Problem 2. The following transaction occurred during year 2022 for Z Corporation: 80,000 60,000 10,000 5,000 Shares authorized to issue Shares issued Shares subscribed Jan 2 Feb 1 Mar 1 Jun 1 Nov 1 Dec 1 Shares reacquired but was not canceled Two for one stock split 15% stock dividend Required: Determine the following with supporting computations: 1. number of shares issued 2. number of shares outstanding 3. number of shares in treasury
Q: Question2 Instructo Inc. showed the following shareholders' equity account balances at December 31,…
A: NOTE : As per BARTLEBY guidelines, when multiple sub parts are given then first three sub parts are…
Q: During 2022, the following transactions and events occurred. Issued 58,300 shares of $3 par value…
A: The shareholders' equity includes the issued capital and retained earnings of the business. The…
Q: On January 1,2022, the stockholders equity section of concord corporation shows common stock ($5…
A: Treasury stock refers to a method used by the organization to repurchase the issued stock. It is…
Q: On January 1, 2026, Crane Corp. had 487,000 shares of common stock outstanding. During 2026, it had…
A: The stock split is increasing the existing number of common shares into more, if there is a…
Q: The stockholders' equity section of Beta Corporation's balance sheet as of December 31, 2025 is as…
A: Note : Stock dividend is nothing but capitalisation of profit, it is a payment to shareholders that…
Q: 8) The following information is available for ABC Corporation: January 1, 2021 Shares…
A: Earnings per share is a financial measure to know the profitability of the company. Formulae for…
Q: What is the number of shares to be used in computing basic EPS? O 2,000,000 O 2,205,000.
A: Solution Concept While calculating the earning per share , the weighted average shares outstanding…
Q: On January 1, 2022, Monty Corp. had the following stockholders' equity balances. Common Stock…
A: The treasury stock represents the common stock purchased back by the company…
Q: The following information is available for Baton Corporation: January 1, 2021 Shares outstanding…
A: Basic earnings per share = (Net income - Preferred dividend) / Weighted average no. of common shares…
Q: The following information is available for Bunny Corporation: January 1, 2021 Shares outstanding…
A: Basic earnings per share = (Net income - Preferred dividend) / Weighted average no. of common shares…
Q: pina colada corporation had the following stockholders' equity accounts on january 1, 2022: common…
A: Treasury stock refers to shares of a company's own stock that it has previously issued and…
Q: Metlock Company's ledger shows the following balances on December 31, 2025. $207,000 4% Preferred…
A: Preferred Stock:The stock represents an ownership stake in a company. The dividend is at a fixed…
Q: On January 1, 2025, Sunland Corporation had 91.200 shares of $1 par value common stock issued the…
A: Journal Entries -Journal Entries are the records of the transactions that entered into by the…
Q: Item 1: On January 1, 2024, Entity L had 65,000 shares of $1 par value common stock issued and…
A: A journal entry is an invoice of a commercial transaction in an accounting system. It is used to…
Q: On January 1, 2024, Dolar Incorporated had the following account balances in its shareholders'…
A: Stockholders’ equity refers to the ownership interest in the business. It is the claim of the owners…
Q: Morrison Corporation had the following common stock record during the current calendar year:…
A: When the profit has to be divided by the number of shares, it is called earnings per share. In this…
Q: Item 1: On January 1, 2024, Entity L had 40,000 shares of $1 par value common stock issued and…
A: Journal Entry - Journal entry is the recording of business transaction in books of account, this is…
Q: for comparative financial statements at the end of 2022? 2. What is the weighted.average number of…
A: The shares outstanding do not include the treasury stock shares.
