On January 1, Riverbed Corp had 62,300 shares of no-par common stock issued and outstanding. The stock has a stated value of $4 per share. During the year, the following transactions occurred. Apr. 1   Issued 15,300 additional shares of common stock for $13 per share. June 15   Declared a cash dividend of $1.50 per share to stockholders of record on June 30. July 10   Paid the $1.50 cash dividend. Dec. 1   Issued 6,800 additional shares of common stock for $11 per share. Dec. 15   Declared a cash dividend on outstanding shares of $1.70 per share to stockholders of record on December 31.

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A: Given, 1,000,000 common shares (stated value of $0.25) issued at $1.20 10,000 preferred shares (par…

Q: On October 10, the stockholders' equity section of Sherman Systems appears as follows. Common…

A: Journal entry is a process of recording and classifying business transactions initially into books…

Q: On July 1, a board of directors declared a $3 per share cash dividend, payable on July 31 to all…

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Q: Court Casuals has 100,000 shares of common stock outstanding as of the beginning of the year and has…

A: The question is based on the concept of Financial Accounting.

Q: February 16, Hawthorne Co. declares a $0.34 dividend to be paid on April 5. Hawthorne has 2,000,000…

A: Dividend  pay will result in cash outflows

Q: On January 1, Crane Corporation had 94,500 shares of no-par common stock issued and outstanding. The…

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Q: Please help

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A: Journal entry: It is defined as the recording of company's day to day transactions of monetary…

Q: On June 1, a board of directors declared a $3 per share cash dividend, payable on June 30 to all…

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Q: Read & Learn Company has $1,000,000 shares of 10%, $20 Par Value Preferred Stock outstanding. On…

A: Number of Preferred Stock outstanding on 15th December = 1,000,000 shares Therefore, Number of…

Q: On June 1, Sheffield Inc. issues 3,350 shares of no-par common stock at a cash price of $7 per…

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Q: Entries to issue stock                                   Devers Company had the following…

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Q: On January 1, Sheffield Corp. had 56,600 shares of no-par common stock issued and outstanding. The…

A: Dividend is payable on No. of outstanding shares.

Q: On January 1, Larkspur, Inc. had 93,000 shares of no-par common stock issued and outstanding. The…

A: Journal entry: This is the first step to record accounts. It is written in the same order in which…

Q: On May 20, the board of directors for Auction.com declared a cash dividend of 50 cents per…

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Q: On May 10, Blue Spruce Corporation issues 3,050 shares of $10 par value common stock for cash at $20…

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Q: On January 1, Pharoah Company had 64,500 shares of no-par common stock issued and outstanding. The…

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A: Dividend declared would be paid on no. of outstanding shares only.

Q: On February 12, Quality Carpet Inc., a carpet wholesaler, issued for cash 1,000,000 shares of no-par…

A: a.

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Q: On January 1, Guillen Corporation had 95,000 shares of no-par common stock issued and outstanding.…

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Q: On January 1, Swifty Corporation had 71000 shares of $10 par value common stock outstanding. On June…

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Q: On January 1, Vermont Corporation had 46,700 shares of $10 par value common stock issued and…

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Q: On January 1, the company had 150,000 common shares outstanding. During the year, the following…

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Q: Spring Company is authorized to issue 7500,000 shares of $2 par value common stock. In its first…

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Q: On January 1, Molini Corporation had 95,000 shares of no-par common stock issued and outstanding.…

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Q: During its first year of operations, Blue Spruce Corp. had these transactions pertaining to its…

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Q: PickApart Arts, Inc., had earnings of $398,000 for the year. The company had 44,000 shares of common…

A: It is the income which is available to the common shareholders per share after giving preferred…

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.