The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50 par value Common stock, $5 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity $0 13,000 28,600 Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. Average price 41,600 46,000 (2,300) $85,300 3. Total paid-in capital is $41.60 million. At what average price per share were the common shares issued? per share
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- Required information [The following information applies to the questions displayed below.] Leach Incorporated experienced the following events for the first two years of its operations. Year 1: 1. Issued $16,000 of common stock for cash. 2. Provided $84,600 of services on account. 3. Provided $42,000 of services and received cash. 4. Collected $75,000 cash from accounts receivable. 5. Paid $44,000 of salaries expense for the year. 6. Adjusted the accounting records to reflect uncollectible accounts expense for the year. Leach estimates that 5 percent of the ending accounts receivable balance will be uncollectible. 7. Closed the revenue account. 8. Closed the expense accounts. Year 2: 1. Wrote off an uncollectible account for $950. 2. Provided $94,000 of services on account. 3. Provided $38,000 of services and collected cash. 4. Collected $87,000 cash from accounts receivable. 5. Paid $71,000 of salaries expense for the year. 6. Adjusted the accounts to reflect uncollectible accounts…%24 %24 %24 ezto.mheducation.com/ext/map/index.html?_con%3Dcon&external browser%3D0&launchUrl%=https%253A%252F%252Fr Zoom meeting on... Launch Meeting - Z.. library.lol/main/33... CUNY Login Required A Required B Required C Prepare the stockholders' equity section of the balance sheet at December 31, 2021. Include a your computation of retained earnings at that date. THOMPSON SERVICE INC. 6 五小券 至 Partial Balance Sheet - December 31, 2021 到 Stockholders' equity: Additional paid-in capital: Total paid-in capital 三 $4 Total stockholders' equity $: 0. Computation of retained earnings at Dec. 31, 2021: Retained earnings at beginning of year Subtotal 0. $4 0. Retained earnings, Dec. 31, 2021 $4 0. < Prev☐mybusinesscourse.com/platform/mod/quiz/attempt.php?attempt=7676745&cmid=418253&page=4 N Dashboard N Current Student Inf... N This course N Technology Suppor... NIT Services N MyNMU N MyUser SNMU EduCat BusinessCourse Tab Stockholders' Equity: Transaction Descriptions from Account Data The following T-accounts contain keyed entries representing five transactions involving the stockholders' equity of Riverview, Inc.: Paid-in Capital in Excess of Par Land value-Common Stock 33,000 (3) Common Stock, $10 Par 35,000 (2) 60,000 (3) (1) (2) (5) 6,080 Cash 80,600 35,000 4 *800 shares of common stock Date 1 OsLock Preferred Stock, $50 Par 65,000 (1) Esc FnLock 12,800 (4) ! Required 4 Using this information, give detailed descriptions, including number of shares and price per share when applicable, for each of the five transac General Journal 1 Paid-in-Capital in Excess of Par Value - Preferred Stock Type here to search (1) A F1 Z Description Return to course @ Paid-in Capital from Treasury…
- Assan Offical O Academic Portal t- LIBIS - Sampoerna.. O Dashboard O VitalSource Booksh.. O Spotify - Web Player P MLA Formatting an. Credible and Non-. E Reading 20 Q A Instructions a. Prepare an income statement for 2022. Assume that 60,000 ordinary shares are outstanding. b. Prepare a retained earnings statement for 2022. E4.10 (LO 3) (Earnings per Share) The equity section of Sosa SA appears below as of December 31, 2022. Share capital-preference (6% preference shares, R$50 par value, authorized 100,000 shares, outstanding 90,00o shares) Share capital-ordinary (R$1 par, authorized and issued 10 million shares) R$ 4,500,000 10,000,000 Share premium-ordinary 20,500,000 Retained earnings R$134,000,000 Net income 33,000,000 167,000,000 R$202,000,000 Net income for 2022 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of R$12,000,000 (before tax) as a result of discontinued operations. Preference dividends of R$270,000 were declared and paid in…x CengageNOWv2 |Online teachin X + signment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator-&inprogress%3false eBook Show Me How Video Calculator Statement of stockholders' equity Financial information related to Webber Company for the month ended June 30, 20Y7, is as follows: Common Stock, June 1, 20Y7 $ 60,000 Stock issued in June 40,000 Net income for June 175,000 Dividends during June 30,000 Retained earnings, June 1, 20Y7 290,000 Prepare a statement of stockholders' equity for the month ended June 30, 20Y7. If an amount box does not require an entry, leave it blank or enter "0". Webber Company Statement of Stockholders' Equity For the Month Ended June 30, 20Y7 Common Stock Retained Earnings Total Check My Work All work saved.Bookmarks Profiles Tab Tab Window Help ouTube n.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%2... Mc Graw Hill Q Classes N Netflix Dashboard SO (E O DEO ED Required information [The following information applies to the questions displayed below.] Raphael Corporation's balance sheet shows the following stockholders' equity section. outstanding Preferred stock-5% cumulative, $____ par value, 1,000 shares authorized, issued, and par value, 4,000 shares authorized, issued, and outstanding :0 Common stock-$ Retained earnings Total stockholders 29 Total amount paid to the preferred shareholders Total amount paid to the common shareholders 2 W 3 1 LU equity E 2. If two years' preferred dividends are in arrears at the current date and the board of directors declares cash dividends of $17,550, compute the total amount paid to (a) preferred shareholders and (b) common shareholders. 80 F3 $ 4 DOD 000 F4 R от бо 5 EDU 1011 (2019-F... G Annotated Bibliog... F5 #tv T…
