Gloria Corp issued 10,000 shares of $5 par value common stock at $12 per share. As a result of this transaction, how much did Paid-in Capital in Excess of Par (also called Additional Paid-in Capital) increase? Options: A. $50,000 B. $120,000 C. $70,000 D. $60,000 E. None of the above
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- The owners' equity accounts for Vulcano International are shown here: Common stock ($1 par value) Capital surplus Retained earnings Total owners' equity a. Assume the company's stock currently sells for $47 per share and a stock dividend of 8 percent is declared. How many new shares will be distributed? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. New shares issued $ 80,000 200,000 660,000 $ 940,000 Show the new balance for each equity account. Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Common stock Capital surplus Retained earnings Total owners' equityJoe’s Fence Company issued 800 shares of no-par common stock for $7,200. Which of the following would occur if the stock has stated value of $2 per share? Select a Choice Below current question choices OptionA Increase Cash and increase Common Stock for $7,200. OptionB Increase Cash for $7,200 and increase Common Stock $1,600 and Paid-in Capital in Excess of Par $5,600. OptionC Increase Cash for $7,200 and increase Common Stock for $ 1,600 and Paid-in Capital in Excess of Stated Value for $5,600. OptionD Decrease Common Stock and decrease Cash for $7,200.The owners' equity accounts for Vulcano International are shown here: Common stock ($.40 par value) Capital surplus Retained earnings Total owners' equity $ 25,000 300,000 668,120 $ 993,120 a-1. If the company declares a four-for-one stock split, how many shares will be outstanding? Note: Do not round intermediate calculations. a-2. What is the new par value per share? Note: Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161. b-1. If the company declares a one-for-five reverse stock split, how many shares are outstanding now? Note: Do not round intermediate calculations. b-2. What is the new par value per share? Note: Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16. a-1. New shares outstanding a-2. New par value per share b-1. New shares outstanding b-2. New par value per share
- 12. All the 200 treasury shares were sold for P 22,000. How would the resale of the treasury shares be recorded?13. As a result, the effect on the total Additional Paid In Capital would be ____________________ (indicate increase or decrease)The owners' equity accounts for Vulcano International are shown here: Common stock ($.50 par value) Capital surplus Retained earnings $ 20,000 210,000 587,300 $ 817,300 Total owners' equity a-1.If the company declares a 4-for-1 stock split, how many shares are outstanding now? (Do not round intermediate calculations.) a- What is the new par value per share? (Do not round intermediate calculations and 2. round your answer to 3 decimal places, e.g., 32.161.) b- If the company declares a 1-for-5 reverse stock split, how many shares are 1. outstanding now? (Do not round intermediate calculations.) b- What is the new par value per share? (Do not round intermediate calculations and 2. round your answer to 2 decimal places, e.g., 32.16.) Answer is complete but not entirely correct. 160,000 0.125 8,000 800.00 a-1. New shares outstanding a-2. New par value b-1. New shares outstanding b-2. New par value GA $ per share per shareI still confused with the following blank options in the image.
- The owners’ equity accounts for Vulcano International are shown here: Common stock ($.50 par value) $ 20,000 Capital surplus 210,000 Retained earnings 587,300 Total owners’ equity $ 817,300 a-1. If the company declares a 4-for-1 stock split, how many shares are outstanding now? (Do not round intermediate calculations.) a-2. What is the new par value per share? (Do not round intermediate calculations and round your answer to 3 decimal places, e.g., 32.161.) b-1. If the company declares a 1-for-5 reverse stock split, how many shares are outstanding now? (Do not round intermediate calculations.) b-2. What is the new par value per share? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.)Bermuda Triangle Corporation (BTC) currently has 370,000 shares of stock outstanding that sell for $100 per share. Assume no market Imperfections or tax effects exist. Determine the share price and new number of shares outstanding if: (Do not round intermediate calculatlons. Round your prlce per share answers to 2 decimal places, e.g., 32.16, and shares outstanding answers to the nearest whole number, e.g., 32.) a. BTC has a five-for-three stock split. b. BTC has a 12 percent stock dividend. c. BTC has a 38.0 percent stock dividend. d. BTC has a four-for-seven reverse stock split. a. Price per share Shares outstanding b. Price per share Shares outstanding c. Price per share Shares outstanding d. Price per share Shares outstandingDefore-and-after effects of each option on (a) retained earnings, (b) total stUUII T) a 15% stock dividend or (2) a 2-for-1 stock split. He e Trom $1,800,000 to $12,00 Prepare stockholders' equity section. equity, and (c) par value per share. (LO 4), AP It was authorized 500,000 shares. The paid-in capital in excess of par stock is $263,000. The corporation has reacquired 7,000 shares at a cost of $46,000 and is value on the common currently holding those shares. It also had accumulated other comprehensive income of The corporation also has 2,000 shares issued and outstanding of 9%, $100 par value $67,000. preferred stock. It was authorized 10,000 shares. The paid-in capital in excess of value preferred stock is $23,000. Retained earnings is $372,000. Prepare the stockholders' DO IT! 11-4b On January 1, 2017, Vahsholtz Corporation purchased 5,000 shares of trea- par on the equity section of the balance sheet. Compute return on stock- holders' equity and discuss changes. sury stock.…
- Presented below is information related to Marigold Corp.: Common Stock, $1 par $3450000 Paid - in Capital in Excess of Par-Common Stock 543000 Preferred 8 1/2% Stock, $50 par 2140000 Paid - in Capital in Excess of Par- Preferred Stock 388000 Retained Earnings 1420000 Treasury Common Stock (at cost) 144000 The total stockholders' equity of Marigold Corp. is Select answer from the options below $6377000. $7941000. $7797000. $ 6521000.V6. On January 1, Stunt Corp. had outstanding convertible bonds with a face value of $1,000,000 and an unamortized discount of $100,000. On that date, the bonds were converted into 100,000 shares of $1 par stock. The market value on the date of conversion was $12 per share. The transaction will be accounted for with the book value method. By what amount will Stunt’s stockholders’ equity increase as a result of the bond conversion?Peters, Inc. had 5,000 stock options exercisable into 5,000 common shares at an exercise price of $10. The average market price is $15. In the calculation of diluted earnings per share, what effect would the stock options have on the numerator and denominator, if any? Round to the nearest whole number. O $50,000 increase numerator, 0 effect denominator. O $-0- numerator, 3,333 increase denominator. O $-0- numerator, 0 effect denominator. O $-0- numerator, 1,667 increase denominator.
