Financial Accounting
3rd Edition
ISBN: 9780133791129
Author: Jane L. Reimers
Publisher: Pearson Higher Ed
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Chapter 8, Problem 2IE
To determine
Identify the number of types of stocks have been authorized and issued, and determine the number of shares are issued and outstanding by Corporation H.
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How many shares of common stock are outstanding at year-end(Refer to the Balance Sheet). (one sentence answer)
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3. What is the total shareholders’ equity at year-end?
4. How many shares are outstanding at year-end?
For puposes of computing the weighted average number of shares outstanding during the year, a midyear event that must be treated as occurring at the beginning of the year is the： a. issuance of stock warrants b. purchase of treasury stock c. sale of additional common stock d. declaration and issuance of a stock dividend
Chapter 8 Solutions
Financial Accounting
Ch. 8 - Prob. 1YTCh. 8 - Prob. 2YTCh. 8 - Prob. 3YTCh. 8 - Prob. 4YTCh. 8 - 1. Compare a stock split and a stock dividend. 2....Ch. 8 - Prob. 6YTCh. 8 - Prob. 1QCh. 8 - Prob. 2QCh. 8 - Prob. 3QCh. 8 - Prob. 4Q
Ch. 8 - Prob. 5QCh. 8 - Prob. 6QCh. 8 - Prob. 7QCh. 8 - Prob. 8QCh. 8 - Prob. 9QCh. 8 - Prob. 10QCh. 8 - Prob. 11QCh. 8 - Would treasury stock be considered authorized,...Ch. 8 - Prob. 13QCh. 8 - Prob. 14QCh. 8 - Prob. 15QCh. 8 - What are the two sections of the shareholders...Ch. 8 - Prob. 17QCh. 8 - Prob. 18QCh. 8 - Prob. 19QCh. 8 - Prob. 1MCQCh. 8 - Prob. 2MCQCh. 8 - Treasury stock is a. a companys own stock that it...Ch. 8 - Prob. 4MCQCh. 8 - Prob. 5MCQCh. 8 - Prob. 6MCQCh. 8 - The number of shares of stock designated as issued...Ch. 8 - Prob. 8MCQCh. 8 - Prob. 9MCQCh. 8 - Prob. 10MCQCh. 8 - Prob. 1SEACh. 8 - Prob. 2SEACh. 8 - Prob. 3SEACh. 8 - Prob. 4SEACh. 8 - Prob. 5SEACh. 8 - Prob. 6SEACh. 8 - Prob. 7SEACh. 8 - Prob. 8SEACh. 8 - Prob. 9SEACh. 8 - Calculate retained earnings balance. (LO 5)....Ch. 8 - Prob. 11SEACh. 8 - Prob. 12SEBCh. 8 - Prob. 13SEBCh. 8 - Prob. 14SEBCh. 8 - Prob. 15SEBCh. 8 - Prob. 16SEBCh. 8 - Prob. 17SEBCh. 8 - Prob. 18SEBCh. 8 - Prob. 19SEBCh. 8 - Prob. 20SEBCh. 8 - Prob. 21SEBCh. 8 - Prob. 22SEBCh. 8 - Prob. 23EACh. 8 - Prob. 24EACh. 8 - Prob. 25EACh. 8 - Prob. 26EACh. 8 - Prob. 27EACh. 8 - Prob. 28EACh. 8 - Prob. 29EACh. 8 - Prob. 30EACh. 8 - Prob. 31EACh. 8 - Analyze equity accounts. (LO 1, 2, 3, 5). The...Ch. 8 - Prob. 33EACh. 8 - Prob. 34EACh. 8 - Prob. 35EACh. 8 - Prob. 36EACh. 8 - Prob. 37EACh. 8 - Prob. 38EACh. 8 - Prob. 39EBCh. 8 - Prob. 40EBCh. 8 - Prob. 41EBCh. 8 - Prob. 42EBCh. 8 - Prob. 43EBCh. 8 - Prob. 44EBCh. 8 - Prob. 45EBCh. 8 - Prob. 46EBCh. 8 - Prob. 47EBCh. 8 - Prob. 48EBCh. 8 - Prob. 49EBCh. 8 - Prob. 50EBCh. 8 - Prob. 51EBCh. 8 - Prob. 52EBCh. 8 - Prob. 53EBCh. 8 - Prob. 54EBCh. 8 - Prob. 55PACh. 8 - Prob. 56PACh. 8 - Prob. 57PACh. 8 - Prob. 58PACh. 8 - Prob. 59PACh. 8 - Prob. 60PACh. 8 - Prob. 61PACh. 8 - Prob. 62PACh. 8 - Prob. 63PBCh. 8 - Prob. 64PBCh. 8 - Prob. 65PBCh. 8 - Prob. 66PBCh. 8 - Prob. 67PBCh. 8 - Prob. 68PBCh. 8 - Prob. 69PBCh. 8 - Prob. 70PBCh. 8 - Prob. 1FSACh. 8 - Prob. 2FSACh. 8 - Prob. 3FSACh. 8 - Prob. 1CTPCh. 8 - Prob. 2CTPCh. 8 - Prob. 1IECh. 8 - Prob. 2IECh. 8 - Prob. 3IECh. 8 - Prob. 4IECh. 8 - Prob. 5IE
