shares were originally issued and 13,800 were subsequently reacquired. What is the number of shares outstanding?
Q: The charter of a corporation provides for the issuance of 103,000 shares of common stock. Assume…
A: Dividend is declared on the basis of number of share issued to the public.
Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…
A: Number of shares outstanding = Shares issued - Shares reacquired
Q: Autumn Corporation was organized in August. It is authorized to issue 100,000 shares of $100 par…
A: Journal entries: Date Account title and explanation Debit Credit Aug. 22 Cash [2,000 x $105 ]…
Q: Outstanding shares are the
A: Outstanding shares are the shares that the traded in the market. It is important to note that these…
Q: Tandy Company was issued a charter by the state of Indiana on January 15 of this year. The charter…
A: Stockholders' equity represents the total value available to the shareholders after the settlement…
Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…
A: Given: Charter state issuance of common stock =100000Shares originnaly issued =40000Shares…
Q: A corporation is authorized to issue 15,000 ordinary shares with a par value of P 100 per share.…
A: Treasury stock: Shares which are bought back by the company from the open market but not retired…
Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…
A: dividend is paid on shares which are outstanding that is shares issued minus shares reacquired on…
Q: the total number of outstanding shares of West Corporation amounts to?
A: Given information is: If West Corporation has 80,000 ordinary shares authorized, has 50,000 ordinary…
Q: The charter of a corporation provides for the issuance of 10,000 shares of common stock. Assume that…
A: Formula: Cash dividends = Number of outstanding shares x Dividend per share. Multiplying dividend…
Q: The charter of a corporation provides for the issuance of 120,000 shares of common stock. Assume…
A: Formula: Total dividends = Number of Outstanding shares x Dividend per share
Q: What is the number of shares outstanding?
A: Answer - c.44,000
Q: A corporation was organized on January 1 of the current year, with an authorization of 20,000 shares…
A: Total fair market prices of assets = Land + Building + Equipment = $65000 + 120000 + 45000 =…
Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…
A: The dividend will not be paid for reacquired shares/treasury shares
Q: The charter of a corporation provides for the issuance of 99,000 shares of common stock. Assume that…
A: Dividends: Distribution of company profits to their share holders based on their investments.
Q: The charter of a corporation provides for the issuance of 105,588 shares of common stock. Assume…
A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…
Q: The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume…
A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…
Q: What is the maximum number of shares of stock that a corporation can issue over the life of the…
A: The financial statements of the business includes the income statement and balance sheet. The…
Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…
A: Number of shares issued = No. of shares issued - No. of shares reaquired
Q: The state charter of Vest Corporation authorizes the corporation to sell 500,000 shares. Vest has…
A: Here in this question, we are required to calculate the number of outstanding shares. Number of…
Q: The charter of a corporation provides for the issuance of 104,571 shares of common stock. Assume…
A: Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its…
Q: The articles of incorporation allow for the issuance of 1 million shares of common stock. During its…
A: Given is: The articles of incorporation allow for the issuance of 1 million shares of common stock.…
Q: The charter of a corporation provides for the issuance of 95,000 shares of common stock. Assume that…
A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…
Q: When Wisconsin Corporation was formed on January 1, the corporate charter provided for 100,000…
A: Common stock is a share of ownership issued to the shareholders. It is the most commonly used means…
Q: The charter of a corporation provides for the issuance of 104,020 shares of common stock. Assume…
A: The charter of a corporation provides maximum numbers of shares that can be issued by the…
Q: The corporate charter of Carla Vista Corporation allows the issuance of a maximum of 30,800,000…
A: Introduction:- The Following Basic Information as follows under:- Carla Vista Corporation allows…
Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…
A: Calculate the outstanding shares as follows: Outstanding shares = Total shares - reacquired shares…
Q: Jan. 11 Number of shares authorized 200,000 Feb.14 Number of shares issued 130,000 Number of shares…
A: Particulars No. of shares No. of shares issued 130000 No. of shares retired (1500)…
Q: The charter of a corporation provides for the issuance of 105,000 shares of common stock. Assume…
A: Given that, number of shares originally issued = 63000 shares number of shares reacquired = 12600
Q: A corporation has 45,000 shares of $23 par value stock outstanding. If the corporation issues a…
A: Stock split means when one share of the company will split or break into more number of shares. 3…
Q: The charter of a corporation provides for the issuance of 106,898 shares of common stock. Assume…
A: No. of shares issued ansd outstanding = No. of shares originally issued - No. of shares reacquired =…
Q: A corporation was organized on January 1 of the current year with an authorization of 20,000 shares…
A: Given : Preferred stock par value = $ 12 Common stock par value = $ 3
Q: Early in the year Bill Sharnes and several friends organized a corporation called Sharnes…
A: Part (a) In the Books of S Coporporation Inc Journal Entries In($) Date Particulars…
Q: The charter of a corporation provides for the issuance of 109,000 shares of common stock. Assume…
A: Given, Shares issued = 55,000 Shares reacquired = 12,900
Q: The par value of ordinary shares is equal to? a. The amount received by the corporation when the…
A: A larger amount of money can be received if the shares are issued at a higher price than par. The…
Q: A corporation was organized on January 1 of the current year, with an authorization of 20,000 shares…
A: Common Stock and preferred stock are two type of shares issued by the company. Any amount received…
Q: When Wisconsin Corporation was formed on January 1, the corporate charter provided for 115,800…
A: Any excess received for issue of shares other than the par value goes to Paid-in Capital in Excess…
Q: The charter of a corporation provides for the issuance of 138,000 shares of common stock. Assume…
A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…
Q: The charter of a corporation provides for the issuance of 114,000 shares of common stock. Assume…
A: Equity share capital refers capital which is raised by a corporation by offering shares.
