Horton Industries shareholders equity included 260 million shares of $1 par common stock and a balance in paid-in capital-excess of par 2,600 million. Assuming that Horton retires it reacquires(restores their status to that of authorized but unissued shares), by what amount will Horton's total paid-in capital decline if it reacquires 5 million shares at 9.00 per share? total paid-in capital will decline by?

Q: Gall Corporation paid dividends of P500,000 and P1,600,000 at the end of 2021 and 2022,…

A: The dividends are declared from the retained earnings of the business.

Q: NMB Corporation has 5,000,000 ordinary shares and 1,000,000 shares of 6% P100 par value cumulative…

A: Dividends are the part or share of profits of the business that is distributed to the shareholders…

Q: NEKO Inc., a corporation that issues ordinary shares with par value, completed a 2-for-1 stock split…

A: New par value per share = Current par value per share x 1/ stock split ratio where, Current par…

Q: ABC Corporation reported a profit of P7,500,000 as of December 31, 2022. The company has the…

A: According to the given question, we need to compute the earnings per share.    Earning per share:…

Q: Agee Storage issued 38 million shares of its $1 par common stock at $13 per share several years ago.…

A: Answer:  There are companies which buy back its own share from the market. In these cases the total…

Q: Written, Inc. has outstanding 300,000 shares of $2 par ordinary shares and 60,000 shares of no-par…

A: Outstanding Shares: 60,000 shares of no-par 8% preference shares Value of Shares: $5 per share…

Q: Noemy Co. owns 15,000 of the 100,000 ordinary shares of Republic Corporation. The investment is…

A: Step 1 Journal is the part of book keeping.

Q: Boston Lumber is unlevered with 222 shares outstanding and earnings before interest and taxes, or…

A: Calculation of Boston Lumber's EPS after the partition.

Q: Andam Corporation has outstanding 60,000 shares of 5% preference shares with a P50 par value and…

A: Non cumulative and non participating preference shares:- Non cumulative preference shares means,…

Q: Inc., a corporation that issues ordinary shares with par value, completed a 2-for-1 stock split on a…

A: New Par Value = Existing Par Value * (1/stock split ratio) = 175 * (1/2) = 87.5 New par value is…

Q: Vivienne Company owns 15,000 of the 100,000 ordinary shares of Rain Corporation. The investment is…

A: The calculation of cash dividend will be based on the number of eligible shares that are receivable…

Q: Empirana, Inc. earned P960,000.00 in a year. The management declared a dividend of P3.50 per share…

A: The retained earnings during the year increase by the amount of profit after deducting the dividends…

Q: Black and White Corp.’s balance sheet shows total assets of P3,000,000 and total liabilities of…

A: When the company decides to discontinue its operations it is known as liquidation. It can be a…

Q: Toady Inc. has 2 million shares outstanding selling at $70 a share. The Company intends to undertake…

A: A rights issue is a set of rights granted to existing shareholders to buy additional stock shares…

Q: Andam Corporation has outstanding 60,000 shares of 5% preference shares with a P50 par value and…

A: Since multiple sub-parts are posted, only the first three sub-parts will be answered. Kindly…

Q: On January 2, 2022, MAMBA Inc. purchased 5,000 shares of the 20,000 shares outstanding of BLACK…

A: Acquiring the outstanding common shares of a company gives the ownership rights to the buyer. The…

Q: Ownership in Brooks Brothers Ltd. is represented by 200 000 shares of outstanding common stock on…

A: In this question, we will calculate Earnings per share for two alternatives and select that…

Q: Agee Storage issued 35 million shares of its $1 par common stock at $16 per share several years ago.…

A: Retired stock: Buy back of shares from the shareholders by paying cash and obtaining the status of…

Q: Marlene Co. had 300 million shares of $1 par common stock outstanding at January 1, 2021. In October…

A: Note: When stock dividend is issued then retained earnings is decreased by the market value of the…

Q: What amount should Romina Inc. report as dividend income?

