Subject: accounting If ABC Corp. has 120,000 shares of common stock authorized, has 75,000 shares of common stock issued and holds 6,000 shares of common stock as treasurystock, the total number of outstanding shares of ABC Corp. amounts to:A 69,000B. 114,000OC 45,000OD. 51,000

Common stock is a type of security that represents ownership in a corporation. When a company issues…

Answered: If ABC Corp. has 120,000 shares of…

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

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Problem 5MCQ

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See the attached image for information:a. How many treasury shares are held by the corporation as of December 31, 2021? (Provide solution)b. How much is the total shareholders’ equity as of December 31, 2021? (Provide solution)
If West Corporation has 80,000 ordinary shares authorized, has 50,000 ordinary shares issued, and holds 4,000 ordinary shares as treasury stock, the total number of outstanding shares of West Corporation amounts to?
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 Bolt Corporation has an authorized capital stock of 200,000 shares at P25 par value. Capital stock is P3,125,000, Subscribed capital stock is P375,000, and treasury stock is 500 shares at P17,500. The outstanding shares will be ?
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; 34 million shares authorized; 29 million shares issuedand 25 million shares outstanding at 12/31/2021; and ____million sharesissued and ____shares outstanding at 12/31/2020. $ 145 million $ 125 million Additional paid-in capital on common stock 521 million 392 million Retained earnings 194 million 158 million Treasury common stock, at cost, 4 million shares at 12/31/2021 and 2 millionshares at 12/31/2020 (69 million) (47 million) Total shareholders’ equity $ 791 million $ 628 million What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2021?
A corporation has the following account balances: Common stock, $1 par value, $42000; Paid-in Capital in Excess of Par, $730000. Based on this information, the O number of shares outstanding is 772000. O legal capital is $772000. O number of shares issued is 42000. O average price per share issued is $6.96.
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
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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.
A corporation has the following account balances: Common Stock. $1 par value, $80000; Paid-in Capital in Excess of Par Value, $2710000. Based on this information, the O average price per share issued is $3.49. O number of shares issued is 80000 O number of shares outstanding is 2790000. O legal capital is $2790000.
The shareholders' equity of Laguz Inc. as of January 1, 2021, is as follows: Share Capital Ordinary Shares, P6 par value P1,500,000 1,000,000 shares authorized, 250,000 shares issued and outstanding 820,000 Share Premium - Ordinary Total Share Capital P2,320,000 970,000 Retained Earnings - Unappropriated Total Shareholders' Equity P3,290,000 Transactions for the year 2021 were as follows: Jan. 5 Jan. 10 The board of directors declared a 2-for-1 share split. The board of directors obtained authorization to issue 50,000 non-cumulative 6% preference shares with a par value of P100. Feb. 3 Issued 12,000 ordinary shares for a building appraised at P96,000. Mar. 15 Purchased 8,000 ordinary shares for P64,000. Apr. 6 Issued 20,000 preference shares for P100 per share. Sold 5,000 treasury shares for P35,000. May 10 Jun. 19 Declared cash dividends of P6 per preference share and P0.20 per ordinary share. Jul. 14 Date of record for the dividends. Aug. 18 Sept. 22 Paid the preference and ordinary…
The following data were compiled prior to preparing the balance sheet of the Conrad Corporation as of December 31, 2022, the first year of operation: Issued ordinary shares, P150 par value P7,500,000 Cash dividends payable 160,000 Share dividends distributable (15% share dividends; FV of shares is P170 per share on date of declaration and P180 per share on expected date of distribution) 1,296,000 Share premium from donation (building donated with cost of P800,000 and FV of P1,200,000 on date of donation by a shareholder) 800,000 Share premium – ordinary (from issuance of 40,000 ordinary shares) 600,000 Appropriation of RE for plant expansion 400,000 Revaluation surplus – land 800,000 Retained earnings – unappropriated 2,540,000 Subscribed shares – ordinary 3,000,000 Shares subscriptions receivable – ordinary (collectible in 2 years) 900,000 Shares warrants outstanding ?…

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If ABC Corp. has 120,000 shares of common stock authorized, has 75,000 shares of common stock issued and holds 6,000 shares of common stock as treasury stock, the total number of outstanding shares of ABC Corp. amounts to: ⒸA 69,000 B. 114,000 ⒸC 45,000 OD. 51,000