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- 1. At year-end, how many ordinary shares were issued? 2. At year-end, how many shares are outstanding?arrow_forwardIn computations of weighted average of shares outstanding, when a stock dividend or stock split occurs, the additional shares are weighted by the number of days outstanding. weighted by the number of months outstanding. considered outstanding at the beginning of the year. considered outstanding at the beginning of the earliest year reported.arrow_forwardRequired information The following information applies to the questions displayed below.) Sun Corporation received a charter that authorized the issuance of 80,000 shares of $7 par common stock and 19,000 shares of $100 par, 5 percent cumulative preferred stock. Sun Corporation completed the following transactions during its first two years of operation. Year 1 Jan. 5 Bold 12,000 whares of the $7 par common atock for $9 par share. 12 Bold 1,900 sharen of the 5 perceat preferred stoek for $110 per share. Apr. 5 Bold 16,000 uhares of the $7 par common stock for $11 per share. Dec.31 During the year, earned 5312, 500 in cash revenun and paid $236,100 for cash opersting expenann. 31 Declared the canh đividend on the outatanding aharea of preferred atock tor Year 1. the dividend will be paid on February 15 to atoekholders of record on January 10, Year 2. Year 2 Feb.15 Paid the cash dividend declared on December 31, Year 1. Mar. 3 Sold 2, 850 shares of the $100 par preferred stoek for $120…arrow_forward
- Required: How much is the Retained earnings, end - UNAPPROPRIATED?* How much is the total shareholders' equity at year-end?* What is the number of outstanding ordinary shares?* What is the number of outstanding preference shares?*arrow_forwardcan you please journalize the transactions and indicate the amount to be reported shares and for common shares at the end of the yeararrow_forwardIn computations of weighted average of shares outstanding, when a stock dividend or stock split occurs, the additional shares are a. considered outstanding at the beginning of the reporting period b. weighted by the number of months outstanding. c. considered outstanding at the payment date. d. weighted by the number of days outstanding.arrow_forward
- Authorized stock represents the: number of shares that are currently held by stockholders. number of shares that have been sold. number of shares that have been repurchased by the corporation. maximum number of shares that can be issued.arrow_forwardQuestions: 1. How much is the issued common stock? 2. How much is the balance of Shareholders Equity as of December 31?arrow_forwarda. What is the average selling price of the stock that had been issued as of december 31, 2021? b. The par value of the outstanding shares of ordinary shares as of December 31, 20X2 is shown as P403 million. This is actually a rounded amount. What is the exact par value of the common stock outstanding as of that date? c. How many shares of common stock were issued during 20X2? d. How many shares would Excelsior be allowed to issue during 20X2? pls answer all and i'll give u a good ratearrow_forward
- I need the answer to part B please. Record the stock transaction occurring on Sept. 1. Record the stock transaction occurring on Dec. 1.arrow_forwardWhat is the equation for the weighted average shares of common stock outstanding? (NIE 9) (Beginning Shares 0.5)(Ending Shares 0,5) Ending Shares number of times the shares changed during the year 12 (Beginning Shares Ending Shares) / 2 None of these are correct .arrow_forwardBased on the above journal: Prepare the company’s Stockholders equity section of the balance sheet at December 31, 2021. (Hint!!!!!!!) The following information must be clearly stated/shown: information on par or par values for all classes of shares which must be shown separately. the number of shares authorized and issued where necessary. the sub total for the total paid in capital. Retained earnings. total stockholders’ equity.arrow_forward
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