Loose Leaf for Financial Accounting: Information for Decisions
9th Edition
ISBN: 9781260158762
Author: John J Wild
Publisher: McGraw-Hill Education
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Identify whether stockholders’ equity would increase (I), decrease (D), or have no effect (NE) as a resultof each separate transaction A stock dividend equal to 30% of the previously outstanding shares is declared.
The following transactions and events affected its equity during the year. Question: What is the per share cost of the treasury stock purchased? *Round your answer to 2 decimal places. Cost per share?______
Requirement 1. Compute
AustinAustin
Company's earnings per share for
20182018.
Assume the company paid the minimum preferred dividend during
20182018.
Round to the nearest cent.
Select the formula, then enter the amounts to calculate the company's earnings per share for
20182018.
(Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares.)
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Data Table
2018
2017
Income Statement—partial:
Net Income
$6,660
$20,000
Dec. 31, 2018
Dec. 31, 2017
Balance Sheet—partial:
Total Assets
$200,000
$265,000
Paid-In Capital:
Preferred Stock—9%, $6 Par Value;…
Chapter 11 Solutions
Loose Leaf for Financial Accounting: Information for Decisions
Ch. 11 - Prob. 1DQCh. 11 - How are organization expenses reported?Ch. 11 - Prob. 3DQCh. 11 - What is the difference between authorized shares...Ch. 11 - Prob. 5DQCh. 11 - Prob. 6DQCh. 11 - Prob. 7DQCh. 11 - Prob. 8DQCh. 11 - Prob. 9DQCh. 11 - Prob. 10DQ
Ch. 11 - Prob. 11DQCh. 11 - Prob. 12DQCh. 11 - Prob. 13DQCh. 11 - Prob. 14DQCh. 11 - Refer to Apple’s fiscal 2016 balance sheet in...Ch. 11 - Prob. 16DQCh. 11 - Prob. 17DQCh. 11 - Prob. 1QSCh. 11 - Prob. 2QSCh. 11 - Prob. 3QSCh. 11 - Prob. 4QSCh. 11 - Prob. 5QSCh. 11 - Prob. 6QSCh. 11 - Prob. 7QSCh. 11 - Prob. 8QSCh. 11 - Prob. 9QSCh. 11 - Prob. 10QSCh. 11 - Prob. 11QSCh. 11 - Prob. 12QSCh. 11 - For each situation, identify whether we should...Ch. 11 - Prob. 14QSCh. 11 - Prob. 15QSCh. 11 - Prob. 16QSCh. 11 - Prob. 17QSCh. 11 - Prob. 18QSCh. 11 - Prob. 19QSCh. 11 - Prob. 20QSCh. 11 - Prob. 21QSCh. 11 - Prob. 1ECh. 11 - Prob. 2ECh. 11 - Prob. 3ECh. 11 - Prob. 4ECh. 11 - Prob. 5ECh. 11 - Prob. 6ECh. 11 - Prob. 7ECh. 11 - York’s outstanding stock consists of 80,000 shares...Ch. 11 - Use the data in Exercise 118 to determine the...Ch. 11 - Prob. 10ECh. 11 - Prob. 11ECh. 11 - Prob. 12ECh. 11 - Prob. 13ECh. 11 - Compute the priceearnings ratio for each of these...Ch. 11 - Prob. 15ECh. 11 - Prob. 16ECh. 11 - Prob. 17ECh. 11 - Prob. 18ECh. 11 - Prob. 1PSACh. 11 - Prob. 2PSACh. 11 - Prob. 3PSACh. 11 - Prob. 4PSACh. 11 - Raphael Corporation’s common stock is currently...Ch. 11 - Prob. 1PSBCh. 11 - Prob. 2PSBCh. 11 - Prob. 3PSBCh. 11 - The equity sections from Hovo Corporation’s 2017...Ch. 11 - Prob. 5PSBCh. 11 - Prob. 11SPCh. 11 - Prob. 1GLPCh. 11 - The following General Ledger assignments highlight...Ch. 11 - Use Apple’s financial statements in Appendix A to...Ch. 11 - Prob. 2FSACh. 11 - Prob. 3FSACh. 11 - Harriet Moore is an accountant for New World...Ch. 11 - Prob. 5BTN
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- Rebert Inc. showed the following balances for last year: Reberts net income for last year was 3,182,000. Refer to the information for Rebert Inc. above. Also, assume that the dividends paid to common stockholders for last year were 2,600,000 and that the market price per share of common stock is 51.50. Required: 1. Compute the dividends per share. 2. Compute the dividend yield. (Note: Round to two decimal places.) 3. Compute the dividend payout ratio. (Note: Round to two decimal places.)arrow_forwardRequired 1. Explain the transaction(s) underlying each journal entry (a) through (d). 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid-in capital at year-end? 4. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $695,000?arrow_forwardWhen calculating the weighted average shares of common stock outstanding, how should companies adjust for stock dividends? O They should be weighted by the number of days outstanding. O They should be considered outstanding at the beginning of the year. O They should be weighted by the number of months outstanding. O They should be considered outstanding at the mid-point of the year.arrow_forward
