Blue Fin started the current year with assets of $840,000, liabilities of $420,000,and common stock of $240,000. During the current year, assets increased by$480,000, liabilities decreased by $60,000 and the common stock increased by$330,000. There was no payment of dividends to owners during the year.What was the amount of Blue Fin's change in total stockholders' equity duringthe years?A. $420,000 increaseB. $300,000 increaseC. $240,000 increaseD. $540,000 increase

To determine the change in total stockholders' equity during the year, we use the accounting…

Answered: Blue Fin started the current year with…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter2: Basic Accounting Systems: Cash Basis

Section: Chapter Questions

Problem 10CDQ: Assume that as of January 1, 20Y8, Sylvester Con- suiting has total assets of $500,000 and total...

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Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)
Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Required: 1. Calculate the average common stockholders equity. 2. Calculate the return on stockholders equity.
Errol Corporation earned net income of $200,000 this year. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. They issued $7,500 in preferred dividends for the year. What is the numerator of the EPS calculation for Errol?
At the beginning of the year, the net assets of Shannon Co. were $617,900. The only transactions affecting stockholders’ equity during the year were net income of $60,800 and dividends of $16,600.Required:Calculate Shannon Co.’s return on equity (ROE) % for the year.
During its first year of operations, Crane Corporation had these transactions pertaining to its common stock. Jan. 10 Issued 25,100 shares for cash at $5 per share. July 1 Issued 50,500 shares for cash at $9 per share. (a) Prepare a tabular summary to record the transactions, assuming that the common stock has a par value of $5 per share. Include margin explanations for the changes in revenues and expenses. (If a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Jan. 10 July 1 $ Assets Cash $ Liabilities $ Common Stock Paid-in-Capital PIC in Excess Co $
What is the amount of net income for the year?
Gilmore, Inc., had equity of $215,000 at the beginning of the year. At the end of the year, the company had total assets of $370,000. During the year, the company sold no new equity. Net income for the year was $45,000 and dividends were $6,600. a. Calculate the internal growth rate for the company. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. Calculate the internal growth rate using ROA × b for beginning of period total assets. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) c. Calculate the internal growth rate using ROA × b for end of period total assets. (Do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.)
What is the percentage return on these financial accounting question?
Last year K. Billingsworth & Co. had earnings per shareof $4 and dividends per share of $2. Total retained earnings increased by $12 millionduring the year, while book value per share at year-end was $40. Billingsworth has nopreferred stock, and no new common stock was issued during the year. If its year-endtotal debt was $120 million, what was the company’s year-end total debt to total capitalratio?
What was the net income?
During the current year, the total assets of Mifflinburg Corporation decreased by $60,000 and totalliabilities decreased by $300,000. The company issued $100,000 of new stock, and its net incomefor the year was $250,000. No other changes to stockholders’ equity occurred during the year.Determine the dollar amount of dividends declared by the company during the year.
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