Crane adheres to ASPE. Selected information from Crane Corp's 2023 accounting records is as follows: Proceeds from issuance of common shares Proceeds from issuance of bonds Cash dividends paid on common shares Cash dividends paid on preferred shares Purchase of a FV-NI investment $200400 599600 83400 29600 59200 Sale of shares to officers and employees NOT included above 53200 Based on the above information, the cash provided by (used in) financing activities for calendar 2023 is O $88800. 0 $740200. 0 $(113000). O $83400.

Crane adheres to ASPE. Selected information from Crane Corp's 2023 accounting records is as follows: Proceeds from issuance of common shares Proceeds from issuance of bonds Cash dividends paid on common shares Cash dividends paid on preferred shares Purchase of a FV-NI investment $200400 599600 83400 29600 59200 Sale of shares to officers and employees NOT included above 53200 Based on the above information, the cash provided by (used in) financing activities for calendar 2023 is O $88800. 0 $740200. 0 $(113000). O $83400.

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 10P: Comprehensive The shareholders equity section of Superior Corporations balance sheet as of December...

See similar textbooks

Similar questions

(Statement Presentation of Transactions—Equity Accounts) The following selected account balances are taken from the financial statements of Mandrich Inc. at its calendar year end prepared using IFRS: The following selected account balances are taken from the financial statements of Mandrich Inc. at its calendar year end prepared using IFRS: 2020 2019 Preferred shares classified as equity $145,000 $145,000 Common shares: 9,000 shares in 2020, 10,000 shares in 2019 142,000 160,000 Contributed surplus—reacquisition of common shares 3,500 –0– Cash dividends—preferred 6,250 6,250 Stock dividends—common 14,000 –0– Retained earnings (balance after closing entries) 300,000 240,000 At December 31, 2020, the following information is available: Mandrich Inc. repurchased 2,000 common shares during 2020. The repurchased shares had a weighted average cost of $32,000.During 2020, 1,000 common shares were issued as a stock dividend.Mandrich…
Selected information from Hatian Corp.'s 2020 accounting records is as follows: Hatian adheres to ASPE. Proceeds from issuance of common shares. Proceeds from issuance of bonds. Cash dividends paid on common shares. Cash dividends paid on preferred shares. $200,000 600,000 80,000 30,000 Purchase of a FV-NI investment. 60,000 Sale of shares to officers and employees not included above. 50,000 Based on the above information, the cash provided by (used in) financing activities for calendar 2020 is O $90,000. O $740,000. O $(110,000). O $80,000.
The following accounts are found in the trial balance of Dawn Corporation as December 31, 2019. Authorized Ordinary share capital, P 100 par P1,000,000; Unissued Ordinary share capital P300,000; Subscribed Ordinary share P200,000; Ordinary share subscription receivable P100,000; Ordinary share premium P70,000. The total number of shares issued is Using data in number 1, the total number of shares still available for subscription is
The following accounts are found in the trial balance of Dawn Corporation as December 31, 2019. Authorized Ordinary share capital, P 100 par P1,000,000; Unissued Ordinary share capital P300,000; Subscribed Ordinary share P200,000; Ordinary share subscription receivable P100,000; Ordinary share premium P70,000. The total number of shares issued is _____. Using data above, the total number of shares still available for subscription is ______.
Bramble Corp. had the following information in its financial statements for the years ended 2020 and 2021: Cash dividends for the year 2021$4900 Net income for the year ended 202197900Market price of stock, 12/31/208 Market price of stock, 12/31/2110 Common stockholders’ equity, 12/31/20999000 Common stockholders’ equity, 12/31/211196000 Outstanding shares, 12/31/21100900 Preferred dividends for the year ended 202114300 What is the rate of return on common stock equity for Bramble Corp. for the year ended 2021? A. 6.6% B. 7.0% C. 8.9% D. 7.6%
