FINANCIAL+MANAG.ACCT.-CONNECT ACCESS
9th Edition
ISBN: 9781264098668
Author: Wild
Publisher: MCG
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Question
Chapter 11, Problem 9E
(1)
To determine
Concept Introduction:
Stockholders’ equity: Stockholders' equity includes the assets that remain with a company after all liabilities have been paid. To determine the value of
To prepare: The stockholder’s equity section.
(2)
To determine
Concept Introduction:
Shares outstanding: The stock that all of a company's shareholders now own is referred to as shares outstanding. The number of shares outstanding for a corporation is not constant and can change frequently over time.
The number of shares outstanding after the split.
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7. Use the information in Exercise 6, but assume instead that a 20% stock dividend was declared. Answer the same requirements.
(see attached images especially for the information in Exercise 6 in the uploaded images. Please answer it. thank you so much)
a) Prepare the required entries for the declaration and distribution.
b) Prepare the shareholders’ equity section immediately after the stock dividend was declared.
Required:
Determine the following items based on Eldon's balance sheet. Round all calculations except per-share amounts to the nearest whole number; round per-share amounts to the nearest cent.
4. The par value of the common stock
$? per share
7. The total stockholders' equity
$?
8. The per-share book value of the common stock assuming that there are no dividends in arrears and that the preferred stock can be redeemed at its par value
$? per share
Required:
Determine the following items based on Eldon's balance sheet. Round all calculations except per-share amounts to the nearest whole number; round per-share amounts to the nearest cent.
1. The number of shares of preferred stock issued
? shares
2. The number of shares of preferred stock outstanding
? shares
3. The average per-share sales price of the preferred stock when issued
$? per share
4. The par value of the common stock
$? per share
Chapter 11 Solutions
FINANCIAL+MANAG.ACCT.-CONNECT ACCESS
Ch. 11 - Prob. 1QSCh. 11 - Prob. 2QSCh. 11 - Prob. 3QSCh. 11 - Prob. 4QSCh. 11 - Prob. 5QSCh. 11 - Prob. 6QSCh. 11 - Prob. 7QSCh. 11 - Prob. 8QSCh. 11 - Prob. 9QSCh. 11 - Prob. 10QS
Ch. 11 - Prob. 11QSCh. 11 - Prob. 12QSCh. 11 - Prob. 13QSCh. 11 - Prob. 14QSCh. 11 - Prob. 15QSCh. 11 - Prob. 16QSCh. 11 - Prob. 17QSCh. 11 - Prob. 18QSCh. 11 - Prob. 19QSCh. 11 - Prob. 20QSCh. 11 - Prob. 21QSCh. 11 - Prob. 22QSCh. 11 - QS 11-15 Basic earnings per share A1
Epic company...Ch. 11 - Prob. 24QSCh. 11 - Prob. 25QSCh. 11 - Prob. 1ECh. 11 - Prob. 2ECh. 11 - Prob. 3ECh. 11 - Prob. 4ECh. 11 - Prob. 5ECh. 11 - Prob. 6ECh. 11 - Prob. 7ECh. 11 - Prob. 8ECh. 11 - Prob. 9ECh. 11 - Prob. 10ECh. 11 - Prob. 11ECh. 11 - Prob. 12ECh. 11 - Prob. 13ECh. 11 - Prob. 14ECh. 11 - Prob. 15ECh. 11 - Prob. 16ECh. 11 - Prob. 17ECh. 11 - Prob. 18ECh. 11 - Prob. 19ECh. 11 - Prob. 20ECh. 11 - Prob. 21ECh. 11 - Prob. 22ECh. 11 - Prob. 23ECh. 11 - Prob. 24ECh. 11 - Prob. 1PSACh. 11 - Prob. 2PSACh. 11 - Prob. 3PSACh. 11 - Prob. 4PSACh. 11 - Prob. 1PSBCh. 11 - Prob. 2PSBCh. 11 - Prob. 3PSBCh. 11 - Prob. 4PSBCh. 11 - Prob. 5PSBCh. 11 - Prob. 11SPCh. 11 - Prob. 1.1AACh. 11 - Prob. 1.2AACh. 11 - Prob. 1.3AACh. 11 - Prob. 1.4AACh. 11 - Prob. 1.5AACh. 11 - Prob. 2.1AACh. 11 - Prob. 2.2AACh. 11 - Prob. 2.3AACh. 11 - Prob. 2.4AACh. 11 - Prob. 3.1AACh. 11 - Prob. 3.2AACh. 11 - Prob. 1DQCh. 11 - Prob. 2DQCh. 11 - Prob. 3DQCh. 11 - Prob. 4DQCh. 11 - Prob. 5DQCh. 11 - List the general rights of common stockholders.Ch. 11 - Prob. 7DQCh. 11 - Prob. 8DQCh. 11 - Prob. 9DQCh. 11 - Prob. 10DQCh. 11 - Prob. 11DQCh. 11 - Prob. 12DQCh. 11 - Prob. 1BTNCh. 11 - Prob. 2BTNCh. 11 - Prob. 3BTNCh. 11 - Prob. 5BTN
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Similar questions
- 7. Use the information in Exercise 6, but assume instead that a 20% stock dividend was declared. Answer the same requirements. (see attached images especially for the information in Exercise 6 in the uploaded images. Please answer it based on your knowledge. thank you so much!) b) Prepare the shareholders’ equity section immediately after the stock dividend was declared.arrow_forwardStockton Mineral Operation, Incorporated (SMO), currently has 515,000 shares of stock outstanding that sell for $40 per share. Assuming no market imperfections or tax effects exist, what will the share price be after: a. SMO has a five-for-three stock split? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) b. SMO has a 15 percent stock dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) c. SMO has a 44.5 percent stock dividend? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) d. SMO has a 2-for-7 reverse stock split? (Do not round intermediate calculations and round your answer to 2 decimal places, e.g., 32.16.) a. New share price b. New share price c. New share price d. New share pricearrow_forward7. Use the information in Exercise 6, but assume instead that a 20% stock dividend was declared. Answer the same requirements. (see attached images especially for the information in Exercise 6 in the uploaded images. Please answer it based on your knowledge. thank you so much!) NOTE: only letter C and D is the unanswered so please answer it thank you! a) Prepare the required entries to for the declaration and distribution. b) Prepare the shareholders’ equity section immediately after the stock dividend was declared. c) Compare with the accounts and figures given above and explain the effects of this stock dividend on the a) assets, b) liabilities, and c) shareholders' equity. d) Prepare again the shareholders' equity immediately after the stock dividend was distributed. Compare the accounts against no 1 above and explain the effects of this distribution on the a) assets, b) liabilities, and c) shareholders' equity.arrow_forward
- Indicate whether each of the following transactions increases (+), decreases (−), or has no effect (NE) on total assets, total liabilities, and total stockholders’ equity. The first transaction is completed as an example. Transaction TotalAssets TotalLiabilities TotalStockholders’ Equity Issue common stock + NE + Issue preferred stock Purchase treasury stock Resell treasury stockarrow_forwardPreferred dividends In each case in the following table,, how many dollars of preferred dividends per share must be paid to preferred stockholders before common stock dividends are paid? The amount of preferred dividends that must be paid in Case A before common dividends are paid is (Round to the nearest cent.) $ Data table (Click on the icon here in order to copy the contents of the data table below into a spreadsheet.) Case A B C D E Туре Cumulative Noncumulative Noncumulative Cumulative Cumulative Par value $70 $140 $90 $130 $110 Dividend per share per period $4.20 4.5% $3.60 2.5% 7.5% Periods of dividends passed 3 2504 -X -arrow_forwardQuestion-based on, I have tried it but can't get the correct answer. This is part 1 and 3 of the question. Part 2 was asking "Show the allocation of dividends to each class of stock, assuming the preferred stock dividend is 9% and cumulative."arrow_forward
- Effect of Stock Split a. What will be the number of shares outstanding after the split? shares b. If the common stock had a market price of $95 per share before the stock s plit, what would be an approximate market price per share after the split? per sharearrow_forward7. Use the information in Exercise 6, but assume instead that a 20% stock dividend was declared. Answer the same requirements. (see attached images especially for the information in Exercise 6 in the uploaded images. Please answer it. thank you so much) NOTE: Please answer letter a to barrow_forward7. Use the information in Exercise 6, but assume instead that a 20% stock dividend was declared. Answer the same requirements. (see attached images especially for the information in Exercise 6 in the uploaded images. Please answer it. thank you so much) NOTE: you can answer letter a to c or letter a to barrow_forward
- 7. Basic earnings per share will serve as a guide to investors as to the attractiveness of ordinary shares as an investment. TRUE FALSE 8. Book value per share is computed by dividing the net assets to the total number of shares outstanding. TRUE FALSE 9. Which of the following is entitled to dividends? Total outstanding liability Total authorized shares Total shares issued Total shares issued, net of treasury sharesarrow_forwardCash dividends are paid based on the number of shares Select one: to. authorized b. issued c. outstanding d. not issued (unissued)arrow_forwardFor each of the following statements regarding dividends, indicate whether it is true or false. (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) The date of payment reflects the date a cash dividend is paid to stockholders. ? A stock dividend Increases the number of outstanding shares. ? The account Pald-in Capital in Excess of Par Value is always credited when a large stock dividend is declared. ? A large stock dividend is a distribution of more than 25% of previously outstanding shares.arrow_forward
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