Intermediate Accounting
1st Edition
ISBN: 9780132162302
Author: Elizabeth A. Gordon, Jana S. Raedy, Alexander J. Sannella
Publisher: PEARSON
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Chapter 5, Problem 5.9E
Prepare Statement of Stockholders' Equity. Dane for the current year ended December 31.
| $520,000 | |
| Common Stock-no par. Beginning Balance | 234,500 |
| Net Income | 89,500 |
| Dividends Declared | (15,000) |
| Unrealized Gain on Available-for-Sale Debt Investments—Net of tax | 11,000 |
| New Issue of Common Stock | 25,000 |
| Accumulated Other Comprehensive Income (loss): Beginning Balance | (55,675) |
Required:
Prepare a statement of stockholders’ equity for the current year.
Required
Prepare a statement of stockholders’ equity for the current year.
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Students have asked these similar questions
The following selected data were taken from the financial statements of Vidahill Inc. for December 31, 20Y7, 20Y6, and 20Y5:
December 31
Total assets
Notes payable (8% interest)
Common stock
Preferred 5% stock, $100 par
(no change during year)
Retained earnings
20Y7
$209,000
70,000
28,000
14,000
Return on total assets
debt.
20Y6
72,140
The 20Y7 net income was $20,790, and the 20Y6 net income was $10,750. No dividends on common stock were declared between 20Y5
and 20Y7. Preferred dividends were declared and paid in full in 20Y6 and 20Y7.
20Y7
$188,000
70,000
28,000
14,000
0.25
52,050
a. Determine the return on total assets, the return on stockholders' equity, and the return on common stockholders' equity for the years
20Y6 and 20Y7. Round percentages to one decimal place.
Return on stockholders' equity
Return on common stockholders' equity
b. The profitability ratios indicate that the company's profitability has
X %
%
20Y5
%
$167,000
70,000
28,000
14,000
42,000
the return on…
answer must be in table format or i will give down vote
Required information
[The following information applies to the questions displayed below.]
Consolidated Edison, Incorporated (Con Edison), is a public utility company operating primarily in New York whose annual
revenues exceed $12 billion. It reported the following December 31 simplified balances in its statement of stockholders'
equity (dollars in millions):
Current
Year
$ 38
8,554
11,500
Prior Year
$ 35
7,667
11,088
Common stock
Paid-in capital
Retained earnings
During the current year, Con Edison reported net income of $1,383.
Dividends
Required:
1. How much did Con Edison declare in dividends for the year?
Note: Enter your answers in millions (i.e., 10,000,000 should be entered as 10).
Chapter 5 Solutions
Intermediate Accounting
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Stockholders Equity: How to Calculate?; Author: Accounting University;https://www.youtube.com/watch?v=2jZk1T5GIlw;License: Standard Youtube License