Swimtech Pools Incorporated (SPI) reported the following in its financial statements for the quarter ended March 31, 2021. March 31, December 31, 2020 2021 Common Stock, $1 par, 60,000 shares issued and outstanding $ 60,000 Additional Paid-In Capital $ 60,000 36,000 24,000 36,000 24,000 Retained Earnings Total Stockholders' Equity $ 120,000 $ 120,000 During the quarter ended March 31, SPI reported Net Income of $3,000 and declared and paid cash dividends totaling $3,000. Required: 1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. 2. Assume SPI repurchases 11,000 of its common stock at a price of $2 per share on April 1, 2021. Also assume that during the ended June 30, 2021, SPI reported Net Income of $3,000 and declared and paid cash dividends totaling $3,000. Calculate e per share (EPS) and return on equity (ROE) for the quarter ended June 30, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. (Round "Earnings per Share" to 2 decimal places and "Return on Equity" to 1 decimal place.) Earnings per Share Return on Equity

Swimtech Pools Incorporated (SPI) reported the following in its financial statements for the quarter ended March 31, 2021. March 31, December 31, 2020 2021 Common Stock, $1 par, 60,000 shares issued and outstanding $ 60,000 Additional Paid-In Capital $ 60,000 36,000 24,000 36,000 24,000 Retained Earnings Total Stockholders' Equity $ 120,000 $ 120,000 During the quarter ended March 31, SPI reported Net Income of $3,000 and declared and paid cash dividends totaling $3,000. Required: 1. Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. 2. Assume SPI repurchases 11,000 of its common stock at a price of $2 per share on April 1, 2021. Also assume that during the ended June 30, 2021, SPI reported Net Income of $3,000 and declared and paid cash dividends totaling $3,000. Calculate e per share (EPS) and return on equity (ROE) for the quarter ended June 30, 2021. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Calculate earnings per share (EPS) and return on equity (ROE) for the quarter ended March 31. (Round "Earnings per Share" to 2 decimal places and "Return on Equity" to 1 decimal place.) Earnings per Share Return on Equity

Name: Complete this question by entering your answers in the tabs below.Req
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Description: Complete this question by entering your answers in the tabs below.Required 1 Required 2Assume SPI repurchases 11,000 of its common stock at a price of $2 per share on April 1, 2021. Also assume that during thequarter ended June 30, 2021, SPI reporte

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 December 31, 2019, balance sheet is provided below: Common Stock, $30 par, 20,000 shares issued and outstanding $600,000 Paid-in Capital in Excess of Par--Common Stock 240,000 Retained Earnings 700,000 Total Stockholders' Equity $1,540,000 Assume that all of the 20,000 shares of stock that was issued as of December 31, 2019, was issued for $42 per share. On March 1, 2020, the company reacquired 4,000 shares of its common stock for $50 per share.Refer to Ladder Distributors. What is the total amount of stockholders' equity that will be presented on the company's March 31, 2020, balance sheet? a.$1,340,000 b.$1,740,000 c.$1,372,000 d.$1,708,000
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The stockholders’ equity accounts of Cheyenne Company have the following balances on December 31, 2020. Common stock, $10 par, 295,000 shares issued and outstanding $2,950,000 Paid-in capital in excess of par—common stock 1,280,000 Retained earnings 5,950,000 Shares of Cheyenne Company stock are currently selling on the Midwest Stock Exchange at $39.Prepare the appropriate journal entries for each of the following cases. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter 0 for the amounts.) (a) A stock dividend of 7% is (1) declared and (2) issued. (b) A stock dividend of 100% is (1) declared and (2) issued. (c) A 2-for-1 stock split is (1) declared and (2) issued.
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Subject: accounting
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Court Casuals has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Common Stock, $100,000; Additional Paid-in Capital, $4,000,000; and Retained Earnings, $3,000,000. Net income for the year ended December 31, 2021, is $700,000. Court Casuals has the following transactions affecting stockholders' equity in 2021: May 18 Issues 25,000 additional shares of $1 par value common stock for $40 per share. May 31 Purchases 4,500 shares of treasury stock for $45 per share. July 1 Declares a cash dividend of $1 per share to all stockholders of record on July 15. Hint: Dividends are not paid on treasury stock. July 31 Pays the cash dividend declared on July 1. August 10 Resells 2,500 shares of treasury stock purchased on May 31 for $56 per share. Taking into consideration all the entries described above, prepare the statement of stockholders' equity for the year ended December 31, 2021, using the format provided. (Amounts to be deducted should be indicated…
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