
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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paid in capital includes the following except
common stock par value
paid in capital excess of par common stock
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- DeLong Corporation was organized on January 1, 2020. It is authorized to issue 10,000 shares of 8%, $100 par value preferred stock, and 500,000 shares of no-par common stock with a stated value of $2 per share. The following stock transactions were completed during the first year: Jan. 10 Issued 80,000 shares of common stock for cash at $4 per share. 1 Issued 5,000 shares of preferred stock for cash at $105 per share. 1 Issued 24,000 shares of common stock for land. The asking price of the land was $90,000. The fair value of the land was $85,000. Mar. Apг. 1 Issued 80,000 shares of common stock for cash at $4.50 per share. Aug. 1 Issued 10,000 shares of common stock to attorneys in payment of their bill of $30,000 for services performed in helping the company organize. May Sept. 1 Issued 10,000 shares of common stock for cash at $5 per share. Nov. 1 Issued 1,000 shares of preferred stock for cash at $109 per share.arrow_forwardHow do I calculate the net abount of stock issued when the firm pays X amount of dollars in dividends?arrow_forwardUse the information given to fill out missing boxes correctlyarrow_forward
- The category of equity that tracks the events relating to stockholder transactions is known as: Group of answer choices Retained Earnings Treasury Stock Paid-In Capital Awesome Categoryarrow_forwardThe return on equity is calculated using which of the following formulas? Multiple Choice Net income Stockholders' equity Net income - Average stockholders' equity Net income ÷ Common Stock Net income ÷ Retained earningsarrow_forwardHow are dividends per share for common stock used in the calculation of the following? O A. O B. O c. OD. Dividends per share payout ratio Numerator Numerator Denominator Denominator Earnings per share Numerator Not used Not used Denominatorarrow_forward
- All of the following would appear in the contributed capital section of shareholders' equity on the balance sheet except a. bonds payable b. additional paid-in capital from stock conversions c. preferred stock d. share rights and optionsarrow_forwardb. Cash Common Stock Paid-in Capital in Excess of Par - Common Stock Preferred Stock Paid-in Capital in Excess of Par - Preferred Stockarrow_forwardThe excess of retirement cost over the original issuance price is Debited to Share Premium - Treasury Shares Debited to Retained Earnings Debited to Share Capital Both a and b respectively Which of the following is an appropriate presentation of treasury stock?" As a marketable security As a deduction at cost from total stockholders' equity As a deduction at cost from total contingent liabilities As a deduction at par from total stockholders' equityarrow_forward
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