Silowing is selected financial information for Osmond Dental Laboratories for 2021 and 2022:20212022Retained earnings, January 1$57,00035,000 42,00010,000 20,00075,000Net incomeDividendsCommon stock?Osmond issued 4,000 shares of additional common stock in 2022 for $27,000. There were no other stock transactions. Prepare astatement of stockholders' equity for the year ended December 31, 2022. (Amounts to be deducted should be indicated with minussign.)OSMOND DENTAL LABORATORIESStatement of Stockholders' EquityFor the Year Ended December 31, 2022TotalStockholders'CommonRetainedStockEarningsEquityBalance, January 1, 2022Balance, December 31, 2022

Retained earnings ending balance = Beginning balance of retained earnings + Net income - Dividends…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Part I A portion of the Stockholders' Equity section of Cailey Corporation's balance sheet as of December 31, 20X3, appears below. Dividends have not been paid for the years 2021 and 2022. There has been no change in the number of shares of stock issued and outstanding during these years. Assume that the board of directors of Cailey Corporation declares a dividend of P24,770 after completing operations for the year 2023. Stockholders' Equity Preferred Stock (10% cumulative, P50 par value, 10,000 shares authorized) At Par Value (1,400 shares issued) P 70,000 Common Stock (no-par value, with stated value of P10, 50,000 shares authorized) At Stated Value (13,000 shares issued) 130,000 Required: 1. Compute the total amount of the dividend to be distributed to preferred stockholders. 2. Compute the amount of the dividend to be paid on each share of preferred stock. 3. Compute the total amount of the dividend available to be distributed to common stockholders. 4. Compute the amount of the…
Statement of Shareholders' Equity On January 1, 2019, Osgood Film Studios reported the following alphabetical list of shareholders' equity items: Additional paid-in capital on common stock $123,675 Additional paid-in capital on preferred stock 18,600 Common stock, $2 par 58,200 Preferred stock, $100 par 93,000 Retained earnings 178,000 During 2019, the company sold 4,100 shares of common stock for $8 per share and 230 shares of preferred stock for $125 per share. It also earned income of $91,000 and paid dividends of $11 per share on the preferred stock and $2.80 per share on the common stock outstanding at the end of 2019. Required: Prepare Osgood's statement of shareholders' equity (include retained earnings) for 2019. OSGOOD FILM STUDIOS Statement of Shareholders' Equity For Year Ended December 31, 2019 Preferred Common Additional Additional Stock Stock Paid-in Capital Paid-in Capital Retained $100 par $2 par on Preferred Stock on Common Stock Earnings Total Balances, 1/1/19 Common…
The retained earnings - unappropriated as of December 31, 2022 is?
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4 minutes Gross Company has 300,000 common shares outstanding on 1/1/21. During 2021, Gross undertook the following stock transactions: April 1 issued a 20% stock dividend, October 1 reacquired 10,000 shares for the treasury. Determine the weighted-average number of common shares outstanding for Gross Company. O 357,500. O 350,000. 360,000. 362,500.
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Balance Sheet Nicole Corporation's year-end 2019 balance sheet lists current assets of $753,000, fixed assets of $603,000, current liabilities of $542,000, and long-term debt of $697,000. What is Nicole's total stockholders' equity? Multiple Choice О о $117,000 $1,356,000 There is not enough information to calculate total stockholder's equity. $1,239,000
Blabla Grocery Inc., reported the following financial information on December 31, 2019: Common shares issued and outstanding throughout 2019 700,000 shares 6% nonconvertible cumulative preferred shares capital $450,000 Retained Earnings on January 1. 2019 $3,500,000 Basic EPS for 2019 $0.99 per share In addition, the company did not declare any dividends for either 2018 or 2019. The amount which the company would report as Retained Earnings on December 31, 2019 would be: Select one: a. $673,000. b. $693,000. c. $4,220,000. d. $4,173,000. e. $4,166,000.
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CYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Stock Total Stockholders' Retained Earnings Equity Beginning balance Issuances of stock Add: Net income Less: Dividends 2$ 13,000 $ 6,000 $ 19,000 4,000 4,000 Ending balance 2$ 15,000 $ 7,000 $ 22,000

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