On January 1, 2016, the Osgood Film Studios reported the following alphabetical list of shareholders' equity items: Additional paid-in capital on common stock $177,650 Additional paid-in capital on preferred stock 10,200 Common stock, $2 par 83,600 Preferred stock, $100 par 51,000 Retained earnings 248,000 During 2016, the company sold 4,400 shares of common stock for $9 per share and 330 shares of preferred stock for $137 per share. It also earned income of $98,000 and paid dividends of $6 per share on the preferred stock and $1.80 per share on the common stock outstanding at the end of 2016. Required: Prepare Osgood's statement of shareholders' equity (include retained earnings) for 2016. OSGOOD FILM STUDIOS Statement of Shareholders' Equity For Year Ended December 31, 2016 Additional Paid-in Capital Additional Preferred Common Paid-in Retained Stock Stock $2 Capital $100 par par on Common Earnings Total on Preferred Stock Stock Balances, 1/1/16 83.600 10.200 177.650 248.000 570.450 S1.000 Common stock issued Preferred stock issued Net income 98.000 98.000

On January 1, 2016, the Osgood Film Studios reported the following alphabetical list of shareholders' equity items: Additional paid-in capital on common stock $177,650 Additional paid-in capital on preferred stock 10,200 Common stock, $2 par 83,600 Preferred stock, $100 par 51,000 Retained earnings 248,000 During 2016, the company sold 4,400 shares of common stock for $9 per share and 330 shares of preferred stock for $137 per share. It also earned income of $98,000 and paid dividends of $6 per share on the preferred stock and $1.80 per share on the common stock outstanding at the end of 2016. Required: Prepare Osgood's statement of shareholders' equity (include retained earnings) for 2016. OSGOOD FILM STUDIOS Statement of Shareholders' Equity For Year Ended December 31, 2016 Additional Paid-in Capital Additional Preferred Common Paid-in Retained Stock Stock $2 Capital $100 par par on Common Earnings Total on Preferred Stock Stock Balances, 1/1/16 83.600 10.200 177.650 248.000 570.450 S1.000 Common stock issued Preferred stock issued Net income 98.000 98.000

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Description: w.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=falseR. © 6 *E CalculatorOn January 1, 2016, the Osgood Film Studios reported the following alphabetical list of shareholders' equity items:Additional p

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter4: The Balance Sheet And The Statement Of Shareholders' Equity

