Presented below is information related to Hale Corporation:Common Stock, $1 parPaid-in Capital in Excess of Par-Common StockPreferred 8 1/2 % Stock, $50 par$3,500,000550,0002,000,000Paid-in Capital in Excess of Par-Preferred Stock 400,000Retained Earnings1,500,000Treasury Common Stock (at cost)150,000The total paid-in capital (cash collected) related to the common stock isOa. $3,500,000.Ob. $4,050,000.Oc. $5,450,000.Od. $3,900,000.

Total paid in capital is the sum of par value of stock and paid in capital in excess of par. The par…

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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 section of the January 1, 2031 balance sheet for XYZ Company is given below: Common stock, $14 par value ................. $525,000 Paid-in capital – common stock .............. $150,000 Treasury stock (14,000 shares @ $16 cost) ... $224,000 Paid-in capital – treasury stock ............ $ 13,000 Retained earnings ........................... $107,000 XYZ Company entered into the following transactions during 2031: a. Re-issued 2,000 of the treasury shares for $11 per share. b. Re-issued 3,000 of the treasury shares for $13 per share. c. Issued 5,000 shares of previously un-issued common stock for $21 per share. d. Re-issued 6,000 of the treasury shares for $19 per share. Calculate the balance in the retained earnings account after all four transactions above are recorded.
Required information Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends $ 17,700 26,000 215,000 365,000 Exercise 11-13 (Algo) Dividends on common and cumulative preferred LO C2 York's outstanding stock consists of 70,000 shares of cumulative 8.0% preferred stock with a $5 par value and also 230,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends: Note: Round your "Dividend per Preferred Share" answer to 3 decimal places. Par Value per Preferred Share Dividend Rate Dividend per Preferred Number of Preferred Preferred Dividend Share Shares Annual Preferred Dividend: Dividends in Total Cash Dividend Paid Paid to Preferred Paid to Common Arrears at year-end Year 1 $ 17,700 Year 2 26,000 Year 3…
Hello, can I have a step by step solution of cash dividend, stock dividend, and stock split.
KA.
The following accounts appear in the ledger of Sapphire Corporation on December 31, 2011: $30,000 60,000 7,000 18,000 40,000 5,000 2,000 Preferred Stock Common Stock Paid-in Capital in Excess of Par Value, Preferred Paid-in Capital in Excess of Par Value, Common Retained Earnings Treasury Stock Dividend Required: What is the Impact of Treasury Stock in the Stockholder's Equity and why do companies have Treasury Stock? What is dividend and how does it impact the company's stockholder's equity section? How much is the total additional paid-in capital in 2011?
Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Year 1 total cash dividends Year 2 total cash dividends Year 3 total cash dividends Year 4 total cash dividends xercise 11-11 (Algo) Dividends on common and noncumulative preferred stock LO C2 ork's outstanding stock consists of 80,000 shares of noncumulative 6.0% preferred stock with a $5 par value and also 300,000 ares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following tal cash dividends: etermine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. ote: Round your "Dividend per Preferred Share" answer to 3 decimal places. nnual Preferred Dividend: ear 1 ear 2 ear 3 ear 4 otal: Par Value per Preferred Share $ 5.00 Total Cash Dividend Paid $ 13,000 22,000 250,000 400,000 Dividend Rate 13,000 22,000 250,000 400,000 685,000 $ $…
A corporation has the following account balances: Common stock, $1 par value, $42000; Paid-in Capital in Excess of Par, $730000. Based on this information, the O number of shares outstanding is 772000. O legal capital is $772000. O number of shares issued is 42000. O average price per share issued is $6.96.
Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the 2018 Merck & Co. Inc. balance sheet. Stockholders' Equity ($ 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…
The trial balance of Oriole Inc. includes the following balances: Common Stock, $41000; Paid-in Capital in Excess of Par, $64200; Treasury Stock, $5500; Preferred Stock, $30400. Capital stock totals $105200. $141100. $135600. $71400.
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