10. In 2021, Xylem Inc. completed the treasury stock transactions listed below. February   2:   Reacquired 67,000 shares at $11.70. March   17:   Sold 17,000 shares at $13.85. May   17:   Sold 22,000 shares at $7.85.   Xylem Inc. had issued 100,000 shares of its $1 par common stock for $10 several months ago. Required: Prepare the journal entries to record the above transactions, using the cost method. (If no entry is required for a transaction/event, select "No journal entry required" in the first account field.)

Q: In 2021, Southwestern Corporation completed the treasury stock transactions listed below. February…

A: Treasury stocks are the company's own stock acquired by the company. They are acquired either to…

Q: On December 31, 2020, Berclair Inc. had 280 million shares of common stock and 7 million shares of…

A: Earning per share means earning per share given by company to it's share holders.  Formula  Earning…

Q: On January 1, 2021, the stockholders' equity section of Seef Inc. was as follows: Common stock ($10…

A: SOLUTION A JOURNAL IS THE COMPANY'S OFFICIAL BOOK IN WHICH ALL BUSINESS TRANSACTIONS ARE RECORDED IN…

Q: On December 31, 2020, Berclair Inc. had 480 million shares of common stock and 5 million shares of…

A: 1) Basic Earnings Per Share = (Net Profit - Preference Shares Dividends) / Weighted Average O/s…

Q: On January 1, 2021, Bramble Corp. had 487,000 shares of common stock outstanding. During 2021, it…

A: Formula: Earning per share = Net Income / Weighted average number of shares outstanding or Earning…

Q: On December 31, 2020, Dow Steel Corporation had 770,000 shares of common stock and 317,000 shares of…

A: Calculation of W. Avg Number of shares (For Basic EPS)                 Calculation No of shares…

Q: On January 1, 2021, Novak Corp. had  479,000 shares of common stock outstanding. During 2021, it had…

A: Weighted-Average Common Shares is used as a denominator in computing for earnings-per-share. There…

Q: 31, 2020, Berclair Inc. had 240 million shares of common stock and 6 million shares of 9%, $100 par…

A: please like the answer your response matters    Numerator Denominator EPS Basic 246 230 1.07…

Q: On December 31, 2020, Dow Steel Corporation had 700,000 shares of common stock and 310,000 shares of…

A: Introduction: Earnings per share denotes the fraction of a company's profits that is available to…

Q: On January 1, 2021, Oriole Corporation had 1,020,000 shares of common stock outstanding. On March 1,…

A: EPS means net earnings on a single share. Firm use equity funds to generate a profit. EPS show how…

Q: On December 31, 2020, Dow Steel Corporation had 780,000 shares of common stock and 318,000 shares of…

A: The weighted average number of shares is the average sum of shares purchased during the period.

Q: On January 1, 2021, Windsor Corp. had 488,000 shares of common stock outstanding. During 2021, it…

A: Since the student has posted multiple requirements, we shall answer the first three alone. Thank…

Q: Sandhill Corporation had 3,500,000 shares of common stock outstanding on January 1, 2021. On April…

A: Basic Earnings Per Share = (Net Income - preferred dividend) / Weighted Average no. of common shares…

Q: On December 31, 2020, Berclair Inc. had 500 million shares of common stock and 20 million shares of…

A:

Q: On January 1, 2020 ,Herron Corporation purchased 5,000 shares of treasury stock. Other information…

A: Return on Common Stockholders' Equity will be calculated using following Formulae : Return on Common…

Q: At the beginning of 2019, Hardin Company had 280,000 shares of $10 par common stock outstanding.…

A: A corporation's shares are units of equity ownership. Shares exist as a financial asset for some…

Q: At the beginning of 2019, Hardin Company had 300,000 shares of $10 par common stock outstanding.…

A: The weighted average number of shares outstanding are calculated as shares outstanding with the…

Q: At the beginning of 2019, Hardin Company had 340,000 shares of $10 par common stock outstanding.…

A: 1.   oustanding Shares Months Weighted Average Beginning Balance 340000 2 Months…

Q: On March 15, 2018, Bank of America issued 94,000 shares of 5.875% Fixed-to-Floating Rate…

A: Dividend is the term which is described as the distribution of the earnings of the firm to its…

Q: In 2022, Margaritaville's Products completed the treasury stock transactions described below.…

A: Date Description Debit Credit January 3 Cash A/c $2,730,000        To Common Shares A/c…

Q: On January 1, 2023, the stockholders’ equity section of Kay Corporation shows common stock ($7 par…

A: Introduction: Ownership of a company is represented by shares. When someone purchases stock in your…

Q: 1. Jets Corp. had 200,000 shares of common stock outstanding on January 1, issued 400,000 shares on…

A: Since you have asked multiple question, we will solve the first question for you. If you want any…

Q: Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2020. On May 1, Tomba…

A: Weighted average number of shares refers to number of shares after incorporating change in shares…