A: No of shares bought by Romina Inc. = 160,000 shares             No of shares after stock split =…

Q: Gall Corporation paid dividends of P500,000 and P1,600,000 at the end of 2021 and 2022,…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: Murphy Co. had 60,000 common shares outstanding on January 1, 2020. The company sold an additional…

A: Earnings per share are computed in order to determine how much earnings are available to each common…

Q: NMB CORPORATION HAS 5,000,000 ORDINARY SHARES AND 1,000,000 SHARES OF 6% P100 PAR VALUE CUMULATIVE…

A: The question is related to dividend payment. Dividend to be paid to ordinary Shareholders P1 per…

Q: Gall Corporation paid dividends of P500,000 and P1,600,000 at the end of 2021 and 2022,…

A: Calculation of dividend payble to preference shareholders  >> (50,000 *100*12%) = 600,000 But…

Q: Bulldogs Inc., a corporation that can only legally issue ordinary shares with par value, recently…

A: Share price Share price is the current market price of the share. It is the price of the share at…

Q: Be Happy Corp. had 300,000 common shares issued and outstanding on January 1, 2028 with a value of…

A: Treasury stock is a  contra account to the common stock account that shown as negative item in…

Q: Firm B has a net income of $2 million and has 1 million shares of common stocks outstanding. Firm…

A: Net income =$2million  outstanding shares =1million  share prices =32  20% of net income =2×0.2=0.4…

Q: the owners’ equity accounts for Quadrangle International are shown here:   Common stock ($1 par…

A: The share price is the current market price of the share. It is the price of the share at any…

Q: The following dividend transactions were summarized by Hyatt Company during 2022: Share dividend…

A: Hyatt Company has declared two types of dividend- Share dividend and Property dividend.  Dividend…

Q: The company raises $5 million in equity capital by selling new shares of stock in the company to…

A: Accounting equation is  Total Assets = Total liabilities + equity

Q: ndy Company owns 15,000 of the 100,000 ordinary shares of X Corporation. The investment is accounted…

A: Journal: Journal is considered as a book of original entry because all the transactions that have…

Q: Yankees, Inc. has 100,000 shares of P10 par value ordinary shares and 50,000 shares of P10 par…

A: Organization needs to pay the dividend on the preference shares before paying the dividends on the…

Q: Horton Industries’ shareholders’ equity included 100 million shares of $1 par common stock and a…

A:

Q: Sandy Company owns 15,000 of the 100,000 ordinary shares of X Corporation. The investment is…

A: Answer: If she opted to receive cash instead of share dividend, then she will receive deividend @…

Q: The Glendora Company has 200,000 shares of cumulative, five percent, $100 par value preferred stock…

A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…

Q: cash dividends shall the ordinary shareholders

A: Cash dividends received by preference shareholders = Amount of outstanding preference shares * Rate…

Q: ABC Corporation has outstanding 10,000 shares of 10% Preference Share Capital with a par value of…

A: Given that, 10% preference shares capital = 10,000 shares at par value of P100  Ordinary share…

Q: Empirana, Inc. earned P960,000.00 in a year. The management declared a dividend of P3.50 per share…

A: Addition to retained earnings = Net Income - Preferred Dividend - Common Stock Dividend

Q: Agee Storage issued 35 million shares of its $1 par common stock at $16 per share several years ago.…

A: Retired stock: Buy back of shares from the shareholders by paying cash and obtaining the status of…

Q: Sandy Company owns 15,000 of the 100,000 ordinary shares of X Corporation. The investment is…

A: Dividend is defined as the distribution of the earnings of the company to class of its shareholders…

Q: Raymond Corporation has 7,500 ordinary shares in its treasury with par value of P100 and cost of…

A: option D  is incorrect share premium - Treasury will have no balance at the end of the year after…

Q: The following dividend transactions were summarized by Hyatt Company during 2022: Share dividend…

A: When shares, property, inventory, equipment, or any physical asset are given to shareholders as an…

Q: National Co. recently completed a 3-for-1 stock split.  Prior to the split, the company had 10…

A: A 3 for 1 stock split means that every share is converted into 3 shares. This increases the number…

Q: ABC Corp. issued new shares with a par value of P1,000, issue price of P1,200 and net proceeds of…

A: Cost of equity is the cost of financing with the common stock or retained earnings. It is the…

Q: The board of directors decided to pay 50 percentof the firm’s $460,000 earnings in dividendsto the…

A: Formula for new retained earnings would: New retained earnings = Net income + Existing retained…

Q: Baker Company had 5,000 ordinary shares of P500 par value and 500 preference shares of P1,000 par…

A: The Company had 5,000 ordinary shares of P500 par value and 500 preference shares of P1,000 par…

Q: Company S has 4,000 shares outstanding and a total stockholders’ equity of $200,000. It is about to…

A: Acquisition is a business process that takes place between two business entities, wherein one…