The charter of a corporation provides for the issuance of 104,020 shares of common stock. Assume that 35,959 shares were originally issued and 3,317 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared?

Q: The charter of a corporation provides for the issuance of 103,000 shares of common stock. Assume…

A: Share can be issued upto charter of a corporation provides. reacquired shares are those shares which…

Q: The charter of a corporation provides for the issuance of 91,724 shares of common stock. Assume that…

A: When shares are reacquired, the dividends are not required to be paid on such stocks.

Q: Kingbird, Inc. was organized on January 1, 2021. During its first year, the corporation issued 1,500…

A: DECLARATION OF DIVIDENDSDividend is the amount paid by the Corporation its shareholders in return…

Q: Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1…

A:

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Number of shares outstanding  = Shares issued - Shares reacquired

Q: A corporation originally issued $6 par value common stock for $11 per share. It purchased the stock…

A: Treasury stock refers to a method used by the organization to repurchase the issued stock. It is…

Q: The corporate charter of Carla Vista Corporation allows the issuance of a maximum of 30,800,000…

A: Solution: When common stock are issued at a price greater than face value, common stock account is…

Q: During its first year of operations, Johnson Corporation had the following transactions pertaining…

A: Working notes:  Jan 10 = 80,800 shares * $6 per share. = $484800  Jan 10 = 80,800 shares * $4 per…

Q: Following are the issuances of stock transactions. A corporation issued 2,000 shares of $10 par…

A: If issue price is greater than par value then excess amount is considered as " paid in capital…

Q: The charter of a corporation provides for the issuance of 10,000 shares of common stock. Assume that…

A: Formula: Cash dividends = Number of outstanding shares x Dividend per share. Multiplying dividend…

Q: The charter of a corporation provides for the issuance of 120,000 shares of common stock. Assume…

A: Formula: Total dividends = Number of Outstanding shares x Dividend per share

Q: What is the number of shares outstanding?

A: Answer - c.44,000

Q: A corporation issues 6,000 shares of $5 par value common stock for $8 cash per share. The entry to…

A: Journal entry: Journal entry is the book of original entry where first transactions are recorded…

Q: When Wisconsin Corporation was formed on January 1, the corporate charter provided for 99,900 shares…

A: The amount received in excess of par value common stock is to be credited to "Paid in capital in…

Q: The charter of a corporation provides for the issuance of 99,000 shares of common stock. Assume that…

A: Dividends: Distribution of company profits to their share holders based on their investments.

Q: The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume…

A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…

Q: Sunland Corporation was organized on January 1, 2021. During its first year, the corporation issued…

A: ANSWER:- a)                     Allocation Of Dividends To Each Class Of Stock Dividend Is 6% And…

Q: A corporation issues 5,000 shares of common stock for $62,000. The stock has a stated value of $10…

A: Issuing common stock at more than par means selling shares at a price higher than their stated or…

Q: The corporate charter of Metlock, Corporation allows the issuance of a maximum of 100,000 shares of…

A: Authorized shares are the maximum number of shares a company is authorized to issue. Issued shares…

Q: During its first year of operations, Coronado Corporation had the following transactions pertaining…

A: Journal Entry :— It is an act of recording transactions in books of account when transaction…

Q: A company's board of directors votes to declare a cash dividend of $.80 per share of common stock.…

A: Simply described, it is a payment provided to shareholders in appreciation for their commitment in…

Q: A company's board of directors declared a $0.50 per share cash dividend on its $3 par common stock.…

A: Number of shares=Issued shares-Treasury stock=18,000-5,000=13,000

Q: (a) A corporation issues 8,000 shares of its $1 par value common stock to provide funds for further…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: The charter of a corporation provides for the issuance of 95,000 shares of common stock. Assume that…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: What is the number of shares outstanding?

A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…

Q: When Wisconsin Corporation was formed on January 1, the corporate charter provided for 94,200 shares…

A: Common stock:   These are the ordinary shares that a corporation issues to the investors in order to…

Q: During its first year of operations, Concord Corporation had the following transactions pertaining…

A: Stockholder's Equity includes the amount contributed by shareholders in the form of common stock,…

Q: The state charter allows a corporation to issue only a certain number of shares of each class of…

A: Note: “Since you have asked multiple questions, we will solve the first question for you. If you…

Q: shares were originally issued and 13,800 were subsequently reacquired. What is the number of shares…

A: Common stock is the most common type of stock that is issued by the stockholders. It qualifies…

Q: A corporation purchases 5,000 shares of its own $2 par common stock, originally issued at par, for…

A: Cash flows statement is the statement prepared to shows the cash movement in the organisation by…

Q: The charter of a corporation provides for the issuance of 105,000 shares of common stock. Assume…

A: Given that,  number of shares originally issued = 63000 shares number of shares reacquired = 12600

Q: Zakaryan Corporation was organized on January 1, 2020. The corporation's governing documents…

A: To find the total shareholders' equity at the end of 2020, let's go through each transaction step by…

Q: When Wisconsin Corporation was formed on January 1, the corporate charter provided for 95,400 shares…

A: The objective of the question is to determine the correct journal entry for the issuance of common…

Q: At June 30th, Tidal Co. has 22,000 shares of common stock authorized, 17,000 issued, and 16,500…

A: The dividend is declared and paid to the shareholders from the retained earnings of the business.…

Q: A corporation issued 250 shares of its $5 par value common stock in payment of a $3,300 charge from…

A: The journal entry is an basic accounting record which is used to chronologically track the financial…

Q: The charter of Zion Associates provides for the issuance of 100,000 shares of common stock. Assume…

A: The charter shows the authorized number of shares which in this case is 100000 shares. Subsequently…

Q: Oriole Corporation was organized on January 1, 2021. During its first year, the corporation issued…

A: recording of journal entry are as follows

Q: The charter of a corporation provides for the issuance of 119,000 shares of common stock. Assume…

A: Outstanding shares:-Outstanding shares are those shares that are held by investors…

Q: The charter of a corporation provides for the issuance of 109,000 shares of common stock. Assume…

A: Given, Shares issued = 55,000 Shares reacquired = 12,900

Q: Tarrant Corporation was organized this year to operate a financial consulting business. The charter…

A: The stockholders' equity comprises the shares issued and retained earnings. The retained earnings…

Q: The articles of incorporation allow for the issuance of 4,000,000 shares of common stock. The…

A: STATEMENT OF SHAREHOLDERS EQUITY Statement of Shareholders Equity is also Known as Changes in…

Q: A corporation issued 180 shares of its $5 par value common stock in payment of its accountant for…

A: A journal entry is a basic accounting record that is used to chronologically track financial…

Q: When Wisconsin Corporation was formed on January 1, the corporate charter provided for 115,800…

A: Any excess received for issue of shares other than the par value goes to Paid-in Capital in Excess…

Q: The charter of a corporation provides for the issuance of 138,000 shares of common stock. Assume…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: The charter of a corporation provides for the issuance of 94,560 shares of common stock. Assume that…

A: Total amount of dividends paid = No. of shares outstanding * Dividends per shares

Q: During its first year of operations, Buffalo Corporation had the following transactions pertaining…

A: Whenever business issues common stock, then par value of the stock is credited to capital account…

Q: What is the number of shares outstanding?

A: Share Outstanding: = Issued shares- reacquired shares. Even if charter provides for 136,000 shares…

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.