620 Final Project Milestone One- Stockholders' Equity and Revenue Recognition

Chapter 15 McDaniel Corporation manufactures surveying equipment. Journalize the entries to record the following selected equity investment transactions completed by McDaniel during 2019: February 26 Purchased for cash 1,350 shares of Demon Inc. stock for $70 per share plus a $75 brokerage commission. April 16 Received dividends of $0.75 per share on Demon Inc. stock. June 18 Purchased 600 shares of Demon Inc. stock for $68 per share plus a $50 brokerage fee. August 19 Sold 1,500 shares of Demon Inc. stock for $72 per share less a $100 brokerage commission. McDaniel assumes that the first investments purchased are the first investments sold. November 14 Received dividends of $0.44 per share on Demon Inc. stock.

NAME: SCORE: SECTION: PROFESSOR: Problem #16 Shareholders' Equity Section The shareholders' equity T-accounts of Geron Greeting Cards, Inc. for the year ended Dec. 31, 2019, are as follows: Ordinary Shares Jan. 1 Balance 3,000,000 Mar. 7 Isued 1,350,000 4,350,000 27,000 shares Dec. 31 Balance Share Premium-Ordinary Jan. 1 Balance 480,000 Mar. 7 Isued 27,000 shares 324,000 Dec. 31 Balance 804,000 Treasury Stock Aug. 7 Purchased 4,500 shares 216,000 Retained Earnings Mar. 31 Dividends 37,500 Jan. 1 Balance 5,220,000 June 30 Dividends 37,500 Dec. 31 Closing Sept. 30 Dec. 31 Dividends Dividends 37,500 (profit) Dec. 31 Balance 765,000 37,500 5,835,000 Required: Prepare the shareholders' equity section for the year ended Dec. 31, 2019.

The double entry Equity Case study no. 1: A mumber of persons and/or companies decide to setup a company having a 100,000 lei subscribed capital. Subsequently the shareholders deposit the subscribed capital into the company's bank acCount Homework: Based on the transactions that were recorded, fill in the corresponding Ledger and Final Balance Sheet Case study no. 2: At the beginming of the financial reporting period, FINCONT Ltd. has a social capital of 2,000,000 lei (divided into 20,000 shares) and other reserves of 200,000 lei The Shareholders General Assembly approves the increase of the social capital by isuance of 4,600 new shares, as follows: a) 1,000 shares are distributed to existing shareholders due to incorporating 100,000 lei worth other reserves into the social capital; b) 3,000 shares are given to a new shareholder bringing as contribution a motor vehicle measured at a contribution value of 330,000 lei, c) 600 shares are subscribed by shareholders at an issue value…

Suppose that you have been provided with the following financial information about a company. 2019 2020 Common Shareholders' Equity (S/E) Cash dividends Common share repurchases 352 323 50 20 45 Common share issues 13 60 In addition to this information, you have also been informed that the company has net financial obligations (NFO) of 25 in 2019 and 35 in 2020, and net financial expenses of 3 in 2019 and 4 in 2020. Based on this information, what is the company's free cash flow (FCF) for 2020? O 1.30 O 2.1 O 3.-24 O 4..39

Using Excel to Calculate Equity Balances PROBLEM Pasta Creations issued additional shares of common shares, reported net income, and declared dividends during the year. Information concerning its equity is provided here. Beginning of year common shares Beginning of year retained earnings Additional common shares issued Net income reported Dividends declared $ 98,000 476,000 52,000 78,000 16,000 Student Work Area Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as a. Calculate the ending balances of (1) common shares, (2) retained earnings, and (3) total shareholders' equity. Common shares Retained earnings Total shareholders' equity b. Calculate the same amounts if the company had reported a net loss rather than net income and had not declared any dividends. Net loss amount Common shares Retained earnings Total shareholders' equity $ 72,000

Question Every company’s board of directors has a duty to present a financial report at the end of a financial year. The financial report so presented has many interested parties which include debenture holders, employees and stockholders. Each one of these would be pleased to hear of an increase in the profitability of the company.The board chairman of XYZ Plc. reported as follows: ‘‘On behalf of the board, it is my pleasure to report that our company has generated operating profits to the tune of K28.6 million despite the high operating costs in the year under review. Our profit before tax amounted to K24.7 million after interest of K3.9 million. It is pleasing to note that the profits have been 12% higher than last year’s. Going forward, it is our desire, as a board, to give priorityto areas with the highest return and great growth prospects in our future investment options.’You are required to give brief reasons why the above three parties would be happy to hear of the increase in…

Common stock-$10 par value, 120,000 shares authorized, 50,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings Total stockholders' equity During 2020, the following transactions affected its stockholders' equity accounts. January 2 Purchased 5,000 shares of its own stock at $23 cash per share. January 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. February 28 Paid the dividend declared on January 5. July 6 Sold 1,900 of its treasury shares at $27 cash per share. August 22 Sold 3,100 of its treasury shares at $20 cash per share. September 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 stockholders of record. October 28 Paid the dividend declared on September 5. December 31 Closed the $206,500 credit balance (from net income) in the Income Summary account to Retained Earnings. Requirement General Journal General Ledger View…