Q: On January 1, 2021, Wilke Corp, had 480,000 shares of common stock outstanding. During 2021, it had…

A: Company's profitability can be identified by earnings per share as it shows earnings per share and…

Q: On January 1, 2021, Novak Corp. had  479,000 shares of common stock outstanding. During 2021, it had…

A: Earnings per share is a financial ratio that indicates a company’s ability to earn revenue for its…

Q: On January 1, 2021, Bramble Corp. had 487,000 shares of common stock outstanding. During 2021, it…

A: GIVEN     On January 1, 2021, Bramble Corp. had 487,000 shares of common stock outstanding. During…

Q: On January 1, 2021, Coronado Industries had 124000 shares of its $5 par value common stock…

A: Stock dividends: Stock dividends are the number of shares issued by a company to the existing…

Q: the end of 2021, selected records and accounts of Megamoth Corporation reflected the following…

A: 1) Calculate the weighted average number of shares outstanding: Months Actual Share Outstanding…

Q: On December 31, 2020, the Frisbee Company had 262,000 shares of common stock issued and outstanding.…

A: Earnings per share indicate the profits per share of common stockholders. It can be calculated by…

Q: On January 1, 2020, Kingbird Corporation had $2,020,000 of $10 par value common stock outstanding…

A: A journal entry is a record of a firm's business activity that is retained in the company's…

Q: In 2021, Southwestern Corporation completed the treasury stock transactions listed below. February…

A: Treasury stock refers to the stock reacquired by the company and company pays cash to acquired these…

Q: At the beginning of 2019, Hardin Company had 280,000 shares of $10 par common stock outstanding.…

A: The shares that are with investors are said to be issued and outstanding shares.

Q: transactions that affected the Common Stock account. February 1   Issued 120,000 shares March 1…

A: a. Computation of weighted average outastanding shares   Number of shares Stock Dividend…

Q: In 2021, Southwestern Corporation completed the treasury stock transactions listed below.…

A: Introduction: The cost method is one of the most conservative methods of accounting for investments…

Q: On January 1, 2021, Sunland Corp. had 459,000 shares of common stock outstanding. During 2021, it…

A: As you have posted multiple independent questions, we are answering the first three questions.…

Q: On January 1, 2021, Oriole Corp. had 478,000 shares of common stock outstanding. During 2021, it had…

A: Weighted average number of shares = sum of (Time adjustment * No. Of shares)

Q: On December 31, 2020, Dow Steel Corporation had 670,000 shares of common stock and 307,000 shares of…

A: Basic EPS   Numerator   Net income $ 2,450,000 Less : Preferred div $ 76,000 Income…

Q: On January 1, 2021, Novak Corp. had  479,000 shares of common stock outstanding. During 2021, it had…

A: Weighted avg no of shares=Outstanding shares*period outstanding/12

Q: On January 1, 2021, Monty Corp. had 459,000 shares of common stock outstanding. During 2021, it had…

A: Since we are entitled to answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit the…

Q: On December 31, 2020, Dow Steel Corporation had 740,000 shares of common stock and 314,000 shares of…

A: Dow's basic earnings per share Dow's diluted earnings per share

Q: On December 31, 2020, Berclair Inc. had 280 million shares of common stock and 3 million shares of…

A: working notes: Basic EPS: Weighted average shares of common stock outstanding. Basic EPS = Net…

Q: At the beginning of 2019, Hardin Company had 200,000 shares of $10 par common stock outstanding.…

A: Solution:  Introduction:  Share of stock represents both Common and Preferred stock of capital which…

Q: n January 1, 2021, Splish Corp. had 478,000 shares of common stock outstanding. During 2021, it had…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: At the beginning of 2019, Hardin Company had 300,000 shares of $10 par common stock outstanding.…

A: Date Outstanding x Effect of the stock dividend x Effect of split x Fraction of period = Weighted…

Q: On December 31, 2020, Dow Steel Corporation had 710,000 shares of common stock and 41,000 shares of…

A: Earnings per share = Net income available to Equity shareholders/weighted average number of shares

Q: On December 31, 2020, Berclair Inc. had 200 million shares of common stock and 3 million shares of…

A: Earnings per share represents the net earnings of the company held in hands of each shareholder.

Q: On January 1, 2021, a company had 499,000 shares of common stock outstanding. During the year, it…

A: Weighted average number of shares outstanding is the average number of shares that are outstanding…

Q: On January 1, 2021, Pharoah Corp. had 491,000 shares of common stock outstanding. During 2021, it…

A: Note: Assume that the accounting period of Pharoah Corp. starts in January and ends in December of…

Q: On January 1, 2021, Wilke Corp. had 480,000 shares of common stock outstanding. During 2021, it had…

A: a. Determine the weighted-average number of shares outstanding as of December 31, 2021.

Q: On December 31, 2020, Berclair Inc. had 225 million shares of common stock and 4 million shares of…

A: Earning Per Share (EPS): Net profit divided by the number of common shares issued and outstanding is…