CashAccounts receivableFixed assetsTotal assetsAssetsAccounts payableNotes payableCommon stock (110,000 shares @ $4 par)Capital in excess of parRetained earningsTotal liabilities & owners' equityCommon stockCapital excess of parRetained earningsTotal equityLiabilitiesCommon stockCapital excess of parRetained earningsTotal equityThe firm's stock sells for $13 a share.a. Show the effect on the capital accounts of a two-for-one stock split. (Do not round intermediate calculations and round youranswers to the nearest whole dollar.)Effect of StockSplit$080,000328,000747,000$1,155,000b. Show the effect on the capital accounts of a 10 percent stock dividend. Part bis separate from part a. In part b, do not assume thestock split has taken place. (Do not round intermediate calculations and round your answers to the nearest whole dollar.)Effect of StockDividend$ 264,00058,000440,000100,000293,000$1,155,0000

Total equity refers to an amount that is being computed by subtracting the liabilities from the…

Answered: Cash Accounts receivable Fixed assets…

Corporate Fin Focused Approach

5th Edition

ISBN:9781285660516

Author:EHRHARDT

Publisher:EHRHARDT

Chapter14: Distributions To Shareholders: Dividends And Repurchases

Section: Chapter Questions

Problem 2STP

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Help Save & Exit Su As of December 31, 2021, Warner Corporation reported the following: Cash dividends payable Treasury stock Paid-in capital-share repurchase Common stock and other paid-in capital accounts Retained earnings 20,000 600,000 20,000 4,000,000 3,000,000 What was shareholders' equity as of December 31, 2021? Multiple Choice $7,020,000. $6,420,000. $6.400,000. Next > Prev 28 of 39 Question no, pages %24
Compute for stockholders' equity using the following information: 5 points Bonds payable Additional paid in capital on common stock Donated capital Treasury stock at cost Common stock, par P1 Common stock option warrants Investments in marketable securities P120,000 20,000 16,000 8,000 200,000 40,000 28,000 6,000 54,000 Additional paid in capital from treasury stock Retained earnings
The accumulated profit account of One San Miguel Co, follows: Date Item Debit Credit 07/01/2020 Balance 48,500.00 08/31/2020 Dividends paid 12/31/2020 Net income for the year 20,000.00 32,400.00 04/01/2021 Premium on capital share 06/30/2021 Gain on treasury share 15,000.00 10,000.00 09/30/2021 Dividends declared 30,000.00 12/31/2021 Net Income for the year 45,100.00 Appraisal increase of land 30,000.00 Balance 131,000.00 181,000.00 181,000.00 What is the correct balance of Accumulated Profits on December 31, 2021?
What is Wayne Co.'s total stockholders' equity based on the following account balances? Common Stock Paid-In Capital in Excess of Par Retained Earnings Treasury Stock O $975,000. O $1,150,000. O $1,000,000. O $800,000. $950,000 50,000 175,000 25,000
Jason’s Corp balance sheet as of December 31, 2021, reveals the following information. Preferred stock, $100 par $ 600,000 Paid-in capital in excess of par—preferred 50,000 Common stock, $1 par 300,000 Paid-in capital in excess of par—common 520,000 Retained earnings 320,000 What was the total paid-in capital as of December 31, 2021? Question 6Answer a. $320,000 b. $1,470,000 c. $900,000 d. $1,790,000
Alina Corp: Common Stock, $1 par $4,000,000 Paid in Capital-Common Stock $500,000 Preferred stock $1,500,000 Paid in capital-Preferred stock $450,000 Retained Earnings $4,750,000 Treasury Stock at cost $400,000 a. How much is the total paid-in capital (cash collected) related to common stock?
entó%20la%20siguiente%20información%20en%20su%20estado%20de%20situaci.. ESPAÑOL INGLÉS FRANCÉS ABC Corporation presented the following information in its 2021 statement of financial position: Common Stock ($30 par value, 5,000 issued and outstanding) $150,000 Capital paid in excess of par value of common $80,000 Retained Earnings $100,000 Prepare journal entries for each of the following transactions that occurred during the year: 24. 120 shares were purchased to be held as treasury stock at a cost of $60 per share. Enviar comentarios Guardado Contribuir
