occurred during 20x3: a. Issued 180,000 shares to key employees as compensation for their past services to the company on February 28,   20x3. b. Issued a 10% dividend on March 31, 20x3. c. Issued 200,000 ordinary shares for cash on June 30, 20x3.   d. Declared a 2-for-1 stock sp

Q: On January 5, the Daisy Corporation issued 15,000 shares of $50 par, 7% Preferred Stock at $53 per…

A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

Q: July 3, 20x2, Yami issued 150,000 of its ordinary shares for P1,950,000. A 5% share dividend was…

A: Solution: Working: Date Particulars Ordinary Share (P) paid in capital of excess of par retained…

Q: On July 1, a board of directors declared a $3 per share cash dividend, payable on July 31 to all…

A: Date Accounts Debit Credit July 1 Dividends (1,000-200) * $3 2,400       Dividends Payable…

Q: Northwest Clothing Supply has the following transactions during the year related to stockholders'…

A: Total dividend declared  = (no. of Common stock + no. of preferred stock) x dividend per share =…

Q: On January 1, 20X1, Browning Corporation had 75,000 shares of $1 par value common stock issued and…

A: We have the following information: On January 1 20X1: Browning Corporation had 75,000 shares of $1…

Q: Oriole Company had the following transactions during the current period. Mar. 2   Issued 4,200…

A: Journal entry is an activity of record keeping of economic or non- economic transactions in thr…

Q: During its first year of operations, Johnson Corporation had the following transactions pertaining…

A: Working notes:  Jan 10 = 80,800 shares * $6 per share. = $484800  Jan 10 = 80,800 shares * $4 per…

Q: During the year, BFAR Corp. completed the following transactions related to its treasury shares:…

A: Share premium includes the amount which is computed if the shares are purchased or sold at the…

Q: (A) BBS corporation had the following transactions during the current period. March 2 - Issued 5,000…

A: Solutions: Transaction General Journal Debit Credit 02-Mar Organization expense 53000…

Q: Whispering Winds Corporation began operations on April 1 by issuing 59,500 shares of $5 par value…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: Tamarisk, Inc. had the following transactions during the current period. Issued 4,900 shares of $5…

A: Treasury Stock:  Treasury Stock is the term that is used to describe shares of a company’s own stock…

Q: Axle Corporation had 800,000 shares of common stock issued and outstanding at January 1. No commons…

A: Diluted Earning Per Share: The diluted earnings per share (diluted EPS) of a corporation is…

Q: On June 1, a board of directors declared a $3 per share cash dividend, payable on June 30 to all…

A: Total amount of dividend = No. of shares issued and outstanding x dividend per sahre = (1000 shares…

Q: Helu Corporation was organized on January 1, with an authorization of 1,000,000 ordinary shares with…

A: Shares of the company can be issued at par value or value more than par value or less than par…

Q: Metlock, Inc. had the following transactions during the current period. Mar. 2   Issued 4,800…

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: Maxwell had the following transactions pertaining to its ordinary shares during the first year of…

A: Here in this case, we are required to make journal entry for issue if share. Company issue shares to…

Q: During its first year of operations, Collin Raye Corporation had the following transactions…

A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…

Q: Leone Co. had the following transactions during the current period. – Mar. 2 Issued 5,000 shares of…

A:

Q: On January 1, 20X5, Solace Medical Corp. (SMC) has 85,000 common shares outstanding. The following…

A: Weighted average number of shares outstanding is calculated using the time factor and the number of…

Q: OSE Corporation's articles of incorporation provides for the issuance of 100,000 ordinary shares.…

A: The dividend is the distribution of the portion of profit earned by the company. The dividend is…

Q: DEF Co. earned income of $750,000 for the fiscal year ended Dec 31. At the beginning of that year…

A: Earning Per Share (EPS) represents the net income that each common shareholder is earning from the…

Q: On June 23, 200C, Pinoy Trading owned and operated by Phil was incorporated. On this date, the…

A: Shareholders equity is one of the important element of balance sheet of the business. It means total…

Q: During May 1, 20x1, Yami Inc. issued 90,000 of its P10 par value ordinary shares for P1,080,000. Net…

A: 1) Journal Entries Date Particulars No of share Debit Credit   Retained Earning May-20x1 Bank…

Q: On December 31, 20x2, Preacher, Inc. had 500,000 ordinary shares outstanding. The following…

