Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $150,000; Additional Paid-In Capital, $3,225,000; and Retaine Earnings, $12,400,000. During June, Noric issued for cash 50,000 shares of common stock (with a stated value of $1) at $16 per share. Noric reported the following results for the month ended October 31: Net income $2,350,000 475,000 Cash dividends declared Prepare a statement of stockholders' equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank. Noric Cruises Inc. Statement of Stockholders' Equity For the Month Ended October 31 Additional

Statement of stockholders' equity Noric Cruises Inc. began the month of October with the following balances: Common Stock, $150,000; Additional Paid-In Capital, $3,225,000; and Retaine Earnings, $12,400,000. During June, Noric issued for cash 50,000 shares of common stock (with a stated value of $1) at $16 per share. Noric reported the following results for the month ended October 31: Net income $2,350,000 475,000 Cash dividends declared Prepare a statement of stockholders' equity for the month ended October 31. If there is a net loss or there has been a decrease in stockholders' equity, enter that amount as a negative number using a minus sign. If an amount box does not require an entry, leave it blank. Noric Cruises Inc. Statement of Stockholders' Equity For the Month Ended October 31 Additional

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 57E: Outstanding Stock Lars Corporation shows the following information in the stockholders equity...

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ment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress%3Dfalse Зook Calculator Selected stock transactions Chart of Accounts Journal Instructions Alpha Sounds Corp., an electric guitar retailer, was organized by Michele Kirby, Paul Glenn, and Gretchen Northway. The charter authorized 1,100,000 shares of common stock with a par of $1. The following transactions affecting stockholders' equity were completed during the first year of operations: Jan. Issued 102,000 shares of stock at par to Paul Glenn for cash. Issued 3,600 shares of stock at par to Michele Kirby for promotional services provided in connection with the organization of the corporation and issued 42,500 shares of stock at par to Michele Kirby for cash. (record as two separate transactions.) 8 Purchased land and a building from Gretchen Northway in exchange for stock issued at par. The building is mortgaged for $177,100 for 20 years at 6%, and there is accrued interest of $4,700 on the mortgage note at…
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Help Save & Exit Su Check y Dublin Inc. had the following common stock record during the current calendar year. Outstanding, beginning of year Additional shares issued 6/30 Additional shares issued 9/30 2,000,000 100,000 100,000 A 10% stock dividend was paid on December 1. What is the number of shares to be used in computing basic EPS? Multiple Choice 2,075,000. 2.620.000. 2,475,000.
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The stockholders' equity section of the balance sheet for Normal Outfitters' at December 31, 2022 follows: Common stock, $3 par, 30,000 shares authorized $84,000 Additional paid-in capital 176,400 Treasury stock, 1,400 shares at cost 39,620 Retained earnings Total stockholders' equity 105,000 What is the cost of the treasury stock per share? What is the value of total stockholders' equity? $? How many shares of common stock are issued? How many shares of common stock are outstanding? How many shares of common stock will receive dividends if dividends are declared? What was the average price received when the common stock was initially issued?
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Paragraph Styles Below are select 1/1/Y7 balances for Victory Corporation's stockholders' equity accounts: 6% Preferred Stock $50,000,000 $ 4,500,000 $ 2,700,000 * Cost is $9/share Common Stock Treasury C/S* Following are 20Y7 transactions for Victory. Victory Corporation's fiscal year end is 12/31. Date Transaction Description 01/22/Y7 Issued 70,000 shares of no-par Preferred Stock with a stated value of $25 for $28 per share. Issued 100,000 shares of $3 par Common Stock for $17 per share. Declared a 15% common stock dividend to shareholders of recorOon 3/15/Y7 issuable on 3/31/Y7. The market price of Victory common stock on 03/01/Y7 was $15 per share. 02/10/Y7 03/01/Y7 03/31/Y7 Issued the common stock dividend declared on 03/01/Y7. 05/15/Y7 Declared a 3-for-1 stock split on the common stock when the market price was $18 per share. 06/09/Y7 Sold all the stock held in its treasury for $7/share. Purchased 40,000 shares of its own stock for $6 per share. Sold 13,000 shares of treasury…
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(1) Facebook now.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSession Locator=& eBook Show Me How Dividends Per Share Internal Insights Inc., a developer of radiology equipment, has stock outstanding as follows: 12,000 shares of cumulative preferred 1% stock, $120 par, distributed as dividends: first year, $9,600; second year, $29,200; third year, $46,560; fourth year, $87,600. Compute the dividend per share on each class of stock for each of the four years. Round all answers to two decimal places. If no dividends are paid 4th Year 1st Year 2nd Year 3rd Year Preferred stock (dividend per share) 3.00 X 0.70 X 0 Common stock (dividend per share) 0.88 X Feedback Check My Work Is the preferred stock cumulative or non-cumulative stock? Determine the amount of current dividends that preferred stock should receive per year. Is x