Pidris Corporation reported the following December 31 10% Cumulative preferred stock, $50 par Common stock, $5 par Additional paid-in capital Retained earnings 2019 $200,000 240,000 160,000 480,000 150,000 2018 $200,000 180,000 130,000 430,000 Net income Additional information: On May 1, 2019, 12,000 shares of common stock were issued. The preferred dividends were not declared during 2019. The market price of the common stock was $100 at December 31, 2019. The rate of return on common stock equity for 2019 is:

Pidris Corporation reported the following December 31 10% Cumulative preferred stock, $50 par Common stock, $5 par Additional paid-in capital Retained earnings 2019 $200,000 240,000 160,000 480,000 150,000 2018 $200,000 180,000 130,000 430,000 Net income Additional information: On May 1, 2019, 12,000 shares of common stock were issued. The preferred dividends were not declared during 2019. The market price of the common stock was $100 at December 31, 2019. The rate of return on common stock equity for 2019 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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The stockholders' equity of Bonita Industries at July 31, 2021 is presented below: Common stock, par value $20, authorized 400,000 shares; issued and outstanding 170000 shares $3400000 Paid-in capital in excess of par 156000 Retained earnings 642000 $4198000 On August 1, 2021, the board of directors of Bonita declared a 16% stock dividend on common stock, to be distributed on September 15th. The market price of Bonita's common stock was $68 on August 1, 2021, and $74 on September 15, 2021. What is the amount of the debit to retained earnings as a result of the declaration and distribution of this stock dividend? a. $1849600. b. $1020000. c. $2012800. d. $1305600.
Weighted Average Shares At the beginning of 2019, Hardin Company had 380,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock: March 1 Issued 43,000 shares of stock at $23 per share. June 1 Issued a 10% stock dividend. July 1 Issued 14,000 shares of stock at $28 per share. Aug. 31 Issued a 2-for-1 stock split on outstanding shares, reducing the par value to $5 per share. Oct. 31 Reacquired 91,000 shares as treasury stock at a cost of $31 per share. Nov. 30 Reissued 47,000 treasury shares at a price of $34 per share. Required: 1. Determine the weighted average number of shares outstanding for computing the current earnings per share. Round your interim computations and final answer for the number of shares to nearest whole number. _______shares2. Determine the number of common shares outstanding at December 31, 2019. _____________ shares
Weighted Average Shares At the beginning of 2019, Hardin Company had 320,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock: March 1 Issued 44,000 shares of stock at $25 per share. June 1 Issued a 15% stock dividend. July 1 Issued 13,000 shares of stock at $30 per share. Aug. 31 Issued a 2-for-1 stock split on outstanding shares, reducing the par value to $5 per share. Oct. 31 Reacquired 90,000 shares as treasury stock at a cost of $33 per share. Nov. 30 Reissued 41,000 treasury shares at a price of $36 per share. Required: 1. Determine the weighted average number of shares outstanding for computing the current earnings per share. Round your interim computations and final answer for the number of shares to nearest whole number. fill in the blank 1 shares2. Determine the number of common shares outstanding at December 31, 2019. fill in the blank 2 shares
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The Stockholders' Equity accounts of ExxonMobil on December 31, 2022 were as follows: Preferred Stock ( 6%, $100 par, cumulative, 800 authorized) $720,000 Common Stock ($3 par, 1,500,000 authorized) 1,080,000 APIC - Preferred Stock APIC-Common Stock Retained Earnings Treasury Stock - Common ($9 cost) During 2023, ExxonMobil had the following transactions and events pertaining to its stockholders' equity: March 21: Issued 24,000 shares of Common Stock in exchange for Land. On the date of purchase, the Land had a Fair Market Value of $210,000 and the stock was selling for $11 per share. April 17: Sold 1,800 shares of Treasury Stock - Common for $12 per share. November 22: Purchased 800 shares of Common Stock for the Treasury at a cost of $7,560. December 31: Determine that net income for the year was $556,000. Dividends were declared and paid during December. These dividends included a $0.20 per share dividend to common stockholders of record as of December 12. Preferred dividends are…