Section: Chapter Questions

Problem 12E

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Stockholders' Equity Terminology A list of terms and a list of definitions or examples are presented below. Make a list of the numbers 1 through 12 and match the letter of the most directly related definition or example with each number Definitions and Examples Capitalizes retained earnings. Shares issued minus treasury shares. Emerson Electric will pay a dividend to all persons holding shares of its common stock on December 15, 2019, even if they just bought the shares and sell them a few days later. The accumulated earnings over the entire life of the corporation that have not been paid out in dividends. Common Stock account balance divided by the number of shares issued. The state of Louisiana set an upper limit of 1,000,000 on the number of shares that Gumps Catch Inc. can issue. Shares that never earn dividends. Any changes to stockholders equity from transactions with no owners. A right to purchase stock at a specified future time and specified price. j. A stock issue that requires no journal entry. k. Shares that may earn guaranteed dividends. 1. On October 15, 2019, General Electric announced its intention to pay a dividend on common stock.
Alert Companys shareholders equity prior to any of the following events is as follows: The company is considering the following alternative items: 1. An 8% stock dividend on the common stock when it is selling for 30 per share. 2. A 30% stock dividend on the common stock when it is selling for 32 per share. 3. A special stock dividend to common shareholders consisting of 1 share of preferred stock for every 100 shares of common stock. The preferred stock and common stock are selling for 123 and 31 per share, respectively. 4. A 2-for-1 stock split on the common stock, reducing the par value to 5 per share (assume the same date for declaration and issuance). The market price is 30 per share on the common stock. 5. A property dividend to common shareholders consisting of 100 bonds issued by West Company. These bonds are carried on the Alert Company books as an available-for sale investment at a fair value of 48,000 (which is also its cost); it has a current value of 54,000. 6. A cash dividend, consisting of a normal dividend and a liquidating dividend, on both the preferred and the common stock. The 10% preferred dividend includes a 2% liquidating dividend, and the 2.30 per share common dividend includes a 0.30 per share liquidating dividend (separate liquidating dividend contra accounts should be used). Required: For each of the preceding alternative items: 1. Record (a) the journal entry at the date of declaration and (b) the journal entry at the date of issuance. 2. Compute the balances in the shareholders equity accounts immediately after the issuance (any gains or losses are to be reflected in the retained earnings balance; ignore income taxes).
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.
Raun Company had the following equity items as of December 31, 2019: Preferred stock, 9% cumulative, 100 par, convertible Paid-in capital in excess of par value on preferred stock Common stock, 1 stated value Paid-in capital in excess of stated value on common stock| Retained earnings The following additional information about Raun was available for the year ended December 31, 2019: 1. There were 2 million shares of preferred stock authorized, of which 1 million were outstanding. All 1 million shares outstanding were issued on January 2, 2016, for 120 a share. The preferred stock is convertible into common stock on a 1-for-1 basis until December 31, 2025; thereafter, the preferred stock ceases to be convertible and is callable at par value by the company. No preferred stock has been converted into common stock, and there were no dividends in arrears at December 31, 2019. 2. The common stock has been issued at amounts above stated value per share since incorporation in 2002. Of the 5 million shares authorized, 3,580,000 were outstanding at January 1, 2019. The market price of the outstanding common stock has increased slowly but consistently for the last 5 years. 3. Raun has an employee share option plan where certain key employees and officers may purchase shares of common stock at 100% of the marker price at the date of the option grant. All options are exercisable in installments of one-third each year, commencing 1 year after the date of the grant, and expire if not exercised within 4 years of the grant date. On January 1, 2019, options for 70,000 shares were outstanding at prices ranging from 47 to 83 a share. Options for 20,000 shares were exercised at 47 to 79 a share during 2019. During 2019, no options expired and additional options for 15,000 shares were granted at 86 a share. The 65,000 options outstanding at December 31, 2019, were exercisable at 54 to 86 a share; of these, 30,000 were exercisable at that date at prices ranging from 54 to 79 a share. 4. Raun also has an employee share purchase plan whereby the company pays one-half and the employee pays one-half of the market price of the stock at the date of the subscription. During 2019, employees subscribed to 60,000 shares at an average price of 87 a share. All 60,000 shares were paid for and issued late in September 2019. 5. On December 31, 2019, there was a total of 355,000 shares of common stock set aside for the granting of future share options and for future purchases under the employee share purchase plan. The only changes in the shareholders equity for 2019 were those described previously, the 2019 net income, and the cash dividends paid. Required: Prepare the shareholders equity section of Rauns balance sheet at December 31, 2019. Substitute, where appropriate, Xs for unknown dollar amounts. Use good form and provide full disclosure. Write appropriate notes as they should appear in the publisher financial statements.