Q: When Wisconsin Corporation was formed on January 1, the corporate charter provided for 86,000 shares…
A:
Q: The charter of a corporation provides for the issuance of 120,000 shares of common stock. Assume…
A: Authorized share capital is the number of stock units (shares) that a corporation can issue as…
Q: The charter of a corporation provides for the issuance of 95,662 shares of common stock. Assume that…
A: Dividend:-It is a form of profit which shareholder received in return of their investment made in…
Q: The charter of a corporation provides for the issuance of 118,000 shares of common stock. Assume…
A: Formula: Amount of cash dividends to be paid = No. of shares issued and outstanding x Dividend per…
Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…
A: Outstanding shares for dividend = originally issued - reacquired shares Outstanding shares = 45000 -…
Q: A corporation issues common stock with a $5 stated value. Its Common Stock account has a balance of…
A: Here stated value is the Nominal value or par value at which shares are issued. Number of shares…
Q: The charter of a corporation provides for the issuance of 117,000 shares of common stock. Assume…
A: Shares means the acknowledgement issued by company signifying the holder to be the owner or share…
Q: Part A - A corporation reacquires 60,000 shares of its own $10 par common stock for $3,000,000,…
A: Reacquired shares are also known as treasury stock and it shown under shareholder's equity as a…
Q: A corporation was organized on January 1 of the current year, with an authorization of 10,000 shares…
A: When shares are issued for a consideration other than cash, then fair value of shares has to be…
Q: The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume…
A: Stock: A kind of investment that are made by the investors, in order to get more returns is…
Q: The company is granted a charter that authorizes issuance of 15,000 shares of $100 par value…
A: Journal entry refers to any entry which is made to record the transactions which are financial in…
The charter of a corporation provides for the issuance of 115,000 shares of common stock. Assume that 60,000 shares were originally issued and 13,800 were subsequently reacquired. What is the number of shares outstanding?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
- Authorized stock represents the: number of shares that are currently held by stockholders. number of shares that have been sold. number of shares that have been repurchased by the corporation. maximum number of shares that can be issued.Autumn Corporation was organized in August. It is authorized to issue 100,000 shares of $100 par value 7% preferred stock. It is also authorized to issue 500,000 shares of $5 par value common stock. During the year, the corporation had the following transactions: Journalize the transactions.A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting journal entry would include which of the following? A. a credit to common stock B. a credit to cash C. a debit to paid-in capital in excess of preferred stock D. a debit to cash
- The charter of a corporation provides for the issuance of 136,000 shares of common stock. Assume that 65,000 shares were originally issued and 11,800 were subsequently reacquired. What is the number of shares outstanding? a. 53,200 b. 136,000 Oc. 65,000 Od. 11,800The charter of a corporation provides for the issuance of 119,000 shares of common stock. Assume that 55,000 shares were originally issued and 11,100 were subsequently reacquired. What is the number of shares outstanding? a. 55,000 b. 43,900 c. 119,000 d. 11,100The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume that 52,000 shares were originally issued and 12,400 were subsequently reacquired. What is the number of shares outstanding? Select the correct answer. a-12,400 b-52,000 c-39,600 d-111,000
- The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume that 49,000 shares were originally issued and 6,200 were subsequently reacquired. What is the number of shares outstanding? O. 42,800 0 55,200 O 6.200 Od 49,000The charter of a corporation provides for the issuance of 105,000 shares of common stock. Assume that 63,000 shares were originally issued and 12,600 were subsequently reacquired. What is the number of shares outstanding? Оа. 50,400 Оb. 63,000 Oc. 12,600 Od. 105,000 Previous NextH7. The charter of a corporation provides for the issuance of 147,000 shares of common stock. Assume that 55,000 shares were originally issued and 11,500 were subsequently reacquired. What is the number of shares outstanding? a. 43,500 b. 55,000 c. 147,000 d. 11,500 Please show all step by step calculation
- The charter of a corporation provides for the issuance of 106,898 shares of common stock. Assume that 42,395 shares were originally issued and 4,642 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a.$42,395 b.$106,898 c.$4,642 d.$75,506The charter of a corporation provides for the issuance of 114,615 shares of common stock. Assume that 41,097 shares were originally issued and 3,520 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared? a.$75,154 b.$3,520 c.$114,615 d.$41,097The charter of a corporation provides for the issuance of 108,244 shares of common stock. Assume that 44,779 shares were originally issued and 4,084 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a. $4,084 b. $44,779 c. $108,244 d. $81,390