Please do not give solution in image format thanku 12Part 1 of 5)eBookAskPrietRequired information.[The following information applies to the questions displayed below.)The stockholders' equity section of Ironworks is presented here.IRONWORKSBalance Sheet (partial)($ and shares in thousands)Stockholders equity:Preferred stock, $1 par valueCommon stock, $1 par valueAdditional paid in capitalTotal paid-in capitalRetained earningsTreasury stock, 10,000 common sharesTotal stockholders equity$4,50015,000363,000382,500273,000(170,000)$485,500Based on the stockholders' equity section of Ironworks, answer the following questions. Remember that all amounts arepresented in thousands.Number of sharesRequired:1. How many shares of preferred stock have been issued? (Enter you answer in total number of shares, not in thousands.)

Preference shares are shares of a company's stock with dividends that are paid out to shareholders…

Answered: 12 Part 1 of 5) eBook Ask Priet…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

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Problem 1Q

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Required information [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50 par value Common stock, $5 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity $0 13,000 28,600 Basec the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. Average price 41,600 46,000 (2,300) $85,300 3. Total paid-in capital is $41.60 million. At what average price per share were the common shares issued? per share
OBLEMS Required information [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50 par value Common stock, $5 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity $0 13,000 28,600 Dividends paid 41,600 46,000 (2,300) $85,300 Saved Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. 4. If retained earnings at the beginning of the period was $39 million and net income during the year was $10,438,750, how much was paid in dividends for the year? (Enter your answer in dollars not in millions. (i.e., 5 should be entered as 5,000,000).)
Required information [The following information applies to the questions displayed below.] The stockholders' equity section of The Seventies Shop is presented here. THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50 par value Common stock, $5 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity $0 13,000 28,600 Number of shares 41,600 46,000 (2,300) $85,300 Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands. 5. If the treasury stock was purchased at $16 per share, how many shares were purchased? (Enter your answer in total number of shares, not in thousands.)
[The following information applies to the questions displayed below.] The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) (S and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings 5,800 28,000 1,028,600 1,062,400 286,000 (360,000) $ 988,400 Treasury stock, 12,000 common shares Total stockholders equity Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands Problem 10-4A Part 4 4. If retained earnings at the beginning of the period was $248 million and $28 million was paid in dividends during the year, what was the net income for the year? (Enter your answer in million (i.., 5,000,000 should be entered as 5).) Net income million
[The following information applies to the questions displayed below.] The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) (Sand shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained 5,800 28,000 1,028,600 1,062,400 286,000 (360,000) 988,400 rnings Treasury stock, 12,000 common shares Total stockholders' equity Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. Problem 10-4A Part 5 5. What was the average cost per share of the treasury stock acquired? Average cost per share
P13-40A (similar to) Thurman Comfort Specialists, Inc. reported the following stockholders' equity on its balance sheet at June 30, 2018: E (Click the icon to view the partial balance sheet.) Repde Data Table - X Re utstar Requirements Th Stockholders' Equity 1. Paid-In Capital: Identify the different classes of stock that Thurman Comfort Specialists has outstanding. What is the par value per share of Thurman Comfort Specialists' preferred stock? 2. Preferred Stock-5%, ? Par Value; 650,000 shares authorized, 375,000 shares issued and outstanding $ 1,500,000 3. Make two summary journal entries to record issuance of all the Thurman Comfort Specialists' stock for cash. Explanations are not required. Common Stock-$1 Par Value; 7,000,000 shares 4. No preferred dividends are in arrears. Journalize the declaration of a authorized, 1,330,000 shares issued and outstanding $300,000 dividend at June 30, 2018, and the payment of the dividend on July 20, 2018. Use separate Dividends Payable…