The double cntry Equity Case study no. 1: A mumber of persons and/or companies decide to setup a company having a 100,000 lei subscribed capital. Subsequently the shareholders deposit the subscribed capital into the company's bank account Homework. Based on the transactions that were recorded, fill in the corresponding Ledger and Final Balance Sheet Case study no. 2: At the beginning of the financial reporting period, FINCONT Ltd. has a social capital of 2,000,000 lei (divided into 20,000 shares) and other reserves of 200,000 lei The Shareholders General Assembly approves the increase of the social capital by issuance of 4,600 new shares, as follows: a) 1,000 shares are distributed to existing shareholders due to incorporating 100,000 lei worth other reserves into the social capital; b) 3,000 shares are given to a new shareholder bringing as contribution a motor vehicle measured at a contribution value of 330,000 lei c) 600 shares are subscribed by shareholders at an issue value…

Please create the retaining earnings 4.The owners are desirous of comparing serval financial transactions and possible outcomes to assist in guiding their decision-making process. They assume that the company will be formed on January 1, 2020. In addition, E&B Comic Bookstore Company’s charter will authorize 1,200,000 shares of common stock (to be divided into two classes (700,000 shares class A -voting rights and 500,000 shares class B -nonvoting rights) and 400,000, $X par value (see info below), 5% cumulative preferred stock. They have asked each student from your accounting course to prepare the company’s journal entries and statement of owner’s equity based on the following information. Prepare the journal entries with narrations to record the following: • The issuances of stock. • Close out net income to retained earnings. • Dividend declared. • Close out dividend to retained earnings   a. Issued _50% ___shares of class A common stock. Stock has par value of _$ 45.00__ per…

Identify information used in an investment decision Look forward to the daywhen you will have accumulated $5,000, and assume that you have decided to investthat hard-earned money in the common stock of a publicly owned corporation. Whatdata about that company will you be most interested in, and how will you arrangethose data so they are most meaningful to you? What information about the company will you want on a weekly basis, on a quarterly basis, and on an annual basis?How will you decide whether to sell, hold, or buy some more of the firm’s stock?

Question 2 The owners are desirous of comparing serval financial transactions and possible outcomes to assist in guiding their decision-making process. They assume that the company will be formed on January 1, 2020 and that Mulatto Company’s charter will authorize 1,000,000 shares of common stock and 400,000, $100 par value, 5% cumulative preferred stock. They have asked each student from your accounting course to prepare the company’s journal entries and statement of owner’s equity based on the following information which is grouped according to your surname name initial. Issued 5000 shares of common stock. Stock has par value of $0.01per share and was issued at $30 per share. Issued 2000 shares of preferred stock at par value as payment in exchange for legal services. Exchanged 100,000 shares of common stock for land with an appraised value of $250,000 and a building with an appraised value of $450,000. Earned Net income $500,000. Paid dividends to preferred shareholders as well as…

https://massygroup.com/wp-content/uploads/2022/11/MASSY-DIGITAL-ANNUAL- REPORT-2022-updated.pdf  a. Conduct a horizontal and vertical analysis of the company’s financial statements to identify trends and patterns over the past two years. (8 marks) b.  Provide an analysis of the company’s financial performance, for shareholders and potential investors, using the trends identified in (a) above and in the context of market and other trends and expectations mentioned in the MDA section of the Annual Report.  c.  Briefly explain how the analysis at (b) would be modified if it was prepared for stakeholders other than shareholders and investors.

Check my work Casello Mowing & Landscaping's year-end 2018 balance sheet lists current assets of $435,200, fixed assets of $550,800, current liabilities of $416.600, and long-term debt of $314,500. Calculate Casello's total stockholders' equity. (Enter your answer In dollars. Round your answer to the nearest dollar amount.) Total stockholders' equity Prev 1 of 5 Next > 12:15 PM 62°F Mostly cloudy E 10/30/2021 pe here to search DEL

all 2021 i M Question 40 - Final Exam Fall 2021 - Connect Saved Help Save & Exit For Year 2, the Sacramento Corporation had beginning and ending Retained Earnings balances of $173,967 and $211,900, respectively. Also during Year 2, the board of directors declared cash dividends of $25.500, which were paid during Year 2. The board also declared a stock dividend, which was Submit issued and required a transfer in the amount of $15,500 to paid-in capital. Total expenses during Year 2 were $40,916. Based on this information, what was the amount of total revenue for Year 2? Multiple Choice $145,484 $119,849 $104,349 $148,467 40 of 40 Net < Prev гaw F12 DD F11