Q: sh dividends: December2017 $80,000 December2018 195,000 December2019 300,000 Required: 1.…
A: (1) Allocation of dividends to each class of stock, assuming that the preferred stock is 9% and not…
Q: The following information is available for Barone Corporation: January 1, 2022 Shares…
A: Issued shares are those shares which the owner decides to sell for cash. A company's outstanding…
Q: Common stock (par $2; no changes during the current year). Shares authorized, 5,000,e00. Shares…
A: 1)Shares issued: = Common stock account/ $2 par = $150,000/2 = 75,000 shares Shares outstanding:…
Q: Question Six: The following accounts appear in the ledger of Alico Corporation after the books are…
A: Stockholders' equity: Stockholders' equity means the net assets available to shareholders after…
Q: The stockholders' equity section of Riverbed Corporation's balance sheet as of December 31, 2025 is…
A: The stockholders equity is the residual interest in the value of an assets of a company after…
Q: On January 1, 2026, Sheridan Corp. had 491,000 shares of common stock outstanding. During 2026, it…
A: Shares are those instruments which are issued by the company to raise money from the public. It is…
Q: On January 1, 2021, Novak Corp. had 479,000 shares of common stock outstanding. During 2021, it had…
A: Weighted avg no of shares=Outstanding shares*period outstanding/12
Q: The following information relates to X, Y, and Z as at 30 June 2021 Stock Share price Number of…
A: A set of stocks, bonds, or other financial products are compared based on their index values. It is…
Q: Question Six: The following accounts appear in the ledger of Alico Corporation after the books are…
A: Stockholder means the person who invested in the stock/share of the company and are the real owners…
Q: On January 1,2022, the stockholders equity section of concord corporation shows common stock ($5…
A: Sale value of treasury stock=Number of shares×Value per share=11,000×$11=$121,000
Q: Function: SUM; Formula: Add, Subtract, Multiply, Divide; Cell Referencing Using Excel to Determine…
A: Calculation of weighted average number of shares :EventDates OutstandingShares…
Q: Fuerman Incorporated had the following common stock record during the current calendar year:…
A: EPS means earning being earned on each shareholder of the company. The more the EPS the more…
Q: Tiger Corp. provides the following data for calendar 2022 Net Income.. .$ 3,600,000 Transactions in…
A: Basic earnings per share is the per share amount which is attributable to equity shareholder's. In…
Q: Dublin Inc. had the following common stock record during the current calendar year. Outstanding,…
A: Solution: Number of shares to be used in basic EPS = (2000000*110%) + (100000*6/12*110%) +…
Q: On January 1, 2022, Cheyenne Corp. had the following stockholders’ equity accounts. Common Stock…
A: Stockholders' equity is the statement which is prepared for the reporting of the items relating to…
Step by step
Solved in 2 steps
- Alert Companys shareholders equity prior to any of the following events is as follows: The company is considering the following alternative items: 1. An 8% stock dividend on the common stock when it is selling for 30 per share. 2. A 30% stock dividend on the common stock when it is selling for 32 per share. 3. A special stock dividend to common shareholders consisting of 1 share of preferred stock for every 100 shares of common stock. The preferred stock and common stock are selling for 123 and 31 per share, respectively. 4. A 2-for-1 stock split on the common stock, reducing the par value to 5 per share (assume the same date for declaration and issuance). The market price is 30 per share on the common stock. 5. A property dividend to common shareholders consisting of 100 bonds issued by West Company. These bonds are carried on the Alert Company books as an available-for sale investment at a fair value of 48,000 (which is also its cost); it has a current value of 54,000. 6. A cash dividend, consisting of a normal dividend and a liquidating dividend, on both the preferred and the common stock. The 10% preferred dividend includes a 2% liquidating dividend, and the 2.30 per share common dividend includes a 0.30 per share liquidating dividend (separate liquidating dividend contra accounts should be used). Required: For each of the preceding alternative items: 1. Record (a) the journal entry at the date of declaration and (b) the journal entry at the date of issuance. 2. Compute the balances in the shareholders equity accounts immediately after the issuance (any gains or losses are to be reflected in the retained earnings balance; ignore income taxes).Stockholders' Equity Terminology A list of terms and a list of definitions or examples are presented below. Make a list of the numbers 1 through 12 and match the letter of the most directly related definition or example with each number Definitions and Examples Capitalizes retained earnings. Shares issued minus treasury shares. Emerson Electric will pay a dividend to all persons holding shares of its common stock on December 15, 2019, even if they just bought the shares and sell them a few days later. The accumulated earnings over the entire life of the corporation that have not been paid out in dividends. Common Stock account balance divided by the number of shares issued. The state of Louisiana set an upper limit of 1,000,000 on the number of shares that Gumps Catch Inc. can issue. Shares that never earn dividends. Any changes to stockholders equity from transactions with no owners. A right to purchase stock at a specified future time and specified price. j. A stock issue that requires no journal entry. k. Shares that may earn guaranteed dividends. 