lement 6T TinancialSTATEMENTS OF CHANGES IN STOCKHOLDERS' EQUITYFor the Year Ended December 31, 2019(In Philippine Peso)20192018Capital StockCommon Stock(20,000 outstanding shares @P100.00 par value)Retained Earnings, Beginning2,000,0001,000,0001,686,000520,000Add: Net Income1,575,0001,166,000Total3,261,0001,686,000Less: Dividends Paid1,500,000Retained Earnings, End1,761,0001,686,000Stockholders' Equity, End3,761,0002,686,000Using the above Statement of Changes in Stockholders' Equity, Please answer the following with supportingsolutions.1. How many additional shares were issued by the company in year 2019?2. How many outstanding shares of stocks in year 2019?-. How many percent was the increase in net income from 2018 to year 2019?- How much dividend was paid in year 2019?How much dividend was received by each share of stock in 2019?How many percent was the increase in total stockholders' equity?

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,715,000 $2,437,000 Preferred dividends $50,000 $50,000 Average number of common shares outstanding 90,000 shares 110,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y5 20Y6 Earnings per Share $fill in the blank 1 $fill in the blank 2 b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?
Analyzing EPS through Financial Statement Presentation Sundry Inc. reported the following information in its consolidated statement of earnings for the fiscal year ended January 31. Required a. Estimate the average number of common shares outstanding for its fiscal year ended January 31. Note: Round your answer to the nearest whole share (in millions). ✓ million shares. b. Does the company have a simple or a complex capital structure? ✓ capital structure. c. If diluted weighted-average common shares were 1,547 million, recompute diluted EPS. d. Based on part c, what type(s) of dilutive securities would we assume the company reported in its financial statements? Stock plans Convertible securities
Complete the table. (Round earnings per share to 2 decimal places, e.g. $2.66.) Income before interest and taxes Interest expense from bonds Income before income taxes Income tax expense (40%) Net income Outstanding shares Earnings per share $ $ Issue Stock $1,584,000 $ $ Issue Bonds $1,584,000 140800 528,000
Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,761,000 $2,555,500 Preferred dividends $60,000 $60,000 Average number of common shares outstanding 90,000 shares 115,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y5 20Υ6 Earnings per Share $ b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable?
Stockholder Profitability Ratios The following information pertains to Montague Corporation: Net income $60,000 Average common equity $1,500,000 Preferred dividends $7,500 Average common shares outstanding 100,000 Required: Calculate the return on common equity and the earnings per share. Round your answers to two decimal places. Return on common equity fill in the blank 1 % Earnings per share $fill in the blank 2 per share
Earnings Per Share Financial statement data for the years ended December 31 for Cottontop Corporation follow: 20Y3 20Y2 Net income Preferred dividends Average number of common shares outstanding 95,000 shares a. Determine the earnings per share for 20Y3 and 20Y2. Round your answers to two dectmal places. per share 20Y2 per share b. Does the change in the earnings per share from 20Y2 to 20Y3 indicate a favorable or unfavorable trend?
A corporation purchases 41500 shares of its own $30 par common stock for $45 per share, recording it at cost. What will be the effect on total stockholders’ equity? Increase by $1245000 Decrease by $1867500 Increase by $1867500 Decrease by $1245000
Cash versus stock dividend Milwaukee Tool has the following stockholders' equity account. The firm's common stock currently sells for $4.14 per share. Preferred stock Common stock (300,000 shares at $0.93 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity a. Show the effects on the firm of a cash dividend of $0.20 per share. b. Show the effects on the firm of a 1% stock dividend. c. Compare the effects in parts a and b. What are the significant differences between the two methods of paying dividends? a. The balance in preferred stock after the $0.20 cash dividend is $ (Round to the nearest dollar.) $ 99,000 279,000 184,000 390,000 $952,000
Financial statement data for the years ended December 31 for Cottontop Corporation follow: 20Y3 20Y2 Net income $768,750 $627,750 Preferred dividends $117,000 $117,000 Average number of common shares outstanding 55,000 shares 45,000 shares a. Determine the earnings per share for 20Y3 and 20Y2. Round your answers to two decimal places. 20Y3 $fill in the blank 1 per share 20Y2 $fill in the blank 2 per share b. Does the change in the earnings per share from 20Y2 to 20Y3 indicate a favorable or unfavorable trend?
Norling Corporation reports the following information: Net income Dividends on common stock Dividends on preferred stock Weighted average common shares outstanding Norling should report earnings per share of O $1.50. O $1.80 O $2.20. O $2.50. $500,000 140,000 60,000 200,000
Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,516,000 $2,425,000 Preferred dividends $60,000 $60,000 Average number of common shares outstanding 80,000 shares 110,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places.
Earnings per share Financial statement data for the years 20Y5 and 20Y6 for Black Bull Inc. follow: 20Y5 20Y6 Net income $1,761,000 $2,532,500 Preferred dividends $60,000 $60,000 Average number of common shares outstanding 90,000 shares 115,000 shares a. Determine the earnings per share for 20Y5 and 20Y6. Round to two decimal places. 20Y5 20Y6 Earnings per Share $fill in the blank 1 $fill in the blank 2 b. Is the change in the earnings per share from 20Y5 to 20Y6 favorable or unfavorable? fill in the blank

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