Below is United Delivery Service’s (UDS) stockholders' equity for the year ended 2022:
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Below is United Delivery Service’s (UDS)
|
Common Stock, $3 par value |
$60,000 |
|
Paid-in Capital in Excess of Par—Common |
35,000 |
|
|
100,000 |
|
|
(10,000) |
In March, UDS declares and distributes a 12% stock dividend when the market value of the stock is $6.
1) Prepare UDS's March end stockholders' equity section.
2) How would retained earnings change if UDS doubled their number of shares through a 2 for 1 stock split?
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- Kohler Corporation reports the following components of stockholders' equity at December 31, 2019. Common stock-$20 par value, 100,000 shares authorized, 55,000 shares issued and outstanding Paid-in capital in excess of par value, common stock Retained earnings $1,100,000 80,000 400,000 $1,580,000 Total stockholders' equity During 2020, the following transactions affected its stockholders' equity accounts. Jan. 2 Purchased 4,000 shares of its own stock at $20 cash per share. Jan. 5 Directors declared a $2 per share cash dividend payable on February 28 to the February 5 stockholders of record. Peb. 28 Paid the dividend declared on January 5. July Aug. 22 sold 2,500 of its treasury shares at $17 cash per share. Sept. 5 Directors declared a $2 per share cash dividend payable on October 28 to the September 25 atockholdera of 6 Sold 1,500 of its treasury shares at $24 caah per share. record. Oct. 28 Paid the dividend declared on September 5. Dec. 31 Cloned the $428,000 credit balance (from…Kohler Corporation reports the following components of stockholders’ equity at December 31, 2018. Common stock—$25 par value, 100,000 shares authorized,45,000 shares issued and outstanding $ 1,125,000 Paid-in capital in excess of par value, common stock 60,000 Retained earnings 400,000 Total stockholders' equity $ 1,585,000 During 2019, the following transactions affected its stockholders’ equity accounts. Jan. 2 Purchased 4,500 shares of its own stock at $15 cash per share. Jan. 5 Directors declared a $6 per share cash dividend payable on February 28 to the February 5 stockholders of record. Feb. 28 Paid the dividend declared on January 5. July 6 Sold 1,688 of its treasury shares at $19 cash per share. Aug. 22 Sold 2,812 of its treasury shares at $12 cash per share. Sept. 5 Directors declared a $6 per share cash dividend payable on October 28 to the September 25 stockholders of record. Oct. 28 Paid the…I need the answer as soon as possible
- The stockholders' equity section of the balance sheet for Normal Outfitters' at December 31, 2022 follows: Common stock, $3 par, 30,000 shares authorized $84,000 Additional paid-in capital 176,400 Treasury stock, 1,400 shares at cost 39,620 Retained earnings Total stockholders' equity 105,000 What is the cost of the treasury stock per share? What is the value of total stockholders' equity? $? How many shares of common stock are issued? How many shares of common stock are outstanding? How many shares of common stock will receive dividends if dividends are declared? What was the average price received when the common stock was initially issued?Weighted Average Shares At the beginning of 2019, Hardin Company had 360,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock: March 1 Issued 43,000 shares of stock at $22 per share. June 1 Issued a 15% stock dividend. July 1 Issued 15,000 shares of stock at $27 per share. Aug. 31 Issued a 2-for-1 stock split on outstanding shares, reducing the par value to $5 per share. Oct. 31 Reacquired 88,000 shares as treasury stock at a cost of $30 per share. Nov. 30 Reissued 59,000 treasury shares at a price of $33 per share. Required: 1. Determine the weighted average number of shares outstanding for computing the current earnings per share. Round your interim computations and final answer for the number of shares to nearest whole number. fill in the blank 1 shares2. Determine the number of common shares outstanding at December 31, 2019. fill in the blank 2 sharesWeighted Average Shares At the beginning of 2019, Hardin Company had 380,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock: March 1 Issued 43,000 shares of stock at $23 per share. June 1 Issued a 10% stock dividend. July 1 Issued 14,000 shares of stock at $28 per share. Aug. 31 Issued a 2-for-1 stock split on outstanding shares, reducing the par value to $5 per share. Oct. 31 Reacquired 91,000 shares as treasury stock at a cost of $31 per share. Nov. 30 Reissued 47,000 treasury shares at a price of $34 per share. Required: 1. Determine the weighted average number of shares outstanding for computing the current earnings per share. Round your interim computations and final answer for the number of shares to nearest whole number. _______shares2. Determine the number of common shares outstanding at December 31, 2019. _____________ shares
