Exercise 11-9 stock split
Q: QS 13-11 Accounting for cash dividends LO* Prepare journal entries to record the following…
A: The dividend has Debit balance and it is paid from the retained earnings of the business. The…
Q: 13 Required: What is the balance in the Additional paid-in capital and Retained earnings accounts…
A: Retirement of shares refers to the permanent removal of outstanding shares from the market by a…
Q: Exercise 11-16A (Algo) Determining the effects of stock splits on the accounting records LO 11-7 The…
A: 4-for-1 Stock split means, the stockholder will have 4 shares, after the split takes place for every…
Q: Problem 10-3A Part 1 Required: 1. Complete the following table comparing the effects of a 100% stock…
A: The dividend is declared to the shareholders from the retained earnings of the business. The stock…
Q: Exercise 11-3 Recording stock issuances LO P1 Prepare journal entries to record the following four…
A: Date Accounts title and explanation Debit ($) Credit ($) Cash $84,000 Common Stock (7000 x…
Q: S1: The price at which a share of stock is bought or sold is called issue price. S2: The number of…
A: Issue price of the stock is the price at which shares are first sold in the primary market and after…
Q: xuestion/ A company issues new shares to fund a new manufacturing plant. Explain the meaning of the…
A: Arbitrage pricing theory (APT) is a multi-factor asset pricing model based on the concept that an…
Q: Problem 11-4A Analyzing changes in stockholders’ equity accounts LO C3, P2, P3 [The following…
A: Stock dividend: Dividends issued in form of additional shares is called stock dividend. Companies…
Q: 1. Prepare the journal entry to record Tamas Company’s issuance of 5,900 shares of $100 par value,…
A: Preferred stock is a kind of shares which are issued by the entity when it doesn't want to dilute…
Q: Exercise 11-7A Cash dividends for preferred and common shareholders LO 11-3 Weaver Corporation had…
A: Preferred stock :Type of stock which is granted priority over dividend distributions as compared to…
Q: Wildhorse Company’s ledger shows the following balances on December 31, 2020. 7% Preferred…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Q: Problem 13-2B Cash dividends, treasury stock, and statement of retained earnings C3 P2 P3 Balthus…
A: Retained Earnings: - Retained earnings of a corporation are the accumulated net income of the…
Q: Weaver Corporation had the following stock Issued and outstanding at January 1, Year 1. 1.86,000…
A: Dividends are financial rewards distributed by companies to their shareholders from profits. They…
Q: QS 11-11 (Algo) Preferred stock issuance and dividends LO C2 1. Prepare the journal entry to record…
A: Answer:- Cumulative preferred stock:- A type of preferred stock known as cumulative preferred stock…
Q: Elk River Corporation sells and services pipe welding equipment in Wyoming. The following selected…
A: Treasury stock refers to those shares that are brought back by the company from the market. Treasury…
Q: Exercise 11-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez…
A: JOURNAL ENTRIESJournal Entry is the First stage of Accounting Process. Journal Entry is the Process…
Q: 24- The Discount on Common Stock account reflects: Top of Form Multiple Choice The difference…
A: The Discount on Common Stock account reflects the difference between the par value of stock and its…
Q: Exercise 13-12 Weighted-average shares outstanding and earnings per share LO3 Horticultural Products…
A: The dividend is declared to the shareholders from the retained earnings of the business. The…
Q: DIScussion Board #12 What are the primary reasons for a stock split and for treasury stocks?
A: Stock Splits means when one share of the company is being broken into multiple shares which will…
Q: Problem 11-5A Computing book values and dividend allocations LO C2, A4 [The following information…
A: I have assumed par value as $50.
