The stockholders' equity section of Pharoah Company's balance sheet consists of common stock ($8 par) $1,072,000 and retainedearnings $354,000. A 10% stock dividend (13,400 shares) is declared when the market price per share is $23. Show the before-and-after effects of the dividend on the following.(a) The components of stockholders' equity.(b) Shares outstanding.Stockholders' equityOutstanding shares$BeforeDividend$AfterDividend

STATEMENT OF SHAREHOLDERS EQUITYStatement of Shareholders Equity is also known as Changes in…

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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At December 31, the records of Kozmetsky Corporation provided the following selected and incomplete data: Common stock (par $2; no changes during the current year). Shares authorized, 5,000,000. Shares issued, Shares held as treasury stock, 10, 000 shares, cost $6 per share. Net income for the current year, $481,000. Common Stock account, $150,000. Dividends declared and paid during the current year, $2 per share. Retained Earnings balance, beginning of year, $800,000. ?; issue price $8 per share. Required: Complete the following: (Round "Earnings per share" to 2 decimal places.)
On January 1, 2008, the stockholders' equity section of Gibbons Corporation's balance sheet showed the following:Common stock par 10, authorized 100, 000 shares, issued 10, 000 shares 100,000Share Premium 50,000Retained Earnings 160.000 During the year 2008, the accounts showed the following summarized transactions (assume they occurred in the order given):(I) Issued a10% stock dividend, 1.000 shares issued when the market price was 12(2) Purchased treasury stock (200 shares at 11)(3) Declared and paid a cash dividend of 19,800(4) Ne4 income, 30,000. How much is the stockholder's equity?How much is the retained earnings?
Sunland Company has outstanding 2,800 shares of $100 par, 7% preferred stock and 15,900 shares of $10 par value common. The following schedule shows the amount of dividends paid out over the last 4 years. Allocate the dividends to each type of stock under assumptions (a) and (b). Express your answers in per share amounts using the format shown below. (Round the rate of participation to 4 decimal places, e.g.1.4278%. Round answers to 2 decimal places, e.g. 6.85.) Paid- out $12,200 $29,200 $53,800 $78,500 $ $ $ $ Preferred, noncumulative, and nonparticipating Preferred 4.36 7 7 (a) 7 $ $ $ LA Common Assumptions 0 .4898 1.7449 3.0051 $ $ LA $ $ Preferred Preferred, cumulative, and fully participating 4.36 9.6429 12.25 (b) 17.84 $ $ LA $ Commo
The stockholders' equity section of Jun Company's balance sheet as of April 1 follows. On April 2, Jun declares and distributes a 20% stock dividend. The stock's per share market value on April 2 is $15 (prior to the dividend). Common stock-$5 par value, 415,000 shares authorized, 220,000 shares issued and outstanding Paid-in capital in excess of par value, common stock. Retained earnings Total stockholders' equity Prepare the stockholders' equity section immediately after the stock dividend is distributed. Total paid-in capital Total stockholders' equity JUN COMPANY Stockholders' Equity April 2 (after stock dividend) $ 0 $ 1,100,000 530,000 853,000 $ 2,483,000 0 4
A company reports the following: Net income $911,700 Preferred dividends $67,530 Shares of common stock outstanding 57,000 Market price per share of common stock $42.95 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent.
Shown below is information relating to the stockholders' equity of Perry Corporation as of December 31, Year 1: 5.5% cumulative preferred stock, $100 par value; authorized, ?? shares; issued and outstanding, ?? shares Common stock, $10 par value; authorized, 360,000 shares; issued and outstanding, 140,000 shares Additional paid-in capital: Common stock Retained earnings (Deficit) Dividends in arrears What was the original issue price per share of common stock?
Your answer is partially correct. Try again. The stockholders' equity section of Bonita Corporation consists of common stock ($10 par) $2,400,000 and retained earnings $527,000. A 10% stock dividend (24,000 shares) is declared when the market price per share is $14. Show the before-and-after effects of the dividend on the following. (a) The components of stockholders' equity. (b) Shares outstanding. (c) Par value per share. Stockholders' equity Outstanding shares. Par value per share x ✓ Before Dividend 2927000 After Dividend
The stockholders’ equity section of Creighton Company’s balance sheet is shown as follows: CREIGHTON COMPANY As of December 31, Year 3 Stockholders’ equity Preferred stock, $10 stated value, 7% cumulative,300 shares authorized, 50 issued and outstanding $ 500 Common stock, $10 par value, 250 shares authorized,100 issued and outstanding 1,000 Common stock, class B, $20 par value, 400 sharesauthorized, 150 issued and outstanding 3,000 Common stock, no par, 150 shares authorized,100 issued and outstanding 2,200 Paid-in capital in excess of stated value—preferred 600 Paid-in capital in excess of par value—common 1,200 Paid-in capital in excess of par value—class B common 750 Retained earnings 7,000 Total stockholders’ equity $ 16,250 Requireda. Assuming the preferred stock was originally issued for cash, determine the amount of cash collected when the stock was issued.b. Based on the class B common stock alone,…
Can you answer dividend per share (b.) The stockholders’ equity section of the balance sheet for Mann Equipment Co. at December 31, Year 2, is as follows. Stockholders’ Equity Paid-in capital Preferred stock, ? par value, 4% cumulative, 170,000 shares authorized, 47,000 shares issued and outstanding $ 705,000 Common stock, $12 stated value, 220,000 shares authorized, 47,000 shares issued and ?? shares outstanding 564,000 Paid-in capital in excess of par—Preferred 37,000 Paid-in capital in excess of stated value—Common 141,000 Total paid-in capital $ 1,447,000 Retained earnings 320,000 Treasury stock, 3,000 shares (33,000 ) Total stockholders’ equity $ 1,734,000 Note: The market value per share of the common stock is $26, and the market value per share of the preferred stock is $19. Required What is the dividend per share on the preferred…
A company with 95,000 authorized shares of $7 par common stock issued 42,000 shares at $16. Subsequently, the company declared a 2% stock dividend on a date when the market price was $34 per share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend?
A company reports the following: Net income $171,720 Preferred dividends $12,720 Shares of common stock outstanding 25,000 Market price per share of common stock $18.44 Calculate the company's earnings per share on common stock. Round your answer to the nearest cent.

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