1. Compute Tidepool's EPS for the year. 2. Assume Tidepool's market price of a share of common stock is $ 7 per share Compute Tidepool's price / earnings ratio Tidepool Corp. earned net income of $133,340 and paid the minimum dividend to preferred stockholders for 2018. Assume that there are no changes in common shares outstanding during 2018. Tidepool's books include the following figures

1. Compute Tidepool's EPS for the year. 2. Assume Tidepool's market price of a share of common stock is $ 7 per share Compute Tidepool's price / earnings ratio Tidepool Corp. earned net income of $133,340 and paid the minimum dividend to preferred stockholders for 2018. Assume that there are no changes in common shares outstanding during 2018. Tidepool's books include the following figures

College Accounting, Chapters 1-27

23rd Edition

ISBN:9781337794756

Author:HEINTZ, James A.

Publisher:HEINTZ, James A.

Chapter20: Corporations: Organization And Capital Stock

Section: Chapter Questions

Problem 7SPA: STATED VALUE, COMMON AND PREFERRED STOCK, AND NONCASH ASSETS Kris Kraft Stores had the following...

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Selected transactions completed by Equinox Products Inc. during the fiscal year ended December 31, 2016, were as follows: a. Issued 15,000 shares of 20 par common stock at 30, receiving cash. b. Issued 4, 000 shares of 80 par preferred 5% stock at 100, receiving cash. c. Issued 500,000 of 10-year, 5% bonds at 104, with interest payable semiannually. d. Declared a quarterly dividend of 0.50 per share on common stock and 1.00 per share on preferred stock. On the date of record, 100,000 shares of common stock were outstanding, no treasury shares were held, and 20,000 shares of preferred stock were outstanding. e. Paid the cash dividends declared in (d). f. Purchased 7,500 shares of Solstice Corp. at 40 per share, plus a 150 brokerage commission. The investment is classified as an available-for-sale investment. g. Purchased 8,000 shares of treasury common stock at 33 per share. h. Purchased 40,000 shares of Pinkberry Co. stock directly from the founders for 24 per share. Pinkberry has 125,000 shares issued and outstanding. Equinox Products Inc. treated the investment as an equity method investment. i. Declared a 1.00 quarterly cash dividend per share on preferred stock. On the date of record, 20,000 shares of preferred stock had been issued. j. Paid the cash dividends to the preferred stockholders. k. Received 27,500 dividend from Pinkberry Co. investment in (h). l. Purchased 90,000 of Dream Inc. 10-year, 5% bonds, directly from the issuing company, at their face amount plus accrued interest of 37 5. The bonds are classified as a held-to-maturity long -term investment. m. Sold, at 38 per share, 2,600 shares of treasury common stock purchased in (g). n. Received a dividend of 0 .60 per share from the Solstice Corp. investment in (f). o. Sold 1,000 shares of Solstice Corp. at 45, including commission. p. Recorded the payment of semiannual interest on the bonds issue d in (c) and the amortization of the premium for six months. The amortization is determined using the straight-line method . q. Accrued interest for three months on the Dream Inc. bonds purchased in (I). r. Pinkberry Co. recorded total earnings of 240 ,000. Equinox Products recorded equity earnings for its share of Pinkberry Co. net income. s. The fair value for Solstice Corp. stock was 39. 02 per share on December 31, 2016. The investment is adjusted to fair value , using a valuation allowance account. Assume Valuation Allowance for Available-for-Sale Investments h ad a beginning balance of zero. Instructions 1. Journalize the selected transactions. 2. After all of the transaction s for the year ended December 31, 201 6, had been poste d [including the transactions recorded in part (1) and all adjusting entries), the data that follows were taken from the records of Equinox Products Inc. a. Prepare a multiple-step in come statement for the year ended December 31, 201 6, concluding with earnings per share . In computing earnings per share, assume that the average number of common shares outstanding was 100,000 and preferred dividends were 100,000. ( Round earnings per share to the nearest cent.) b. Prepare a retained earnings statement for the year ended December 31, 20 6. c. Prepare a balance sheet in report form as of December 31, 2016.
STATED VALUE, COMMON AND PREFERRED STOCK, AND NONCASH ASSETS Dans Hobby Stores had the following stock transactions during the year: (a) Issued 5,000 shares of no-par common stock with a stated value of 10 per share for 50,000 cash. (b) Issued 6,000 shares of no-par common stock with a stated value of 10 per share for 63,000 cash. (c) Issued 3,500 shares of no-par, 6% preferred stock with a stated value of 22 per share for 77,000 cash. (d) Issued 10,000 shares of 10 par common stock for land with a fair market value of 100,000. (e) Issued 11,000 shares of 10 par common stock with an 11 fair market value for a building with an uncertain fair market value. (f) Issued 8,000 shares of 30 par, 6% preferred stock for land with a fair market value of 243,000. REQUIRED Prepare general journal entries for these transactions, identifying each by letter.
STATED VALUE, COMMON AND PREFERRED STOCK, AND NONCASH ASSETS Kris Kraft Stores had the following stock transactions during the year: (a) Issued 8,000 shares of no-par common stock with a stated value of 5 per share for 40,000 cash. (b) Issued 6,000 shares of no-par common stock with a stated value of 5 per share for 33,000 cash. (c) Issued 5,000 shares of no-par, 6% preferred stock with a stated value of 15 per share for 75,000 cash. (d) Issued 10,000 shares of 5 par common stock for land with a fair market value of 50,000. (e) Issued 20,000 shares of 5 par common stock with a 7 fair market value for a building with an uncertain fair market value. (f) Issued 8,000 shares of 50 par, 8% preferred stock for land with a fair market value of 405,000. REQUIRED Prepare general journal entries for these transactions, identifying each by letter.
