Problem 2-16 Statement of Retained Earnings (LG2-1)Use the following Information to find dividends paid to common stockholders during 2021. (Enter your answers in millions of dollars.)Balance of retained earnings, December 31, 2020Plus: Net income for 2021Less: Cash dividends paidPreferred stockCommon stockTotal cash dividends paidBalance of retained earnings, December 31, 2021(in millions of dollars)$$1$48215470

Balance of retained earnings, Dec 31, 2020$462 millionNet income for 2021$15 millionPreferred stock…

Answered: Problem 2-16 Statement of Retained…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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4 XYZ stock price and dividend history are as follows: Beginning-of- Year Year Price Dividend Paid at Year-End 2018 $ 120 $ 2 2019 129 2 2020 pints 2021 2 2 115 120 An investor buys six shares of XYZ at the beginning of 2018, buys another two shares at the beginning of 2019, sells one share at the beginning of 2020, and sells all seven remaining shares at the beginning of 2021. Required: a. What are the arithmetic and geometric average time-weighted rates of return for the investor? (Do not round intermediate calculations. Round your answers to 2 decimal places.) × Answer is complete but not entirely correct. Arithmetic time-weighted average returns Geometric time-weighted average returns 1.99 % 1.59% b-1. Prepare a chart of cash flows for the four dates corresponding to the turns of the year for January 1, 2018, to January 1, 2021. (Negative amounts should be indicated by a minus sign.) Answer is complete but not entirely correct. Date 01/01/2018 Cash Flow $ (720) Return to ques
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Problem 11-2A Cash dividends, treasury stock, and statement of retained earnings LO C3, P2, P3 Kohler Corporation reports the following components of stockholders' equity at December 31, 2018. Connon stock-$15 par value, 100,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity During 2019, the following transactions affected its stockholders' equity accounts. 2 Purchased 5,500 shares of its own stock at $15 cash per share, 5 Directors declared a 56 per share cash dividend payable on February 28 to the February 3 stockholders of record. Jan. Jan. $750,000 70,000 400,000 $1,220,000 Oct. Dec. Feb. 28 Paid the dividend declared on January 5. July 6 Sold 2,063 of its treasury shares at $19 cash per share. Aug. 22 Sold 3,437 of its treasury shares at $12 cash per share. Sept. 5 Directors declared a $6 per share cash dividend payable on October 28 to the September 25 stockholders of…
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Compute 2022 Basic EPS given the following data: 2022 $25,000,000 $15,000,000 $10,000,000 Total Assets Total Liabilities. Total Stockholders' Equity Common Stock; $1 par value; 100,000 shares issued and outstanding 12/31/2021 & 12/31/2022 Preferred Stock; $100 par value; 500 shares issued and outstanding 12/31/2021 & 12/31/2022 Preferred Dividends Common Dividends Net Income (Consolidated) Non-Controlling Interest in Income $8.90 per share $8.10 per share O $9 per share O $10 per share $100,000 $50,000 $10,000 $40,000 $1,000,000 $90,000 2021 $24,000,000 $14,500,000 $9,500,000 $100,000 $50,000 $10,000 $30,000 $950,000 $95,000
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Mady Entertainment Inc. showed the following equity account balances on the December 31, 2022, balance sheet Common shares, unlimited authorized shares, 640, 000 shares issued and outstanding Retained earnings $5, 760, 000 2, 130, 000 During 2023, the following selected transactions occurred: Apr. 1 Repurchased and retired 168,000 common shares at $10.00 per share; this is the first retirement recorded by Mady. June 1 Declared a 2:1 share split to shareholders of record on June 12, distributable June 30. Dec. 1 Declared a 10% share dividend to shareholders of record on December 10, distributable December 20. The market prices of the shares on December 1, December 10, and December 20 were $ 7.00, $6.76, and $6.90, respectively. 20 Distributed the share dividend declared December 1. 31 Closed the credit balancs of $756, 000 in the Income Sumary account. Required: a. Journalize the transactions above (assuming the retirements were the first ever recorded by Mady Entertainment Inc). The…

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