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- Presented below are data for XYZ Corp. Assets, January 1 Liabilities, January 1 Stockholders' Equity, Jan. 1 Dividends Common Stock, Dec. 31 2023 2024 4,560 ? ? 2,736 2 2,750 570 646 608 650 Stockholders' Equity, Dec. 31 ? 2,266 Net Income 684 Net income for 2024 is O $484 loss. O $162 loss O $162 income. O $120 income. $484 income. $120 loss.Change in Stockholders’ Equity Previous Year Current Year Net Income $35,000 $48,000 Average stockholders' equity 1,000,000 1,500,000 Dividend per common share 1.90 2.00 Earnings per share 2.85 3.20 Market price per common share, year-end 19.00 21.00 Nikron Corporation issued 20,000 shares of $0.50 par value common stock during the year for $20 each. Nikron also repurchased treasury stock for $15,000. Net income for the year was $140,000. The company also paid cash dividends of $25,000. What was the total change in Nikron’s stockholders’ equity for the year? Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer AnswerCYCLONE, INC. Statement of Stockholders' Equity Year ended Dec. 31, 2021 Common Stock Total Stockholders' Retained Earnings Equity Beginning balance Issuances of stock Add: Net income Less: Dividends 2$ 13,000 $ 6,000 $ 19,000 4,000 4,000 Ending balance 2$ 15,000 $ 7,000 $ 22,000
- Financial Statement Presentation of EPS To illustrate EPS reporting for various combinations of gains and losses, assume that 1,000 weighted- average shares of common stock were outstanding for each of the four cases below. Also assume preferred stock dividends of $2,500 were declared and paid during the year in each case. Case A Case B Case C Case D Income (loss) continuing operations $ Income (loss) from discontinued operations 0 $ 0 0 $ 0 $ 0 0 0 0 Required Show the EPS financial statement presentation for basic EPS for each Case A through D. Basic EPS Case A Case B Case C Case D Income (loss) from continuing operations $ 0 $ 0 $ 0 $ 0 Income (loss) from discontinued operations, net of tax 0 0 0 0 Net income (loss) $ 0 $ 0 $ 0 $ 0 CheckWhat is the total stockholders' equity based on the following data? Common Stock $900,000 Excess of Issue Price Over Par—Common Stock 375,000 Retained Earnings (deficit) (50,000) a.$900,000 b.$1,225,000 c.$1,275,000 d.$1,325,000Total 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
- View Policies Current Attempt in Progress The following information is available for Metlock Hill Corporation: Beginning common stockholders equity $790,000 Dividends paid to common stockholders 60,000 Dividends paid to preferred stockholders 32,000 Ending common stockholders'equity 1,000,000 Net income 219,950 Based on the preceding information, calculate return on common stockholders'equity. Return on common stockholders' equity eTextbook and Media Attempts: 0 of 3 used Submit Answer Save for LaterWhat is the total stockholders' equity based on the following account balances? Common Stock $1110000 Paid-In Capital in Excess of Par 43000 Retained Earnings 173000 Treasury Stock 23000 O $976000. O $1174000. O $1303000. O $1151000.Problem 11-2A (Algo) Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporation reports the following components of stockholders' equity at December 31, 2019. Common stock-$15 par value, 100,000 shares authorized, 55,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity During 2020, the following transactions affected its stockholders' equity accounts. January 2 Purchased 4,500 shares of its own stock at $20 cash per share. January 5 Directors declared a $6 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 1,688 of its treasury shares at $24 cash per share. August 22 Sold 2,812 of its treasury shares at $17 cash per share. September 5 Directors declared a $6 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the…
- Shiloh industries Retained earnings $497000 on the balance sheet $197000 of net income during the year Previous years balance sheet reported $445000 of retained earnings No shares were purchased or issued during the year If the company has $100000 shares outstanding what was their dividend per share?Compute Beginning stockholders' equity. Beginning stockholders' equity $ Ending stockholders' equity 49,400 Issuance of stock 6,000 Net income 11,400 Dividends 2,600Exercise 14-03 a-b (Video) On January 1, 2020, Oriole Corporation had $1,160,000 of common stock outstanding that was issued at par. It also had retained earnings of $747,500. The company issued 37,500 shares of common stock at par on July 1 and earned net income Journalize the declaration of a 15% stock dividend on December 10, 2020, for the following independent assumptions. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is re Entry" for the account titles and enter 0 for the amounts.) b. No. Account Titles and Explanation a. Par value is $10, and market price is $18. Par value is $5, and market price is $22. b. Debit LINK TO TEXT Credit Click if you would like to Show Work for this question: Open Show Work VIDEO: SIMILAR EXERCISE