Just prior to the end of the fiscal year, Climate Corporation reported the following information: $ 124,000 822,000 682,000 Common stock ($0.20 par value) Additional paid-in capital Retained earnings Treasury stock Cash flows from financing activities Required: Complete the table below for each of the three following independent cases: Items Case 1: The board of directors declared a cash dividend of $0.04 per share. Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $15 per share. Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $16 per share. Note: Round "Par value per share" to 2 decimal places. Common stock account Par value per share Shares outstanding Additional paid-in capital Retained earnings Total stockholders' equity Cash flows from financing activities Before Any Dividends $ $ $ $ $ 124,000 0.20 0 822,000 682,000 35,000 35,000 After Cash Dividend After Stock Dividend After Stock Split

Just prior to the end of the fiscal year, Climate Corporation reported the following information: $ 124,000 822,000 682,000 Common stock ($0.20 par value) Additional paid-in capital Retained earnings Treasury stock Cash flows from financing activities Required: Complete the table below for each of the three following independent cases: Items Case 1: The board of directors declared a cash dividend of $0.04 per share. Case 2: The board of directors declared and issued a 100 percent stock dividend when the stock was selling at $15 per share. Case 3: The board of directors announced a 2-for-1 stock split. The market price prior to the split was $16 per share. Note: Round "Par value per share" to 2 decimal places. Common stock account Par value per share Shares outstanding Additional paid-in capital Retained earnings Total stockholders' equity Cash flows from financing activities Before Any Dividends $ $ $ $ $ 124,000 0.20 0 822,000 682,000 35,000 35,000 After Cash Dividend After Stock Dividend After Stock Split

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...

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The following information was extracted from the records of Cascade Company at the end of the fiscal yea were completed: Common stock ($0.01 par value; 230,000 shares authorized, 55,500 shares issued, 53,500 shares outstanding) Additional paid-in capital Dividends declared and paid during the year Retained earnings at the end of the year Treasury stock at cost (2,000 shares) Net income Current stock price Required: 1. Prepare the stockholders' equity section of the balance sheet at the end of the fiscal year. 2. Compute the dividend yield ratio. Determine the number of shares of stock that received dividends. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Compute the dividend yield ratio. Determine the number of shares of stock that received dividends. Note: Do not round your intermediate calculations. Round Dividend yield ratio to 2 decimal places. Dividend yield ratio Number of shares % $ 555 459,000 23,500 315,000 (16;500) $ 96,500 $ 10 >
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