Required information [The following information applies to the questions displayed below.] The stockholders' equity section of Velcro World is presented here. VELCRO WORLD Balance Sheet (partial) ($ and shares in thousands) Stockholders' equity: Preferred stock, $1 par value Common stock, $1 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock, 11,000 common shares Total stockholders' equity $6,000,000 30,000,000 1,164,000,000 1,200,000,000 288,000,000 (352,000,000) $1,136,000,000 Based on the stockholders' equity section of Velcro World, answer the following questions. Remember that all amounts are presented in thousands. 5. What was the average cost per share of the treasury stock acquired? Average cost per share
com/ilm/takeAssignment/TakeAssignmentMain dowokatkoignmentSession.caterinprogress-b eBook Stockholders Coility Section of Balance Sheet The following accounts and their balances appear in the lodger of Yonah Properties Inc. on November 30 of the current year: Common Stock, $15 par Paid-In Capital in Excess of Par Paid-In Capital from Sale of Treasury Stock Retained Earnings Treasury Stock Prepare the "Stockholders' Equity section of the balance sheet as of November 30. A total of 50,000 shares of common stock are authorized, and 555 shares have been reacquired. Yonah Properties Inc. Stockholders' Equity Section of the Balance Sheet November 30 Line Item Description Paid-In Capital: Total Show Me How Video Total paid-in capital Total Total Stockholders' Equity Amount Amount Amount Accounting numeric field $169,500 13,560 7,300 250,000 10,545 0 TO
1. The following is a list of stockholders' equity accounts appearing on the balance sheet forWhiteheartCorporation on December 31, 20X3.Common stock, $10 par value P300,000Paid-in capital in excess of par-common 200,000Retained earnings 225,000Preferred stock, P50 par value 150,000Paid-in capital in excess of par-preferred 30,000Determine the following:a) What is total paid-in capital?b) What is total stockholders' equity?
The stockholders’ equity section of The Seventies Shop is presented here.THE SEVENTIES SHOP Balance Sheet (partial)($ in thousands)Stockholders’ equity:Preferred stock, $50 par value $ –0–Common stock, $5 par value 20,000Additional paid-in capital 100,000Total paid-in capital 120,000Retained earnings 53,000Treasury stock (3,700)Total stockholders’ equity $ 169,300Required:Based on the stockholders’ equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands.1. How many shares of preferred stock have been issued?2. How many shares of common stock have been issued?3. Total paid-in capital is $120 million. At what average price per share were the common shares issued?4. If retained earnings at the beginning of the period was $45 million and net income during the year was $9,907,500, how…
(b) Post to the stockholders' equity accounts. (Use T-accounts.) (c) Discuss the statement presentation of the accounts. E11-4 The stockholders' equity section of Lachlin Corporation's balance sheet at Decem- ber 31 is presented here. Answer qu stockhold LACHLIN CORPORATION (LO 2, 4), Balance Sheet (partial) Stockholders' equity Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding Common stock, no par, 750,000 shares authorized, 580,000 shares issued $ 600,000 bro 2,900,000 Total paid-in capital Retained earnings ibaonsupbsorl 3,500,000 1,158,000 Total paid-in capital and retained earnings Less: Treasury stock (6,000 common shares) Total stockholders' equity 4,658,000 32,000 $4,626,000 00 bosnonlin Instructions From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? (b) Assuming there is a stated value, what is the stated value of the common stock? (c)…
The stockholders' equity section of The Seventies Shop is presented here THE SEVENTIES SHOP Balance Sheet (partial) ($ in thousands) Stockholders' equity: Preferred stock, $50 par value Common stock, $5 par value Additional paid-in capital Total paid-in capital Retained earnings Treasury stock Total stockholders' equity se 17,500 70,000 87,500 50,500 (3,200) $134,800 Based on the stockholders' equity section of The Seventies Shop, answer the following questions. Remember that all amounts are presented in thousands Dividends paid 4. If retained earnings at the beginning of the period was $42 million and net income during the year was $13.450,000, how much was paid in dividends for the year? (Enter your answer in dollars not in millions. (i.e., 5 should be entered as 5,000,000).)

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