On January 1, 2018,
Gerlach Inc. had the following account balances in its
shareholders' equity accounts....
On January 1, 2018,
Gerlach Inc. had the following account balances in its
shareholders' equity accounts.
Common stock, $1 par, 257,000 shares issued
257,000
Paid-in capital
- excess of par, common
514,000
Paid-in capital
- excess of par, preferred
135,000
Preferred stock,
$100 par, 13,500 shares outstanding
1,350,000
Retained
earnings
2,700,000
Treasury stock,
at cost, 5,700 shares
28,500
During 2018, Gerlach Inc. had several transactions relating to
common stock.
January
15:
Declared a property
dividend of 100,000 shares of Slowdown...
On January 1, 2018, Fascom had the following account balances in
its shareholders' equity accounts.
Common...
On January 1, 2018, Fascom had the following account balances in
its shareholders' equity accounts.
Common stock, $1 par, 250,000 shares issued 250,000
Paid-in capital—excess of par, common 500,000
Paid-in capital—excess of par, preferred 100,000
Preferred stock, $100 par, 10,000 shares outstanding
1,000,000
Retained earnings 2,000,000
Treasury stock, at cost, 5,000 shares 25,000
During 2018, Fascom Inc. had several transactions relating to
common stock.
1. January 15: Declared a property dividend of 100,000 shares of
Slowdown Company (book value $10...
On January 1, 2018, Walker Corporation had the following account
balances:
Common stock, $1 par, 250,000...
On January 1, 2018, Walker Corporation had the following account
balances:
Common stock, $1 par, 250,000 shares issues 250,000
Paid-in-capital - excess of par, common 500,000
Preferred stock, $100 par, 10,000 shares outstanding
1,000,000
Paid-in-capital - excess of par, preferred 100,000
Retained Earnings 2,000,000
Treasury stock, at cost, 5,000 shares 25,000
During 2018, the following transactions occurred relating to
common stock:
1/15/18 - Declared a property dividend of 100,000 shares of
Wagner Company (book value $10 per share; fair value...
On January 1, 2017, Agassi Corporation had the following
stockholders’ equity accounts.
Common Stock ($10 par...
On January 1, 2017, Agassi Corporation had the following
stockholders’ equity accounts.
Common Stock ($10 par value, 50,000 shares issued and
outstanding)
$500,000
Paid-in Capital in Excess of Par—Common Stock
493,000
Retained Earnings
616,000
During 2017, the following transactions occurred.
Jan. 15
Declared and paid a $1.05 cash dividend per share to
stockholders.
Apr. 15
Declared and paid a 10% stock dividend. The market price of the
stock was $13 per share.
May 15
Reacquired 1,800 common shares at a...
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...
Changes in Shareholders' Equity On January 1, 2016, the Osgood
Film Studios reported the following alphabetical...
Changes in Shareholders' Equity On January 1, 2016, the Osgood
Film Studios reported the following alphabetical list of
shareholders' equity items: Additional paid-in capital on common
stock $158,950 Additional paid-in capital on preferred stock 19,400
Common stock, $2 par 74,800 Preferred stock, $100 par 97,000
Retained earnings 238,000
During 2016, the company sold 2,700 shares of common stock for
$14 per share and 250 shares of preferred stock for $129 per share.
It also earned income of $81,000 and paid...
Exercise 11-12
The stockholders’ equity accounts of Blossom Company on January
1, 2022, were as follows....
Exercise 11-12
The stockholders’ equity accounts of Blossom Company on January
1, 2022, were as follows.
Preferred Stock (9%, $100 par noncumulative, 5,000 shares
authorized)
$475,000
Common Stock ($10 stated value, 800,000 shares authorized)
1,560,000
Paid-in Capital in Excess of Par Value—Preferred Stock
56,000
Paid-in Capital in Excess of Stated Value —Common Stock
820,000
Retained Earnings
760,000
Treasury Stock (8,300 common shares)
66,400
During 2022, the corporation had the following transactions and
events pertaining to its stockholders’ equity.
Mar
1...
Statement of Shareholders' Equity
At the end of 2017, Jeffco Inc. had the following equity
accounts...
Statement of Shareholders' Equity
At the end of 2017, Jeffco Inc. had the following equity
accounts and balances:
Common shares, no par (175,000 shares issued and
outstanding)
$1,926,400
Retained earnings
310,000
During 2018, Jeffco engaged in the following transactions
involving its equity accounts:
Issued 8,000 common shares for $35 per share.
Issued 1,000 shares of 9%, $120 stated value preferred shares at
$125 per share.
Declared and paid cash dividends of $15,000.
Repurchased and cancelled 500 common shares for $52...
The shareholders’ equity of Core
Technologies Company on June 30, 2015, included the following:
Common stock,...
The shareholders’ equity of Core
Technologies Company on June 30, 2015, included the following:
Common stock, $1
par; authorized, 8 million shares;
issued and outstanding, 3 million
shares
$
3,000,000
Paid-in
capital—excess of par
12,000,000
Retained
earnings
19,000,000
On April 1, 2016, the board of directors of Core Technologies
declared a 10% stock dividend on common shares, to be distributed
on June 1. The market price of Core Technologies’ common stock was
$34 on April 1, 2016, and $44 on...
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...