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Question 46 During 2021, Stout Inc. had the following activities related to its financial operations: Carrying value of convertible preferred stock in Stout, ​ converted into common shares of Stout $ 540,000  Payment in 2021 of cash dividend declared in 2020 to ​ preferred shareholders 279,000  Payment for the early retirement of long-term bonds payable ​ (carrying amount $3,930,000) 3,975,000 Proceeds from the sale of treasury stock (on books at cost of $387,000) 450,000 The amount of net cash used in financing activities to appear in Stout's statement of cash flows for 2021 should be     $3,264,000.     $2,985,000.     $3,822,000.     $3,804,000.

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What is your company’s common and preferred stock par or stated value? 2019

Compute the following: 5. Assuming that on July 1, 2020, Kangaroo Company purchased its own share atP10.00. How much is the book value per share for the year 2020?6. Assuming that there is a cumulative and participating preference share, how thiswill affect the book value per share computation? Explain briefly.

Albay Company had the following shareholders' equity on Problem 23-16 (PHILCPA Adapted) January 1, 2020: Preference share capital, P100 par, 10% cumulative Ordinary share capital, no par, P5 stated value Share premium Retained earnings Treasury ordinary shares 2,000,000 5,150,000 3,500,000 4,000,000 400,000 On January 15, 2020, the entity formally retired all the 30,000 treasury shares. The treasury shares were originally issued at P10 per share. The entity owned 10,000 shares of Digos Company purchased for P800,000. The Digos shares were included in noncurrent equity securities. On December 31, 2020, the entity declared a dividend in kind of one share of Digos for every hundred ordinary shares held by a shareholder. The fair value of the Digos share is P90 on December 31, 2020. The dividend in kind was distributed on March 15, 2021 when the fair value of Digos share is P95. On December 31, 2020, the entity declared the yearly cash dividend on preference share, payable on January 15,…

How many shares of common and preferred stock does your company have: Authorized? Issued? Outstanding?

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 $18.31

Use the journal entry of George Weston Ltd's January 8, 2020, share issuance to answer these questions about the nature of the transaction 2020 Jan. 8 Cash Common Shares Capital To issue common shares at $50.00 per share (100.000 x $50 00) 5,000,000 5.000.000 1. If George Weston had sold the shares for $80, would the $30 (580-$50) be profit for George Weston? 2. Suppose the shares had been issued at different times and different prices. Will shares issued at higher prices have more nights than those issued at lower prices? Give the reason for your answer Requirement 1. If George Weston had sold the shares for $80, would the $30 ($80-$50) be profit for George Weston? The additional $30 per share would be allocated to It is and therefore, has !!! Ques

Chapter 15 Quiz Hide or show questions                             Question Content Area A partial listing of accounts and ending balances for Carver, Inc., on December 31, 2020, is shown below: Investments in long-term notes receivable $40,000 Bonds payable 300,000 Temporary investment in equity securities available for sale 120,000 Premium on bonds payable 26,000 Common stock 180,000 Subscriptions receivable: common stock 120,000 Additional paid-in capital from preferred stock conversion 24,000 Retained earnings 650,000 Preferred stock 300,000 Long-term investment in equity securities available for sale 150,000 Additional paid-in capital on common stock 910,000 Common stock subscribed 20,000 Goodwill 46,000 Donated capital 35,000 Preferred stock subscribed 50,000 Additional paid-in capital on preferred stock 45,000 Following is additional information relative to the above accounts: The preferred stock is 8% cumulative with par value of…

Financial accounting

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View Policies Current Attempt in Progress On December 31, 2021, Marigold, Inc. has 3800 shares of 6% $100 par value cumulative preferred stock and 60600 shares of $10 par value common stock outstanding. On December 31, 2021, the directors declare a $20500 cash dividend. The entry to record the declaration of the dividend would include: O a credit of $2300 to Cash Dividends. O a debit of $20500 to Common Stock. O a credit of $20500 to Dividends Payable. O a note in the financial statements that dividends of $4 per share are in arrears on preferred stock for 2021. Save for Later Attempts: 0 of 1 used Submit Answer

A corporation declared a cash dividend on its ordinary shares on Dec. 15, 2018, payable on Jan. 12, 2019. How would this dividend affect shareholders’ equity on the following dates? dec. 15, 2018        Dec 31, 2018        Jan. 12, 2019 A. Decrease             No effect              Decrease B. Decrease             No effect              No effect C. No effect             Decrease              No effect D. No effect            No effect              Decrease explain why the other choices are not the answers.

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