As of December 31, 2024, Warner Corporation reported the following: Cash dividends payable $ 20,000 Treasury stock 600,000 Paid-in capital—share repurchase 20,000 Common stock and other paid-in capital accounts 4,000,000 Retained earnings 3,000,000 What was shareholders' equity as of December 31, 2024?
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As of December 31, 2024, Warner Corporation reported the following:
| Cash dividends payable | $ 20,000 |
|---|---|
| 600,000 | |
| Paid-in capital—share repurchase | 20,000 |
| Common stock and other paid-in capital accounts | 4,000,000 |
| 3,000,000 |
What was shareholders' equity as of December 31, 2024?
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- Bridgeport Inc. has the following selected financial data: Net income Total assets Preferred shares, 3%, cumulative Common shares Retained earnings Accumulated other comprehensive income Total shareholders' equity Cash dividends paid in the year Market price of common shares Weighted average number of common shares There were no preferred dividends in arrears. 2023 $727,000 5,109,000 601,000 327,000 2,784,000 134,000 3,846,000 124,000 $96.98 77,000 2022 $686,000 4,498,000 601,000 327,000 2,181,000 119,400 3,228,400 168,400 $62.36 77,000On January 1, 2021, Fascom had the following account balances in its shareholders' equity accounts. Common stock, $1 par, 250,000 shares issued $ 250,000 Paid-in capital—excess of par, common 500,000 Paid-in capital—excess of par, preferred 100,000 Preferred stock, $100 par, 10,000 shares outstanding 1,000,000 Retained earnings 2,000,000 Treasury stock, at cost, 5,000 shares 25,000 During 2021, Fascom Inc. had several transactions relating to common stock. January 15: Declared a property dividend of 100,000 shares of Slowdown Company (book value $10 per share, fair value $9 per share). February 17: Distributed the property dividend. April 10: A 2-for-1 stock split was declared and distributed on outstanding common stock and effected in the form of a stock dividend. (Fascom chose to reduce Paid-in capital—excess of par.) The fair value of the stock was $4 on this date. July 18: Declared and distributed a 3%…The following information is from the balance sheet of Tudor Corporation as of December 31, 2014. Preferred stock, $100 par $500,000 Paid-in capital in excess of par-preferred $35,000 Common stock, $1 par $190,000 Paid-in capital in excess of par-common $380,000 Retained earnings $131,500 Total stockholders' equity $1.236.500 What was the total paid-in capital (Contributed Capital) as of December 31, 2014? A. $1,236,600 B. $1,105,000 C. $956,000 D. $131.500
- Listed below are the transactions that affected the shareholders' equity of Branch - Rickie Corporation during the period 2024-2026. At December 31, 2023, the corporation's accounts included: ($ in thousands) Common stock, 108 million shares at $1 par $ 108,000 Paid - in capital-excess of par 648,000 Retained earnings 870,000 November 1, 2024, the board of directors declared a cash dividend of $0.90 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. On March 1, 2025, the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch - Rickie was holding as an investment. The bonds had a fair value of $2.3 million, but were purchased two years previously for $2.0 million. Because they were intended to be held to maturity, the bonds had not been previously written up. The property dividend was payable to shareholders of record March 13, to be distributed April 5. On July 12, 2025, the…Alcantara Corporation had the following information in its financial statements for the years ended 2010 and 2011:Cash dividends for the year 2011 $ 8,000Net income for the year ended 2011 93,000Market price of shares, 12/31/10 10Market price of shares, 12/31/11 12Ordinary shareholders' equity, 12/31/10 1,600,000Ordinary shareholders' equity, 12/31/11 1,800,000Outstanding shares, 12/31/11 150,000Preference dividends for the year ended 2011 15,000a. What is the payout ratio for Alcantara Corporation for the year ended 2011?b. What is the book value per share for Alcantara Corporation for the year ended 2011?The shareholders' equity of Sarikas Company includes the items shown below. The board of directors of Sarikas declared cash dividends of $3.7 million, $6.0 million, and $52.8 million in each of its first three years of operation: 2022, 2023, and 2024, respectively. Common stock, $1 par, 50,000,000 shares outstanding Preferred stock, 6%, $100 par, 1,000,000 shares outstanding Required: Determine the amount of dividends per share on preferred and common stock for each of the three years. The preferred stock is cumulative and nonparticipating. Note: Round your final answers to 2 decimal places. Year 2022 $ Preferred Common 3.70 Per share $ 0.00 Per share 2023 2024 $ 6.00 Per share $ 0.00 Per share Per share Per share
- The shareholders' equity accounts of Pina Colada Inc. have the following balances on December 31, 2023: Common shares, 410,000 shares issued and outstanding Contributed surplus Retained earnings $11,480,000 2,800,000 40,700,000 Common shares are currently trading on the Toronto Stock Exchange at $58.The following financial information is available for Sunland Corporation. 2022 2021 Average common stockholders' equity $1,100,000 $877,000 Dividends paid to common stockholders 45,000 25,500 Dividends paid to preferred stockholders 18,500 18,500 Net income 285,000 190,000 Market price of common stock 18 13 The weighted-average number of shares of common stock outstanding was 76,000 for 2021 and 103,000 for 2022. Calculate earnings per share and return on common stockholders' equity for 2022 and 2021 (Round answers to 2 decimal places, e.g. 10.50% or 10.50.) Earnings per share Return on common stockholders' equity $ 2022 % $ 2021 %A=L+OE
- 4Listed below are the transactions that affected the shareholders’ equity of Branch-Rickie Corporation during the period 2024–2026. At December 31, 2023, the corporation’s accounts included: ($ in thousands) Common stock, 113 million shares at $1 par $ 113,000 Paid-in capital—excess of par 678,000 Retained earnings 920,000 November 1, 2024, the board of directors declared a cash dividend of $0.50 per share on its common shares, payable to shareholders of record November 15, to be paid December 1. On March 1, 2025, the board of directors declared a property dividend consisting of corporate bonds of Warner Corporation that Branch-Rickie was holding as an investment. The bonds had a fair value of $2.9 million, but were purchased two years previously for $2.5 million. Because they were intended to be held to maturity, the bonds had not been previously written up. The property dividend was payable to shareholders of record March 13, to be distributed April 5. On July 12,…Stanko Company reported $752.4 million in net income in 2024. On January 1, 2024, the company had 400 million shares of common stock outstanding. On March 1, 2024, 24 million new shares of common stock were sold for cash. On June 1, 2024, the company's common stock split 2 for 1. On July 1, 2024, 8 million shares were reacquired as treasury stock. 1. Compute Stanko’s basic earnings per share for the year ended December 31, 2024.
