Don't give answer in image format Required information[The following information applies to the questions displayed below.)The charter of Vista West Corporation specifies that it is authorized to issue 214,000 shares of common stock. Since thecompany was incorporated, it has sold a total of 148,000 shares (at $16 per share) to the public. It has bought back a totalof 17,000. The par value of the stock is $4. When the stock was bought back from the public, the market price was $25.2. Determine the issued shares.issued shares

The treasury stock includes the own shares of the company purchased from the shareholders. The…

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Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter14: Corporation Accounting

Section: Chapter Questions

Problem 4PB: MacKenzie Mining Corporation is authorized to issue 50,000 shares of $500 par value 7% preferred...

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EllaJane Corporation was organized several years ago and was authorized to issue 4,000,000 shares of $50 par value 6% preferred stock. It is also authorized to issue 1,750,000 shares of $1 par value common stock. In its fifth year, the corporation has the following transactions: Journalize the transactions.
Paydirt Limestone, Incorporated was organized several years ago and was authorized to issue 3,000,000 shares of $40 par value 9% preferred stock. It is also authorized to issue 3,750,000 shares of $2 par value common stock. In its fifth year, the corporation has the following transactions: Journalize the transactions.
Wingra Corporation was organized in March. It is authorized to issue 500,000 shares of $100 par value 8% preferred stock. It is also authorized to issue 750,000 shares of $1 par value common stock. In its first year, the corporation has the following transactions: Journalize the transactions.
MacKenzie Mining Corporation is authorized to issue 50,000 shares of $500 par value 7% preferred stock. It is also authorized to issue 5,000,000 shares of $3 par value common stock. In its first year, the corporation has the following transactions: Journalize the transactions.
[The following information applies to the questions displayed below.] The charter of Vista West Corporation specifies that it is authorized to issue 217,000 shares of common stock. Since the company was incorporated, it has sold a total of 150,000 shares (at $16 per share) to the public. It has bought back a total of 16,000. The par value of the stock is $6. When the stock was bought back from the public, the market price was $20.
[The following information applies to the questions displayed below.] The charter of Vista West Corporation specifies that it is authorized to issue 217,000 shares of common stock. Since the company was incorporated, it has sold a total of 150,000 shares (at $16 per share) to the public. It has bought back a total of 16,000. The par value of the stock is $6. When the stock was bought back from the public, the market price was $20. 2. Determine the issued shares. Issued shares
The charter of Vista West Corporation specifies that it is authorized to issue 204, 000 shares of common stock. Since the company was incorporated, it has sold a total of 146, 000 shares (at $16 per share) to the public. It has bought back a total of 15,000. The par value of the stock is $4. When the stock was bought back from the public, the market price was $25. 3. Determine the outstanding shares.
The corporate charter of Carla Vista Corporation allows the issuance of a maximum of 30,800,000 shares of $1 par value common stock. During its first three years of operation, Carla issued 2,450,000 shares at $16 per share. It later acquired 32,000 of these shares as treasury stock for $28 per share.Based on the above information, answer the following questions: What is the balance of the Common Stock account? Balance of the Common Stock account $enter the balance of the common stock account in dollars
2) The corporate charter of Martin Corporation allows the issuance of a maximum of 4,000,000 shares of $1 par value common stock. During its first three years of operation, Martin issued 3,200,000 shares at $15 per share. It later acquired 30,000 of these shares as treasury stock for $25 per share. Instructions Based on this information, answer the following questions: (a) How many shares were authorized? _______________________ (b) How many shares were issued? __________________________ (c) How many shares are outstanding?________________________ (d) What is the balance of the Common Stock account? ______________________ (e) What is the balance of the Treasury Stock account? ______________________ 3) 3) The following information is available for Evans Corporation: 2021 2020 Average common stockholders' equity…
The corporate charter of Benjo Corporation allows the issuance of a maximum of 2,500,000 shares of P1 par value common stock. During its first three years of operation, Benjo issued 1,500,000 shares at P15 per share. It later acquired 30,000 of these shares as treasury stock for P25 per share. 1. How many shares were authorized? 2. How many shares were issued? 3. How many shares are outstanding? 4. What is the balance of the Common Stock account? 5. What is the balance of the Treasury Stock account?
Roses Corporation is authorized to issue 500,000 shares of Ordinary Share Capital, P100 par value. To comply with the required subscription of the Securities and Exchange Commission. a. How many shares must be subscribed at the time of incorporation? b. Using data in number 1, assuming the minimum required subscription was received at P110, how much subscription must be paid up?
Answer the following questions: (show the details) 6,000 shares of its $15 par value preferred stock having a fair value of $20 per share for a lump sum of $230,000. International Co. issues 4,000 shares of its $5 par value common stock having a fair value of $25 per share and JEa) What amount of the proceeds should be allocated to the common stock and preferred stock (5b) What is the journal enter to record the transaction?

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