Stock Issuance and Treasury Stock Diva, Inc. recorded the following capital stock transactions: Balance Sheet - Liabilities + Stockholders' Equity Assets Common PIC in Excess of Treasury PIC from Stock + Common Stock + Stock + Treasury Stock (1) 1,048,800 110,400 938,400 (2) (107,800) (107,800) (3) 87.360 73,920 13,440 Use the following additional information about the above transactions when answering questions a through e. (1) issued common stock for $38 cash per share (2) purchased treasury shares at $44 per share. (3) sold some of the treasury shares: a. How many shares were originally issued? o b. What was the par value of the shares issued? $ 0 c. How many shares of treasury stock were acquired? o d. How many shares of treasury stock were sold? 0 e. At what price per share was the treasury stock sold? $ 0

Stock Issuance and Treasury Stock Diva, Inc. recorded the following capital stock transactions: Balance Sheet - Liabilities + Stockholders' Equity Assets Common PIC in Excess of Treasury PIC from Stock + Common Stock + Stock + Treasury Stock (1) 1,048,800 110,400 938,400 (2) (107,800) (107,800) (3) 87.360 73,920 13,440 Use the following additional information about the above transactions when answering questions a through e. (1) issued common stock for $38 cash per share (2) purchased treasury shares at $44 per share. (3) sold some of the treasury shares: a. How many shares were originally issued? o b. What was the par value of the shares issued? $ 0 c. How many shares of treasury stock were acquired? o d. How many shares of treasury stock were sold? 0 e. At what price per share was the treasury stock sold? $ 0

