A corporation purchases 5,000 shares of its own $2 par common stock, originally issued at par, for $8 per share. What are cash flows from financing?
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A corporation purchases 5,000 shares of its own $2 par common stock, originally issued at par, for $8
per share. What are
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- Paid dividends of $1.50 per share. There were 1000000 shares issued and 120000 shares of treasury stock. How much cash was paid?The balance sheet for Tempest, Inc., is shown here in market value terms. There are 29,000 shares of stock outstanding. Market Value Balance Sheet Cash Fixed assets $156,000 560,010 Equity $716,010 Total $ 716,010 Total $716,010 The compay has announced it is going to repurchase $49,300 worth of stock instead of paying a dividend of $1.70. a. What effect will this transaction have on the equity of the firm? (Input the answer as positive value. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) b. How many shares will be outstanding after the repurchase? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c. What will the price per share be after the repurchase? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. The transaction will b. New shares outstanding c. Share price shareholders' equity byHaving issue with this problem. Thank you
- Please quickly just say the correct answer. Don't explain ! On May 12, HK Corporation was formed with the capital of 300.000 TL by issuing 300.000 shares of stock with " 1 par value. Stocks were sold for 1.30 TL each, 3.00Ó TL commission was charged for selling stocks and the remaining receipts were deposited to the bank account of the business. а. 387.000 TL debit to 102-Bank; 3.000 TL debit to 653-Com. Expense and 300.000 TL credit to 110- Stocks; 90.000 TL credit to 520-A. Paid-in Capital b. 387.000 TL debit to 102-Bank; 3.000 TL debit to 653-Com. Expense and 300.000 TL credit to 501- Unpaid Capital; 90.000 TL credit to 520-A. Paid-in Capital С. 390.000 TL debit to 102-Bank and 300.000 TL credit to 501-Unpaid Capital; 87.000 TL credit to 520-A. Paid-in Capital; 3.000 TL credit to 653- Com. Expense d. 387.000 TL debit to 102-Bank; 3.000 TL debit to 653-Com. Expense and 300.000 TL credit to 110- Stocks; 90.000 TL credit to 645-MS Capital GainWhich of the following would affect shareholders' equity? Group of answer choices A company borrows $100 million and buys $100 million in equipment. A company sells $100 million in assets for $100 million cash. A company receives payment for $100 million in accounts receivable. A company pays $100 million to shareholders as a dividend.Reese Co. pays a cash dividend to its stockholders in the amount of $50,000 the payment on the dividend will cause
- HelpTom Yuppy, a wealthy investor, paid $49,920 for 1,280 shares of $10 par common stock issued to him by Leuig Corp. A month later, Leuig Corp. issued an additional 2,560 shares of stock to Yuppy for $39 per share. Required Show the effect of the two stock issues on Leuig's books in a horizontal statements model. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). If an element was not affected by the event, leave the cell blank. LEUIG CORP. Horizontal Statements Model Balance Sheet Income Statement Statement of Cash Assets Stockholders' Equity Revenue Expense = Net Income Flow Event Common PIC in Cash Land Stock Excess 1- Common stock 2- Issue of additional shares2
- A shareholder owns 20,000 shares costing P 1,000,000. Subsequently, the shareholders receive P 4,000 shares in lieu of cash dividend of P 120 per share. The Market value is P 150.What is the amount of dividend income? a. Zerob. 3,000,000c. 2,400,000d. 600,000Malit Corporation has a total shareholders' equity of P1,000,000, including retained earnings of P190,000. The cash balance is P350,000. The maximum cash dividend the corporation can declare and pay is4: The board of directors of Energy Manufacturing is in the process of declaring a cash dividend of $2 per share. Energy Mfg. is authorized to issue 200,000 shares of common stock. The company has issued 125,000 shares to date, and has reacquired 15,000 shares, which are held in treasury. a. How many shares of common stock are eligible to receive a dividend? b. Assume that the board declares the dividend. Prepare the appropriate journal entries on the (1) date of declaration, (2) date of record, and (3) date of payment.