- ngageNOWv2 | Online teach x b Answered: Wonder Sales is aut x /takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false еВook Show Me How E Print Item Entries for Stock Dividends Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear on Healthy Life's balance sheet: Common stock (230,000 shares authorized ; 4,000 shares issued), $50 par, $200,000; Paid-In Capital in excess of par-common stock, $20,000; and Retained earnings, $2,200,000. The board of directors declared a 2% stock dividend when the market price of the stock was $63 a share. Healthy Life reported no income or loss for the current year. If no entry is required, select "No entry required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. a1. Journalize the entry to record the declaration of the dividend, capitalizing an amount equal to market value. Stock Dividends v Stock Dividends Distributable v…engageNOWv2 | Online teachin x * CengageNOWv2 | Online teachir x + Lcom/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre.. Common Stockholders' Profitability Analysis A company reports the following: Net income $130,000 Preferred dividends 5,200 Average stockholders' equity 1,150,442 Average common stockholders' equity 583,178 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' Equity % b. Return on Common Stockholders' Equity % Previous Next Check My Work Email Instructor Save and Exit Submit Assignment for Grading All work saved. 12:02 PM (? 69°F Sunny A O E O a ) 12/3/2021 prt sc delete home no 1l 40 backspacO lock &Chapte. - Saved - Brian W Smith BW AutoSave ff >> File Insert Design Layout References Mailings Review View Help Home Font Paragraph Styles Editing Sensitivity Editor Paste Dictate Clipboard Voice Sensitivity Editor I 1 2 I 3 I 4 I 5. I . 6. Chapter 13 homework Answer Key P13-41A Journalizing stock issuance and cash dividends and preparing the stockholders' equity section of the balance sheet D-Mobile Wireless needed additional capital to expand, so the business incorporated. The charter from the state of Georgia authorizes D-Mobile to issue 50,000 shares of 8%, $50 par value cumulative preferred stock and 160,000 shares of S4 par value common stock. During the first month, D-Mobile completed the following transactions: ng a Oct. 2 Issued 19,000 shares of common stock for a building with a market value of $240,000. Issued 600 shares of preferred stock for $140 per share. Issued 11,000 shares of common stock for cash of $55,000. 10 Declared a $19,000 cash dividend for stockholders of…
- NOWV2 |Online teachir X A Login Irn/takeAssignment/takeAssignmentMain.do?invoker%=&takeAssignmentSessionLocator=&inprogre.. pok Show Me How 41,000 asury Stock Balance Sheet Stockholders' Equity raid-in capital: Common Stock, $30 Par (80,000 Shares Authorized, 48,000 Shares Issued) 1,440,000 480,000 Excess of Issue Price Over Par 1,920,000 Paid-in capital, common stock 72,000 From Sale of Treasury Stock 1,992,000 Total paid-fn capital Retained Earnings 677,000 Total 41,000 Treasury Stock Total stockholders' equity Feedback Check My Work Recall that paid-in capital reflects the total amount that has been paid into the business by the stockholders for ownership in the corporation. Previous Check My Work 52°F SunnyCengageNOWv2 | Online teachir x CengageNOWv2 | Online teachin x+ .com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogre. * A eBook Show Me How Earnings per Share and Price-Earnings Ratio A company reports the following: Net income $596,500 Preferred dividends $34,000 Shares of common stock outstanding 75,000 Market price per share of common stock $81.75 a. Determine the company's earnings per share on common stock, Round your answer to the nearest cent. Use the rounded answer of requirement a for subsequent requirement, if required. b. Determine the company's price-earnings ratio. Round to one decimal place. Previous Next Check My Work 11:17A 67°F Sunny a ĝ E D 4 4) 12/3/20 prt sc delete homie 12 T0 144 no 4AA backspacR ock &Examus student.use.examus.net/?ridban=1&sessi. ACCT101 FEX_2021_2_Male e18 Stockholders' equity consists of: 96 18 - 34 a. Long-term assets 11 18c Contributed capital and 95abe18 b. 95 par value 95abe18 C. Retained earnings and cash d. 95abe18ce33 Contributed capital and retained earnings Sabe18ce 33 95abe18ce33 95a 95abe18ce33 96abe18ce33 95abe18ce33 MacBook Pro F3 000 000 F4 つ 4 F5 F6 50 F7 67 & DII 7 V FS 8 A 9 9 个 II