Question:How many preference shares were issued and outstanding?How many ordinary shares were issued and outstanding? Stockholder's EquityShare CapitalPaid-In Capital8% Preference Shares - $200 par, 10,000 sahres authorized,Jissued andOrdinary Shares - $50 par, 30,000 shares authorized andissued andoutstanding1,600,000Joutstanding1,250,000Subscribed preference shares, 1,000 shares200,0001,470,000Additional Paid-In CapitalShare Premium, 8% Preference Shares240,000Share Premium, Ordinary Shares345,000Total Paid-In Capital3,415,000Less: Treasury Stock - 8% Preferred Shares, 1,000 shares, at cost242,000Total Share CapitalRetained Earnings880,000Total Stockholder's Equity4,075,000

Shareholder's Equity:-It is the capital invested by the investors in the company. It is the balance…

Answered: Question: How many preference shares…

Business

Accounting

Question: How many preference shares were issued and outstanding? How many ordinary shares were issued and outstanding?

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Question 1 What is the accounting treatment of the direct issue costs of shares of stocks? O Debit…

A: Ques 1 Direct issuance cost of shares of stock should be recorded as expense in the income…

Q: The issuer of an ordinary share dividend to ordinary shareholders should transfer from retained…

A: When company issues stock dividend then it should Debit amount of dividend declared to retained…

Q: assumed conversion of debentures outstanding The amount of cash dividends declared on ordinary…

A: 1)Basic earnings per share for the period = Earnings available for Common shareholders ÷ Weighted…

Q: Statement 1: Treasury shares are a company’s own shares that have been reacquired and retired.…

A: Treasury Share:- It is such type of share that is bought back by issuing company from stockholders…

Q: Outstanding shares are the

A: Outstanding shares are the shares that the traded in the market. It is important to note that these…

Q: What is the classification of shares that has privileges over any of the other classes of shares in…

A: Par value shares: These are those shares that have a face value per share also known as par value.…

Q: Which of the following is ordered from the largest numberof shares to the smallest number of…

Q: Write short notes one each of the following instrument illustrating the interconnectivity amongst…

A: Since you have posted a question with multiple sub-parts, we will solve the first three sub-parts…

Q: The formula to calculate earnings per share (EPS) is ___________________. Net income / Weighted…

A: The objective of the question is to identify the correct formula for calculating Earnings Per Share…

Q: A company has debt, preferred stock, and common stock outstanding. Rank these securities in terms…

A: Answer: The correct answer is option (a). Debt < Preferred stock < Common stock

Q: how can I get the No. of shares is 1.23?

A: Given that, Present value of gain = $29,443,271.72 Takeover premium in amount = $14,721,635 Share…

Q: When shares are subscribed, which of the following statements is/are correct? O A. A Shareholders'…

A: Subscription of shares means a promise by the investors to buy the new shares issued by the company…

Q: Stockton Mineral Operation, Incorporated (SMO), currently has 515,000 shares of stock outstanding…

A: Stock split means when one single share of the company is split into multiple shares. It will…

Q: Treasury stock is a contra-shareholders' equity account and it shows the total dollar amount a…

A: Treasury stock denotes the shares the company keep on his own treasure after buy back or repurchase.…

Q: Identify whether stockholders’ equity would increase (I), decrease (D), or have no effect (NE) as a…

A: Treasury Stock Treasury stock are basically those stocks which are bought back from the investors…

Q: Diluted earnings per share shows dilution resulting from additional shares that may be issued for…

A: Introduction:- Diluted Earnings Per Share indicates the residual net profits accountable to each…

Q: which one is correct answer please confirm? QUESTION 20 The record date in the normal dividend…

A: A dividend is one of the yields that investors anticipate on their stocks. Based on the dividend and…

Q: How many shares of common stock are outstanding? How many shares of preferred stock are outstanding?

A: As per the BNED requirements, each question is answered to the maximum of the first 3 sub parts…

Q: Authorized shares

A: Donated shares will have the effect of reducing :- Authorized share

Q: Which of the following disclosures regarding stock is not required to be reported on the balance…

A: Financial statements are set up accounts that pass on the business exercises and the monetary…

Q: age selling price of the stock that had been issued as of december 31, 2021? b. The par value of…

A: Since as there are multiple sub parts are given, so as per answering guidelines we do only first…

Q: The corporate charter of Cullumber Corporation allows the issuance of a maximum of 4,300,000 shares…

A: In case of multiple subparts, we are allowed to solve only the first three subparts. If you want…

Q: Use the Telex Information to complete the following questions: Preferred Stock Number of Shares…

A: Preferred stock and common stock are two source of finance used by entity, under common stock entity…

Q: In computing book value per share, which of these directly affect the excess over par column?

A: Introduction: Book Value The net worth of a business's assets as shown on its income statement is…

Q: If there are no treasury shares, then issued shares and outstanding shares are the same number.…

A: The issued shares are the shares that are allotted to the shareholders. The treasury shares are the…

Q: Why do companies reacquire their own shares of stock?

A: Ans. For many reasons companies reacquire their own shares of stock. Some of them are discussed…

Q: Preferred dividends In each case in the following table,, how many dollars of preferred dividends…

A: Dividend is defined as the distribution of profits made by a corporation to its preferred and common…

Q: Preferred dividends In each case in the following table,, how many dollars of preferred dividends…

A: Preferred stock is a type of equity security that represents ownership in a company. Unlike common…

Q: The value of a share of stock can be found from which of the following equations? a. (Value of the…

A: Equity value is the value of a company available to shareholders

Q: a. Issued ________shares of common stock. Stock has par value of ___ per share and was issued at…

A: a. 5000 shares , par value of $ 0.01 , was issued at $30

Q: In 75 words or fewer, explain the difference between stock dividends and stock splits. Include the…

A: Stock dividend: Dividends issued in form of additional shares is called stock dividend. Companies…

Q: The cost of preferred stock is equal to the preferred stock dividend divided by the net proceeds per…

A: The objective of the question is to verify the formula for calculating the cost of preferred stock.

