Total stockholders' equity includes $50,000 of common stock with a stated value of $0.50 and 5,000 shares of treasury stock with a total cost of $25,000. How many total shares of common stock are outstanding?
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- A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting journal entry would include which of the following? A. a credit to common stock B. a credit to cash C. a debit to paid-in capital in excess of preferred stock D. a debit to cashThe following data was reported by Saturday Corporation: Authorized shares: 30,000 Issued shares: 25,000 Treasury shares: 5,000 How many shares are outstanding?The balance sheet caption for common stock is: Common stock, $10 par value, 7,000,000 shares authorized, 5,700,000 shares issued, and 5,500,000 shares outstanding. a. Calculate the dollar amount that will be presented opposite of this caption. b. Calculate the total amount of a cash dividend of $1.00 per share.c. What accounts for the difference between issued shares and outstanding shares?
- A corporation purchases 4,608 shares of its own $7 par common stock for $29 per share, recording it at cost. What will be the effect on total stockholders' equity?The balance sheet caption for common stock is the following: Common stock, $2 par value, 2,070,000 shares authorized, 1,310, 000 shares issued, 1,050,000 shares outstanding $? Required: a. Calculate the dollar amount that will be presented opposite this caption. b. Calculate the total amount of a cash dividend of $0.27 per share. c. What accounts for the difference between issued shares and outstanding shares? a. Amount b. Cash dividend c. Difference between issued shares and outstanding sharesUsing the following information, compute earnings per share. Net Income $300,000, Common Stock Dividends $50,000, Preferred Dividends $40,000. Outstanding Shares of Common Stock 52,000 shares. Outstanding shares of Preferred Stock 40,000 shares.
- The stockholders' equity section of the balance sheet for Normal Outfitters' at December 31, 2022 follows: Common stock, $3 par, 30,000 shares authorized $84,000 Additional paid-in capital 176,400 Treasury stock, 1,400 shares at cost 39,620 Retained earnings Total stockholders' equity 105,000 What is the cost of the treasury stock per share? What is the value of total stockholders' equity? $? How many shares of common stock are issued? How many shares of common stock are outstanding? How many shares of common stock will receive dividends if dividends are declared? What was the average price received when the common stock was initially issued?A corporation purchases 8,002 shares of its own $10 par common stock for $15 per share, recording it at cost. What will be the effect on total stockholders' equity? a.increase by $40,010 b.increase by $120,030 c.decrease by $40,010 d.decrease by $120,030Which of the following would be included in the entry to record the issuance of 7,000 shares of $4 par value common stock at $27 per share? Cash would be debited for $28,000. Common stock would be debited for $28,000. Common stock would be credited for $189,000. Paid in capital in excess of par-common would be credited for $161,000.
- Total Stockholders' Equity of P200,000 should be Treasury Shares, 1,000 sharesThe stockholders’ equity section of O’Vear Corporation consists of Common stock ($10 par) $2,000,000 and Retained earnings $500,000. A 10% stock dividend (20,000 shares) is declared when the market value per share is $14. Show the before and after effects of the dividend on the following. The components of stockholders’ equity. Shares outstanding. Par value per share.A corporation purchases 9,515 shares of its own $10 par common stock for $18 per share, recording it at cost. What will be the effect on total stockholders' equity? a.decrease by $171,270 b.increase by $171,270 c.decrease by $76,120 d.increase by $76,120
