On December 31, 2014, Ludwig Inc showed the following (All of the shares had been issued early in 2013) Eguy iectn o Ditance heet Detamberat 2014 Contributed captal Preferred shares, $4.00 unimiled shares authortred 15,000 share issued and outstanding Common shares, unlimited shares authorized 70,000 shares issued and outstanding Total contributed capital Retained eamings Total equity 225,000 630,000 855,000 370,000 1,225,000 a) Calculate book value per common share and prefened share at December 31, 2014, assuming no divdends were declared for the years ended December 31, 2013 and 2014, and that the prefomed shares are Prefered shares are non-cumulative Prefered shares are cumutative Book value per common share Book value per common share Book value per preferred share Book value per prefered share b) Calculate book value per common share and prefened share at December 31, 2014, assuming total dividends of $78,000 were declared and paid in each of the years ended December 31, 2013 and 2014, and that the preferred shares are Preferred shares are cumulative Preferred shares are non-cumutative Book value per common share Book value per prefemed share Book value per common share Book value per preferred share

On December 31, 2014, Ludwig Inc showed the following (All of the shares had been issued early in 2013) Eguy iectn o Ditance heet Detamberat 2014 Contributed captal Preferred shares, $4.00 unimiled shares authortred 15,000 share issued and outstanding Common shares, unlimited shares authorized 70,000 shares issued and outstanding Total contributed capital Retained eamings Total equity 225,000 630,000 855,000 370,000 1,225,000 a) Calculate book value per common share and prefened share at December 31, 2014, assuming no divdends were declared for the years ended December 31, 2013 and 2014, and that the prefomed shares are Prefered shares are non-cumulative Prefered shares are cumutative Book value per common share Book value per common share Book value per preferred share Book value per prefered share b) Calculate book value per common share and prefened share at December 31, 2014, assuming total dividends of $78,000 were declared and paid in each of the years ended December 31, 2013 and 2014, and that the preferred shares are Preferred shares are cumulative Preferred shares are non-cumutative Book value per common share Book value per prefemed share Book value per common share Book value per preferred share

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

Calculate weighted avg common stock outstanding and basic eps for year ended December 31, 2016. Corporation December 31, 2016. information: 1. authorized to issue 10,000,000 shares of $10 par value common stock. January 1, 2016, 1,500,000 shares of common stock issued and outstanding. also authorized to issue 2,000,000 shares of 5% $100 par value cumulative preferred stock. January 1, 2016, 400,000 shares of cumulative preferred stock issued and outstanding. net income 2016 - 13,480,000 during 2016:January 1 – a 15% stock dividend February 1—250,000 shares of common stock issued toexecutive employees as restricted stock compensation.market value on grant date - $25 per share.April 1— A 10% common stock dividendJuly 1— 300,000 shares common stock issued for a factory building.September - 2-for-1 split common stockOctober 1—f 50,000 shares common stockpurchased on market at $8 per share. to be held as treasury stock and still in the treasury as of December 31, 2016.Common stock cash…
Please help me
On January 1, 2013, Warhol Company issued 2 comma 000 shares of 10, $ 110 par value, cumulative preferred stock for $ 100 comma 000 On December 30, 2015, the Board declared dividends of $ 30 per share on the preferred stock What journal entry is necessary for the declaration of dividends
ABC Co. is authorized to issue 5,000,000, $6 par ordinary shares and 100,000, $50 par 9% cumulative preference shares. At the end of 2017, the company has the following equity accounts: Account |Share capital-ordinary Share capital-preference |Share premium-ordinary |Share premium-preference Treasury shares |Retained Earnings Balance @ 31/12/2017 ($) 1,800,000 | 1,000,000 400,000 500,000 320,000 | 2,000,000 Additional information: SHARE There were 260,000 ordinary shares outstanding at 31/12/2017. • The company did not pay any preference dividends for the year 2017. The following equity transactions occurred during the year 2018 (in chronological order). 1. Declared and paid the preference dividends in arrears by reissuing 10,000 treasury shares. 2. Issued 5,000 preference shares at $55 per share. 3. Sold 15,000 treasury shares at $9 per share. 4. Announced a 2 for 1 share split for ordinary shares 5. Declared and distributed a 5% share dividend to outstanding ordinary shareholders.…
1. At March 31, 2012, True had 9,571,200 shares issued with a par value of $4.00 per share and $62,600 share held in treasury. On April 25, 2012, the company announced that its Board of Directors approved payment of a regular quarterly cash dividend of .75 per share, payable on May 15, 2012, to common shareholder of record on May 7,2012. Assume no shares were acquired or sold by the company after March 31. Give the journal entry to record the declaration of the cash dividend.
The December 31, 2014, equity section of Zalicus Inc.'s balance sheet appears below. Zalicus Inc. Equity Section of the Balance Sheet December 31, 2014 Contributed capital: Preferred shares, $3.75 cumulative, 35,000 shares authorized and issued Preferred shares, $10 non-cumulative, 8,500 shares authorized and issued Common shares, 350,000 shares authorized and issued Total contributed capital Retained earnings Total equity $1,610,000 Required: All the shares were issued on January 1, 2012 (when the corporation began operations). No dividends had been declared during the first two years of operations (2012 and 2013). During 2014, the cash dividends declared and paid totalled $588,300. cumulative preferred shares non-cumulative preferred shares 620,000 1,700,000 $3,930,000 716,600 $4,646,600 1.Calculate the amount of cash dividends paid during 2014 to each of the three classes of shares. (Do not round intermediate calculations. Round your answers to the nearest whole dollar amount.)…
Please help me
On January 1, 2010, the accounts of Mac Corporation showed the following: Common stock, par SI, authorized 100.000 shares Capital in excess of par value ($2 per share) Retained carnings 60,000 140,000 During 2010, the following transactions occurred affecting stockholders' equity (in the order given) A B. C. D. Issued a 100° stock dividend when the market price was at $5 per share. Purchased treasury stock, 1.000 shares at a total cost of $8.000. Declared and paid cash dividends. SI5.000. Net income for 2010. S25.000
Question(C) 1. On Septensber 1, 2015, Valdez Company reacquired 12,000 shares of ths$10par value ondinary shares for$15per share. Valdez uses the cost method to account for treasury shares. The joumal entry to record the reacquisition of the shares should debit a. Treasury Shares for$120,000. b. Share Capital-Ordinary for$120,000. c. Share Capital-Ordinary for$120,000and Share Premium-Ordinary for$60,000. 2. Long Co, issued 100,000 shares of$10par ordinary shares for$1,200,000. Long aequired 8,000 shares of its own shares at 515 per share. Three months later Long sold 4,000 of these shares at$19per share. If the cost method is used to record treasury shares transactions, to record the sale of the 4,000 treasury shares, Long should credit a. Treasury Shares for$76,000. b. Treasury Shares for$40,000and Share Premium-Treasury for$36,000. c. Treasury Shares for$60,000and Share Premium-Treasury Stock for$16,000. d. Treasury Shares for$60,000and Share Premium-Ordinary for$16,0003. Glavine…