At December 31, 2019, Bixby Corporation had 30,000 shares outstanding of $10 par value common stock. The shares were originally issued for $26 per share. On January 1, 2020, Bixby split its common stock 4 for 1 with a corresponding reduction in the stock’s par value. The market price of the stock just before the split was $60 per share. After the split, the balance of the common stock account is:   A. $   900,000   B. $   780,000   C. $1,800,000   D. $   300,000

Q: Sarasota Rock Inc. has 7670 shares of 5%, $100 par value, cumulative preferred stock and 46020…

A: Cumulative Preference Stock Includes That If In Any Year Dividends Not Paid Then They Must Give The…

Q: Part COn October 1, 2018, Nicklaus Corporation receives permission to replace its $1 par value…

A: 1.

Q: On December 31, 2021, Gabriel Inc. has 100,000 common shares and 10,000, $1 no-par value preferred…

A: Earnings per share indicate the profits per share of common stockholders. It can be calculated by…

Q: Recording Treasury Stock vs. Direct Stock Retirement On December 31, 2020, the records for Lakers…

A: Treasury stocks are the stocks which are not retired or reissued after the buy back of shares. So,…

Q: During 2019, Bracket, Incorporated’s net income was $350,000. Its common stockholders’ equity was…

A: Return on common stockholders equity = Net income available to common stockholders / Average common…

Q: At December 31, 2020 Sunland Company had 310000 shares of common stock and 10700 shares of 7%, $100…

A: Earnings per common share (EPS) is a measure of profitability that shows how much of a company's…

Q: On January 2, 2017, Marigold Corporation issued 76000 shares of 6% preferred stock at $100 par…

A: A dividend is part of a company's profit which is the distribution of a part of a corporation's…

Q: Dervish Inc. had the following stock transactions in 2020: Issued 120,000 shares at $10 per share…

A: Solution: Outstanding shares are those shares that were issued by the company and is held by…

Q: At January 1, 2020, Wildhorse Company's outstanding shares included the following. 300,000 shares of…

A: Earnings per share (EPS) is a financial ratio that measures how much net income a company earns for…

Q: On January 1, 2020, Dingler Corporation had the following stockholders' equity accounts. Common…

A: Retained Earnings is the accumulated amount of earnings that a business entity has after it has paid…

Q: Treasury Stock On February 28, 2020 Clock Clocky Corporation issued 150,000 shares of $10.00 Par…

A: The objective of the question is to record the transactions of Clock Clocky Corporation's issuance,…

Q: Aylmer follows IFRS   On December 31, 2021 the company declared a dividend of $0.23 per share for…

A: Journal entry is the modern method of accounting in which all business transactions are recorded in…

Q: What is the weighted-average number of shares outstanding for 2025?

A: Jan 1st Outstanding shares = 381,000 Par value = $2 March 1 Sold = 756,000 Market price = $20 May 1…

Q: Cullumber Corporation issued 100,000 shares of $18 par value, cumulative, 6% preferred stock on…

A: Journal entries are the primary reporting of the business transactions in the books of accounts.…

Q: Current Attempt in Progress Sunland Co. has 4770000 shares of common stock outstanding on December…

A: Basic EPS  stands for "Basic Earnings Per Share," which is a financial metric used to indicate a…

Q: Hodge Corporation issued 100,000 shares of $20 par value, cumulative, 6% preferred stock on January…

A: When preferred stock- is issued at premium then additional amount issued in excess of par is to be…

Q: National Supply's shareholders' equity included the following accounts at December 31, 2020:…

A: Shares refer to the unit issued by the company to raise funds from the market by making an agreement…

Q: Current Attempt in Progress On January 1, 2025, Crane Corporation had 371000 shares of its $2 par…

A: The stock dividend increases the number of shares issued and outstanding. The treasury stock…

Q: Problem 1: On December 31, 2020, Sirius Corp issued 600 million shares of common stock and 10…

A: EPS is referred to as Earnings Per Share. EPS can be classified into two types,:Basic EPSDiluted EPS…

Q: Landry Inc. has 10,000 shares of common stock, $1 par outstanding. On September 30, 2020, Landry…

A: A stock dividend is a corporate action in which a company distributes additional shares of its own…

Q: Preparing Entries for Small Stock Dividends Landry Inc. has 20,000 shares of common stock, $1 par…

A: A stock dividend is a corporate action in which a company distributes additional shares of its own…

Q: Part I A portion of the Stockholders' Equity section of Cailey Corporation's balance sheet as of…

A: Dividend means the amount given to shareholder of the company as profit distribution by  company.…

Q: Exercise 19-12 (Algo) EPS; shares issued; stock dividend [LO19-5, 19-6] For the year ended December…

A: Earnings-Per-Share(EPS) is financial measure that shows portion of total earnings of an entity that…

Q: Current Attempt in Progress Sandhill Inc. had 978000 shares of common stock issued and outstanding…

A: Basic EPS  stands for "Basic Earnings Per Share," which is a financial metric used to indicate a…

Q: Sunland Company acquired 22000 shares of its own common stock at $21 per share on February 5, 2020,…

A: Lets understand the basics. When entity reqcquired issued stock then these shares are known as a…

Q: Question Six: The following accounts appear in the ledger of Alico Corporation after the books are…

A: Stockholder means the person who invested in the stock/share of the company and are the real owners…