Q: [The following information applies to the questions displayed below.] Raphael Corporation's balance…
A: Cumulative Preference Share: The holders of which are entitled to receive the arrears of preference…
Q: Preferred stock A) reflects residual ownership of a company B) represents a preferential claim on…
A: Preferred stock is also known as preference shares. Which does not having the properties of a common…
Q: Indicate whether the following actions would () decrease, or (0) not affect Indigo Inc.'s total…
A: hey there since you have posted multiple questions, we can answer only first question. Please…
Q: Exercise 11-5 Stock dividends and splits LO P2 On June 30, 2017, Sharper Corporation's common stock…
A: Requirement 1:
Q: LO 2 Exercise 11-4A Effect of issuing common stock on the balance sheet Newly formed Home Medical…
A: Paid in capital :— It is the total cash amount received from shareholders in exchange for stock of…
Q: Problem 11-5A Computing book values and dividend allocations LO C2, A4 [The following information…
A: Stockholders’ equity: It refers to the amount of capital that includes the amount of investment by…
Q: the effect of Treasury shares are resold at more than cost on total equity is No Effect Can't be…
A: The treasury shares are the shares that have been reacquired by the issuing firm from the…
Q: 4. BE.12.03.ALGO 5. BE.12.08.ALGO 6. BE.12.01.ALGO 7. BE.12.07 8. BE.11.07 stock. The following…
A: There are two types of stocks. One is preferred stock and the other is common stock. Preferred…
Q: Exercise 8-11A (Algo) Issuing stock for cash LO 8-4 Tom Yuppy, a wealthy investor, paid $52,000 for…
A: The issue of the shares means an activity in which the company raises capital by selling the smaller…
Q: Required information [The following information applies to the questions displayed below.] Riverbend…
A: A dividend is basically a kind of gift that a business delivers to its shareholders, whether it be…
Q: On June 30, 2017, Sharper Corporation's common stock is priced at $62 per share before any stock…
A: Stock dividend is generally made to existing shareholders to give them a dividend. In this instead…
Q: Knapp Industries began business on January 1, 2018 by issuing all of its 1,600,000 authorized shares…
A: Treasury shares has debit account balance. It would be deducted to determine the stockholders'…
Q: Question 11 Strike prices of options are adjusted for but not for A stock price movements; stock…
A: Options are referred as the derivative based financial instruments which indicates the value of an…
Q: The following information pertains to JAE Corporation at January 1, Year 1: Common stock, $11 par,…
A: The number of issued shares is not affected with purchase or sale of treasury stock. The number of…
Q: QS 13-3 Components of the equity section of a corporate balance sheet LO² From the following list of…
A: Equity Capital - Share capital and equity financing are other terms for equity capital. It is…
Q: Required a. Record the transactions in a horizontal statements model like the following one. In the…
A: "As you have posted more than 3 questions, I'm only solving the first 3 questions. Please either…
Q: LO 8-7 Brief Exercise 8-7 Effect of stock dividends on financial statements Hernandez Corporation…
A: A stock dividend is a corporate action taken by the company to issue shares without consideration.…
Q: Exercise 11-15A (Algo) Accounting for stock dividends LO 11-7 Beacon Corporation issued a 4 percent…
A: Assets have debit balance while liabilities and equity have credit balance. As per dual concept of…
Q: Exercise 9-13 (Algo) Calculate basic EPS LO 7 Ringmeup Inc. had net income of $168.600 for the year…
A: Basic Earnings Per Share (EPS)Basic Earnings Per Share (EPS) is a financial metric that measures the…
Q: The records of Hoffman Company reflected the following balances in the stockholders' equity accounts…
A: A dividend is a payment made by a company to its stockholders. When a company makes profits or has a…
Q: EX 17-21 The following information was taken from the financial statements of Tolbert Inc. for…
