F1QOriole Corporation's December 31, 2020 balance sheet showed the following:8% preferred stock, $10 par value, 53000 sharesauthorized; 43000 shares issued$430000Common stock, $10 par value, 4640000 shares authorized;4540000 shares issued, 4500000 shares outstanding45400000Paid-in capital in excess of par-preferred stock125600Paid-in capital in excess of par-common stock54250000Retained earnings15390000Treasury stock (53000 shares)1270000Oriole's total stockholders' equity wasO $100205600.O $116865600.O $115595600.O $114325600.MacBook Air20F6F3@2F2WS#3ED$4F4R%5FF5T6GY&710F7H* 00UDIIFBJ9

Shareholders equity also known as net worth is the amount contributed by the owners into the…

8% preferred stock, $10 par value, 53000 shares authorized; 43000 shares issued Common stock, $10 par value, 4640000 shares authorized; 4540000 shares issued, 4500000 shares outstanding Paid-in capital in excess of par-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (53000 shares) Oriole's total stockholders' equity was O $100205600. O $116865600. O $115595600. O $114325600. $430000 45400000 125600 54250000 15390000 1270000

8% preferred stock, $10 par value, 53000 shares authorized; 43000 shares issued Common stock, $10 par value, 4640000 shares authorized; 4540000 shares issued, 4500000 shares outstanding Paid-in capital in excess of par-preferred stock Paid-in capital in excess of par-common stock Retained earnings Treasury stock (53000 shares) Oriole's total stockholders' equity was O $100205600. O $116865600. O $115595600. O $114325600. $430000 45400000 125600 54250000 15390000 1270000

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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Requirement 1. ldentify the different classes of stock that Thoughtful Comfort Specialists has outstanding. Thoughtful has preferred stock and common stock outstanding. Requirement 2. What is the par value per share of Thoughtful Comfort Specialists' preferred stock? The par value of preferred stock is per share. Requirement 3. Make two summary journal entries to record issuance of all the Thoughtful Comfort Specialists' stock for cash. Explanations are not required. (Record debits first, then credits. Exclude explanations from any journal entries.) Begin by recording the issuance of the preferred stock. Date Accounts Debit Credit Cash Preferred Stock Next, record the issuance of the common stock. Date Accounts Debit Credit Cash Common Stock-S1 Par Value Paid-In Capital in Excess of Par-Common Requirement 4. No preferred dividends are in arrears. Journalize the declaration of a $ 600,000 dividend at June 30, 2018, and the payment of the dividend on July 20, 2018. Use separate Dividends…
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The stockholders’ equity of Cyclone Corporation at January 1 follows: 6 Percent preferred stock, $10 par value, 40,000 shares authorized; 25,000 shares issued and outstanding $250,000 Common stock, $1 par value, 300,000 shares authorized; 80,000 shares issued and outstanding 80,000 Paid-in capital in excess of par value—Common stock 560,000 Retained earnings 830,000 Total Stockholders’ Equity $1,720,000 The following transactions, among others, occurred during the year: June 18 Declared a 60 percent stock dividend on all outstanding shares of common stock. The market value of the stock was $14 per share. July 1 Issued the stock dividend declared on June 18. Dec. 20 Declared the annual cash dividend on the preferred stock and a cash dividend of $1.60 per share on the common stock, payable on January 20 to stockholders of record on December 28. Required a. Prepare journal entries to record the foregoing transactions. General Journal Date…
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Selected Stock Transactions The following selected accounts appear in the ledger of Parks Construction Inc. at the beginning of the current year: Preferred 2% Stock, $100 par (70,000 shares authorized, 35,000 shares issued) $3,500,000 Paid-In Capital in Excess of Par—Preferred Stock 420,000 Common Stock, $20 par (800,000 shares authorized, 270,000 shares issued) 5,400,000 Paid-In Capital in Excess of Par—Common Stock 700,000 Retained Earnings 21,242,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: Issued 80,000 shares of common stock at $26, receiving cash. Issued 18,000 shares of preferred 2% stock at $115. Purchased 48,000 shares of treasury common for $23 per share. Sold 24,000 shares of treasury common for $26 per share. Sold 16,000 shares of treasury common for $21 per share. Declared cash dividends of $2.00 per share on preferred stock and $0.04 per share on common stock.…
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Question: How many preference shares were issued and outstanding? How many ordinary shares were issued and outstanding?
asap Bramble Corporation’s December 31, 2020 balance sheet showed the following: 7% preferred stock, $20 par value, 18300 shares authorized; 13300 shares issued $ 266000 Common stock, $10 par value, 1930000 shares authorized; 1880000 shares issued, 1860000 shares outstanding 18800000 Paid-in capital in excess of par—preferred stock 59500 Paid-in capital in excess of par—common stock 24900000 Retained earnings 7670000 Treasury stock (19800 shares) 623700 Bramble’s total stockholders’ equity was $44051800. $51695500. $52331800. $51071800.
Coronado Corporation’s December 31, 2020 balance sheet showed the following: 9% preferred stock, $20 par value, cumulative, 15100 shares authorized; 5100 shares issued $ 102000 Common stock, $10 par value, 1010000 shares authorized; 960000 shares issued, 930000 shares outstanding 9600000 Paid-in capital in excess of par—preferred stock 28000 Paid-in capital in excess of par—common stock 11460000 Retained earnings 3790000 Treasury stock (15100 shares) 317100 Coronado’s total paid-in capital was $20872900. $11240000. $21190000. $21507100.