1. On October 15, 2019, General Electric announced its intention to pay a dividend on common stock.Raun Company had the following equity items as of December 31, 2019: Preferred stock, 9% cumulative, 100 par, convertible Paid-in capital in excess of par value on preferred stock Common stock, 1 stated value Paid-in capital in excess of stated value on common stock| Retained earnings The following additional information about Raun was available for the year ended December 31, 2019: 1. There were 2 million shares of preferred stock authorized, of which 1 million were outstanding. All 1 million shares outstanding were issued on January 2, 2016, for 120 a share. The preferred stock is convertible into common stock on a 1-for-1 basis until December 31, 2025; thereafter, the preferred stock ceases to be convertible and is callable at par value by the company. No preferred stock has been converted into common stock, and there were no dividends in arrears at December 31, 2019. 2. The common stock has been issued at amounts above stated value per share since incorporation in 2002. Of the 5 million shares authorized, 3,580,000 were outstanding at January 1, 2019. The market price of the outstanding common stock has increased slowly but consistently for the last 5 years. 3. Raun has an employee share option plan where certain key employees and officers may purchase shares of common stock at 100% of the marker price at the date of the option grant. All options are exercisable in installments of one-third each year, commencing 1 year after the date of the grant, and expire if not exercised within 4 years of the grant date. On January 1, 2019, options for 70,000 shares were outstanding at prices ranging from 47 to 83 a share. Options for 20,000 shares were exercised at 47 to 79 a share during 2019. During 2019, no options expired and additional options for 15,000 shares were granted at 86 a share. The 65,000 options outstanding at December 31, 2019, were exercisable at 54 to 86 a share; of these, 30,000 were exercisable at that date at prices ranging from 54 to 79 a share. 4. Raun also has an employee share purchase plan whereby the company pays one-half and the employee pays one-half of the market price of the stock at the date of the subscription. During 2019, employees subscribed to 60,000 shares at an average price of 87 a share. All 60,000 shares were paid for and issued late in September 2019. 5. On December 31, 2019, there was a total of 355,000 shares of common stock set aside for the granting of future share options and for future purchases under the employee share purchase plan. The only changes in the shareholders equity for 2019 were those described previously, the 2019 net income, and the cash dividends paid. Required: Prepare the shareholders equity section of Rauns balance sheet at December 31, 2019. Substitute, where appropriate, Xs for unknown dollar amounts. Use good form and provide full disclosure. Write appropriate notes as they should appear in the publisher financial statements.
- Outstanding Stock Lars Corporation shows the following information in the stockholders equity section of its balance sheet: The par value of common stock is S5, and the total balance in the Common Stock account is $225,000. There are 13,000 shares of treasury stock. Required: What is the number of shares outstanding? Use the following information for Exercises 10-58 and 10-59: Stahl Company was incorporated as a new business on January 1, 2019. The company is authorized to issue 600,000 shares of $2 par value common stock and 80,000 shares of 6%, S20 par value, cumulative preferred stock. On January 1, 2019, the company issued 75,000 shares of common stock for $15 per share and 5,000 shares of preferred stock for $25 per share. Net income for the year ended December 31, 2019, was $500,000.Please do not give solution in image format thankuThe following information relates to X, Y, and Z as at 30 June 2021 Stock Share price Number of shares X 10 2,000,000 Y 15 6,000,000 Z 20 10,000,000 During the year the following activities occurred; A two for one stock split on Y Payment of 10% dividend on Z. It can be assumed that the entire dividend paid will be reinvested in shares of Z limited. On 30 June 2022 the stock prices of X, Y and Z were sh 12, sh 10 and sh 20 respectively. Required; New index value given that the beginning value index is 100. Explain how secondary markets benefit investors. State and explain the main risks faced by financial institutions in the course of conduct of their business.
- The attached files are the questions.Subject:- accounting(a) Your answer is correct. Determine the weighted-average number of shares outstanding as of December 31, 2026. (b) The weighted-average number of shares outstanding eTextbook and Media X Your answer is incorrect. Earnings per share 1751425 Assume that Ivanhoe Corp. earned net income of $3,500,000 during 2026. In addition, it had 101,000 shares of 9%, $100 par nonconvertible, noncumulative preferred stock outstanding for the entire year. Because of liquidity considerations, however, the company did not declare and pay a preferred dividend in 2026. Compute earnings per share for 2026, using the weighted-average number of shares determined in part (a). (Round answer to 2 decimal places, e.g. 2.55.) 34.66 Attempts: 1 of 3 used
- Instructions: Compute the basic EPS and diluted EPS for Paden Corporation for 2024. Round to two decimal places. Show all computations. Please dont gie solutions in image format1. What amount should be reported as basic earnings per share?a. 6.00b. 5.50c. 5.00 2. What amount should be reported as diluted earnings per share?a. 6.88b. 6.11c. 5.24I need the answer as soon as possible