A company issued 24,000 shares of $49 par value common stock upon conversion of 14,000 shares of $6 par value preferred stock. The preferred stock was originally issued at $21 per share. The common stock is trading at $63 per share at the time of conversion. In the journal entry to record the conversion of the preferred stock, Retained Earnings will decrease/increase by  ? . If the conversion does not affect retained earnings, then enter 0.

price of common shares is $30, what is the price-earnings ratio on common stock for Year 2? (Round intermediate computation to two decimal places and final answer to one decimal place.) Oa. 13.4

At the beginning of Year 1, Mike Co. had 100,000 shares of $1 par-value common stock outstanding. Mike's Year 1 net income before the effects of the independent transactions described below was $350,000. For each transaction, select from the option lists provided the appropriate effect, if any, on Mike's Year 1 basic earnings per share (BEPS). For the diluted earnings per share (DEPS), indicate whether it is lower, greater, or equal to the BEPS amount in Year 1. Each choice may be used once, more than once, or not at all. Do not leave any box empty; all the boxes must be filled. Assume that Mike is required to report both BEPS and DEPS. Transaction A. On March 1, Year 1, Mike issued 20,000 new shares of common stock. B. On January 1, Year 1, Mike issued to its employees call options to purchase 10,000 shares of Mike's common stock at $14 per share. No options were exercised during Year 1. The Year 1 average market price per share of Mike's common stock was $12. C. On January 1, Year 1,…

Vincent Corporation has 93,000 share of $100 par common stock outstanding. On June 30, Vincent Corporation declared a 4% stock dividend to be issued on July 30 to stockholders of record July 15. The market price of the stock was $124 a share on June 30. If no entry is required, select "No Entry Required" and leave the amount boxes blank. If an amount box does not require an entry, leave it blank. Journalize the entry required on June 30. June 30 Journalize the entry required on July 15. July 15 Journalize the entry required on July 30. July 30 00

An investor purchased 505 shares of common stock, $23 par, for $19,190. Subsequently, 106 shares were sold for $27 per share. What is the amount of gain or loss on the sale? a.$1,166 gain b.$1,590 gain c.$1,590 loss d.$1,166 loss

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An investor purchased 498 shares of common stock, $21 par, for $23,406. Subsequently, 112 shares were sold for $29 per share. What is the amount of gain or loss on the sale? Oa. $2,016 gain Ob. $2,016 loss Oc. $2,912 gain Od. $2,912 loss items (Previous Next re to search 3:27 PM 53°F Sunny (中岁 12/14/2021 a. OF prt sc delete 144 pause T shift alt alt ctrl USE YOUR SMARTPHONE FOR Reviews Vide05 Features

Maxville Company issues 250 shares of $50 par preferred stock and 1,000 shares of $10 par common stock in a "package" sale on December 31. Total proceeds received amount to $39,700. Required: 1. 2. Record the transaction for each independent assumption shown: The common stock has a current market value of $19 per share; the current market value of preferred stock is not known. The common stock and the preferred stock have a current market value per share of $22 and $62, respectively.

Maxville Company issues 250 shares of $50 par preferred stock and 1,000 shares of $10 par common stock in a “package” sale on December 31. Total proceeds received amount to $39,700. Required:   Record the transaction for each independent assumption shown:   1. The common stock has a current market value of $19 per share; the current market value of preferred stock is not known. 2. The common stock and the preferred stock have a current market value per share of $22 and $62, respectively.

On October 1, Hawking Corp. had 40,000 shares of $2 par value common stock outstanding before it declared a 2-for-1 stock split. At that time, its stock was selling for $50 per share. Question: After the split, how many shares of common stock are outstanding and what is their par value per share? Answer: After the split, the number of shares outstanding is and the par value per share is