The information below is taken from the shareholders' equity section of the statement of financial position for Cullumber Cab Shareholders' equity Preferred shares, authorized 10,000,000 shares, 4,580,000 and 2,120,000 issued and outstanding at December 31, 2024, and December 31, 2023, respectively. Common shares, authorized 25,000,000 shares, 1,000,000 and 2,120,000 shares issued and outstanding at December 31, 2024, and December 31, 2023, respectively. Retained earnings Accumulated other comprehensive income (loss) Total shareholders' equity a. b. 2024 C. $12,824,000 5,000,000 135,560,000 (19,400,000) $133,984,000 Provide the journal entries for the following: (Credit account titles are automatically indented when the amount is entered. Do not i manually. If no entry is required, select "No entry" for the account titles and enter O for the amounts. List all debit entries before credit 2023 The issuance of preferred shares during 2024. The repurchase of 1,120,000 common shares during 2024 at $6 per share. The closing entry to record net income of $10,320,000. $4,240,000 10,600,000 126,360,000 (38,250,000) $102,950,000

The shareholders’ equity section of Superior Corporation’s balance sheet as of December 31, 2018, is as follows: Shareholders’ Equity Preferred stock, $100 par value; authorized, 300,000 shares; issued, 32,500 shares $3,250,000 Common stock, $5 par value; authorized, 2,000,000 shares; issued, 442,000 shares 2,210,000 Paid-in capital in excess of par—preferred 87,000 Paid-in capital in excess of par—common 875,000 Retained earnings 2,980,000 $9,402,000 The following events occurred during 2019: Jan. 5 10,000 shares of authorized and unissued common stock were sold for $6 per share. 16 12,000 shares of authorized and unissued preferred stock were sold for $107 per share. Apr. 1 78,000 shares of common stock were repurchased for the treasury at a price of $17 per share. Superior uses the cost method to account for treasury stock. Sept. 1 2,500 shares of preferred stock are issued in exchange for a piece of land. The land has an appraised value of $280,500. The preferred stock currently…

Below are the accounts shown in the December 31, 2020 trial balance of ABC Corporation: Preference shares, P50 par, 100,000 authorized, 40,000 shares issued Ordinary shares, P100 par, 200,000 authorized, 50,000 shares issued Subscribed preference share, 20,000 shares Subscribed ordinary shares, 20,000 shares Subscription receivable, preference due March 31, 2021, P180,000 Subscription receivable, ordinary due June 1, 2021, P260,000 Treasury stock, preference, 10,000 shares reacquired at P86 Share premium – Ordinary shares, P1,500,000 Share premium – Preference shares, P2,100,000 Share premium from Treasury, P400,000 Donated Capital, P600,000 Ordinary share warrants outstanding, P300,000 Ordinary share options outstanding, P200,000 Accumulated Profits, P3,100,000 Revaluation Surplus, P1,500,000 Reserve for plant expansion, P1,200,000 Unrealized Gain on financial asset at FMV through OCI/L, P200,000   How much is the total contributed capital of ABC Corporation? Group of answer choices…

Ashvin

Bacon Inc. has the following stockholders’ equity section in its May 31, 2019, comparative balance sheets:    May 31, 2019 April 30, 2019 Paid-in capital:             Preferred stock, $120 par value, 9%, cumulative, 200,000 shares authorized, 140,000 shares issued and outstanding $ 16,800,000   $ 16,800,000   Common stock, $5 par value, 1,000,000 shares authorized, 600,000 and 540,000 shares issued, respectively   ?     2,700,000   Additional paid-in capital   26,100,000     23,220,000   Retained earnings   36,200,000     34,640,000   Less: Treasury common stock, at cost; 72,000 shares and 68,000 shares, respectively   (4,412,000 )   (4,148,000 ) Total stockholders' equity $ ?   $ 73,212,000       Assume that on June 1 the board of directors declared a cash dividend of $0.60 per share on the outstanding shares of common stock. The dividend will be payable on July 15 to stockholders of record on June 15.e-1. Calculate the total amount of the dividend.

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