Financial Accounting: The Impact on Decision Makers

10th Edition

ISBN:9781305654174

Author:Gary A. Porter, Curtis L. Norton

Publisher:Gary A. Porter, Curtis L. Norton

Chapter11: Stockholders' Equity

Section: Chapter Questions

Problem 11.1E

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Diva, Inc. recorded the following capital stock transactions: Balance Sheet Assets = Liabilities + Stockholders' Equity Common PIC in Excess of Treasury PIC from Stock + Common Stock + Stock + Treasury Stock |(1) 1,092,500 115,000 977,500 |(2) (61,600) (61,600) (3) 49,920 42,240 7,680 Use the following additional information about the above transactions when answering questions a through e. (1) issued common stock for $19 cash per share (2) purchased treasury shares at $22 per share. (3) sold some of the treasury shares: a. How many shares were originally issued? b. What was the par value of the shares issued? $ c. How many shares of treasury stock were acquired? d. How many shares of treasury stock were sold? e. At what price per share was the treasury stock sold? $
The following information relates to SE11-8 through SE11-10: Evans & Sons, Inc., disclosed the following information in a recent annual report: Net income Preferred stock dividends. Average common stockholders' equity. Dividend per common share.. Earnings per share. . . . . Market price per common share, year-end. 2018 $ 35,000 3,000 1,000,000 1.90 2.85 19.00 2019 $ 48,000 3,000 1,500,000 2.00 3.20 21.00 SE11-8. Return on Common Stockholders' Equity Calculate the return on common stockholders' equity for Evans & Sons for 2018 and 2019. Did the return improve from 2018 to 2019? SE11-9. Dividend Yield Calculate the dividend yield for Evans & Sons for 2018 and 2019. Did the dividend yield improve from 2018 to 2019? SE11-10. Dividend Payout Ratio Calculate the dividend payout for Evans & Sons for 2018 and 2019. Did the dividend payout increase from 2018 to 2019? SE11-11. Change in Stockholders' Equity Nikron Corporation issued 20,000 shares of $0.50 par value common stock during the year…
Using the following information about Peggy Inc, calculate equity value. Share price Authorized shares Issued shares Shares held in treasury Weighted average shares outstanding 16.33 234,600.0 174,980.0 45,620.0 134,520.0
What is the total stockholders' equity based on the following account balances? Common Stock $2260000 Paid-In Capital in Excess of Par 126000 Retained Earnings 566000 Treasury Stock 66000 $2128000. $2886000. $3012000. $2634000.
Sunland Corporation reports the following information: Net income Dividends on common stock Dividends on preferred stock Weighted-average common shares outstanding Sunland should report earnings per share of O $3.48. O $4.69. O $4.13. O $3.13. $506140 130000 60100 108000
In computations of weighted average of shares outstanding, when a stock dividend or stock split occurs, the additional shares are a. considered outstanding at the beginning of the reporting period b. weighted by the number of months outstanding. c. considered outstanding at the payment date. d. weighted by the number of days outstanding.
Based on the above journal: Prepare the company’s Stockholders equity section of the balance sheet at December 31, 2021. (Hint!!!!!!!) The following information must be clearly stated/shown: information on par or par values for all classes of shares which must be shown separately. the number of shares authorized and issued where necessary. the sub total for the total paid in capital. Retained earnings. total stockholders’ equity.
Analyzing and Computing Issue Price, Treasury Stock Cost, and Shares Outstanding Following is the stockholders' equity section of the 2018 Merck & Co. Inc. balance sheet. Stockholders' Equity ($ millions, except par value) 2018 Common stock, $0.50 par value; 6,500,000 authorized shares; 3,577,107,522 issued shares $1,789 Other paid-in capital 31,046 Retained earnings 34,063 Accumulated other comprehensive loss (4,436) Stockholders' equity before deduction for treasury stock $62,103 Less treasury stock, at cost: 984,543,979 shares Total Merck & Co. Inc. stockholders' equity 40,743 $21,360 a. Show the computation of the $1,789 million in the common stock account. shares x $ per share is approximately $ million on the balance sheet. b. At what average price were the Merck common shares issued? Note: Round your answers to two decimal places (for example, enter 67.49 for 67.48555). per share c. At what average cost was the Merck treasury stock purchased? Note: Round your answers to two…
Before Concord Corporation engages in the following treasury stock transactions, its general ledger reflects, among others, the following account balances (par value of its stock is $30 per share). Paid-in Capital in Excess of Par-Common Stock Common Stock Retained Earnings $108,600 $282,900 $75,300 Record the treasury stock transactions (given below) under the cost method of handling treasury stock; use the FIFO method for purchase-sale purposes. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select "No Entry" for the account titles and enter O for the amounts.) (a) Bought 390 shares of treasury stock at $39 per share. (b) Bought 290 shares of treasury stock at $45 per share. (c) Sold 330 shares of treasury stock at $41 per share. (d) Sold 110 shares of treasury stock at $37 per share.
[The following information applies to the questions displayed below.] The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) (S and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings 5,800 28,000 1,028,600 1,062,400 286,000 (360,000) $ 988,400 Treasury stock, 12,000 common shares Total stockholders equity Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands Problem 10-4A Part 4 4. If retained earnings at the beginning of the period was $248 million and $28 million was paid in dividends during the year, what was the net income for the year? (Enter your answer in million (i.., 5,000,000 should be entered as 5).) Net income million
Before Pronghorn Corporation engages in the following treasury stock transactions, its general ledger reflects, among others, the following account balances (par value of its stock is $30 per share). Paid-in Capital in Excess of Par—Common Stock Common Stock Retained Earnings $107,700 $244,800 $75,400 Record the treasury stock transactions (given below) under the cost method of handling treasury stock; use the FIFO method for purchase-sale purposes. (a) Bought 370 shares of treasury stock at $40 per share. (b) Bought 310 shares of treasury stock at $44 per share. (c) Sold 330 shares of treasury stock at $42 per share. (d) Sold 100 shares of treasury stock at $38 per share.
P13-40A (similar to) Thurman Comfort Specialists, Inc. reported the following stockholders' equity on its balance sheet at June 30, 2018: E (Click the icon to view the partial balance sheet.) Repde Data Table - X Re utstar Requirements Th Stockholders' Equity 1. Paid-In Capital: Identify the different classes of stock that Thurman Comfort Specialists has outstanding. What is the par value per share of Thurman Comfort Specialists' preferred stock? 2. Preferred Stock-5%, ? Par Value; 650,000 shares authorized, 375,000 shares issued and outstanding $ 1,500,000 3. Make two summary journal entries to record issuance of all the Thurman Comfort Specialists' stock for cash. Explanations are not required. Common Stock-$1 Par Value; 7,000,000 shares 4. No preferred dividends are in arrears. Journalize the declaration of a authorized, 1,330,000 shares issued and outstanding $300,000 dividend at June 30, 2018, and the payment of the dividend on July 20, 2018. Use separate Dividends Payable…