- The following account balances relate to the stockholders' equity accounts of Molder Corp. at year-end. Common stock, 10,500 and 10,000 shares, issued and outstanding, respectively, for 2022 and 2021 Preferred stock, 5,000 shares, issued and outstanding Retained earnings (a) (b) What was the amount of net income reported by Molder Corp. in 2022? Net income $ (c) A small stock dividend was declared and issued in 2022. The market price of the shares issued was $8,800. Cash dividends of $20,000 were declared and paid in both 2022 and 2021. The common stock and preferred stock have no par or stated value. Common stock $ Dividends eTextbook and Media Save for Later 2022 $160,800 125,000 Determine the amounts of any cash inflows or outflows related to the common stock and dividend accounts in 2022. $ Common stock 300,000 Dividends 2021 $140,000 125,000 270,000 Indicate where each of the cash inflows or outflows identified in (b) would be classified on the statement of cash flows.arrow_forwardFirm L had net assets at the end of the year of $415,000. The only items affecting stockholders' equity during the year were net income of $76,000 and dividends of $46,000. Required: Calculate Firm L's average stockholders' equity and return on equity (ROE). Choose Addend: Choose Numerator: + 1 Average Stockholders' Equity 1 Choose Addend: /Choose Denominator: Return on Equity 11 = Average Stockholders' Equity Average stockholders' Equity Return on Equity Return on Equity Check my workarrow_forwardAssuming a company has net income for the year, the end of year dollar balance in the "Total Stockholders' Equity" column of the statement of stockholders' equity should exactly match which of the following: Select one: a. The total cash balance on the balance sheet b. The total paid-in capital balance on the balance sheet c. The total liabilities balance on the balance sheet d. the total stockholders' equity balance on the balance sheet e. The total assets balance on the balance sheet f. The net income amount on the income statementarrow_forward
- Indicate the effect of the following event on the company's accounting equation. For each account title affected indicate the specific account name, dollar change, and whether it increased or decreased. Show the correct effect in the Stockholders' Equity column so the Balance Sheet balances. Declared a $8/shr. Cash Dividend on the 1,000 shrs. of Pref. Sk. and $10/shr. On 10,000 shrs. of common stock. Decrease the liability dividends payable and Increase the stockholders' equity retained earnings $108,000 Decrease the asset cash and the stockholders' equity retained earnings $108,000 Increase the liability dividends payable and decrease the stockholders' equity retained earnings $100,000 Increase the liability dividends payable and decrease the stockholders' equity retained earnings $108,000arrow_forward1. How much is the Retained earnings, end - UNAPPROPRIATED? 2. How much is the total shareholders' equity at year-end? 3. What is the number of outstanding ordinary shares?arrow_forwardThe following information from the financial statements of Dresden plc for last year is available: £m Issue of ordinary shares 80 Retained earnings (profits from previous years) 100 Increase of capital reserves due revaluation of non-current assets 152 Share Capital and Capital reserves at the start of the year 305 Profit for the year 50 Dividends of the year 23 What figure should appear in the statement of financial position for equity at the end of the period ?arrow_forward
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Stockholders Equity: How to Calculate?; Author: Accounting University;https://www.youtube.com/watch?v=2jZk1T5GIlw;License: Standard Youtube License