need assist with work Exercise 1-9A Missing information for determining net incomeThe December 31, 2011, balance sheet for Classic Company showed total stockholders' equity of$82,500. Total stockholders' equity increased by $53,400 between December 31, 2011, andDecember 31, 2012. During 2012 Classic Company acquired $13,000 cash from the issue ofcommon stock. Classic Company paid an $8,000 cash dividend to the stockholders during 2012.RequiredDetermine the amount of net income or loss Classic reported on its 2012 income statement. (Hint:Remember that stock issues, net income, and dividends all change total stockholders' equity.)322010 1. 31-32

Stockholders equity means total amount attributable to the shareholders of the company. Any…

Answered: The December 31, 2011, balance sheet…

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter11: Stockholders' Equity

Section: Chapter Questions

Problem 11.11E

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Earnings per share Financial statement data for the years ended December 31 for Black Bull Inc. follows: 2016 2015 Net income 2,485,700 1,538,000 Preferred dividends 50,000 50,000 Average number of common shares outstanding 115,000 shares 80,000 shares a. Determine the earnings per share for 2016 and 2015. b. Does the change in the earnings per share from 2015 to 2016 indicate a favorable or an unfavorable trend?
DIVIDENDS Brooks sporting Inc. is prepared to report the following 2016 income statement (shown in thousands of dollars). Sales 15,300 Operating costs including depreciation 12,240 EBIT 3,060 Interest 330 EBT 2,730 Taxes (40%) 1,092 Net income 1,638 Prior to reporting this income statement, the company wants to determine its annual dividend. The company has 320,000 shares of common stock outstanding, and its stock trades at 37 per share. a. The company had a 25% dividend payout ratio in 2015. If Brooks wants to maintain this payout ratio in 2016, what will be its per-share dividend in 2016? b. If the company maintains this 25% payout ratio, what will be the current dividend yield on the companys stock? c. The company reported net income of 1.35 million in 2015. Assume that the number of shares outstanding has remained constant. What was the companys per-share dividend in 2015? d. As an alternative to maintaining the same dividend payout ratio. Brooks is considering maintaining the same per-share dividend in 2016 that it paid in 2015. If it chooses this policy, what will be the companys dividend payout ratio in 2016? e. Assume that the company is interested in dramatically expanding its operations and that this expansion will require significant amounts of capital. The company would like to avoid transactions costs involved in issuing new equity. Given this scenario, would it make more sense for the company to maintain a constant dividend payout ratio or to maintain the same per-share dividend? Explain.
Question 45
Accounting for cash dividends Java Company earned a net income of $85,000 during the year ended December 31, 2018. On December 15, Java declared the annual cash dividend on its 4% preferred stock (par value, $120,000) and a $0.25 per share cash dividend on its common stock (50,000 shares). Java then paid the dividends on January 4, 2019. Requirements Journalize for Java the entry declaring the cash dividends on December 15, 2018. Journalize for Java the entry paying the cash dividends on January 4, 2019.
Q: FV Company earned net income of $75,000 during the year ended December 31, 2012. On December 15, FV declared the annual cash dividend on its 5% preferred stock (par value, $115,000) and a $0.50 per share cash dividend on its common stock (55,000 shares). FV then paid the dividends on January 4, 2013. Requirements Journalize for FV: Declaring the cash dividends on December 15, 2012. Paying the cash dividends on January 4, 2013.
Common Stockholders' Profitability Analysis A company reports the following: Net income$135,000Preferred dividends5,400Average stockholders' equity1,022,727Average common stockholders' equity651,256 Determine (a) the return on stockholders’ equity and (b) the return on common stockholders’ equity. If required, round your answers to one decimal place. a. Return on Stockholders' Equityfill in the blank 1 %b. Return on Common Stockholders’ Equityfill in the blank 2 % Please dont provide solution in an image based thanks
Preparing an income statementThe following information was taken from the records of Chua Motorsports, Inc a November 30, 2018: Prepare a multi-step income statement for Chua Motorsports for the fiscal year ended November 30, 2018. Include earnings per share.
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! Required information Markus Company's common stock sold for $4.50 per share at the end of this year. The average number of common. shares outstanding during the year is 152,000. The company also paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements: Cash Accounts receivable. Inventory Total current assets. Current liabilities Total liabilities Common shareholders' equity Total shareholders equity Total liabilities and common shareholders equity Sales (all on account) Cost of goods sold i Gross margin Operating income Interest expense Net income This Year $ 980,000 $ 568,400 $411,600 $ 263,250 $ $ 13,500 174,825 Ending Balance $ 40,000 $ 84,000 $ 70,600 $ 194,600. $ 78,000 $184,000 $152,000. $ 515,000 $ 699,000 Required: 1. What is the earnings per share? (Round your answer to 2 decimal places.) Earnings per share Beginning Balance. $ 40,200 $63,700 $ 84,000 $ 187,900 $ 76,500 $ 165,600 $152,000 $…
Please don't provide answers in image format thanku
What are the company's earnings per share each year? Please don't provide answer in image format thank you
Assets = Liabilities Equity $40,000 Balances at April 1, 2015 $100,000 $60,000 Shares issued in April April net income(loss) Dividends paid in April Balances at April 30, 2015 $180,000 $130,000 Required: Using the information provided above, calculate the net income or net loss realized during April under each of the following independent assumptions. a. No shares were issued in April and no dividends were paid. b. $50,000 of shares were issued in April and no dividends were paid. c. No shares were issued in April and $4,000 of dividends were paid in April.

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