The following stockholders' equity accounts arranged alphabetically are in the ledger of Bramble Corporation at December 31, 202Common Stock ($5 stated value)Paid-in Capital from Treasury StockPaid-in Capital in Excess of Par-Preferred StockPaid-in Capital in Excess of Stated Value-Common StockPreferred Stock (8%, $50 par)Retained EarningsTreasury Stock (12,000 common shares)$2,000,00012.500665,0001,620,000775,0001,746,000156,000Prepare a stockholders' equity section at December 31, 2020. (Enter the account name only and do not provide the descriptive informatiprovided in the question) BRAMBLE CORPORATIONBalance Sheet (Partial)

Preferred stock (8%,50 par) = $775,000 Common stock ($5 stated value) = $2,000,000 Treasury stock -…

Answered: aid-in Capital in Excess of…

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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Contributed capital: Western Grass, Inc. Equity Section of Balance Sheet December 31, 2823 Preferred shares, $3 cumulative, 10,000 shares authorized, issued and outstanding Common shares, 100,000 shares authorized; 65,000 shares issued and outstanding Total contributed capital Retained earnings Total equity 75,000 552,500 627 500 581 000 $1,208,500 Required: Using the Information provided, calculate book value per common share assuming: (Round the final answers to 2 decimal places.) a. There are no dividends in arrears. b. There are three years of dividends in arrears. Book Value of Common Shares
Dividend constraints The Howe Company's stockholders' equity account is as follows: have been included as part of the $2.1 million retained earnings. a. What is the maximum dividend per share that the firm can pay? (Assume that legal capital includes all paid-in capital.) b. If the firm has $180,000 in cash, what is the largest per-share dividend it can pay without borrowing? The earnings available for common stockholders from this period's operations are $100,000, which c. Indicate the accounts and changes, if any, that will result if the firm pays the dividends indicated in parts a and b. d. Indicate the effects of an $80,000 cash dividend on stockholders' equity. a. The maximum dividend per share that the firm can is $ (Round to the nearest cent.)
Total assets Notes payable (6% interest) Common stock Preferred 2.5% stock, $100 par (no change during year) Retained earnings 20Y7 $5,200,000 2,500,000 250,000 Return on total assets December 31 20Y6 $5,000,000 2,500,000 250,000 500,000 1,222,000 500,000 1,574,000 < The 20Y7 net income was $411,000, and the 20Y6 net income was $462,500. No dividends on common stock were declared between 201 and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 20Y7. 20Y7 a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 20Y6 and 20Y7. Round percentages to one decimal place. 19.13 % X % 20Y5 $4,800,000 2,500,000 250,000 Return on stockholders' equity Return on common stockholders' equity h The profitability ratios indicate that the company's profitability has deteriorated % 500,000 750,000 20Y6 94.0 X % % % ✓. Because the return on common
Denger
Acquirer Shares Outstanding Target Shares Outstanding Acquirer Share Price Target Share Price Stock Consideration Cash Consideration Share Issuance Discount Tax Rate 917,712 991,813 1,000,000 25,000 $5.00 $10.00 Given the following data, calculate the pro forma number of shares outstanding (Rounding to the closest whole number). 1,081,633 1,261,613 $400,000 $200,000 2% 25%
Manisha
Presented below is information related to Sheridan Corporation: Common Stock, $1 par Paid-in Capital in Excess of Par-Common Stock 8 1/2% preferred Stock, $50 par Paid-in Capital in Excess of Par-Preferred Stock Retained Earnings Treasury Common Stock (at cost) $3480000 $6464000. $6315000. $7805000. $7954000. 555000 2040000 389000 1490000 149000 The total stockholders' equity of Sheridan Corporation is
P14-11M (change the current market price to $29 per share and the dividend percentage to 7.5% Cost of Preferred Stock Par value Current market price Dividend rate Dividend dollars Cost of Preferred Stock BO
A-7
M2
What are the adjusting entry in this problem?

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aid-in Capital in Excess of Par-Preferred Stock aid-in Capital in Excess of Stated Value-Common Stock referred Stock (8%, $50 par) etained Earnings 665,000 1.620,000 775,000 1,746,000