The following data were reported by a corporation: 26,000 21,000 6,500 Authorized shares Issued shares Treasury shares The number of outstanding shares is: Multiple Choice 26,000.
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- Authorized stock represents the: number of shares that are currently held by stockholders. number of shares that have been sold. number of shares that have been repurchased by the corporation. maximum number of shares that can be issued.Parsons, Inc., is a publicly owned company. The following information is excerpted from a recentbalance sheet. Dollar amounts (except for per share amounts) are stated in thousands.Stockholders’ equity:Convertible $17.20 preferred stock, $250 parvalue, 1,000,000 shares authorized; 345,000 sharesissued and outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 86,250Common stock, par value $0.50; 25,000,000 sharesauthorized . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,819Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87,260Retained earnings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57,263Total stockholders’ equity. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $237,592InstructionsFrom this information, answer the…NEED ASAP. Solve correctly and show your computations. The Corporation shareholders’ equity section of the Statement of Financial Position includes the following accounts and balances: Ordinary Share Capital, P100 par, 5,000 shares issued P500,000 Ordinary Share Premium 50,000 Retained earnings 750,000 Assuming a major shareholder donated 5,000 shares when the market value of the share capital was P140 per share, and was recorded as a debit to Treasury Shares and credit to Donated Capital. How much was the increase (decrease) in the total Additional Paid In Capital? Put a parenthesis if your answer is decrease.
- Parsons, Inc., is a publicly owned company. The following information is excerpted from a recent balance sheet. Dollar amounts (except for per share amounts) are stated in thousands. Stockholders’ equity:Convertible $17.20 preferred stock, $250 par value, 1,000,000 shares authorized; 345,000 shares issued and outstanding . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 86,250Common stock, par value $0.50; 25,000,000 shares authorized . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 6,819Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 87,260Retained earnings. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 57,263 Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $237,592 Instructions From this information,…ity Company wish to declare a dividend whereby ordinary shareholders are to receive a total per share dividend of P6. The entity provided the following shareholders’ equity at year-end: Preference share capital, P100 par, 9% participating up to 12%, noncumulative,100,000 shares authorized, 30,000 shares issued 3,000,000 Ordinary share capital, P25 par, 200,000 shares authorized and issued 5,000,000 Share premium 1,050,000 Retained earnings 4,300,000What is the total amount of the dividend that must be declared to meet the per share goal of the board of directors?The shareholders’ equity section of Corporation’s statement of financial position as of December 31, 2019 is shown below:Ordinary share capital (P5 par, 250,000 shares authorized,137,500 shares issued and outstanding) P 687,500Share premium 275,000 Total paid-in capital P 962,500Unappropriated retained earnings 667,500Appropriated retained earnings 250,000Total retained earnings 917,500Total shareholders’ equity P1,880,000Buenas had the following shareholders’ equity transactions during 2020:Jan 15 Completed the building renovation for which P250,000 of retained earnings had been restricted. Paid the contractor P242,500, all of which is capitalized.Mar 3 Issued 50,000 additional ordinary shares for P8 per share.May 18 Declared a dividend of P1.50 per share to be paid on July 31, 2020 to shareholders of record on June 30, 2020.June 19 Approved additional building renovation to be funded internally. The estimated cost of the project is P200,000 and retained earnings are to be restricted…
- Toasty Corporation is a publicly owned company. The following information is taken from a recentbalance sheet. Dollar amounts (except for per-share amounts) are stated in thousands.Stockholders’ equity:Convertible $10 preferred stock, no parvalue, 1,000,000 shares authorized, 250,000 sharesissued and outstanding, $200 per share liquidationpreference . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ 50,000Common stock, $3 par value, 40,000,000 sharesauthorized . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 9,600Additional paid-in capital . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 76,800Retained earnings . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 50,600Total stockholders’ equity . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .…5. Harvey Corporation shows the following in the shareholders' equity section of its statement of financial position: The stated value of its common shares is $0.25 and the total balance in the common shares account is $50,000. Also noted is that 15,000 shares are currently designated as being repurchased but not yet cancelled. The number of shares outstanding is a.215,000. b.200,000. c.196,250. d.185,000.he following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity 12/31/2024 12/31/2023 Common stock, $5 par; 38 million shares authorized; 33 million shares issued and 29 million shares outstanding at 12/31/2024; and _____________blank million shares issued and _____________blank shares outstanding at 12/31/2023. $ 165 million $ 145 million Additional paid-in capital on common stock 525 million 402 million Retained earnings 190 million 162 million Treasury common stock, at cost, 4 million shares at 12/31/2024 and 2 million shares at 12/31/2023 (65 million) (43 million) Total shareholders’ equity $ 815 million $ 666 million What was the average price (rounded to the nearest dollar) of the additional shares issued by Levi in 2024?
- A corporation has the following account balances: Common Stock, $1 par value, $60000; Paid-in Capital in Excess of Par Value, $2510000. Based on this information, the average price per share issued is $4.28. legal capital is $2570000. number of shares outstanding is 2570000. number of shares issued is 60000.Asuoba Plc has issued 500,000 equity shares at GHc5.80 per share.All shares were subscribed and paid for. As indicated in theprospectus of the company, the subscribed shares are to be paid asfollows: GHc2.30 on application, GHc1.10 on allotment, GHc 0.70 onfirst call, GHc0.90 on second call, GHc0.50 on third call and Ghc0.30on final call.Requiredi. Pass the journal entries for the above transactionsii. Prepare the relevant ledgersThe following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity 12/31/2024 12/31/2023 Common stock, $5 par; 23 million shares authorized; 18 million shares issued and 15 million shares outstanding at 12/31/2024; and _____________blank million shares issued and _____________blank shares outstanding at 12/31/2023. $ 90 million $ 75 million Additional paid-in capital on common stock 523 million 395 million Retained earnings 200 million 160 million Treasury common stock, at cost, 3 million shares at 12/31/2024 and 1 million shares at 12/31/2023 (75 million) (53 million) Total shareholders’ equity $ 738 million $ 577 million How many of Levi's common shares were outstanding on 12/31/2023?