Current Attempt in Progress Crane Company issued 5900 shares of its $5 par value common stock having a fair value of $25 per share and 8400 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $254000. The proceeds allocated to the preferred stock is $168000 O $118748 O $170016 O $135252
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- The following information relates to X, Y, and Z as at 30 June 2021 Stock Share price Number of shares X 10 2,000,000 Y 15 6,000,000 Z 20 10,000,000 During the year the following activities occurred; A two for one stock split on Y Payment of 10% dividend on Z. It can be assumed that the entire dividend paid will be reinvested in shares of Z limited. On 30 June 2022 the stock prices of X, Y and Z were sh 12, sh 10 and sh 20 respectively. Required; New index value given that the beginning value index is 100. Explain how secondary markets benefit investors. State and explain the main risks faced by financial institutions in the course of conduct of their business.Please don't give image formatSizzle Company shareholders' equity at the beginning of 2010 is shown at the table below: Ordinary Share capital, USD20 authorized 50,000 shares; issued and outstanding 30,000 shares par value, USD600,000 Ordinary Share premium USD150,000 Retained earnings USD230,000 In addition, during the year, these transactions happened: а. 2,500 shares were repurchased as treasury shares at a price of USD28 per share. b. share. 500 treasury shares were sold at a price of USD32 700 shares of treasury shares were sold at a price of USD24 per share. per с. d. Sizzle Company reported a net income of USD120,000 for the current year. Please calculate the balance of the Share Premium – Treasury Shares account of Sizzle Company after recoding all these transactions. Show complete solution and explanation.
- The shareholders' equity section of Tata Company revealed the following information on December 31, 20x1: Share premium on preference shares 600,000Estimated premiums payable 400,000Authorized preference shares at P50 par value 3,200,000Treasury shares - ordinary shares (10,000 shares) 300,000Subscribed preference shares 240,000Authorized ordinary shares at P10 stated value 4,800,000Share premium conversion option - bonds payable 160,000Gain on sale of treasury shares 240,000Unrealized increase in value of FVTOCI securities 40,000Ordinary share warrants outstanding 140,000Unissued ordinary shares 2,600,000Unissued preference shares 600,000Cash dividends payable - preference share 320,000Donated capital 160,000Reserve for depreciation 400,000Revaluation surplus 520,000Reserve for bond sinking fund 1,280,000Ordinary share options outstanding 100,000Accumulated profits - unappropriated 2,000,000Bonds payable 4,000,000Subscribed ordinary shares 800,000Long-term investments in equity…View Policies Current Attempt in Progress Crane Company issued 9000 shares of its $5 par value common stock having a fair value of $20 per share and 14000 shares of its $10 par value preferred stock having a fair value of $20 per share for a lump sum of $510000. How much of the proceeds would be allocated to the common stock? O $180000 O $310435 O $199565 O $206250 Save for Later Attempts: 0 of 1 used Submit Answer MacBook AirbBramble 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.
- Accounting for Shares Waterport Sales' corporate charter authorized the firm to sell 800,000 shares of $10 par common stock. Waterport sold 251,500 shares and reacquired 1,650 of those shares. The reacquired shares were held as treasury stock. Later Waterport sold an additional 16,300 shares and purchased 3,100 more treasury shares. Required: Determine the number of issued and outstanding shares. 267,300 X shares 262,550 X shares Issued shares Outstanding sharesPLease answer only B3, B4, B5asap 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.
- On June 30, 2020, when ABC shares were selling for $ 65 each, the equity accounts had the following balances: Common shares (par value $ 50: 50,000 issued) $ 2,500,000 Capital contributed in excess of par value 600,000 Retained earnings 4,200,000 A 100% share dividend is declared and distributed, the balance of the Common Shares account after recording the dividend will be: a. $2,500,000 b. $7,300,000 c. $3,100,000 d. $5,000,00017. 4-6 A. BBB Company authorized to issue 37,500 share capital with par value of P100 B. 40% of the authorized share capital was subscribed at par C. Collected 45% of the of the subscription D. Full collection was received on 10,500 shares originally subscribed E. Cash subscription of 4,500 shares at par F. Building with the fair value of P700,000 was acquired upon issuance of 6,750 shares. The market value of the shares at that time was P110. G. Purchased 3,750 treasury shares at P95. H. Reissued 2,250 treasury shares at P98. I. Net income for the year is P1,350,000 J. Issued 20,250 warrants to shareholders, 1 right for each share, permitting the holders to acquire one shar capital of P100 at P105 with every 10 rights submitted. Share are selling at P99 per share at this time. K. Declared property dividend. The property has the fair value of P200,000 at the date of declaration and P185,000 carrying amount L. Received 500 shares donated by a shareholder. The fair value of shares at…Coronado Corporation’s December 31, 2020 balance sheet showed the following: 9% preferred stock, $20 par value, cumulative, 15100 shares authorized; 5100 shares issued $ 102000 Common stock, $10 par value, 1010000 shares authorized; 960000 shares issued, 930000 shares outstanding 9600000 Paid-in capital in excess of par—preferred stock 28000 Paid-in capital in excess of par—common stock 11460000 Retained earnings 3790000 Treasury stock (15100 shares) 317100 Coronado’s total paid-in capital was $20872900. $11240000. $21190000. $21507100.