Klug Corporation reported the following information at December 31:Preferred stock, $10 par, 10,000 shares authorized, issued, andoutstanding: cumulative; nonparticipating: callable at par value $ 100,000Common stock, $1 par, 500,000 shares authorized100,000Additional paid-in capital - Common25,000Retained earnings75,000Total stockholders' equity$300,000The total paid in capital is:Select one:a. $175,000b. $225.000c. $ 75,000d. $ 25,000

Paid in capital refers to the amount received by the company whether in cash or in kind for issue of…

Kog Preferred stock, $10 par, 10,000 shares authorized, issued, and outstanding cumulative; nonparticipating callable at par value S 100.000 Common stock. $1 par, 500,000 shares authorized 100,000 Additional paid-in capital - Common 25.000 Retained earnings 75,000 Total stockholders' equity $300,000 The total paid in capital is:

Kog Preferred stock, $10 par, 10,000 shares authorized, issued, and outstanding cumulative; nonparticipating callable at par value S 100.000 Common stock. $1 par, 500,000 shares authorized 100,000 Additional paid-in capital - Common 25.000 Retained earnings 75,000 Total stockholders' equity $300,000 The total paid in capital is:

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Paragraph Styles Below are select 1/1/Y7 balances for Victory Corporation's stockholders' equity accounts: 6% Preferred Stock $50,000,000 $ 4,500,000 $ 2,700,000 * Cost is $9/share Common Stock Treasury C/S* Following are 20Y7 transactions for Victory. Victory Corporation's fiscal year end is 12/31. Date Transaction Description 01/22/Y7 Issued 70,000 shares of no-par Preferred Stock with a stated value of $25 for $28 per share. Issued 100,000 shares of $3 par Common Stock for $17 per share. Declared a 15% common stock dividend to shareholders of recorOon 3/15/Y7 issuable on 3/31/Y7. The market price of Victory common stock on 03/01/Y7 was $15 per share. 02/10/Y7 03/01/Y7 03/31/Y7 Issued the common stock dividend declared on 03/01/Y7. 05/15/Y7 Declared a 3-for-1 stock split on the common stock when the market price was $18 per share. 06/09/Y7 Sold all the stock held in its treasury for $7/share. Purchased 40,000 shares of its own stock for $6 per share. Sold 13,000 shares of treasury…
Walking Bear Resources Inc. Equity Section of the Balance Sheet March 31, 2023 Contributed capital: Preferred shares, $17 cumulative, 3,500 shares authorized, issued, and outstanding Common shares, unlimited shares authorized, se,000 shares issued and outstanding Total contributed capital Retained earnings Total equity 1,190,000 1,200,000 2,390,000 472,000 2,062,000 Required: a. Refer to the equity section above. Assume that the preferred are convertible into common at a rate of eight common shares for each share of preferred. if 1000 shares of the preferred are converted into common on April 1, 2023, prepare the journal entry
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Dividend constraints The Howe Company's stockholders' equity account is as follows: have been included as part of the $2.1 million retained earnings. a. What is the maximum dividend per share that the firm can pay? (Assume that legal capital includes all paid-in capital.) b. If the firm has $180,000 in cash, what is the largest per-share dividend it can pay without borrowing? The earnings available for common stockholders from this period's operations are $100,000, which c. Indicate the accounts and changes, if any, that will result if the firm pays the dividends indicated in parts a and b. d. Indicate the effects of an $80,000 cash dividend on stockholders' equity. a. The maximum dividend per share that the firm can is $ (Round to the nearest cent.)
Show entries from A to G?
Question: How many preference shares were issued and outstanding? How many ordinary shares were issued and outstanding?
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8
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