Vangaurd Corporation's December 31, 2019 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 20,000 shares authorized; 15,000 shares issued $ 300,000 Common stock, $10 par value, 2,000,000 shares authorized3; 1,950,000 shares issued, 1,920,000 shares outstanding 19,500,000 Paid-in capital in excess of par-preferred stock 60,000 Paid-in capital in excess of par-common stock 27,000,000 Retained earnings 7,500,000 Treasury stock (30,000 shares) 630,000 Vangaurd declared and paid a $96,000 cash dividend on December 15, 2019. If the company's dividends in arrears prior to that date were $20,000, Vangaurd's common stockholders received Select one: a. $44,000. b. $76,000. c. $0 d. $52,000

On January 1, 2021, the stockholders’ equity section of Jayhawk Corporation’s balance sheet showed the following   Preferred stock, $100 par value, 5%, 50,000 shares authorized,      5,000 shares issued and outstanding $500,000 Additional Paid-in-Capital, Preferred Stock 100,000 Common stock, $3 par value, 500,000 shares authorized,      20,000 shares issued and outstanding 60,000 Additional Paid-in-Capital, Common Stock 250,000 Total Contributed Capital 910,000 Retained Earnings 320,000 Total Stockholders' Equity $1,230,000                   During the year, 2021, the following transactions occurred:               February 2       Issued 2,000 shares of common stock for $22 per share.             April 15           Issued 1,000 shares of preferred stock for $125 per share.             July 10           Repurchased 500 shares of common stock (treasury stock) at $20       per share.       Required:   Prepare journal entries to…

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       g. Assume that instead of the stock dividend described in f, the board of directors authorized a 2-for-1 stock split on June 1 when the market price of the common stock was $70 per share.1. What will be the par value, and how many shares of common stock will be…

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       g. Assume that instead of the stock dividend described in f, the board of directors authorized a 2-for-1 stock split on June 1 when the market price of the common stock was $70 per share.1. What will be the par value, and how many shares of common stock will be…

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       c. What was the average cost per share of the common stock purchased for the treasury during the month?

Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. At December 31, 2025, the following accounts were included in the stockholders' equity. Preferred Stock, 148,200 shares $2,964,000 Common Stock, 1,991,000 shares 9,955,000 Paid-in Capital in Excess of Par--Preferred Stock 207,000 Paid-in Capital in Excess of Par--Common Stock 26,478,000 Retained Earnings 4,495,000 The following transactions affected stockholders' equity during 2026. Jan. 1 29,200 shares of preferred stock issued at $23 per share. Feb. 1 46,100 shares of common stock issued at $21 per share. June 1 2-for-1 stock split (par value reduced to $2.50). July 1 28,900 shares of common treasury stock purchased at $10 per share. Blossom uses the cost method. Sept.15 9,200 shares of treasury stock reissued at $12 per share. Dec. 31 The preferred dividend is declared, and a common dividend of 53 cents per share is declared. Dec. 31 Net income is $2,138,000. Prepare the stockholders'…

bBramble 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.

The stockholders’ equity section of Hendly Corporation appears below as of December 31, 2020. 8% preferred stock, $50 par value, authorized          100,000 shares, outstanding 90,000 shares       $  4,500,000 Common stock, $1.00 par, authorized and issued 10 million shares       10,000,000 Additional paid-in capital       20,500,000 Retained earnings (includes 2020 net income of $33,000,000)        167,000,000 Net income       $202,000,000 Net income for 2020 reflects a total effective tax rate of 20%. Included in the net income figure is a loss of $18,000,000 (before tax) as a result of a non-recurring major casualty. Preferred stock dividends of $360,000 were declared and paid in 2020. Dividends of $1,000,000 were declared and paid to common stockholders in 2020. Instructions Compute earnings per share data as it should appear on the income statement of Hendly Corporation.

coronado corporation has the following capital stock outstanding at december 31, 2020: 7% preferred stock, $100 par value, 15,800 shares issued and outstanding $1580000 common stock, no par, $10 stated value, 500000 shares authorized, 360000 shares issued and outstanding 3600000 the preferred stock was issued at a $130 per share. the common stock was issued at an average per share price of $14. prepare the paid-in capital section of the balance sheet at dec 31, 2020.

Metlock Corporation's December 31, 2020 balance sheet showed the following: 6% preferred stock, $20 par value, cumulative,        35000 shares authorized; 19000 shares issued $ 380000 Common stock, $10 par value, 3,000,000 shares authorized;        1,950,000 shares issued, 1,920,000 shares outstanding 19500000 Paid-in capital in excess of par value - preferred stock 66000 Paid-in capital in excess of par value - common stock 27900000 Retained earnings 8950000 Treasury stock (30,000 shares) 525000 Metlock's total paid-in capital was $48371000. $47846000. $27946000. $47321000.