Bramble Corporation’s December 31, 2020 balance sheet showed the following: 7% preferred stock, $20 par value, 18300 shares   authorized; 13300 shares issued $ 266000 Common stock, $10 par value, 1930000 shares authorized;   1880000 shares issued, 1860000 shares outstanding 18800000 Paid-in capital in excess of par—preferred stock 59500 Paid-in capital in excess of par—common stock 24900000 Retained earnings 7670000 Treasury stock (19800 shares) 623700 Bramble’s total stockholders’ equity was $44051800. $51695500. $52331800. $51071800.

Bacon Inc. has the following stockholders’ equity section in its May 31, 2019, comparative balance sheets:    May 31, 2019 April 30, 2019 Paid-in capital:             Preferred stock, $120 par value, 9%, cumulative, 200,000 shares authorized, 140,000 shares issued and outstanding $ 16,800,000   $ 16,800,000   Common stock, $5 par value, 1,000,000 shares authorized, 600,000 and 540,000 shares issued, respectively   ?     2,700,000   Additional paid-in capital   26,100,000     23,220,000   Retained earnings   36,200,000     34,640,000   Less: Treasury common stock, at cost; 72,000 shares and 68,000 shares, respectively   (4,412,000 )   (4,148,000 ) Total stockholders' equity $ ?   $ 73,212,000       g. Assume that instead of the stock dividend described in f, the board of directors authorized a 2-for-1 stock split on June 1 when the market price of the common stock was $70 per share.1. What will be the par value, and how many shares of common stock will be…

1. The balance sheet of Quetico Inc. reported the following at December 31, 2020: A Shareholders' Equity B C Preferred shares, $0.40, 10,000 shares authorized 2 and issued $ 100,000 3 Common shares, 100,000 shares authorized* 400,000 45 Accumulated other comprehensive income Retained earnings 224,000 476,500 6 Total shareholders' equity 7 $ 1,200,500 *The common shares were issued at a stated value of $8.00 per share. Requirements a. Are the preferred shares cumulative or non-cumulative? How can you tell? b. What is the total amount of the annual preferred dividend? c. How many common shares are outstanding? d. Compute the book value per share of the common shares. No preferred dividends are in arrears, and Quetico Inc. has not yet declared the 2020 dividend..

On January 1, 2024, Dolar Incorporated had the following account balances in its shareholders' equity accounts. $ 241,000 482,000 195,000 1,950,000 3,900,000 20,500 Common stock, $1 par, 241,000 shares issued Paid-in capital-excess of par, common Paid-in capital-excess of par, preferred Preferred stock, $100 par, 19,500 shares outstanding Retained earnings Treasury stock, at cost, 4,100 shares During 2024, Dolar Incorporated had several transactions relating to common stock. January 15: February 17: April 10: July 18: December 1: December 20: Declared a property dividend of 100,000 shares of Burak Company (book value $11.9 per share, fair value $9.95 per share). Shareholders' equity Distributed the property dividend. A 2-for-1 stock split was declared and distributed on outstanding common stock and effected in the form of a stock dividend. (Dolar chose to reduce Paid-in capital-excess of par.) The fair value of the stock was $4 on this date. Declared and distributed a 4% stock dividend…

Bacon Inc. has the following stockholders’ equity section in its May 31, 2019, comparative balance sheets:    May 31, 2019 April 30, 2019 Paid-in capital:             Preferred stock, $120 par value, 9%, cumulative, 200,000 shares authorized, 140,000 shares issued and outstanding $ 16,800,000   $ 16,800,000   Common stock, $5 par value, 1,000,000 shares authorized, 600,000 and 540,000 shares issued, respectively   ?     2,700,000   Additional paid-in capital   26,100,000     23,220,000   Retained earnings   36,200,000     34,640,000   Less: Treasury common stock, at cost; 72,000 shares and 68,000 shares, respectively   (4,412,000 )   (4,148,000 ) Total stockholders' equity $ ?   $ 73,212,000       g. Assume that instead of the stock dividend described in f, the board of directors authorized a 2-for-1 stock split on June 1 when the market price of the common stock was $70 per share.1. What will be the par value, and how many shares of common stock will be…

The following is the Stockholders' Equity section of the balance for Spencer Corporation as of December 31, 2019. Stockholders' Equity Common stock, $1 par value; authorized, 10,000,000 shares. Issued and outstanding, 500,000 shares Additional paid-in capital, common stock Retained earnings Total Stockholders' Equity $500,000 3,500,000 6,750,000 $10.750.000 Spencer Corporation declared a 10% stock dividend on January 1, 2020, at which date the fair value of Spencer Corporation common stock was trading at $35 per share. Prepare the January 1, 2020, journal entry to record the declaration of the stock dividend. Date Account Debit Credit

Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2025, the following accounts were included in the stockholders' equity. Preferred Stock, 148,200 shares $2,964,000 Common Stock, 1,991,000 shares 9,955,000 Paid-in Capital in Excess of Par--Preferred Stock 207,000 Paid-in Capital in Excess of Par--Common Stock 26,478,000 Retained Earnings 4,495,000 The following transactions affected stockholders' equity during 2026. Jan. 1 29,200 shares of preferred stock issued at $23 per share. Feb. 1 46,100 shares of common stock issued at $21 per share. June 1 2-for-1 stock split (par value reduced to $2.50). July 1 28,900 shares of common treasury stock purchased at $10 per share. Blossom uses the cost method. Sept.15 9,200 shares of treasury stock reissued at $12 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 53 cents per share is declared. Dec. 31 Net income is $2,138,000. Prepare the stockholders'…

bBramble Corporation’s December 31, 2020 balance sheet showed the following: 7% preferred stock, $20 par value, 18300 shares   authorized; 13300 shares issued $ 266000 Common stock, $10 par value, 1930000 shares authorized;   1880000 shares issued, 1860000 shares outstanding 18800000 Paid-in capital in excess of par—preferred stock 59500 Paid-in capital in excess of par—common stock 24900000 Retained earnings 7670000 Treasury stock (19800 shares) 623700 Bramble’s total stockholders’ equity was $44051800. $51695500. $52331800. $51071800.

The stockholders’ equity section of Hendly Corporation appears below as of December 31, 2020. 8% preferred stock, $50 par value, authorized          100,000 shares, outstanding 90,000 shares       $  4,500,000 Common stock, $1.00 par, authorized and issued 10 million shares       10,000,000 Additional paid-in capital       20,500,000 Retained earnings (includes 2020 net income of $33,000,000)        167,000,000 Net income       $202,000,000 Net income for 2020 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of $18,000,000 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $360,000 were declared and paid in 2020. Dividends of $1,000,000 were declared and paid to common stockholders in 2020. Instructions Compute earnings per share data as it should appear on the income statement of Hendly Corporation.

coronado corporation has the following capital stock outstanding at december 31, 2020: 7% preferred stock, $100 par value, 15,800 shares issued and outstanding $1580000 common stock, no par, $10 stated value, 500000 shares authorized, 360000 shares issued and outstanding 3600000 the preferred stock was issued at a $130 per share. the common stock was issued at an average per share price of $14. prepare the paid-in capital section of the balance sheet at dec 31, 2020.