Template Company provided the following concerning marketable equity securities held as "trading." 1. The entity carried the following securities on December 31, 2022: 2. On June 30, 2023, the entity sold all the B ordinary shares for P140,000. 3. On December 31, 2023, the securities are quoted as follows: A ordinary - 4,000 shares B ordinary - 1,000 shares C preference - 2,000 shares A ordinary - 4,000 shares C preference -2,000 shares Requirement: Complete the table below. Write zero (0) if it is not applicable. Statement of Financial Position Investments - FVPL Statement of Changes in Equity Retained earnings Statement of Income Unrealized gain/(loss) Realized gain/(loss) Acquisition Date [a] [d] [9] 0] Cost 330,000 200,000 300,000 830,000 Market P80 per share P180 per share December 31, 2022 300,000 160,000 310,000 770,000 [b] [e] [h] [k] December 31, 2023 [c] [U] 0 [0]
The following data are extracted from the shareholders’ equity section of the statement of financial position of Del Corporation: Ordinary shares, P2 par value – Balance as of December 31, 2010; P1,000,000. Ordinary shares, P2 par value – Balance as of December 31, 2011; P1,020,000. Share premium - Balance as of December 31, 2010; P500,000. Share premium - Balance as of December 31, 2011; P580,000. Retained earnings - Balance as of December 31, 2010; P1,000,000. Retained earnings - Balance as of December 31, 2011; P1,046,000. During 2011, the corporation declared and paid cash dividends of P150,000 and also declared and issued a share dividend. There were no other changes in shares issued and outstanding during 2011. What is the net income for 2011. Show solution
12. The following data are extracted from the shareholders' equity section of the statement of financial position of Dela Cruz Corporation: 12/31/2018 12/31/2019 Ordinary Shares, P2 par value P1,000,000 500,000 1,000,000 P1,020,000 580,000 1,046,000 Share Premium Retained Earnings During 2019, the corporation declared and paid cash dividends of P150,000 and also declared and issued a share dividend. There were no other changes in shares issued and outstanding during 2019. Profit for 2019 was a. P 46,000. b. P196,000. C. P216,000. d. P296,000.
Comparative Statements of Shareholders' Equity for Locke Intertechnology Corporation were reported as follows for the fiscal years ending December 31, 2019, 2020, and 2021. Balance at January 1, 2019 sale of preferred shares sale of common shares, 7/1 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2019 Retirement of common shares, 4/11 Cash dividend, preferred Cash dividend, common 3-for-2 split effected in the form of a common stock dividend, 8/12 Net income Balance at December 31, 2020 18% common stock dividend, 5/1 sale of common shares, 9/1 Cash dividend, preferred Cash dividend, common Net income Balance at December 31, 2021 Year 2019 2020 2021 LOCKE INTERTECHNOLOGY CORPORATION statements of shareholders' Equity For the Years Ended Dec. 31, 2019, 2020, and 2021 ($ in millions) Numerator / Denominator = Earnings per share 1 1 1 = Preferred stock, $10 par 12 12 12 $12 Common stock, $1 par 80 $ 11 91 (4) 43.5 130.5 13.05 3 $146.55 Additional Paid-in…
The accounts below appear in the December 31, 2022 trial balance of BFAR Corporation: Ordinary Share Capital Subscribed Ordinary Share Capital Subscription Receivable Share Premium Accumulated Profits - Unappropriated Accumulated Profits - Appropriated Treasury Shares, at cost Compute the Total Shareholders' Equity. 3,000,000 1,000,000 400,000 500,000 600,000 300,000 400,000
BFAR Company presented its adjusted trial balance on December 31, 2022 and includes the following account balances: Ordinary Share Capital Ordinary Share Premium Accumulated Profits - Appropriated for bond retirement Accumulated Profits - Unappropriated Treasury shares Compute the Total Shareholders' Equity. 5,000,000 3,000,000 500,000 1,000,000 100,000
1. Refer to additional information (b) only Prepare the following general ledger accounts for the year ended 31 July 2022: •Bank •Application and allotment •Share Capital- Class A •Non Current Liability- Class C 2. Refer to additional information (c) Calculate the number of Class B shares in issue at the beginning of the financial year. 3. Refer to additional information (d) Prepare the dividends and shareholders for dividends accounts as it would appear in the general ledger for the year ended 31 July 2022