None RWP10-2 (Static) Financial Analysis: American Eagle Outfitters, IncorporatedFinancial information for American Eagle is presented in Appendix A at the end of the book.Required:1. What is the par value per share for the common stock?2. How many common shares were issued at the end of the most recent year?3-a. Did the company have any treasury stock at the end of the most recent year?3-b. How many shares of treasury stock did the company have at the end of the most recent year?4. How much did the company pay in cash dividends in the most recent year? (Hint: Look in the statement of stockholders' equity inthe retained earnings column.)Complete this question by entering your answers in the tabs below.Req 1Req 2Req 3AReq 3BReq 4What is the par value per share for the common stock?Par value per share< Req 1Req 2 >

To find the answers to these questions, you'll need to refer to the financial statements of American…

Answered: RWP10-2 (Static) Financial Analysis:…

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter8: Liabilities And Stockholders' Equity

Section: Chapter Questions

Problem 8.23E

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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.
E11-3 During its first year of operations, Foyle Corporation had the following transactions pertaining to its common stock. Jan. 10 Issued 70,000 shares for cash at $5 per share. July 1 Issued 40,000 shares for cash at $7 per share. Instructions (a) Journalize the transactions, assuming that the common stock has a par value of $5 per share. (b) Journalize the transactions, assuming that the common stock is no-par with a stated value of $1 per share.
GL1302 - Based on Problem 13-4A Atticus Group LO C3, P2, P3 The equity sections for Atticus Group at the beginning of the year (January 1) and end of the year (December 31) follow. Stockholders’ Equity January 1 Common stock—$4 par value, 100,000 sharesauthorized, 40,000 shares issued and outstanding $ 160,000 Paid-in capital in excess of par value, common stock 120,000 Retained earnings 320,000 Total stockholders’ equity $ 600,000 Stockholders’ Equity (December 31) Common stock—$4 par value, 100,000 sharesauthorized, 47,400 shares issued, 3,000 shares in treasury $ 189,600 Paid-in capital in excess of par value, common stock 179,200 Retained earnings ($30,000 restricted by treasury stock) 400,000 768,800 Less cost of treasury stock (30,000 ) Total stockholders’ equity $ 738,800 The following transactions and events affected its equity during the year. Jan. 5 Declared a $0.50 per share cash…
CP11-2 (Static) Finding Financial Information LO11-1, LO11-3, LO11-4, LO11-7 Refer to the financial statements and footnotes of Express given in Appendix C. Required: 1. At the end of the most recent fiscal year, how many shares of common stock are authorized? How many shares are issued? How many shares are outstanding? (Enter your answer in thousands not in whole dollars.) 2. Did the company pay dividends during the most recent fiscal year? If so, how much per share? (Round your answer to 2 decimal places.) 3. Does the company report treasury stock at the end of the most recent fiscal year? If so, what dollar amount does it report? (Enter your answer in thousands not in whole dollars.) 4. Did the company repurchase any shares of its common stock for tax withholding obligations during the most recent fiscal year? (Enter your answer in thousands not in whole dollars.) 5. What is the par value of Express’s common stock? (Round your answer to 2 decimal places.) 1 Authorized common…
E15-1 (LO1) Recording the Issuances of Common Stock During its first year of operations, Collin Raye Corporation had the following transactions pertaining to its common stock. Date No. of Shares Issued Issued for Amount Jan. 10 80,000 Cash $ 6.00 per share Mar. 1 5,000 To attorneys in payment of a bill for services rendered in helping the company to incorporate 35,000 in total Jul. 1 30,000 Cash 8.00 per share Sept. 1 60,000 Cash 10.00 per share Instructions: (a) Prepare the journal entries for these transactions, assuming that the common stock has a par value of $5 per share.
The following information was taken from the financial statements of Zeil Inc. for December 31 of the current fiscal year: Common stock, $15 par value (no change during the year) $2,700,000 Preferred $4 stock, $100 par (no change during the year) 2,000,000 The net income was $656,000 and the declared dividends on the common stock were $45,000 for the current year. The market price of the common stock is $24.00 per share. For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the dividend yield. If required, round your answers to two decimal places. a. Earnings per Share $fill in the blank 1 b. Price-Earnings Ratio fill in the blank 2 c. Dividends per Share $fill in the blank 3 d. Dividend Yield fill in the blank 4
The Horner Corporation has the following balance in their common shares account at January 1st 20x8: Common Shares, ? shares outstanding $14080832 The following is the journal entry recorded after reacquiring 21387 shares during the year for $336009 Common Shares $336009 Cash $336009 What was the number of common shares Horner Corporation has outstanding at January 1st 20x8? Select one: a. 14102219 b. 896246 c. 14080832 d. 658
E11-11 The stockholders’ equity section of Haley Corporation at December 31 is as follows. HALEY CORPORATION Balance Sheet (partial) Paid-in capital Preferred stock, cumulative, 10,000 shares authorized, 6,000 shares issued and outstanding $ 300,000 Common stock, no par, 750,000 shares authorized, 600,000 shares issued 1,200,000 Total paid-in capital 1,500,000 Retained earnings 1,858,000 Total paid-in capital and retained earnings 3,358,000 Less: Treasury stock (10,000 common shares) 64,000 Total stockholders’ equity $3,294,000 Instructions From a review of the stockholders’ equity section, as chief accountant, write a memo to the president of the company answering the following questions. (a) How many shares of common stock are outstanding? (b) Assuming there is a stated value, what is the stated value of the common stock? (c) What is the par value of the preferred stock? (d) If the annual dividend on preferred stock is $30,000, what is the dividend rate on preferred stock? (e) If…
The stockholders' equity section of Fica Company's balance sheet shows the following: 6% noncumulative preferred stock - P10,000 10% cumulative preferred stock - P10,000 Common stock @P10 par - P33,000 Retained earnings - P12,500 Treasury stock at cost - P(6,000) Total stockholders' equity - P49,500 Additional information: •The 10% noncumulative preferred stock, P100 par P10,000 •At the end of the period, the company has 100 shares of preferred stock outstanding, 3,300 shares of common stock issued, and 300 common treasury shares. •Dividends are in arrears for two years. Question: What is the amount of preferred stock book value per share?
The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $10 par value (no change during the year) $3,100,000 Preferred $10 stock, $100 par (no change during the year) $4,000,000 The net income was $1,206,000 and the declared dividends on the common stock were $77,500 for the current year. The market price of the common stock is $20.80 per share. For the common stock, determine (a) the earnings per share
The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $45 par value (no change during the year) $6,300,000 Preferred $10 stock, $200 par (no change during the year) 4,000,000 The net income was $648,000 and the declared dividends on the common stock were $35,000 for the current year. The market price of the common stock is $22.40 per share. For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the dividend yield. If required, round your answers to two decimal places. a. Earnings per Share $fill in the blank 1 b. Price-Earnings Ratio fill in the blank 2 c. Dividends per Share $fill in the blank 3 d. Dividend Yield fill in the blank 4 %
The following information was taken from the financial statements of Tolbert Inc. for December 31 of the current fiscal year: Common stock, $20 par (no change during the year) $10,000,000 Preferred $4 stock, $40 par (no change during the year) 2,500,000 The net income was $1,750,000 and the declared dividends on the common stock were $1,125,000 for the current year. The market price of the common stock is $45 per share. For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the dividend yield. Round to one decimal place, except for dollar amounts which should be rounded to two decimal places. a. Earnings per Share $fill in the blank 1 b. Price-Earnings Ratio fill in the blank 2 c. Dividends per Share $fill in the blank 3 d. Dividend Yield fill in the blank 4 %

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