Analyzing and Computing Issue Price and Shares OutstandingFollowing is the stockholders' equity section from Reliable Storage's 2018 balance sheet.(in thousands, except share data)Preferred Shares. $0.01 par value 100,000,000161.000Common Shares. $0.07 par value, 650,000,000174,130,881Paid-in capitalAccumulated deficitAccumulated other comprehensive lossTotal Reliable Storage shareholders equityNoncontrolling interestsTotal equityshares authorizedshares issued and outstandingshares authorized.shares issued and outstandingshares x SDecember 31, 2018per share rounded to sa. Show the computation to derive the $12,189 thousand for common stock.b. At what average price has Reliable Storage issued its common stock?$$2,817.500c At what average price has the company issued its preferred shares? $12.1894.002.940(404,152)(44,842)$6.383.63517.675$6.401,310thousand on the balance sheet.d. The company reports Accumulated deficit of $(404,152). What would this account be called if the balance was positive rather than negative?

Analyzing and Computing Issue Price and Shares Outstanding Following is the stockholders' equity section from Reliable Storage's 2018 balance sheet. (in thousands, except share data) Preferred Shares. $0.01 par value 100,000,000 shares authorized 161,000 shares issued and outstanding Common Shares $0.07 par value, 650.000.000 shares authorized 174,130,881 shares issued and outstanding Paid-in capital Accumulated deficit Accumulated other comprehensive loss Total Reliable Storage shareholders equity Noncontrolling interests Total equity shares x 5 December 31, 2018 per share rounded to s a. Show the computation to derive the $12,189 thousand for common stock. b. At what average price has Reliable Storage issued its common stock?$ $2,817.500 At what average price has the company issued its preferred shares? s 12.189 4.002.940 (404,152) (44,842) 56.383.635 17.675 $6,401,310 thousand on the balance sheet.

Analyzing and Computing Issue Price and Shares Outstanding Following is the stockholders' equity section from Reliable Storage's 2018 balance sheet. (in thousands, except share data) Preferred Shares. $0.01 par value 100,000,000 shares authorized 161,000 shares issued and outstanding Common Shares $0.07 par value, 650.000.000 shares authorized 174,130,881 shares issued and outstanding Paid-in capital Accumulated deficit Accumulated other comprehensive loss Total Reliable Storage shareholders equity Noncontrolling interests Total equity shares x 5 December 31, 2018 per share rounded to s a. Show the computation to derive the $12,189 thousand for common stock. b. At what average price has Reliable Storage issued its common stock?$ $2,817.500 At what average price has the company issued its preferred shares? s 12.189 4.002.940 (404,152) (44,842) 56.383.635 17.675 $6,401,310 thousand on the balance sheet.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please don't provide answer in image format thank you. Required 1. Record the transactions in the general journal. 2. Prepare the statement of shareholders' equity for the year ended December 31, 2023.
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The balance sheet of Tampa Company included the following shareholders' equity accounts at December 31,2021 $240,000 Common stock,240,000 shares at $1 par Paid-in captalexcoss of par Retained eamings Total shareholder' equity 060,000 3,800,000 $5.000,000 During 2022, the following transactions occurred 1 On May 3, 2022, a 5-for-4 stock split was declared and distributed. The stock spit was effected in the form of a 25% stock dividend. The market value of the $1 par common stock was $10 per share, 2. On July 5, 2022, a 5% common stock dividend was declared and distributed. The markel value of the common stock was $13 per share. 3. On December 1, 2022, the board of directors declared a cash dividend of $0.8 per share on its common shares, payable on December 28 to sharehoiders Determine the amount of cash dividend paid to shareholders on December 28, 2022 O $240,000 O $252,000 O $201,600 O $192.000
Share Issuances for Cash Finlay, Inc., issued 4,000 shares of $50 par value preferred stock at $119 per share and 6,000 sharesof no-par value common stock at $18 per share. The common stock has no stated value. All issuances were for cash. a. Determine the financial statement effect of the share issuances (preferred and common). Balance Sheet Income Statement Assets = Liabilities + Equity Revenues - Expenses = Net Income Answer Answer Answer Answer Answer Answer b. Determine the financial statement effect of the issuance of the common stock assuming that it had a stated value of $5 per share. Balance Sheet Income Statement Assets = Liabilities + Equity Revenues - Expenses = Net Income Answer Answer Answer Answer Answer Answer c. Determine the financial statement effect of the issuance of the common stock assuming that it had a par value of…
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