Shareholder’s equity: The shareholder’s equity is divided in to parts like – share capital, share premium and retained profits. These components can be defined as under – Share capital – This component of shareholder’s equity includes the common stock equity issued at par, i.e. the premium of shares is not included in the component. Share premium – This component of shareholder’s equity includes the share premium on common stock equity issued. Retained profits – This component of shareholder’s equity includes the retained earnings i.e. net income and dividends are included in the retained. Requirement 1 To Match: a. Paid-in capital in excess of par value b. Retained earnings c. Common stock, par value To be matched with – a. Share capital b. Share premium c. Retained profits account titles.

Question

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Answer 1

Question

Chapter 13, Problem 17E

To determine

Concept Introduction:

Shareholder’s equity: The shareholder’s equity is divided in to parts like – share capital, share premium and retained profits.

These components can be defined as under –

Share capital – This component of shareholder’s equity includes the common stock equity issued at par, i.e. the premium of shares is not included in the component.

Share premium – This component of shareholder’s equity includes the share premium on common stock equity issued.

Retained profits – This component of shareholder’s equity includes the retained earnings i.e. net income and dividends are included in the retained.

Requirement 1

To Match:

a. Paid-in capital in excess of par value

b. Retained earnings

c. Common stock, par value

To be matched with –

a. Share capital

b. Share premium

c. Retained profits account titles.

To determine

Requirement 2

To prepare:

Journal entry on December 31, 2014 for issue of capital stock.

To determine

Requirement 3

To determine:

Dividends for Unilever’s for 2015.

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Answer 2

Question

Chapter 13, Problem 17E

To determine

Concept Introduction:

Shareholder’s equity: The shareholder’s equity is divided in to parts like – share capital, share premium and retained profits.

These components can be defined as under –

Share capital – This component of shareholder’s equity includes the common stock equity issued at par, i.e. the premium of shares is not included in the component.

Share premium – This component of shareholder’s equity includes the share premium on common stock equity issued.

Retained profits – This component of shareholder’s equity includes the retained earnings i.e. net income and dividends are included in the retained.

Requirement 1

To Match:

a. Paid-in capital in excess of par value

b. Retained earnings

c. Common stock, par value

To be matched with –

a. Share capital

b. Share premium

c. Retained profits account titles.

To determine

Requirement 2

To prepare:

Journal entry on December 31, 2014 for issue of capital stock.

To determine

Requirement 3

To determine:

Dividends for Unilever’s for 2015.

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Answer 3

Question

Chapter 13, Problem 17E

To determine

Concept Introduction:

Shareholder’s equity: The shareholder’s equity is divided in to parts like – share capital, share premium and retained profits.

These components can be defined as under –

Share capital – This component of shareholder’s equity includes the common stock equity issued at par, i.e. the premium of shares is not included in the component.

Share premium – This component of shareholder’s equity includes the share premium on common stock equity issued.

Retained profits – This component of shareholder’s equity includes the retained earnings i.e. net income and dividends are included in the retained.

Requirement 1

To Match:

a. Paid-in capital in excess of par value

b. Retained earnings

c. Common stock, par value

To be matched with –

a. Share capital

b. Share premium

c. Retained profits account titles.

To determine

Requirement 2

To prepare:

Journal entry on December 31, 2014 for issue of capital stock.

To determine

Requirement 3

To determine:

Dividends for Unilever’s for 2015.

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Answer 4

Question

Chapter 13, Problem 17E

To determine

Concept Introduction:

Shareholder’s equity: The shareholder’s equity is divided in to parts like – share capital, share premium and retained profits.

These components can be defined as under –

Share capital – This component of shareholder’s equity includes the common stock equity issued at par, i.e. the premium of shares is not included in the component.

Share premium – This component of shareholder’s equity includes the share premium on common stock equity issued.

Retained profits – This component of shareholder’s equity includes the retained earnings i.e. net income and dividends are included in the retained.

Requirement 1

To Match:

a. Paid-in capital in excess of par value

b. Retained earnings

c. Common stock, par value

To be matched with –

a. Share capital

b. Share premium

c. Retained profits account titles.

