Cash versus stock dividend Milwaukee Tool has the following
stockholders' equity account. The firm's common stock...
Cash versus stock dividend Milwaukee Tool has the following
stockholders' equity account. The firm's common stock currently
sells for $3.98 per share.
Preferred stock
$91,000
Common stock
(100,000 shares at $1.07 par)
107,000
Paid-in capital in excess of par
211,000
Retained earnings
320,000
Total stockholders' equity
$729,000
a. Show the effects on the firm of a cash dividend of $0.10 per
share.
b. Show the effects on the firm of a 55% stock dividend.
c. Compare the effects in parts...
Cash versus stock dividend Milwaukee Tool has the following
stockholders' equity account. The firm's common stock...
Cash versus stock dividend Milwaukee Tool has the following
stockholders' equity account. The firm's common stock currently
sells for $3.57 per share.
Preferred stock
$ 94,000
Common stock
(400,000 shares at $1.01 par)
404,000
Paid-in capital in excess of par
214,000
Retained earnings
330000
Total stockholders' equity
$1,042,000
A. Show the effects on the firm of a cash dividend of
$05 per share.
b. Show the effects on the firm of a 55% stock dividend.
c. Compare the effects in...
The stockholders’ equity section of Pina Colada Corp. at
December 31 is as follows.
Pina Colada...
The stockholders’ equity section of Pina Colada Corp. at
December 31 is as follows.
Pina Colada Corp.
Balance Sheet(Partial)
Paid-in capital
Preferred
stock, cumulative, 10,000 shares authorized, 7,000 shares issued
and outstanding
$420,000
Common
stock, no par, 700,000 shares authorized, 570,000 shares
issued
1,140,000
Total paid-in capital
1,560,000
Retained earnings
1,858,000
Total paid-in
capital and retained earnings
3,418,000
Less: Treasury stock (12,000
common shares)
62,400
Total
stockholders’ equity
$3,355,600
From a review of the stockholders’ equity section, as chief
accountant,...
Average Common Stockholders' Equity, Return on Stockholders'
Equity
Rebert Inc. showed the following balances for last...
Average Common Stockholders' Equity, Return on Stockholders'
Equity
Rebert Inc. showed the following balances for last year:
January 1 December 31
Stockholders' equity:
Preferred stock, $100 par, 8% . $ 4,000,000 $ 4,000,000
Common stock, $3 par 3,000,000 3,000,000
Additional paid-in capital* 4,800,000 4,800,000
Retained earnings 4,000,000 4,250,000
Total stockholders' equity $15,800,000 $16,050,000
* For common stock only.
Rebert's net income for last year was $3,182,000.
Required:
1. Calculate the average common stockholders' equity.
$______
2. Calculate the return on...
Average Common Stockholders' Equity, Return on Stockholders'
Equity Rebert Inc. showed the following balances for last...
Average Common Stockholders' Equity, Return on Stockholders'
Equity Rebert Inc. showed the following balances for last year:
January 1 December 31 Stockholders' equity: Preferred stock, $100
par, 8% $ 4,000,000 $ 4,000,000 Common stock, $3 par 3,000,000
3,000,000 Additional paid-in capital* 4,800,000 4,800,000 Retained
earnings 4,000,000 4,250,000 Total stockholders' equity $15,800,000
$16,050,000 * For common stock only. Rebert's net income for last
year was $3,182,000. Required:
1. Calculate the average common stockholders' equity. $
2. Calculate the return on stockholders'...
Reporting Stockholders' Equity
Using the following accounts and balances, prepare the
Stockholders' Equity section of the...
Reporting Stockholders' Equity
Using the following accounts and balances, prepare the
Stockholders' Equity section of the balance sheet using Method 1 of
Exhibit 8. 40,000 shares of common stock authorized, and 2,000
shares have been reacquired.
Common Stock, $30 par $960,000
Paid-In Capital from Sale of Treasury Stock 38,000
Paid-In Capital in Excess of Par—Common Stock
256,000
Retained Earnings 557,000
Treasury Stock 24,000
Stockholders' Equity
Paid-In Capital:
Common Stock, $30 Par $960,000
Excess over par _________
Paid-in...
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...
Dividends for
Preferred and Common Stock
The Stockholders'
Equity category of Greenbaum Company's balance sheet as...
Dividends for
Preferred and Common Stock
The Stockholders'
Equity category of Greenbaum Company's balance sheet as of December
31, 2017, appeared as follows:
Preferred stock, $100 par, 9%
2,000 shares issued and outstanding
$200,000
Common stock, $10 par
40,000 shares issued and outstanding
400,000
Additional paid-in capital
500,000
Total contributed capital
$1,100,000
Retained earnings
900,000
Total stockholders' equity
$2,000,000
The notes to the
financial statements indicate that dividends were not declared or
paid for 2015 or 2016. Greenbaum...
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...
Stockholders’ Equity: Information and Entries from
Comparative Data
Comparative stockholders’ equity sections from two successive
years...
Stockholders’ Equity: Information and Entries from
Comparative Data
Comparative stockholders’ equity sections from two successive
years of balance sheets from Farrow, Inc., are as follows:
Dec. 31, 2018
Dec. 31, 2017
Paid-in Capital
8 Percent preferred stock, $40 par value, authorized 20,000
shares;
issued and outstanding, 2017: 10,000 shares; 2018: 12,000
shares
$480,000
$400,000
Common stock, no-par value, $5 stated value, authorized
80,000
shares; issued, 2017: 32,000 shares; 2018: 40,000 shares
200,000
160,000
Additional Paid-in Capital
In excess of par...