Exercise 18-9 (Algo) New equity issues; offerings announcements [LO18-4]WWhen companies offer new equity security issues, they publicize the offerings in the financial press and on Internet sites. Assume thefollowing were among the equity offerings reported in December 2024:New Securities IssuesEquityAmerican Materials Transfer Corporation (AMTC)-8.0 million common shares, $0.001 par, priced at $14.816 each through underwritersled by Second Tennessee Bank N.A. and Morgan, Dunavant & Company, according to a syndicate official.Proactive Solutions Incorporated (PSI)-Offering of 9 million common shares, $0.01 par, was priced at $16.60 a share via lead managerStanley Brothers, Incorporated, according to a syndicate official.Required:Prepare the appropriate journal entries to record the sale of both issues to underwriters. Ignore share issue costs.Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Enter your answersin whole dollars and not in millions.

Answer information:Computation:EventParticularsDebitCreditAMTCCash(8 Million Shares X…

Answered: Exercise 18-9 (Algo) New equity issues;…

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 14P

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h. 2. What amount should be reported as básic EPS for 2021 Problem 19-16 (AICPA Adapted) 10 fo Strauch Company had one class of share capital outstanding and no other securities that are potentially convertible into ordinary shares. During 2021, 120,000 shares were outstanding. a. b. On April 1, 2022, 40,000 shares of treasury were sold, and on July 1, 2022, a 2-for-1 share split was issued. C. d. Net income was P6,000,000 in 2022 and P3,600,000 in 2021. Pr 1. What amount should be reported as basic EPS for 2022 Du 20 sh. in the 2022 comparative income statement? a. 25.00 b. 20.00 c. 18.75 d. 37.50 P3 pa WE in the 2022 comparative income statement? a. a. 30,00 b. 15.00 C. 45.00 d. 22.50 b. C. d. 602
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