The balance sheet caption for common stock is the following: Common stock, $10 par value, 4,500,000 shares authorized, 2,000,000 shares issued, 1,500,000 shares outstanding. Calculate the dollar amount that will be presented opposite this caption.
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- Prepare the stockholders equity section of the balance sheet based on the following account balances: Common stock, 2 par, 60,000 shares 120,000 Preferred stock, 10 par, 5%, 4,000 shares 40,000 Common stock subscribed, 2 par, 3,000 shares 6,000 Retained earnings 17,000 The answers to the Self-Study Test Questions are at the end of the chapter (pages 811812).The balance sheet caption for common stock is the following: Common stock, $5 par value, 2,920,000 shares authorized, 1,560,000 shares issued, 1,070,000 shares outstanding Calculate the dollar amount that will be presented opposite this caption. $?Please give answer
- Need help with correctUsing the following accounts and balances, prepare the Stockholders’ Equity section of the balance sheet using Method 1 ofExhibit 8. Refer to the lists of Accounts and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. One hundred thousand shares of common stock are authorized, and 5,000 shares have been reacquired. Common Stock, $2 par$ 150,000Paid-In Capital from Sale of Treasury Stock60,000Paid-In Capital in Excess of Par—Common Stock2,250,000Retained Earnings10,880,000Treasury Stock140,000.SOLVE this problem
- A & BThe balance sheet caption for common stock is the following: Common stock without par value, 3,800,000 shares authorized, 820,000 shares issued, and 720,000 shares outstanding $ 3,400,000 Required: Calculate the average price at which the shares were issued. If these shares had been assigned a stated value of $1 each, show how the caption here would be different. If a cash dividend of $0.20 per share were declared, calculate the total amount of cash that would be paid to stockholders. What accounts for the difference between issued shares and outstanding shares?The balance sheet caption for common stock is: Common stock, no par value, 15,000,000 shares authorized, 9,200,000 shares issued, 8,900,000 shares outstanding Required: a). Calculate the average price at which the shares were issued. $ 1,104,000,000 b). If these shares had been assigned a stated (par) value of $10 each, show how the above caption would be different. c). Calculate the total amount of cash that would be paid to stockholders if a cash dividend of $1.50 per share were declared.