Presented below is information related to Getty Corporation: Subscriptions Receivable, Ordinary Stock P 120,000 Ordinary Stock, P1 par 3,600,000 Ordinary Stock Subscribed 240,000 Share premium in Excess of Par—Ordinary Stock 210,000 Preference 8 1/2% Stock, P50 par 1,200,000 Share premium in Excess of Par—Preference Stock 240,000 Retained Earnings 900,000 Treasury Ordinary Stock (at cost) 90,000 The total stockholders' equity of Getty Corporation is?

Presented below is information related to Getty Corporation: Subscriptions Receivable, Ordinary Stock P 120,000 Ordinary Stock, P1 par 3,600,000 Ordinary Stock Subscribed 240,000 Share premium in Excess of Par—Ordinary Stock 210,000 Preference 8 1/2% Stock, P50 par 1,200,000 Share premium in Excess of Par—Preference Stock 240,000 Retained Earnings 900,000 Treasury Ordinary Stock (at cost) 90,000 The total stockholders' equity of Getty Corporation 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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9. Home Co. reported the following amounts in the stockholders’ equity section of its balance sheet dated Dec. 31, 2021: Preference share capital (P150 par value, 20,000 shares) 3,000,000 Ordinary share capital (P37.50 par value, 100,000 shares) 3,750,000 Share premium reserve 6,000,000 Accumulated profits 4,500,000 Treasury stock, at cost (5,000 ordinary shares) 250,000 On January 2, 2022, Home sold 20,000 additional shares of ordinary share for P90 per share. Late in 2022, it was learned that because of mathematical error, an overstatement of depreciation expense by P375,000 had occurred in 2015. Home reported net income of P825,000 for 2022. Home declared cash dividends of P150,000 on preference share and P450,000 on the ordinary…
The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par value 20,000 shares authorized, 10,000 shares issued, and 9,000 shares outstanding Paid-in capital in excess of par value, common stock Retained earnings $ 100,000 50,000 25,000 Treasury stock 11,500 Assuming the treasury shares were all purchased at the same price, the cost per share of the treasury stock is: Multiple Choice $1.15. $1.28. $11.50. $10.50. $10.00.
On January 1, 2024, Dolar Incorporated had the following account balances in its shareholders' equity accounts. $ 241,000 482,000 195,000 1,950,000 3,900,000 20,500 Common stock, $1 par, 241,000 shares issued Paid-in capital-excess of par, common Paid-in capital-excess of par, preferred Preferred stock, $100 par, 19,500 shares outstanding Retained earnings Treasury stock, at cost, 4,100 shares During 2024, Dolar Incorporated had several transactions relating to common stock. January 15: February 17: April 10: July 18: December 1: December 20: Declared a property dividend of 100,000 shares of Burak Company (book value $11.9 per share, fair value $9.95 per share). Shareholders' equity Distributed the property dividend. A 2-for-1 stock split was declared and distributed on outstanding common stock and effected in the form of a stock dividend. (Dolar chose to reduce Paid-in capital-excess of par.) The fair value of the stock was $4 on this date. Declared and distributed a 4% stock dividend…
Jason’s Corp balance sheet as of December 31, 2021, reveals the following information. Preferred stock, $100 par $ 600,000 Paid-in capital in excess of par—preferred 50,000 Common stock, $1 par 300,000 Paid-in capital in excess of par—common 520,000 Retained earnings 320,000 What was the total paid-in capital as of December 31, 2021? Question 6Answer a. $320,000 b. $1,470,000 c. $900,000 d. $1,790,000
What is the total stockholders' equity based on the following data? Common Stock $900,000 Excess of Issue Price Over Par—Common Stock 375,000 Retained Earnings (deficit) (50,000) a.$900,000 b.$1,225,000 c.$1,275,000 d.$1,325,000
APL Corporation's records included the following stockholders' equity accounts Preferred Shares, par value P150, authorized shares 20,000 shares P. 1,875,000 Share Premium -Preference shares 375,000 Ordinary Shares, P50 par, 100,000 shares authorized 2,000,000 Share Premium Ordinary Shares 1,200,000 Retained Earnings 2,500,000 Treasury Stock, 5,000 shares of Ordinary Shares 475,000 1. Compute for the number of outstanding shares of Preference Shares? 2. How much is the average issue price of Ordinary Shares? 3. How much is the total stockholder's equity?
The following information is available for Hildebrand Corporation: Dividends paid to common stockholders $45,000 Dividends paid to preferred stockholders 20,000 Net income 295,000 Weighted average common shares outstanding 100,000 Compute the earnings per share of common stock. (Round answer to 2 decimal places, e.g. 10.50.) Earnings per share $
Presented below is information related to Sheridan Corporation: Common Stock, $1 par Paid-in Capital in Excess of Par-Common Stock 8 1/2% preferred Stock, $50 par Paid-in Capital in Excess of Par-Preferred Stock Retained Earnings Treasury Common Stock (at cost) $3480000 $6464000. $6315000. $7805000. $7954000. 555000 2040000 389000 1490000 149000 The total stockholders' equity of Sheridan Corporation is
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Flagler Corporation shows a total of $1,295,000 in its Common Stock account and $1,400,000 in its Paid-in Capital Excess account. The par value of Flagler's common stock is $7. How many shares of 4 Flagler stock have been issued? Multiple Choice 185,000 200,000 385,000 The number of shares cannot be determined using the information provided.
Before Gordon Corporation engages in the following treasury stock transactions, its general ledger reflects, among others, the following account balances (par value of its stock is $10 per share). Paid-in Capital in Excess of Par—Common Stock Common Stock Retained Earnings $108,000 $220,000 $40,000 Instructions Record the treasury stock transactions (given below) under the cost method of handling treasury stock; use the FIFO method for purchase-sale purposes. a. Bought 375 shares of treasury stock at $45 per share. b. Bought 320 shares of treasury stock at $56 per share. c. Sold 330 shares of treasury stock at $50 per share. d. Sold 120 shares of treasury stock at $37 per share.