Following is the shareholders equity section of All-Wood Doors on a day a. Use the financial statement template below to show the financial statement effects of the following dividend events. (Assume that the events are independent.) (1) Cash dividend declaration and payment of 1 per share (3) Property dividend declaration and payment of shares representing a short-term investment in Screen Products, Ltd., with a fair value of 10,000 (3) 10% stock dividend (4) 100% stock dividend (5) 3-for-1 stock split (6) 1-for-2 reverse stock split b. Which events changed the book value of common equity? Under what conditions will these events lead to future increases and decreases in ROE?
Treasury Stock, Cost Method Bush-Caine Company reported the following data on its December 31, 2018, balance sheet: The following transactions were reported by the company during 2019: 1. Reacquired 200 shares of its preferred stock at 57 per share. 2. Reacquired 500 shares of its common stock at 16 per share. 3. Sold 100 shares of preferred treasury stock at 58 per share. 4. Sold 200 shares of common treasury stock at 17 per share. 5. Sold 100 shares of common treasury stock at 9 per share. 6. Retired the shares of common stock remaining in the treasury. The company maintains separate treasury stock accounts and related additional paid-in capital accounts for each class of stock. Required: 1. Prepare the journal entries required to record the treasury stock transactions using the cost method. 2. Assuming the company earned a net income in 2019 of 30.000 and declared and paid dividends of 10,000, prepare the shareholders equity section of its balance sheet at December 31, 2019.
Assume the following is the stockholders' equity section from the Abercrombie & Fitch balance sheet. Assume the following is the 2016 stockholders' equity section from the Cisco Systems, Inc., balance sheet. Shareholders’ Equity ($ thousands) January 30, 2016 January 31, 2015 Class A common stock-$0.01 par value: 150,000,000 shares authorized and 103,300,000 shares issued at January 30, 2016 and January 31, 2015, respectively/td> $1,033 $1,033 Paid-in capital 161,678 140,251 Retained Earnings 1,357,791 1,076,023 Accumulated other comprehensive income (796) - Deferred compensation 26,206 15,048 Treasury stock at average cost: 15,573,789 and 17,262,943 shares at January 30, 2016 and January 31, 2015, respectively (550,795) (563,029) Total shareholders’ equity $995,117 $669,326 For the $22,394 million reported as “common stock and additional paid-in capital,” what portion is common stock? How many shares are outstanding at its 2016 fiscal year-end?
b) An analysis of stockholders' equity of Hahn Corporation as of January 1, 2017, is as follows: Common stock, par value Tk. 20; authorized 100,000 shares; issued and outstanding 90,000 shares, Tk. 1,800,000; Paid-in capital in excess of par, Tk. 700,000; Retained earnings , Tk. 760,000. Hahn uses the cost method of accounting for treasury stock and during 2017 entered into the following transactions: i. Acquired 2,500 shares of its stock for Tk. 75,000. ii. Sold 2,000 treasury shares at Tk. 35 per share. iii. Sold the remaining treasury shares at Tk. 20 per share. Required:Assuming no other equity transactions occurred during 2017, what should Hahn report at December 31, 2017, as total additional paid-in capital?
10. At December 31, 2015, the records of Kosme Corporation provided the following: (see attached image for the given. please asnwer it. thank you so much!!) Direction:a. Give the number of shares authorized ___ issued ___b. Give the number of shares outstanding ___c. Give the amount of Additional-Paid-In capital. ___d. Give the earnings per share. ___ Round your answer to two decimal places.e. Amount of dividends paid during 2015. ___f Amount of treasury shares reported in the stockholders' equity ___g. Amount of free retained earnings on December 31. ___
I'm having trouble compiling the Shareholder's Equity Section of the balance sheet. Please help! The balance sheet of Consolidated Paper, Inc., included the following shareholders’ equity accounts at December 31, 2020: Paid-in capital: Preferred stock, 7.5%, 98,000 shares at $1 par $ 98,000 Common stock, 484,800 shares at $1 par 484,800 Paid-in capital—excess of par, preferred 1,595,000 Paid-in capital—excess of par, common 2,645,000 Retained earnings 9,745,000 Treasury stock, at cost; 4,800 common shares (52,800 ) Total shareholders' equity $ 14,515,000 During 2021, several events and transactions affected the retained earnings of Consolidated Paper. Required: 1. Prepare the appropriate entries for these events. On March 3, the board of directors declared a property dividend of 290,000 shares of Leasco International common stock that Consolidated Paper had purchased in January as an investment (book value: $552,000). The investment shares had a fair value of $2 per share and were…