A: (a) Earnings per share: Earnings per share is calculated by dividing earnings available to common…
Q: Question 10 Total Par Outstanding No Change by Share Dividend and No Change by Share Split No Change…
A: Number of shares outstanding means quantity of shares that is outstanding as on date for payment to…
Q: Exercise 11-3 (Algo) Accounting for par, stated, and no-par stock issuances LO P1 Rodriguez…
A: JOURNAL ENTRIESJournal Entry is the First stage of Accounting Process. Journal Entry is the Process…
Q: Weaver Corporation had the following stock issued and outstanding at January 1, Year 1. 1. 135,000…
A: Dividend is the amount of money earned by the shareholders of the entity in the form of return. It…
Q: A company has the following transactions during the year related to stockholders’ equity.…
A: Total cash dividend declared = (No. of common stock + No. of preferred stock) x cash dividend per…
Q: Problem 19-1 Analyzing Stockholders' Equity Accounts 1. An investment of $60,000 by Kevin Cleary in…
A: To startup and for running of the business, owner invest some assets in business. These can be cash…
Q: Exercise 11-13 Earnings per share LO A1 Kelley Company reports $1,625,000 of net income for 2017 and…
A: 1) Net income (A) $1625000 Cash dividend on preferred stock (B) $227500 Net income…
Q: Exercise 11-10 Recording and reporting treasury stock transactions LO P3 On October 10, the…
A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.…
Q: On October 10, the stockholders' equity section of Sherman Systems appears as follows. Common…
A: Stockholders’ equity refers to the ownership interest in the business. It is the claim of the owners…
Exercise 11-9 stock split
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- Obj. 3 XEX 12-10 Entries for stock dividends Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life's balance sheet: Common stock (3,000,000 shares authorized; 2,200,000 shares issued), $15 par, $33,000,000; Paid-in capital in excess of par-common stock, $9,000,000; and Retained earn- ings, $89,550,000. The board of directors declared a 5% stock dividend when the market price of the stock was $18 a share. Healthy Life reported no income or loss for the current year. a. Journalize the entries to record (1) the declaration of the dividend, capitalizing an amount equal to market value, and (2) the issuance of the stock certificates. b. Determine the following amounts before the stock dividend was declared: (1) total paid-in capital, (2) total retained earnings, and (3) total stockholders' equity. c. Determine the following amounts after the stock dividend was declared and closing entries were recorded at the end of the year: (1)…LO 4 Exercise 11-10A Effect of cash dividends on financial statements On October 1, 2011, Smart Corporation declared a $60,000 cash dividend to be paid on December 30 to shareholders of record on November 20. Required a. Record the events occurring on October 1, November 20, and December 30 in a horizontal statements model like the following one. In the Cash Flow column, indicate whether the item is an operating activity (OA), investing activity (IA), or financing activity (FA). Date Assets Liab. + Com. Stock + Ret. Earn. Rev. Exp. Net Inc. - b. Prepare journal entries for all events associated with the dividend. Cash FlowDecision Case 11-1 Comparing Two Companies in the Same Industry: Kellogg's and General Mills Refer to the Stockholders' Equity Section of the balance sheets of Kellogg's as of December 31, 2010, and General Mills as of May 30, 2010. Required For each company, what are the numbers of shares of common stock authorized, issued, and outstanding as of the balance sheet date? Did the balance of the Retained Earnings account of each company increase or decrease dur- ing the year? What factors can affect the Retained Earnings balance? How does the total stockholders' equity of each company compare to that of the other company? Does the difference mean that one company's stock is more valuable than the other's? Explain your answer.
