piva, Inc. recorded the following capital stock transactions: Balance Sheet Assets = Liabilities + Stockholders' Equity Common PIC in Excess of Treasury PIC from Stock + Common Stock + Stock + Treasury Stock 1) 1,092,500 115,000 977,500 (2) (61,600) (61,600) 3) 49,920 42,240 7,680 Jse the following additional information about the above transactions when answering questions a through e. 1) issued common stock for $19 cash per share 2) purchased treasury shares at $22 per share. 3) sold some of the treasury shares: . How many shares were originally issued? p. What was the par value of the shares issued? $ : How many shares of treasury stock were acquired? 1. How many shares of treasury stock were sold? . At what price per share was the treasury stock sold? $

piva, Inc. recorded the following capital stock transactions: Balance Sheet Assets = Liabilities + Stockholders' Equity Common PIC in Excess of Treasury PIC from Stock + Common Stock + Stock + Treasury Stock 1) 1,092,500 115,000 977,500 (2) (61,600) (61,600) 3) 49,920 42,240 7,680 Jse the following additional information about the above transactions when answering questions a through e. 1) issued common stock for $19 cash per share 2) purchased treasury shares at $22 per share. 3) sold some of the treasury shares: . How many shares were originally issued? p. What was the par value of the shares issued? $ : How many shares of treasury stock were acquired? 1. How many shares of treasury stock were sold? . At what price per share was the treasury stock sold? $

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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From page 10-1 of the VLN, what is the difference between issued shares and outstanding shares? A. Authorized shares. B. Unissued share. C. Treasury shares. D. There is no difference between issued shares and outstanding shares.
Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the 2018 Merck & Co. Inc. balance sheet. Stockholders' Equity ($ millions, except par value) 2018 Common stock, $0.50 par value; 6,500,000 authorized shares; 3,577,107,522 issued shares $1,789 Other paid-in capital 31,046 Retained earnings 34,063 Accumulated other comprehensive loss (4,436) Stockholders' equity before deduction for treasury stock $62,103 Less treasury stock, at cost: 984,543,979 shares Total Merck & Co. Inc. stockholders' equity 40,743 $21,360 a. Show the computation of the $1,789 million in the common stock account. shares x $ per share is approximately $ million on the balance sheet. b. At what average price were the Merck common shares issued? Note: Round your answers to two decimal places (for example, enter 67.49 for 67.48555). per share c. At what average cost was the Merck treasury stock purchased? Note: Round your answers to two…
aved Required information E11-4 (Algo) Reporting Stockholders' Equity LO11-1, 11-2, 11-3 [The following information applies to the questions displayed below.] The financial statements for Highland Corporation included the following selected information: Common stock $1,010,000 $ 770,000 $1,080,000 101,000 75,000 $ 650,000 Retained earnings Net income Shares issued Shares outstanding Dividends declared and paid The common stock was sold at a price of $31 per share. E11-4 Part 4 4. Compute earnings per share. (Round your answer to 2 decimal places.)
Required information [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50 par value Common stock, $5 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity $0 13,000 28,600 Basec the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. Average price 41,600 46,000 (2,300) $85,300 3. Total paid-in capital is $41.60 million. At what average price per share were the common shares issued? per share
For a recent 2-year period, the balance sheet of Bramble Company showed the following stockholders' equity data at December 31 (in millions). Additional paid-in capital Common stock Retained earnings Treasury stock Total stockholders' equity Common stock shares issued Common stock shares authorized Treasury stock shares (a) Answer the following questions. 2025 Par value of common stock $ $900 663 7,200 1,764 221 500 2024 36 $810 654 $6,999 $5,878 5,310 896 218 500 28 1. What is the par value of the common stock? (Round par value to 2 decimal places, e.g. 3.15.)
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The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5: December 31 20Υ7 20Y6 20Υ5 Total assets $192,000 $173,000 $154,000 Notes payable (8% interest) 60,000 60,000 60,000 Common stock 24,000 24,000 24,000 Preferred 4% stock, $100 par 12.000 12,000 12,000 (no change during year) Retained earnings 70,415 45,870 36,000 The 20Y7 net income was $25,025, and the 20Y6 net income was $10,350. No dividends on common stock were declared between 20Y5 and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 20Y7. a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years 20Y6 and 20Y7. Round percentages to one decimal place. 20Y7 20Υ6 Return on total assets % Return on stockholders' equity Return on common stockholders' equity % b. The profitability ratios indicate that the company's profitability has Since the rate of return on total…
Presented below is information related to Cullumber Corporation: Common Stock, $1 par $10364000 Paid-in Capital in Excess of Par-Common Stock 6542000 Paid-in Capital from Treasury Stock 430000 Retained Earnings 9548000 696000 Treasury Common Stock (at cost) The total stockholders' equity of Cullumber Corporation is O $27580000. $26188000. $27150000. $25328000.
Understanding EPS Calculations: On its Form 10-K, for December 31, 20X5, Bank of America reported information related to basic earnings per share. Fill in the missing information based on the table below. $ millions, except per share amounts 20X5 20X4 20X3 Net Income $15,888 $4,833 D Preferred Stock Dividends $1,483 B $1,349 Net Income Applicable to Common Shareholders $14,405 C $10,082 Average Common Shares Outstanding 10,462,282 10,527,818 E Basic Earnings per Share (EPS) A $0.36 $0.94