The following table presents the long-term liabilities and stockholders' equity of Information Control Corporation from one year ago: Long-term debt $ 65,200,000 Preferred stock 4,020,000 Common stock ($1 par value) 15,200,000 Accumulated retained earnings 135,200,000 Capital surplus 45,200,000 During the past year, the company issued 10.2 million shares of new stock at a total price of $58.4 million, and issued $35.2 million in new long-term debt. The company generated $9.4 million in net income and paid $2.2 million in dividends. Construct the current balance sheet reflecting the changes that occurred at the company during the year. (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e.g., 1,234, 567.)

The following table presents the long-term liabilities and stockholders' equity of Information Control Corporation from one year ago: Long-term debt $ 65,200,000 Preferred stock 4,020,000 Common stock ($1 par value) 15,200,000 Accumulated retained earnings 135,200,000 Capital surplus 45,200,000 During the past year, the company issued 10.2 million shares of new stock at a total price of $58.4 million, and issued $35.2 million in new long-term debt. The company generated $9.4 million in net income and paid $2.2 million in dividends. Construct the current balance sheet reflecting the changes that occurred at the company during the year. (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e.g., 1,234, 567.)

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

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 12RE: Given the following year-end information, compute Greenwood Corporations basic and diluted earnings...

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W The following table presents the long-term liabilities and stockholders' equity of Information Control Corporation from one year ago: Long-term debt Preferred stock Common stock ($1 par value) Accumulated retained earnings Capital surplus During the past year, the company issued 11.3 million shares of new stock at a total price of $60.6 million, and issued $36.3 million in new long-term debt. The company generated $11.6 million in net income and paid $3.3 million in dividends. Construct the current balance sheet reflecting the changes that occurred at the company during the year. (Do not round intermediate calculations and enter your answers in dollars, not millions of dollars, e.g., 1,234,567.) Information Control Corporation Balance Sheet Total long-term debt $66,300,000 4,130,000 16,300,000 136,300,000 46,300,000 Shareholders' equity Total equity Total liabilities & equity
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The balance sheet for Seuss Company at the end of the current fiscal year indicated the following: Bonds payable, 10% (20-year term) $5,000,000 Preferred 10% stock, $100 par 1,000,000 Common stock, $10 par 2,000,000 Income before income tax was $1,500,000, and income taxes were $200,000 for the current year. Cash dividends paid on common stock during the current year totaled $150,000. The common stock sells for $75 per share at the end of the year. Required: Determine each of the following: Round to one decimal place except earnings per share and dividends per share, which should be rounded to two decimal places. a. Times interest earned times b. Earnings per share on common stock c. Price-earnings ratio d. Dividends per share of common stock e. Dividend yield %