- LOC-6, LOC-7 PROBLEM C.7 Stockholders' Equity Section The two cases described as follows are independent of each other. Each case provides the informa- tion necessary to prepare the stockholders' equity section of a corporate balance sheet. a. Early in 2019, Wesson Corporation was formed with the issuance of 50,000 shares of capital stock at $5 per share. The corporation reported a net loss of $32,000 for 2019, and a net loss of $12,000 in 2020. In 2021 the corporation reported net income of $90,000 and declared a dividend of 50 cents per share. b. Amber Industries was organized early in 2017 with the issuance of 100,000 shares of capital stock at $10 per share. During the first five years of its existence, the corporation earned a total of $900,000 and paid dividends of 25 cents per share each year on the common stock. Instructions Prepare the stockholders' equity section of the corporate balance sheet for each company for the year ending December 31, 2021.Required information Problem 11-5A Computing book values and dividend allocations LO C2, A4 [The following information applies to the questions displayed below.] Raphael Corporation’s balance sheet shows the following stockholders’ equity section. Preferred stock—5% cumulative, $___ par value, 1,000 sharesauthorized, issued, and outstanding $ 50,000 Common stock—$___ par value, 4,000 shares authorized, issued,and outstanding 80,000 Retained earnings 150,000 Total stockholders' equity $ 280,000 Problem 11-5A Part 4 4. If two years’ preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $11,500, what total amount will be paid to the preferred and to the common shareholders?Exercise 13-3 Accounting for par, stated, and no-par stock issuances LO P1 8 Rodriguez Corporation issues 9,000 shares of its common stock for $177,100 cash on February 20. Prepare journal entries to record this event under each of the following separate situations. 1. The stock has a $18 par value. 2. The stock has neither par nor stated value. 3. The stock has a $9 stated value. View transaction list Journal entry worksheet Record the issue of 9,000 shares of $9 stated value common stock for $177,100 cash. Note: Enter debits before credits. General Journal Transaction 3 Clear entry Record entry Debit Credit View general journal
- 5Exercise 13-7 Financial statement impact of dividends and splits P2 For each dividend and stock split issued, determine the impact-increase, decrease, or no effect-on total assets, total liabilities, and total equity. quan $5,000 cash dividend 7% stock dividend 40% stock dividend 7-for-1 stock split Total Assets Total Liabilities Total Equityaa
- Use the following information for the Exercises below. [The following information applies to the questions displayed below.] York's outstanding stock consists of 80,000 shares of 7.5% preferred stock with a $5 par value and also 200,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: 2015 total cash dividends $ 20,000 2016 total cash dividends 28,000 200,000 350,000 2017 total cash dividends 2018 total cash dividends References Section Break Use the following information for the Exercises below. Exercise 11-8 Dividends on common and noncumulative preferred stock LO C2 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Also compute the total dividends paid to each class for the four years combined. Assume that the preferred stock is noncumulative. (Round your "Dividend per Preferred Share" answers to 3 decimal…ces Exercise 11-6A (Static) Accounting for cumulative preferred dividends LO 11-3 When Crossett Corporation was organized in January Year 1, it immediately issued 4,000 shares of $50 par, 6 percent, cumulative preferred stock and 50,000 shares of $20 par common stock. Its earnings history is as follows: Year 1, net loss of $35,000; Year 2, net income of $125,000; Year 3, net income of $215,000. The corporation did not pay a dividend in Year 1. Required a. How much is the dividend arrearage as of January 1, Year 2? b. Assume that the board of directors declares a $25,000 cash dividend at the end of Year 2 (remember that the Year 1 and Year 2 preferred dividends are due). How will the dividend be divided between the preferred and common stockholders? Complete this question by entering your answers in the tabs below. Required A Required B Assume that the Board of directors declares a $25,000 cash dividend at the end of Year 2 (remember that the Year 1 and Year 2 preferred dividends are…PROBLEM 12-3B The following selected accounts appear in the ledger of Kingfisher Environmental Corporation on March 1, 2006, the beginning of the current fiscal year: Selected stock transactions Objectives 4, 5, 7 Preferred 2% Stock, $75 par (10,000 shares authorized, 8,000 shares issued) Paid-In Capital in Excess of Par-Preferred Stock Common Stock, $10 par (50,000 shares authorized, 35,000 shares issued) Paid-In Capital in Excess of Par-Common Stock . Retained Earnings $ 600,000 ..... 100,000 RAS.S. 350,000 85,000 1,050,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Issued 7,500 shares of common stock at $24, receiving cash. b. Sold 800 shares of preferred 2% stock at $81. c. Purchased 3,000 shares of treasury common for $66,000. d. Sold 1,800 shares of treasury common for $50,400. e. Sold 750 shares of treasury common for $14,250. f. Declared cash dividends of $1.50 per share on preferred…