
Number of treasury shares, 25,000
No shares were issued or repurchased during 2016.
How much would Pfizer report as its earnings-per-share (EPS) for
2016?
If Pfizer repurchases 30,000 additional shares of treasury stock
during 2017, what would be the number of shares
outstanding as...
The following information is available from Gray Co.'s
accounting records for the year ended December 31,...
The following information is available from Gray Co.'s
accounting records for the year ended December 31, 2016 (amounts in
millions):
Cash dividends declared and paid
$
525
Retirement of bonds payable at maturity
300
Interest and taxes paid
220
Proceeds of common stock issued
825
Proceeds from the sale of land
250
Collections from customers
4,720
Cash paid to suppliers and employees
?
Purchase of buildings and equipment
?
a. The net cash provided by operating
activities for Gray Co....
Ringmeup Inc. had net income of $101,800 for the year ended
December 31, 2019. At the...
Ringmeup Inc. had net income of $101,800 for the year ended
December 31, 2019. At the beginning of the year, 44,000 shares of
common stock were outstanding. On May 1, an additional 11,000
shares were issued. On December 1, the company purchased 4,100
shares of its own common stock and held them as treasury stock
until the end of the year. No other changes in common shares
outstanding occurred during the year. During the year, Ringmeup
paid the annual dividend...
Flounder Company reported the following amounts in the
stockholders’ equity section of its December 31, 2016,...
Flounder Company reported the following amounts in the
stockholders’ equity section of its December 31, 2016, balance
sheet.
Preferred stock, 11%, $100 par (10,000 shares authorized, 2,100
shares issued)
$210,000
Common stock, $5 par (91,000 shares authorized, 18,200 shares
issued)
91,000
Additional paid-in capital
130,000
Retained earnings
448,000
Total
$879,000
During 2017, Flounder took part in the following transactions
concerning stockholders’ equity.
1.
Paid the annual 2016 $11 per share dividend on preferred stock
and a $2 per share dividend...
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...
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 following are Marin Corp.’s comparative balance sheet
accounts at December 31, 2017 and 2016, with...
The following are Marin Corp.’s comparative balance sheet
accounts at December 31, 2017 and 2016, with a column showing the
increase (decrease) from 2016 to 2017.
COMPARATIVE BALANCE SHEETS
2017
2016
Increase
(Decrease)
Cash
$813,400
$705,900
$107,500
Accounts receivable
1,123,400
1,156,600
(33,200
)
Inventory
1,863,500
1,731,800
131,700
Property, plant, and equipment
3,302,300
2,988,100
314,200
Accumulated depreciation
(1,162,900
)
(1,033,700
)
(129,200
)
Investment in Myers Co.
307,100
276,600
30,500
Loan receivable
252,200
—
252,200
Total assets
$6,499,000
$5,825,300
$673,700
Accounts...
On December 31, 2016, Crane Company had 1,315,000 shares of $6
par common stock issued and...
On December 31, 2016, Crane Company had 1,315,000 shares of $6
par common stock issued and outstanding. At December 31, 2016,
stockholders’ equity had the amounts listed here.
Common Stock
$7,890,000
Additional Paid-in Capital
1,905,000
Retained Earnings
1,210,000
Transactions during 2017 and other information related to
stockholders’ equity accounts were as follows.
1.
On January 10, 2017, issued at $114
per share 130,000 shares of $104 par value, 7% cumulative preferred
stock.
2.
On February 8, 2017, reacquired
10,400 shares...