Total par value of the issue share is 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

Step 1: Identify the given values.Number of shares issued: 150 million sharesPar value per share:…

Answered: If 150 million shares of common stock…

FINANCIAL ACCOUNTING

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ISBN:9781259964947

Author:Libby

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Chapter1: Financial Statements And Business Decisions

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What is the total par value of the issued shares of this financial accounting question?
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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
Please give me correct answer this financial accounting question
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 =
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On December 31, 2019 and 2020, Carr Company had outstanding 40,000 preference shares with P100 par value and 6% cumulative, and 200,000 ordinary shares with P10 par value. On December 31, 2020, dividends in arrears on the preference shares were P120,000. Cash dividends declared in 2020 totaled P440,000. What is the dividend payable on each class of share capital in 2020? Show your solution.
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

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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