* https://ezto.mheducation.com/ext/map/index.html?_con=con&external browser 08launchuri-https%253A%252FK252Flms.mheducatio r1 Part 2 Snved During its first five years of operations, Red Raider Consulting reports net income and pays dividends as follows. Required: Calculate the balance of retained earnings at the end of each year, Note that retained earnings will always equal $0 at the beginning of year 1. Year Net Income Dividends 700 S 1,200 Retained Eamings 400 400 ces 3 1,100 500 4. 2,200 500 3,400 500

.   Return on assets   enter the return on assets in percentages rounded to 2 decimal places %   enter the return on assets in percentages rounded to 2 decimal places %   15 continue.. Headland Corporation was formed 5 years ago through a public subscription of common stock. Daniel Brown, who owns 15% of the common stock, was one of the organizers of Headland and is its current president. The company has been successful, but it currently is experiencing a shortage of funds. On June 10, 2021, Daniel Brown approached the Topeka National Bank, asking for a 24-month extension on two $35,320 notes, which are due on June 30, 2021, and September 30, 2021. Another note of $5,940 is due on March 31, 2022, but he expects no difficulty in paying this note on its due date. Brown explained that Headland’s cash flow problems are due primarily to the company’s desire to finance a $302,050 plant expansion over the next 2 fiscal years through internally generated funds.The commercial loan…

Question 1:The stockholders’ meeting for Strauder Corporation has been in progress for some time. The chief financial officer forStrauder is presently reviewing the company’s financial statements and is explaining the items that comprise thestockholders’ equity section of the balance sheet for the current year. stockholders’ equity section of StrauderThe corporation on December 31, 2010, is as follows. STRAUDER CORPORATIONBalance Sheet (partial)December 31, 2010 Paid-in capitalCapital stockPreferred stock, authorized 1,000,000 sharescumulative, $100 par value, $8 per share, 6,000shares issued and outstanding                         600,000Common stock, authorized 5,000,000 shares, $1 parvalue, 3,000,000 shares issued, and 2,700,000outstanding                                                    3,000,000Total capital stock                                           3,600,000Additional paid-in capitalIn excess of par value—preferred stock  50,000In excess of par value—common stock…

View Policies Show Attempt History Current Attempt in Progress Ivanhoe Inc. (II) is a backyard pond design and installation company. Il was incorporated during 2023, with an unlimited number of common shares, and 47,000 preferred shares with a $3 dividend rate authorized. Il follows ASPE. The following transactions took place during the first year of operations with respect to these shares: Jan. 1 an. 15 Feb. 20 Mar. 3 Sept. 23 The articles of incorporation were filed and state that an unlimited number of common shares and 47,000 preferred shares are authorized. 28 28,200 common shares were sold by subscription to 3 individuals, who each purchased 9,400 shares for $47 per share. The terms require 9% of the balance to be paid in cash immediately. The balance was to be paid by December 31 2024 at which time the shares will be issued 31, 2024, at which time the shares will be issued. 65,800 common shares were sold by subscription to 7 individuals, who each purchased 9,400 shares for $47…

Two online magazine companies reported the following in their financial statements: Outdoor Fun BetterWorth 2020 $ 171,173 417,049 2.98 57.20 2021 2020 $ 105,000 537,186 1.80 52.40 2021 $ 85,500 397,151 1.10 30.05 $ 107,604 462,814 Net income Total stockholders' Earnings per share Stock price when annual results reported equity 2.19 48.54 Required: 1-a. Compute the 2021 ROE for each company. 1-b. Which company appears to generate greater returns on stockholders' equity in 2021? 2-a. Compute the 2021 P/E ratio for each company. 2-b. Which company do investors appear to value more? Complete this question by entering your answers in the tabs below. Req 1A Req 1B Req 2A Req 2B Compute the 2021 ROE for each company. (Round your answers to 1 decimal place.) ROE Outdoor Fun % BetterWorth %

Home work question  accounting intermediate 11 stock and bonds journal entry on jan 1 2020 Thompson had 2 equity investment # of shares owned 200 cost per share $17 mkt value per share 12/31/2019 $23 what is journal entry

%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

Problem #30 Preparation of the Shareholders' Equity Section of a Statement of Financial Position Preparation of the Shareholders' Equity Section of a Statement of Financial Position Corporation on June 30, 2019. Each account has a normal balance. The accounts listed below were taken from the general ledger of the Liggayu corporation on June 30, 2019. Each account has a normal balance. Ordinary Shares P1,300,000 Share Premium- P 325,000 Preference Subscribed Ordinary Shares Ordinary Shares Dividend 100,000 Share Premium-Treasury 17,500 62,500 Donated Capital Distributable 70,000 Treasury Stock-Ordinary (3,000 shares) Share Premium-Ordinary Retained Earnings: 117,500 2,075,000 Unappropriated Appropriated for Plant Expansion 1,870,000 7% Preference Shares 250,000 125,000 7% Preference Shares- Subscribed 25,000 Additional Information: a. Preference share has a par value of P50 per share. Liggayu was authorized to issue 10,000 shares. The preference share is cumulative and participating. b.…