Compute the free cash flow to equity for a firm with the following conditions (each account is reported on a per share basis): Net Income $9.25 Depreciation $1.52 Proceeds from a Bond Issue $3.00 Total Debt Repayments $0.45 Change in Net Working Capital - $1.00 $15.22. O $14.32. $13.22. $12.32.
Following is the Balance Sheet of Redeemable Limited: 24 I. Equity and Liabilities (1) Shareholders' Funds (a) Paid-up Share Capital : 10% 1,000 Redeemable Preference Shares of $ 100 each fully called up Less : Calls in Arrears on 50 Shares @ $ 20 each 1,00,000 1,000 99,000 5,00,000 50,000 Equity Shares of $10 each (b) Reserves and Surplus : Development Rebate Reserve General Reserve 50,000 1,00,000 1,50,000 1,51,000 (2) Other Liabilities Total Equity and Liabilities 9,00,000 II. Assets Other Assets 8,10,000 90,000 Bank Total Assets 9,00,000 The Redeemaule Preference Shares were redeemed on the following basis : (1) Further 4,500 equity shares were issued at a premium of 10 per cent; (2) of the 50 Preference Shares, holders for 40 shares paid the call before the date of redemption. The balance 10 shares were forfeited for non-payment of calls before redemption. The forfeited shares were reissued as fully paid on receipt of $500 before redemption; (3) Preference shares were redeemed at…
follows: Debit Credit Accounts payable Accounts receivable Accumulated depreciation-building and equipment Additional paid-in capital-ordinary shares In excess of par value From sale of treasury shares Allowance for doubtful accounts Bonds payable Building and equipment P 290,000 P 550,000 1,560,000 250,000 1,100,000 Cash Ordinary share capital (P 1 par value) Dividends payable on preference shares-cash Inventories to 00 Land Investment in equity securities (at market) @ FVOCI Trading equity securities (at market) Preference shares (P50 par value) Prepaid expenses Retained earnings Treasury shares- ordinary (at cost) Unrealized decrease in value of investment in securities - OCI 285,000 215,000 180,000 Totals P3.615.000 P3.615.000 At December 31, 20X7 Partner had the following number of ordinary and preference shares: Ordinary Preference Authorized 00 000 panss Outstanding 150,000 140,000 The dividends on preference shares are P4 cumulative. In addition, the preference share has a…
Liabilities and Equity Current liabilities: Accrued wages and taxes Accounts payable Notes payable Total P 15 P 17 50 45 110 45 118 Long-term debt: Stockholders' equity: Preferred stock (5 million shares) Common stock and paid-in surplus (20 million shares) Retained earnings Total al liabilities and equity 190 195 40 155 200 40 192 237 P550 P500
1 Following is the Balance sheet of Jay Limited: Liabilities Equity Shares of Rs. 10 each Retained Earnings } VESHUR 6% Preference Share of Rs.10 each General Reserve Debenture Redemption Fund 5% Debentures Sundry Creditors Total Liabilities Amoun Required: Calculate value per share by using following 1. Yield Method 2. Net Assets Method t 300,000 200000 Assets Fixed Assets Allowances for Depreciation 21 13303 90,000 880,000 200,000 Current assets 5,000 Preliminary Expenses Unwritten Off Discount 25,000 60,000 Amoun t 600,000 (75,000) 340,000 10,000 5,000 Total Assets Current Assets include investments of Rs.50,000 market price of which is Rs.90,000. Debtors included in current assets are doubtful to the extent of Rs.25,000 for which no provision has been made so far. Debenture interest owes for two years and preference dividends are in arrear for two years. Earnings before tax is Rs.280,000 and Tax rate is 35%. The normal rate of dividend is 20%. 880,000

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