The stockholders' equity section of Aluminum Company of America (Alcoa) showed the following (in alphabetical order): additionalpaid-in capital $6,101, common stock $925, preferred stock $56, retained earnings $7,428, and treasury stock 2,828. All dollar dataare in millions.The preferred stock has 557,740 shares authorized, with a par value of $100. At December 31 of the current year, 557,649 shares ofpreferred are issued and 546,024 shares are outstanding. There are 1.8 billion shares of $1 par value common stock authorized, ofwhich 924.6 million are issued and 844.8 million are outstanding at December 31.Prepare the stockholders' equity section of the current year. (Enter amounts in millions. Enter the account name only and do not provide thedescriptive information provided in the question.)ALUMINUM COMPANY OF AMERICABalance Sheet (Partial)>$ V:ALUMINUM COMPANY OF AMERICABalance Sheet (Partial)>>>><>$tA$

Stockholder Equity analyzes the financial statements of the company that can equate to the company's…

Answered: The stockholders' equity section of…

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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Texas Inc. has 4,724 shares of 8%, $100 par value cumulative preferred stock and 83,877 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock? a. $80.00 per share b. $4,724 in total )c. $37,792 in total Od. $6,710 in total
The Stockholders' Equity accounts of ExxonMobil on December 31, 2022 were as follows: Preferred Stock ( 6%, $100 par, cumulative, 800 authorized) $720,000 Common Stock ($3 par, 1,500,000 authorized) 1,080,000 APIC - Preferred Stock APIC-Common Stock Retained Earnings Treasury Stock - Common ($9 cost) During 2023, ExxonMobil had the following transactions and events pertaining to its stockholders' equity: March 21: Issued 24,000 shares of Common Stock in exchange for Land. On the date of purchase, the Land had a Fair Market Value of $210,000 and the stock was selling for $11 per share. April 17: Sold 1,800 shares of Treasury Stock - Common for $12 per share. November 22: Purchased 800 shares of Common Stock for the Treasury at a cost of $7,560. December 31: Determine that net income for the year was $556,000. Dividends were declared and paid during December. These dividends included a $0.20 per share dividend to common stockholders of record as of December 12. Preferred dividends are…
The balance sheet for Lauren Inc. shows the following: total paid-in capital and retained earnings $877,000, total stockholders’ equity $817,000, common stock issued 44,000 shares, and common stock outstanding 38,000 shares. Compute the book value per share. (No preferred stock is outstanding.)
[The following information applies to the questions displayed below.] The stockholders’ equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value $ 6,000 Common stock, $1 par value 30,000 Additional paid-in capital 1,164,000 Total paid-in capital 1,200,000 Retained earnings 288,000 Treasury stock, 11,000 common shares (352,000 ) Total stockholders' equity $ 1,136,000 Based on the stockholders’ equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. Required: 1. How many shares of preferred stock have been issued?
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Marutzky Corporation had a net income of $2,200,000 for the year 2018. On January 1, 2018, the corporation had 300,000 shares of common stock outstanding and issued an additional 250,000 shares of common stock on October 1, 2018. Calculate the earnings per shares using the weighted-average number of common shares outstanding.
The stockholders' equity section of Swifty Corporation consists of common stock ($10 par) $2,200,000 and retained earnings $523,000. A 10% stock dividend (22,000 shares) is declared when the market price per share is $15. Show the before-and-after effects of the dividend on the following. (a) (b) (c) The components of stockholders' equity. Shares outstanding. Par value per share. Stockholders' equity Outstanding shares Par value per share Before Dividend $ After Dividend
EPS Inc. had net income of $8,950,000 in 2xxx. The company had 2, 500, 000 shares of $4 par value common stock and 60,000 shares of 8%, $100 par, preferred stock outstanding throughout the year. Each share of preferred stock is both cumulative and convertible into 3 shares of common stock. Compute the following for 2xxx: (show your work) (a) The number of shares to be used in computing basic earnings per share. (b) The number of shares to be used in computing diluted EPS. (c) Basic earnings per share
At December 31, the stockholders’ equity section shows: Ordinary share capital, P5 par value; 1,320,000 shares issued and 1,200,000 shares outstanding: P6,600,000; Share Premium: P1,400,000; Retained earnings: P500,000; Treasury shares, (120,000 shares): P700,000; Total shareholders’ equity - P7,800,000. How much is the book value per share?a. P5.91b. P6.44c. P6.50d. P7.08
At December 31, Gorden Corporation has total stockholders’ equity of $3,200,000. Included in this total are preferred stock $500,000 and paid-in capital in excess of par—preferred stock $50,000. There are 10,000 shares of $50 par value, 8% cumulative preferred stock outstanding. At year end, 200,000 shares of common stock are outstanding. Instructions Compute the book value per share of common stock under each of the following assumptions. a. There are no preferred dividends in arrears, and the preferred stock does not have a call price. b. Preferred dividends are one year in arrears, and the preferred stock has a call price of $60 per share.
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. $?

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