4 POINTS If 150 million shares of common stock areissued with a par value of $3 and additionalpaid-in capital is $900 million, the total parvalue of the issued shares is:A) $300 millionB) $450 millionC) $900 millionD) $1.2 billion

Explanation of Par Value: Par value is the nominal or face value assigned to each share of stock…

Answered: If 150 million shares of common stock…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders' equity Common stock, $5 par; 39 million shares authorized; 34 million shares issued and 31 million shares outstanding at 12/31/2024; and million shares issued and shares outstanding at 12/31/2023. Additional paid-in capital on common stock Retained earnings Treasury common stock, at cost, 3 million shares at 12/31/2024 and 1 million shares at 12/31/2023 Total shareholders' equity 12/31/2024 12/31/2023 $ 170 million 526 million $ 155 million 399 million 189 million 163 million (64 million) (42 million) $ 821 million $ 675 million What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2024?
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders' equity Common stock, $5 par; 22 million shares authorized; 17 million shares issued and 13 million shares outstanding at 12/31/2024; and million shares issued and shares outstanding at 12/31/2023. Additional paid-in capital on common stock Multiple Choice Retained earnings Treasury common stock, at cost, 4 million shares at 12/31/2024 and 2 million shares at 12/31/2023 Total shareholders' equity What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2024? $5 per share $37 per share $50 per share 12/31/2024 Cannot be determined from the given information $85 million 522 million 199 million (74 million) $732 million 12/31/2023 $65 million 396 million 159 million (52 million) $568 million
The following information is available for the common shares of DEF Co.: 50 million shares authorized, 25 million shares issued and outstanding, and 1 million shares in the public float. Calculate DEF's market capitalization if the current market price of the common shares is $25 $25,000,000 O $625,000,000 O $650,000,000 $1,250,000,000
Presented below is the equity section of Coca-Cola Corporation at December 31, 2022: Share capital-ordinary, par value P20; authorized 75,000 shares;issued and outstanding 45,000 shares, P900,000 Share premium-ordinary, P250,000 Retained earnings, P500.000 Total SHE, P1,650,000 During 2022, the following transactions occurred relating to equity: 3,000 shares were reacquired at P28 per share. 3,000 shares were reacquired at P35 per share. 1,800 shares of treasury shares were sold at P30 per share. For the year ended December 31, 2022, Coca-cola reported net income of P450,000. Assuming Coca-cola accounts for treasury under the cost method, what should it report as total equity on its December 31, 2022, statement of financial position?
Fisher Company had the following share capital as of December 31, 2021: Cumulative preference share capital, P100 par value, 50,000 shares outstanding, 5% dividend rate, each share convertible into four ordinary shares Ordinary share capital, P50 par, 500,000 shares authorized, 200,000 shares outstanding 5,000,000 10,000,000 The entity reported a net income of P5,400,000 for the current year. Compute for the basic and diluted earnings per share based on the following independent scenarios: A. The preference shares were issued in the prior year at par value. BEPS = DEPS B. The preference shares were issued on April 1, 2021 at par value. BEPS = DEPS =
ABC Company provided the following information relating to shareholders' equity on December 31, 2020: Preference share capital, P100 par, 80,000 shares issued, 12% cumulative and fully participating, P8,000,000 Ordinary share capital, P50 par, 200,000 shares issued, P10,000,000 Share premium, P5,000,000 Retained earnings, P7,000,000 Dividends on preference shares are in arrears for two years including the current year. On December 31, 2020, ABC Company intends to pay cash dividend of P10 per share to its ordinary shareholders. What is the total amount of dividends to be declared for the preference and ordinary shareholders? (round answer to a whole number)
The following partial Information is taken from the comparative balance sheet of Levi Corporation: Shareholders' equity Common, stock, $5 par; 20 million shares authorized; 15 million shares issued and 9 million shares outstanding at 12/31/2021; 12/31/2021 12/31/2020 and million shares issued and shares outstanding at 12/31/2020. Additional paid-in capital on common stock Retained earnings $ 75 million 520 million 197 million $ 45 million 392 million 157 million Treasury common stock, at cost, 6 million shares at 12/31/2021 and 4 million shares at 12/31/2020 (72 million) (50 million) Total shareholders' equity $720 million $544 million How many of Levi's common shares were outstanding on 12/31/2020? Multiple Choice 9 million. 22 of 39 Next > < Prev Question no....pages odf Question no....pages MacBook Air
On June 30, 2020, when ABC shares were selling for $ 65 each, the equity accounts had the following balances: Common shares (par value $ 50: 50,000 issued) $ 2,500,000 Capital contributed in excess of par value 600,000 Retained earnings 4,200,000 A 100% share dividend is declared and distributed, the balance of the Common Shares account after recording the dividend will be: a. $2,500,000 b. $7,300,000 c. $3,100,000 d. $5,000,000
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity 12/31/2021 12/31/2020 Common stock, $5 par; 36 million shares authorized; 31 million sharesissued and 26 million shares outstanding at 12/31/2021; and ____million sharesissued and ____shares outstanding at 12/31/2020. $ 155 million $ 130 million Additional paid-in capital on common stock 523 million 401 million Retained earnings 192 million 160 million Treasury common stock, at cost, 5 million shares at 12/31/2021 and 2 millionshares at 12/31/2020 (85 million) (48 million) Total shareholders’ equity $ 785 million $ 643 million What was the average price of the additional treasury shares purchased by Levi during 2021? (Round your answer to 2 decimal places.)
The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity 12/31/2021 12/31/2020 Common stock, $5 par; 20 million shares authorized; 15 million shares issued and 9 million shares outstanding at 12/31/2021; and ____ million shares issued and ____ shares outstanding at 12/31/2020. $ 75 million $ 45 million Additional paid-in capital on common stock 520 million 392 million Retained earnings 197 million 157 million Treasury common stock, at cost, 6 million shares at 12/31/2021 and 4 million shares at 12/31/2020 (72 million) (50 million) Total shareholders’ equity $ 720 million $ 544 million What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2021? Multiple Choice $39 per share. Cannot be determined from the given information. $26 per share. $5 per share.
An entity provided the following shareholders' equity at year-end:Ordinary share capital, P100 par, 72,000 shares 7,200,000Subscribed ordinary share capital, 12,000 shares 1,200,000Subscription receivable 400,000Treasury shares, 4,000 at cost 600,000Retained earnings 2,000,000What is the book value per ordinary share?
The balance sheet of Consolidated Paper, Inc., Included the following shareholders' equity accounts at December 31, 2020: Paid-in capital: Preferred stock, 8.0, 93,000 shares at $1 par Common stock, 434,300 shares at $1 par Paid-in capital-excess of par, preferred Paid-in capital-excess of par, common Retained earnings Treasury stock, at cost; 4,300 common shares ar $ 93,000 434,300 1,545,000 2,595,000 9,245,000 (51,600) $13,860,700 16 Total shareholders' equity During 2021, several events and transactions affected the retained earnings of Consolidated Paper. Required: 1. Prepare the appropriate entries for these events. a. On March 3, the board of directors declared a property dividend of 265,000 shares of Leasco International common stock that Consolidated Paper had purchased in January as an investment (book value: $772,000). The investment shares had a fair value of $3 per share and were distributed March 31 to shareholders of record March 15. b. On May 3, a 5-for-4 stock split was…

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If 150 million shares of common stock are issued with a par value of $3 and additional paid-in capital is $900 million, the total par value of the issued shares is: A) $300 million B) $450 million C) $900 million D) $1.2 billion