Q: 3. Authorized shares represent the a.number of shares that have been sold. b.number of shares that…

A: Stocks: Stocks are shares in ownership of other companies. It represents the capital raised by a…

Q: 1. Outstanding stock 2. Issued stock 3. Authorized stock 4. Paid-in Capital 5. Retained earnings a.…

A: 1-i. Outstanding stock is the shares actually sold.

Q: ane Technologies Inc. reported the following information related to its shareholders' equity on…

A: Number of authorized shares will not change for issue or reacquisition of shares = 1680000 shares

Q: Cash dividends are paid based on the number of shares to. outstanding. b. issued (issued). C.…

A: Dividends is paid to the share holders for the money which is being invested in the company as share…

Q: For the calculation of weighted average number of shares where does the (4) come from when you are…

A: The number of shares will be given weight as per the number of period they have been remained…

Q: What is a reverse stock split? What would be the effect of a reverse stock split on one million $1…

Question

Question:

How many preference shares were issued and outstanding?
How many ordinary shares were issued and outstanding?

Stockholder's Equity
Share Capital
Paid-In Capital
8% Preference Shares - $200 par, 10,000 sahres authorized,
Jissued and
Ordinary Shares - $50 par, 30,000 shares authorized and
issued and
outstanding
1,600,000
Joutstanding
1,250,000
Subscribed preference shares, 1,000 shares
200,000
1,470,000
Additional Paid-In Capital
Share Premium, 8% Preference Shares
240,000
Share Premium, Ordinary Shares
345,000
Total Paid-In Capital
3,415,000
Less: Treasury Stock - 8% Preferred Shares, 1,000 shares, at cost
242,000
Total Share Capital
Retained Earnings
880,000
Total Stockholder's Equity
4,075,000

Definition Definition Type of stock which is granted priority over dividend distributions as compared to common stockholders. Preferred stocks also do not carry any voting rights. Notably, in a case where a company is going to be liquidated, preferred stockholders have a priority claim on the value of assets of the company as quoted in the balance sheet, as compared to the common stockholders.

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Authorized registered capital represents a. Number of shares that shareholders have subscribed for at the issue of shares b. The maximal number of shares joint stock company which could be soldc c . Registered capital recorded in companies register d. The sum of minimal values of shares that was really paid by sha
Required: 1. How many common shares are outstanding on each cash dividend date? January 5 April 5 July 5 October 5 Outstanding common shares
Describe the types of shares held by the company. What can you say about the history of company share issues, retained earnings and payment of dividends? Are they following any specific policies for these? (Please correct answer)
If a company issues only one class of stock, what is this kind of stock called? Group of answer choices outstanding stock preferred stock common stock authorized stock
14. What are dividends in arrears? How do they affect the allocation of dividends to preference and ordinary shareholder if: a. Preference share capital are noncumulative b. Preference share capital are cumulative 15. What is the significance of book value per share? How is it computed if a. Only one class of share capital is outstanding? b. Two classes of share capital are outstanding? 16. What is earnings per share? What is its significance to the shareholders? How is it computed if a. Only one class of share capital is outstanding? b. Two classes of share capital are outstanding?
ESPAÑOL INGLÉS FRANCÉS As of the date of the financial statements, the number of common shares issued will exceed the number of shares outstanding as a result of to. the declaration of a stock dividend. b. the declaration of a division or division of shares (stock split). С. the purchase of shares in portfolio (treasury stock). Enviar comenta. MacBook Air
Required information The following information applies to the questions displayed below.) Sun Corporation received a charter that authorized the issuance of 80,000 shares of $7 par common stock and 19,000 shares of $100 par, 5 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation. Year 1 Jan. 5 Bold 12,000 whares of the $7 par common atock for $9 par share. 12 Bold 1,900 sharen of the 5 perceat preferred stoek for $110 per share. Apr. 5 Bold 16,000 uhares of the $7 par common stock for $11 per share. Dec.31 During the year, earned 5312, 500 in cash revenun and paid $236,100 for cash opersting expenann. 31 Declared the canh đividend on the outatanding aharea of preferred atock tor Year 1. the dividend will be paid on February 15 to atoekholders of record on January 10, Year 2. Year 2 Feb.15 Paid the cash dividend declared on December 31, Year 1. Mar. 3 Sold 2, 850 shares of the $100 par preferred stoek for $120…
The shares of stock sold to investors are Select one: a. Treasury shares. b. Authorized shares. c. Issued shares. d. Outstanding shares. A firm that sold one share of $1 par value common stock for $10 would Select one: a. Debit common stock for $1. b. Debit common stock for $10. c. Credit common stock for $1. d. Credit common stock for $10. For a bond issued at par, the cash received upon issue equals the present value of the bond’s Select one: a. Principal repayment minus the interest payments. b. Principal repayment and interest payments. c. Principal repayment. d. Interest payments.
Common stock shares issued will exceed common stock shares outstanding as a result of the O payment in full of subscribed stock. O declaration of a stock split. O purchase of treasury stock. O declaration of a stock dividend.