To determine

Requirement 2

To prepare:

Journal entry on December 31, 2014 for issue of capital stock.

To determine

Requirement 3

To determine:

Dividends for Unilever’s for 2015.

Expert Solution & Answer

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Answer 5

Chapter 13, Problem 17E

To determine

Concept Introduction:

Shareholder’s equity: The shareholder’s equity is divided in to parts like – share capital, share premium and retained profits.

These components can be defined as under –

Share capital – This component of shareholder’s equity includes the common stock equity issued at par, i.e. the premium of shares is not included in the component.

Share premium – This component of shareholder’s equity includes the share premium on common stock equity issued.

Retained profits – This component of shareholder’s equity includes the retained earnings i.e. net income and dividends are included in the retained.

Requirement 1

To Match:

a. Paid-in capital in excess of par value

b. Retained earnings

c. Common stock, par value

To be matched with –

a. Share capital

b. Share premium

c. Retained profits account titles.

To determine

Requirement 2

To prepare:

Journal entry on December 31, 2014 for issue of capital stock.

To determine

Requirement 3

To determine:

Dividends for Unilever’s for 2015.

Answer 6

Chapter 13, Problem 17E

To determine

Concept Introduction:

Shareholder’s equity: The shareholder’s equity is divided in to parts like – share capital, share premium and retained profits.

These components can be defined as under –

Share capital – This component of shareholder’s equity includes the common stock equity issued at par, i.e. the premium of shares is not included in the component.

Share premium – This component of shareholder’s equity includes the share premium on common stock equity issued.

Retained profits – This component of shareholder’s equity includes the retained earnings i.e. net income and dividends are included in the retained.

Requirement 1

To Match:

a. Paid-in capital in excess of par value

b. Retained earnings

c. Common stock, par value

To be matched with –

a. Share capital

b. Share premium

c. Retained profits account titles.

Answer 7

Chapter 13, Problem 17E

To determine

Concept Introduction:

Shareholder’s equity: The shareholder’s equity is divided in to parts like – share capital, share premium and retained profits.

These components can be defined as under –

Share capital – This component of shareholder’s equity includes the common stock equity issued at par, i.e. the premium of shares is not included in the component.

Share premium – This component of shareholder’s equity includes the share premium on common stock equity issued.

Retained profits – This component of shareholder’s equity includes the retained earnings i.e. net income and dividends are included in the retained.

Requirement 1

To Match:

a. Paid-in capital in excess of par value

b. Retained earnings

c. Common stock, par value

To be matched with –

a. Share capital

b. Share premium

c. Retained profits account titles.

Answer 8

To determine

Requirement 2

To prepare:

Journal entry on December 31, 2014 for issue of capital stock.

Answer 9

To determine

Requirement 2

To prepare:

Journal entry on December 31, 2014 for issue of capital stock.

Answer 10

To determine

Requirement 3

To determine:

Dividends for Unilever’s for 2015.

Answer 11

To determine

Requirement 3

To determine:

Dividends for Unilever’s for 2015.

Answer 12

Expert Solution & Answer

Answer 13

Expert Solution & Answer

Answer 14

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Answer 15

Ch. 13 - Prob. 1DQ Ch. 13 - Prob. 2DQ Ch. 13 - Prob. 3DQ Ch. 13 - Prob. 4DQ Ch. 13 - Prob. 5DQ Ch. 13 - Prob. 6DQ Ch. 13 - Prob. 7DQ Ch. 13 - Prob. 8DQ Ch. 13 - Prob. 9DQ Ch. 13 - Prob. 10DQ

Requirement 2 To prepare: Journal entry on December 31, 2014 for issue of capital stock.

Requirement 3 To determine: Dividends for Unilever’s for 2015.

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Chapter 13 Solutions

Requirement 2

To prepare:

Journal entry on December 31, 2014 for issue of capital stock.

Requirement 3

To determine:

Dividends for Unilever’s for 2015.