Nov 15 Retained Earnings Dec 20 Dividends Payable Dividend declared on preferred stock Dividends Payable Cash Recording payment of dividend 4500 9500
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- Dividends and treasury stock еВook 5. PE.13.05A.BLANKSHEET Dec. 31 09,000pec. 31 DIVIuenu balance 14,879,000 6. PE.13.05B Prepare a statement of stockholders' equity for the year ended December 31, 20Y9. If an amount box does not require an entry, leave it blank. Also, if an amount reduces Stockholders' Equity, then add "minus" sign. 7. PE.13.06A I-Cards Inc. Statement of Stockholders' Equity 8. PE.13.06B For the Year Ended December 31, 20Y9 9. PE.13.07A.BLANKSHEET Common Paid-In Stock Capital in 10. PE.13.07B Treasury Retained $40 Par Excess of Par Stock Earnings Total 11. EX.13.13 Balance, Jan. 1, 20Y9 4,800,000 V 960,000 11,375,000 17,135,000 12. EX.13.14 Issued 30,000 shares of Common Stock 1,200,000 V 300,000 1,500,000 Purchased 12,000 shares as Treasury Stock -480,000 x -552,000 V 13. EX.13.15 Net Income 3,780,000 3,780,000 V 14. EX.13.17 Dividends -276,000 -276,000 6,000,000 -552,000 14,879,000 V Balance, Dec. 31, 20Y9 1,260,000 21,587,000 15. EX.13.18 16. EX.13.19 Feedback…Un=nttps%253A%252F%252Flms.mheducation.com%252F... Pa hapter 16, 17, 18) 6 Saved Help Save & Exit Submit The shareholders' equity section of Time Company's comparative balance sheets for the years ended December 31, 2021 and 2020, reported the following data: ($ in millions) 2021 2020 $600 300 600 $612 Common stock, $1 par per share Paid-in capital-excess of par Retained earnings 348 628 During 2021, Time declared and paid cash dividends of $90 million. The company also declared and issued a small stock dividend. No other changes occurred in shares outstanding during 2021. What was Time's net income for 2021? Multiple Choice $28 million $130 million $118 million Next 30 of 39 < Prev Question no...pages nagesPROVIDE COMPUTATIONS!!! 10. What is the book value of the preference shares on December 31, 2018?a. P105 c. P100b. P110 d. P11511. What is the book value of the ordinary shares on December31 2018?a. P13.40 c. P14.15b. P14.52 d. P13.78
- A B C O 144.67 O 141.67 O $133.81 Stock O 131.81 Shares 1,000 5,000 3,000 Based on Table 3 the three securities comprise an index. Calculate the market value weighted index for time period t+1? Price_t $45 $24 $15 Price_t+1 $64 $26 $29Note 25, “Share Repurchase,” provides the information we need to reconstruct thejournal entry that summarizes Target’s share repurchases in the year endedJanuary 30, 2016. Provide that entry. Does Target account for share repurchases astreasury stock or retired shares? Explain.US Kimmel Financial AccountingI, Se Hele I Sestem Announcoments Problem 11-2A (Part Level Submission) The stockholders' equity accounts of Ayayai Corp. on January 1, 2017, were as follows. Preferred Stock (7%, $100 par noncumulative, 5,000 shares authorized) Common Stock ($4 stated value, 300,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock $300,000 1,000,000 15,000 480,000 Retained Earnings 691,500 Treasury Stock (5,000 common shares) 40,000 During 2017, the corporation had the following transactions and events pertaining to its stockholders' equity. Issued 5,000 shares of common stock for $35,000. Purchased 1,000 additional shares of common treasury stock at $8 per share. Declared a 7% cash dividend on preferred stock, payable November 1. Feb. 1 Mar. 20 Oct. 1 Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.55 per share cash dividend to common stockholders of record on December…
- Ch12.3 Variour Inc recently completed its stock take and have provided you the below informationCategoryUnits inInventoryCost perunit NRV per unitWA1 85 $105.00 $100.00WB1 110 $80.00 $85.00WC1 135 $190.00 $195.00WD1 150 $45.00 $50.00WE1 165 $200.00 $190.00Required:Calculate the total value of Kentex' closing Inventory1.What is the EPS for 2016?a.1.82b.1.30c.1.63d.1.47 2.What is the weighted number of outstanding ordinary shares for 2017?a.310.5Mb.291.87Mc.270Md.285.78MStockholders' Equity Transactions, Journal Entries, and T-Accounts The stockholders' equity of Fremantle Corporation at January 1 follows: 8 Percent preferred stock, $90 par value, 20,000 shares authorized; 4,000 shares issued and outstanding $360,000 Common stock, $3 par value, 10,000 shares authorized; 40,000 shares issued and outstanding 120,000 Paid-in capital in excess of par value-Preferred stock 200,000 Paid-in capital in excess of par value-Common stock 800,000 Retained earnings 550,000 Total Stockholders' Equity $2,030,000 The following transactions, among others, occurred during the year: Jan. 1 Announced a 2-for-1 common stock split, reducing the par value of the common stock to $1.50 per share. Mar. 31 Converted $60,000 face value of convertible bonds payable (the book value of the bonds was $63,000) to common stock. Each $1,000 bond converted to 125 shares of common stock. June 1 Acquired equipment with a fair market value of $50,000 in exchange for 300 shares of preferred…
- Question 12 Stock at Retail (Shown in Millions) BOS/BOM STOCK SALES (-) RECEIPTS (+) MARKDOWNS (-) EOM/EOS STOCK = 01 Feb 02 Mar 03 Apr $13,780.00 $2,988.90 $4,124.50 $5,788.30 $4,933.90 $1,584.70 $1,349.52 $14,994.70 $14,454.58 Based on the report above, what was the Turnover? 04 May 05 Jun $14,994.70 $14,454.58 $14,218.31 $14,352.13 $13,290.67 $3,789.90 $3,674.10 $4,257.80 $3,786.70 $4,710.00 $4,803.20 $4,918.60 $4,545.90 $1,173.90 $1,156.37 $995.28 $1,722.26 $14,218.31 $14,352.13 $13,290.67 $12,875.97 06 Jul Hint: Turnover is usually expressed as a whole number carried out to one decimal place.Question 15 of 17 Marigold Corp. had the following information in its financial statements for the year ended 2020 and 2021: Common cash dividends for the year $19700 2021 Net income for the year ended 2021 127000 Market price of stock, 12/31/21 24 Common stockholders' equity, 12/31/20 2150000 Common stockholders' equity, 12/31/21 2740000 Outstanding shares, 12/31/21 147000 Preferred dividends for the year ended 29900 2021 What is the book value per share for Marigold Corp. for the year ended 2021? O $18.64 O $14.63 O $18.44 O $18.3123. Excel Solution Given $100,000 to invest, construct a value-weighted portfolio of the four stocks listed below. Stock Golden Seas Jacobs and Jacobs Price/Share ($) 13 22 Number of Shares Outstanding (millions) 1.00 1.25
