What would your explanation be for this journal entry? Common Stock $200,000 Retained Earnings 100,000 Income from Snoopy 75,000 Dividends Declared $20,000 Investment in Snoopy 355,000 Explain it.
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- If total assets are $20,000 and total liabilities are $12,000, the amount of stockholders’ equity is: A. $32,000. B. $(32,000). C. $(8000). D. $8,000.Prepare the stockholders equity section of the balance sheet based on the following account balances: Common stock, 2 par, 60,000 shares 120,000 Preferred stock, 10 par, 5%, 4,000 shares 40,000 Common stock subscribed, 2 par, 3,000 shares 6,000 Retained earnings 17,000 The answers to the Self-Study Test Questions are at the end of the chapter (pages 811812).On April 2, West Company declared a cash dividend of $0.50 per share. There are 50,000 shares outstanding. What is the journal entry that should be recorded?
- Twenty metrics of liquidity, solvency, and profitability The comparative financial statements of Automotive Solutions Inc. are as follows. The market price of Automotive Solutions Inc. common stock was $119.70 on December 31, 20Y8 Instructions Return on stockholders’ equityHow would I prepare this balance sheet? I've included the trial balance and below is the statement of stockholder equity: Common Stock Retained Earnings Total Beginning Balances, September 30 0 0 0 Issued Common Stock 30,000.00 30,000.00 Net Income 32281.67 32,281.67 Dividends (10,000.00) (10,000.00) Ending Balances, December 31: 30,000.00 22,281.67 52,281.67The following amounts are reported in the ledger of Mariah Company: Assets$80,000Liabilities36,000Retained Earnings12,000 What is the balance in the Common Stock account?a. $44,000.b. $32,000.c. $48,000.d. $42,000.
- . Prepare a statement of stockholders’ equity. Additional common stock of $75,000 was issued during the year ended May 31, 20Y2. Refer to the list of Labels and Amount Descriptions provided for the exact wording of the answer choices for text entries. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Clairemont Co. Statement of Stockholders’ Equity 1 Common Stock Retained Earnings Total 2 3 4 5 6A company reports the following: Net income $738,000Preferred dividends $42,000Shares of common stock outstanding 80,000Market price per share of common stock $77.43a. Determine the company's earnings per share on common stock. Round your answer to the nearest cent. Use the rounded answer of requirement a for subsequent requirement, if required.Extract of Balance sheet items as at 31 December 2019 Net loss (7250) Dividends income 1,000 Opening stock 27800 Accounts payable 18000 Accounts receivable 123000 Prepaid expense 25100 Rental revenue 5200 Drawings 1450 Interest Income 8540 Capital 137900 Retained earnings 22700 Calculate Owners Equity Select one: a. None of these b. 160600 OMR c. 153350 OMR d. 151900 OMR
- You have the following information about Trisha Company: total asset =P350,000; common stock equity = P175,000; Return on Equity (ROE) =12.5%. What is Trisha’s earnings available for common stockholders? A. P21,875B. P43,750C. P50,000D. P47,632Justice Corporation reported the following financial statements: LOADING... (Click the icon to view the financial statements.) The company has 2,900 shares of common stock outstanding and the market price is $25 per share. What is Justice's price/earnings ratio? (Round any intermeidary calculations and your final answer to two decimal places, X.XX.) A. 0.09 B. 8.80 C. 8.80 times D. $0.09 Click to select your answer. Financial Statements Justice Corporation Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets Current Assets: Cash and Cash Equivalents $2,150 $1,724 Accounts Receivable 1,966 1,772 Merchandise Inventory 1,348 1,104 Prepaid Expenses 1,638 2,055 Total Current Assets 7,102 6,655 Other Assets 17,335 16,268 Total Assets $24,437 $22,923 Liabilities Current Liabilities $7,383…Analyse the information given in the table below and answer the questions below:Details Company A Company BShare price R60 R90Number of ordinary shares issued 10 000 000 10 000 000Market capitalisation 600 000 000 900 000 000Annual earnings R90 000 000 R120 000 000Earnings per share A BPrice/ Earnings (P/ E) Ratio C DREQUIRED:Please note that all theoretical answers should be in your own words and not directly from yourtextbook or any other source. Remember to add a list of resources (correctly referencedaccording to the Harvard method) at the end of your assignment. Calculate the missing amounts for A ‐ D.Round off your answers to 2 decimal places.
