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Reporting Stockholders' Equity Bonner Company began business this year and immediately sold 500,000 common shares for $13,500,000 cash and paid $750,000 in common dividends. At midyear, the firm bought back some of its own shares. The company reports the following additional information at year-end: Net income Unrealized gain on available-for-sale debt securities Common stock, at par Retained earnings beginning of year Common shares authorized Common shares outstanding at year's end $3,750,000 $66,000 $5,000,000 $0 750,000 425,000 a. What was the average sales price of a common share when issued? Round to two decimal places. $ 27 per share b. What is the par value of the common shares? $ 10 per share c. How much is in the Additional paid-in capital account at the end of the year? $ 8,500,000 d. How much is in accumulated other comprehensive income (loss) at the end of the year? $ (1,175,000) e. Determine the retained earnings amount at the end of the year. $ 3,000,000 f. How many shares of stock are in the treasury at the end of the year? 75,000 shares g. Compute BEPS. Round to two decimal places.

Reporting Stockholders' Equity Bonner Company began business this year and immediately sold 500,000 common shares for $13,500,000 cash and paid $750,000 in common dividends. At midyear, the firm bought back some of its own shares. The company reports the following additional information at year-end: Net income Unrealized gain on available-for-sale debt securities Common stock, at par Retained earnings beginning of year Common shares authorized Common shares outstanding at year's end $3,750,000 $66,000 $5,000,000 $0 750,000 425,000 a. What was the average sales price of a common share when issued? Round to two decimal places. $ 27 per share b. What is the par value of the common shares? $ 10 per share c. How much is in the Additional paid-in capital account at the end of the year? $ 8,500,000 d. How much is in accumulated other comprehensive income (loss) at the end of the year? $ (1,175,000) e. Determine the retained earnings amount at the end of the year. $ 3,000,000 f. How many shares of stock are in the treasury at the end of the year? 75,000 shares g. Compute BEPS. Round to two decimal places.

Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...
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Reporting Stockholders' Equity Bonner Company began business this year and immediately sold 500,000 common shares for $13,500,000 cash and paid $750,000 in common dividends. At midyear, the firm bought back some of its own shares. The company reports the following additional information at year-end: Net income Unrealized gain on available-for-sale debt securities Common stock, at par Retained earnings beginning of year Common shares authorized Common shares outstanding at year's end $3,750,000 $66,000 $5,000,000 $0 750,000 425,000 a. What was the average sales price of a common share when issued? Round to two decimal places. $ 27 per share b. What is the par value of the common shares? $ 10 per share c. How much is in the Additional paid-in capital account at the end of the year? $ 8,500,000 d. How much is in accumulated other comprehensive income (loss) at the end of the year? $ (1,175,000) e. Determine the retained earnings amount at the end of the year. $ 3,000,000 f. How many shares of stock are in the treasury at the end of the year? 75,000 shares g. Compute BEPS. Round to two decimal places.
Transcribed Image Text:Reporting Stockholders' Equity Bonner Company began business this year and immediately sold 500,000 common shares for $13,500,000 cash and paid $750,000 in common dividends. At midyear, the firm bought back some of its own shares. The company reports the following additional information at year-end: Net income Unrealized gain on available-for-sale debt securities Common stock, at par Retained earnings beginning of year Common shares authorized Common shares outstanding at year's end $3,750,000 $66,000 $5,000,000 $0 750,000 425,000 a. What was the average sales price of a common share when issued? Round to two decimal places. $ 27 per share b. What is the par value of the common shares? $ 10 per share c. How much is in the Additional paid-in capital account at the end of the year? $ 8,500,000 d. How much is in accumulated other comprehensive income (loss) at the end of the year? $ (1,175,000) e. Determine the retained earnings amount at the end of the year. $ 3,000,000 f. How many shares of stock are in the treasury at the end of the year? 75,000 shares g. Compute BEPS. Round to two decimal places.
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