A: For computing the basis EPS we have to determine the number of ordinary shares outstanding at…

Q: During its first year of operations, Bonita Corporation had the following transactions pertaining to…

A: Share issued Known as issued shares, these are the subset of authorized shares that have been sold…

Q: At the beginning of the year, a company has issued a total of 500,000 shares of common stock,…

A: Introduction: Retained earnings: Retained earnings refer to the income residing in the business…

Q: At the beginning of 20X1, the accounting records of Friends Corp. reported the following: Preferred…

A: Journal entry is a record of financial transactions in the books of accounts of a business. It…

Q: On June 23, 200C, Pinoy Trading owned and operated by Phil was incorporated. On this date, the…

A: As stated in the query Phil's Pinoy Trading, which he owns and operates, was incorporated on June…

Q: une 23, 200C, Pinoy Trading owned and operated by Phil was incorporated. On this date, the balance…

A: In basic accounting equation the total assets must be equal to total equity and total liabilities…

Q: a. Prepare all of the necessary journal entries to record the events described above.b. Prepare the…

A: Requirement a:   Pass all of the necessary journal entries to record the events.

Q: On July 1, a board of directors declared a $3 per share cash dividend, payable on July 31 to all…

A: Dividend declared would be paid on no. of outstanding shares only.

Q: Healthy Life Co. is an HMO for businesses in the Fresno area. The following account balances appear…

A: In case of declaration of stock dividend the dividend to the shareholders is paid in form of shares…

Q: Monty Inc. has 5,400,000 shares of common stock issued and outstanding. On April 1, the board of…

A:

Q: On January 1, 20x1, Raven Ltd. had 40,000 shares of common shares issued and outstanding. The book…

A: 1. Stockholder's Equity - Stockholder's Equity includes the amount contributed by shareholders…

Q: Almond, Inc held its quarterly dividend meeting on December 8.  At that time, the directors declared…

A: Dividend payable = No. of shares * Dividend per share

Q: AUBURN Corporation had 120,000 of ordinary shares issued and January 2 of the same year, the company…

A: Earnings per share represent the earnings held in hands of each shareholder of the company. It is…

Q: Helu Corporation was organized on January 1, with an authorization of 1,000,000 ordinary shares with…

A: Treasury stock: Shares which are bought back by the company from the open market but not retired…

Q: Lewis Co. recently hired a new accountant with very limited experience in corporate accounting.…

A: The journal entries are prepared to keep the record of day to day transactions of the business on…

Q: Splish Brothers Inc. had the following transactions during the current period. Mar. 2   Issued…

A: The organization can raise fund for the operation song integrity by issuing common stock, preferred…

Q: Global Corporation had 60,000 shares of $20 par value common stock outstanding on July 1. Later that…

A: Stock dividends are dividends paid to the shareholders in the form of shares i.e. instead of cash…

Q: On April 1, Kang Corporation purchased back 250 shares of $1 par value common stock for $20 per…

A: Treasury stock: When shares are purchased from the open market by the company then these shares are…

Q: Ahnberg Corporation had 800,000 shares of common stock issued and outstanding at January 1. No…

A: Definition:   Earnings per share (EPS): The amount of net income available to each shareholder per…

Q: On September 1, Reedy Company has 500,000 shares of $30 par value ($330 market value) common stock…

A: Stock splits: Stock split means dividing single stock into multiple number of shares. Under stock…

Q: During its first year of operations, Buffalo Corporation had the following transactions pertaining…

A: Common stock and Preferred stock are two type of shares issued by the companny. Any amount received…

Q: Trans Union Corporation issued 5,200 shares for $50 per share in the current year, and it issued…

A: When shares are sold or issued , cash account will be debited which increases the total assets and…

Q: On June 23, 200C, Pinoy Trading owned and operated by Phil was incorporated. On this date, the…

A: Corporation is a legal form of business organisation, under which members invest money or capital in…

Q: When Crossett Corporation was organized in January Year 1, it immediately issued 4,700 shares of $48…

A: Formulas:

Q: Darren Company had 600,000 ordinary shares outstanding on January 1, issued 120,000 shares on May 1,…

A: Weighted average number of shares outstanding is the sum of all outstanding shares multiplied by the…

Q: Sweet Company’s outstanding stock consists of 1,700 shares of noncumulative 4% preferred stock with…

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

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.