Net Income Tk.25,00,000Preferred stock:50,000 shares outstanding Tk.100 par, 8%cumulative ,non-convertible Tk.50,00,000Common stock; share outstanding, January 1, 7,50,000 sharesIssue for cash May,1 3,00,000 sharesAcquired treasury stock for cash, August,1 1,50,000 shares2 for 1 stock split, November,1Required: Compute earnings per share.
Stock dividend versus stock split-Firm The board of Wicker Home Health Care, Inc., is exploring ways to expand the number of shares outstanding in an effort to reduce the market price per share to a level that the firm considers more appealing to investors. The options under consideration are a 10% stock dividend and, alternatively, a 5-for-4 stock split. At the present time, the firm's equity account and other per-share information are given as follows: a. Show the effect on the equity accounts and per-share data of a 10% stock dividend. b. Show the effect on the equity accounts and per-share data of a 5-for-4 stock split. c. Which option will accomplish Wicker's goal of reducing the current stock price while maintaining a stable level of retained earnings? d. What legal constraints might encourage the firm to choose a stock split over a stock dividend? a. Show the effect on the equity accounts and per-share data of a 10% stock dividend.
Preferred stock, 5%,$15par, 7000 shares authorized, 5,500 shares issued. 82,500 common stock, $0.30 par, 1,200,000 shares authorized and issued 360,000 paid-in-capital in excess of par-common Total paid in capital Retained Earning Total stockholder's Equity 400,000 842,500 260,000 1,102,500 Requirements: 1. Is Partlow's preferred stock cumulative or noncumulative? How can you tell? 2. Partlow declares cash dividends of $30,000 for 2010. How much of the dividends goes to preferred. How much goes to common? 3. Partlow passed the preferred dividend in 2011 and 2012. In 2013 the company declares cash dividends of $45,000. How much of the dividend goes to preferred? How much goes to common?
An entity provided the following shareholders' equity at year-end:Ordinary share capital, P100 par, 72,000 shares 7,200,000Subscribed ordinary share capital, 12,000 shares 1,200,000Subscription receivable 400,000Treasury shares, 4,000 at cost 600,000Retained earnings 2,000,000What is the book value per ordinary share?
The stockholders' equity section of Bonita Corporation appears below as of December 31, 2025. 8% cumulative preferred stock, $10 par value, authorized 99,000 shares, outstanding 89,000 shares Common stock, $0.20 par, authorized and issued 10,154,000 shares Additional paid-in capital Retained earnings Net income $27,030,000 Earnings per share $ 6,550,000 40.53 $890,000 2,030,800 4,100,000 33,580,000 Net income for 2025 reflects a total effective tax rate of 20%. Preferred stock dividends of $71,200 were declared and paid in 2025. Dividends of $1,000,000 were declared and paid to common stockholders in 2025. $40,600,800 Compute earnings per share data as it should appear on the income statement of Bonita Corporation. (Round answer to 2 decimal places, e.g. 1.48.) 6
Q11: Presented below is the information necessary to compute the net assets (stockholders' equity) and book value per share of common stock for Arora Advertising, Inc.: 8% cumulative preferred stock, $100 par (callable at $110) $300,000 Common stock, $5 par, authorized 100,000 shares 450,000 Additional paid-in capital 679,200 Deficit 130,200 Dividends in arrears on preferred stock, 1 full year 24,000 a) Compute the amount of net assets (stockholders' equity). b) Compute the book value per share of common stock.
Net income Preferred stock: 53,000 shares outstanding. $100 par, 8% cumulative, not convertible Common stock: Shares outstanding 1/1 Issued for cash, 5/1 Acquired treasury stock for cash, 8/1 2-for-1 stock split, 10/1 Compute earnings per share. (Round answer to 2 decimal places, e.g. 2.55) Earnings per share $ $2,296,860 5,300,000 724,800 276,000 138,000
The year end balance sheet of Ft. Smith Products includes the following stockholders equity section (with certain details omitted) Please answer D-H 7 1/2% cumulative preferred stock, $100 par value, 100,000 shares authorized $2,400,000 Common stock, $2 par value, 900,000 shares authorized 900,000 Additional paid in capital:common stock 8,325,000 Retained earnings 2,595,000 Total stockholders equity 14,220,000 A. How many shares of preferred stock have been issued? B. What is the total amount of the annual dividends paid ot preferred stockholders? C. How many shares of common stock are outstanding? D. What was the average issuance price per share of common stock? E. What is the amount of legal stock? F. what is the amount of paid-in capital? G. What is the book value per share of common stock?(there are no dividends in arrears) H. Assume that retained earnings in the beginning of the year amounted to $717,500 and that net income for the year was $3,970,000. What was…
Preferred Stock, 6%, $50 par value, 8,000 shs authorized, ______________ shs issued and outstanding $105,000 Common Stock, $4 par value, 20,000 shs authorized, 10,000 shs issued, ________ shs outstanding 40,000 APIC Preferred Stock 56,700 Common Stock 30,000 Total Paid In Capital 231,700 Retained Earnings 35,000 Less: Treasury Stock, 4,000 shs 15,000 Total Stockholders' Equity 251,700 How many shares of…