- Weighted Average Shares At the beginning of 2019, Hardin Company had 320,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock: March 1 Issued 44,000 shares of stock at $25 per share. June 1 Issued a 15% stock dividend. July 1 Issued 13,000 shares of stock at $30 per share. Aug. 31 Issued a 2-for-1 stock split on outstanding shares, reducing the par value to $5 per share. Oct. 31 Reacquired 90,000 shares as treasury stock at a cost of $33 per share. Nov. 30 Reissued 41,000 treasury shares at a price of $36 per share. Required: 1. Determine the weighted average number of shares outstanding for computing the current earnings per share. Round your interim computations and final answer for the number of shares to nearest whole number. fill in the blank 1 shares2. Determine the number of common shares outstanding at December 31, 2019. fill in the blank 2 sharesWeighted Average Shares At the beginning of 2019, Hardin Company had 300,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock: March 1 Issued 43,000 shares of stock at $24 per share. June 1 Issued a 15% stock dividend. July 1 Issued 14,000 shares of stock at $29 per share. Aug. 31 Issued a 2-for-1 stock split on outstanding shares, reducing the par value to $5 per share. Oct. 31 Reacquired 93,000 shares as treasury stock at a cost of $32 per share. Nov. 30 Reissued 57,000 treasury shares at a price of $35 per share. Required: 1. Determine the weighted average number of shares outstanding for computing the current earnings per share. Round your interim computations and final answer for the number of shares to nearest whole number. 2. Determine the number of common shares outstanding at December 31, 2019.Please provide assistance and explanation for scenario provided in the attached image.
- Western Communications has the following stockholders' equity on December 31, 2024: (Click on the icon to view the stockholders' equity) Read the requirements. ..... Requirement 1. Assuming the preferred stock is cumulative, compute the amount of dividends to preferred stockholders and to common stockholders for 2024 and 2025 if total dividends are $10,880 in 2024 and $52,000 in 2025. Assume no changes in preferred stock and common stock in 2025. (Assume all preferred dividends have been paid prior to 2024. Complete all input boxes. Enter a "0" for zero amounts. For the current year preferred dividend, be sure to enter the calculated dividend on the "current year dividend" line and the paid out dividend on the "total dividend to preferred stockholders" line.) Western's 2024 dividend would be divided between preferred and common stockholders in this manner: Total Dividend-2024 Dividend to preferred stockholders: Data table Dividend in arrears Current year dividend Stockholders' Equity…The following information is available for ConocoPhillips on December 31, 2022: Common Stock, $1.75 par, 400,000 shares authorized Additional Paid in Capital - Common Stock Retained Earnings Total Stockholders' Equity During 2023, ConocoPhillips completed these transactions (in chronological order): 1) Declared and issued a 2.0% stock dividend on the outstanding stock. At that time, the stock was quoted at a market price of $20 per share. 2) Issued 2,400 shares of common stock at the price of $18 per share. 3) Net Income for the year was $410,400. Determine the ending balance in the Additional Paid in Capital - Common Stock account on December 31, 2023: Select one: O O $651,000 840,000 756,000 $2,247.000 a. $1,014,780 b. $1,025,000 c. $1,032,000 d. $975,780 e. $879,000 4Weighted Average Shares At the beginning of 2019, Hardin Company had 330,000 shares of $10 par common stock outstanding. During the year, it engaged in the following transactions related to its common stock: March 1 Issued 45,000 shares of stock at $21 per share. June 1 Issued a 20% stock dividend. July 1 Issued 12,000 shares of stock at $26 per share. Aug. 31 Issued a 2-for-1 stock split on outstanding shares, reducing the par value to $5 per share. Oct. 31 Reacquired 88,000 shares as treasury stock at a cost of $29 share. Nov. 30 Reissued 52,000 treasury shares at a price of $32 per share. This information has been collected in the Microsoft Excel Online file. Open the spreadsheet, perform the required analysis, and input your answers in the questions below. Open spreadsheet Required: 1. Determine the weighted average number of shares outstanding for computing the current earnings per share. Round your interim computations and final answer for the number of shares to the nearest…
