in January 1st 2003, Pisces issue ceres 10000 share for $400000 In cash meaning there are 120000 shares outstanding. Some additional information is on November 1st, 2023, (1)Pisces declares a total cash of $180000 (2) Pisces reports $225000 net income for 2023. it’s stock price on December 31, 2023 is $38 (3) On November 1, 2024, Pisces announces a total divend of $270000 to be paid on January 2, 2025 (4) Pisces reports $360000 net income for 2024. Its stock price on December 31, 2024 is $44. (Q1)Prepare the journal entries in ceres book for the 2023 calendar year. (Q2) prepare journal entries for 2024 and 2025 calendar year

in January 1st 2003, Pisces issue ceres 10000 share for $400000 In cash meaning there are 120000 shares outstanding. Some additional information is on November 1st, 2023, (1)Pisces declares a total cash of $180000 (2) Pisces reports $225000 net income for 2023. it’s stock price on December 31, 2023 is $38 (3) On November 1, 2024, Pisces announces a total divend of $270000 to be paid on January 2, 2025 (4) Pisces reports $360000 net income for 2024. Its stock price on December 31, 2024 is $44. (Q1)Prepare the journal entries in ceres book for the 2023 calendar year. (Q2) prepare journal entries for 2024 and 2025 calendar year

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 27CE: Calculating the Number of Shares Issued Castalia Inc. issued shares of its $0.80 par value common...

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Outstanding Stock Lars Corporation shows the following information in the stockholders equity section of its balance sheet: The par value of common stock is S5, and the total balance in the Common Stock account is $225,000. There are 13,000 shares of treasury stock. Required: What is the number of shares outstanding? Use the following information for Exercises 10-58 and 10-59: Stahl Company was incorporated as a new business on January 1, 2019. The company is authorized to issue 600,000 shares of $2 par value common stock and 80,000 shares of 6%, S20 par value, cumulative preferred stock. On January 1, 2019, the company issued 75,000 shares of common stock for $15 per share and 5,000 shares of preferred stock for $25 per share. Net income for the year ended December 31, 2019, was $500,000.
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Hyde Corporations capital structure at December 31, 2018, was as follows: On July 2, 2019, Hyde issued a 10% stock dividend on its common stock and paid a cash dividend of 2.00 per share on its preferred stock. Net income for the year ended December 31, 2019, was 780,000. What should be Hydes 2019 basic earnings per share? a. 7.80 b. 7.09 c. 7.68 d. 6.73
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