When Jon Batiste incorporated, his corporation issued 150 shares from treasury for $12 per share to him. In2017, the Jon sold half of his shares to another individual for $14 per share. In 2018, an employee purchased20 shares from treasury for $16 per share. All shares are of the same class. Which one of the followingamounts represents the per-share paid-up capital?$13.33$11$13.67$15

Paid-up capital refers to the money that is received by the company from the shareholders in…

Answered: When Jon Batiste incorporated, his…

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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On August 15, 2021, EasyMoney, Inc.'s Board of Directors meets and declares that EasyMoney will pay a dividend to its stockholders. Each share of EasyMoney's Common Stock will be paid a dividend of $1.25 per share. There are currently 100,000 shares of EasyMoney's Common Stock held by EasyMoney's shareholders. The following are the facts related to this dividend: D Dividend per Share D Date of Declaration D Date of Record D Date of Payment $1.25 August 15, 2021 September 5, 2021 September 20, 2021 The following is a partial list of the accounts in EasyMoney, Inc.'s General Ledger. These are the only accounts you need for this problem. D Cash D Dividends Payable > Retained Earnings As of August 1, 2021, the Beginning Balance in the Dividends Payable account is $0 and the Beginning Balance in the Retained Earnings account is $625,000.
2. Cristal Corporation paid $50,000 for a 10% interest in Luna Corp. on January 1, 2014, when Luna's stockholders' equity consisted of $400,000 of $10 par value common stock and $100,000 retained earnings. On December 31, 2015, Cristal paid $96,000 for an additional 20% interest in Luna Corp. Both of Cristal's investments were made when Luna's book values equaled their fair values. Luna's net income and dividends for 2014 and 2015 were as follows: Net income Dividends 2014 $30,000 $10,000 2015 $70,000 $20,000 Required: a. Prepare journal entries for Cristal Corporation to account for its investment in Luna Corporation for 2014 and 2015. b. Calculate the balance of Cristal's investment in Luna at December 31, 2015.
1. How much is the Ordinary Share Capital at year end? 2. How much is the Preference Share Capital at year end?
Jackson Inc. is authorized to issue an unlimited number of common shares and 15,000, $58 stated value preferred shares, with 9% cumulative dividends. On Jan 1, 2020, Jackson Inc. issued 1000 common shares for $40 per share, and 300 preferred shares for $70 per share. a) How much cash did Jackson Inc. raise on the issuance of the common shares? b) How much cash did Jackson Inc. raise on the issuance of the preferred shares? c) Assuming retained earnings is $120,000 at December 31, 2020. What is the total amount of shareholders’ equity to be reflected in the December 31, 2020 statement of financial position of Jackson Inc?
1.What is the number of outstanding ordinary shares? 2. What is the number of outstanding preference shares?
John is a shareholder of Carson Construction (Carson) and owns 100 shares of Carson. The board of directors of Carson recently announced a 20% stock dividend to all shareholders on record as at 30 Sept 2021. Assuming that Carson’s current stock price is RM30 per share and there are 1,000,000 shares of stock in issue of RM1 par value, and its earnings per share(EPS) for last year was RM1.50. i)Calculate the market capitalisation and earnings per share of Carson before and afterthe stock dividend. ii) Based on the calculations in part (a) (i) above, explain the impact of the stock dividend on John’s ownership position and the market price of his stock investment in the company.
Manshukh
Blossom Corporation was organized on January 1, 2026 with the authorization of 1330000 shares of common stock with a par value of $6 per share. In 2026, the corporation had the following capital transactions: January 5 issued 665000 shares @ $10 per share July 28 purchased 79000 shares @ $12 per share December 31 sold the 79000 shares held in treasury @ $20 per share Blossom used the cost method to record the purchase and the reissuance of the treasury shares. What is the total amount of additional paid-in capital as of December 31, 2026? $3292000. $-0- $2041000. $2660000.
8. Porter Corporation holds 10,000 shares of its $10 par common stock as treasury stock, which was purchased in 2013 at a cost of $140,000. On December 10, 2014, Porter sold all 10,000 shares for $260,000. Assuming that Porter used the cost method of accounting for treasury stock, this sale would result in a credit to Porter Corporation holds 10,000 shares of its $10 par common stock as treasury stock, which was purchased in 2013 at a cost of $140,000. On December 10, 2014, Porter sold all 10,000 shares for $260,000. Assuming that Porter used the cost method of accounting for treasury stock, this sale would result in a credit to Paid-In Capital from Treasury Stock of $110,000. Retained Earnings of $120,000. Gain on Sale of Treasury Stock of $120,000. Paid-In Capital from Treasury Stock of $120,000.
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Early in 2009, Feller Corporation was formed with authorization to issue 50,000 shares of $1 parvalue common stock. All shares were issued at a price of $8 per share. The corporation reportednet income of $82,000 in 2009, $25,000 in 2010, and $78,000 in 2011. No dividends were declaredin any of these three years. In 2010, the company purchased its own shares for $35,000 in the open market. In 2011, it reis-sued all of its treasury stock for $40,000. Instructionsa. Prepare the stockholders’ equity section of the balance sheet at December 31, 2011. Include asupporting schedule showing your computation of retained earnings at the balance sheet date.(Hint: Income increases retained earnings.)b. As of December 31, compute the company’s book value per share of common stock.c. Explain how the treasury stock transactions in 2010 and 2011 were reported in the company’sstatement of cash flows.
Hello, How do I solve the 3 for 1 stock split?

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