1.
Identify the number of
2.
Identify the number of preferred shares were authorized and issues at the end of 2012 and identify the par value per share.
3.
Identify the term the company used for its additional paid in capital and state the amount at the end of 2012.
4.
Identify the number of
5.
Identify the number of shares that company reacquire in 2012 and state the average cost per share.
6.
Describe the Company’s 2008 equity plan. Identify the weighted average fair value of the share options the company granted in 2012. State the stock based compensation of company for 2012 and where it was reported. Identify the number of share options were granted and exercised in 2012, and identify the number of outstanding options at the end of 2012. State the weighted average price per share were the options exercised in 2012.
Want to see the full answer?
Check out a sample textbook solutionChapter 15 Solutions
INTERMEDIATE ACCOUNTING(LL) W/CENGAGENO
- Use the internet to find a publicly-held companys annual report. Locate the section that comments on the Stockholders Equity section of the financial reports. What additional insights are you able to learn by looking further into the commentary? Is there anything that surprised you or that you think is missing and could help you if you were deciding whether to invest $100,000 of your savings in this companys stock?arrow_forwardStockholders' Equity Terminology A list of terms and a list of definitions or examples are presented below. Make a list of the numbers 1 through 12 and match the letter of the most directly related definition or example with each number Definitions and Examples Capitalizes retained earnings. Shares issued minus treasury shares. Emerson Electric will pay a dividend to all persons holding shares of its common stock on December 15, 2019, even if they just bought the shares and sell them a few days later. The accumulated earnings over the entire life of the corporation that have not been paid out in dividends. Common Stock account balance divided by the number of shares issued. The state of Louisiana set an upper limit of 1,000,000 on the number of shares that Gumps Catch Inc. can issue. Shares that never earn dividends. Any changes to stockholders equity from transactions with no owners. A right to purchase stock at a specified future time and specified price. j. A stock issue that requires no journal entry. k. Shares that may earn guaranteed dividends. 1. On October 15, 2019, General Electric announced its intention to pay a dividend on common stock.arrow_forwardQuestion 1:The stockholders’ meeting for Strauder Corporation has been in progress for some time. The chief financial officer forStrauder is presently reviewing the company’s financial statements and is explaining the items that comprise thestockholders’ equity section of the balance sheet for the current year. stockholders’ equity section of StrauderThe corporation on December 31, 2010, is as follows. STRAUDER CORPORATIONBalance Sheet (partial)December 31, 2010 Paid-in capitalCapital stockPreferred stock, authorized 1,000,000 sharescumulative, $100 par value, $8 per share, 6,000shares issued and outstanding 600,000Common stock, authorized 5,000,000 shares, $1 parvalue, 3,000,000 shares issued, and 2,700,000outstanding 3,000,000Total capital stock 3,600,000Additional paid-in capitalIn excess of par value—preferred stock 50,000In excess of par value—common stock…arrow_forward
- 1. Refer to additional information (b) only Prepare the following general ledger accounts for the year ended 31 July 2022: •Bank •Application and allotment •Share Capital- Class A •Non Current Liability- Class C 2. Refer to additional information (c) Calculate the number of Class B shares in issue at the beginning of the financial year. 3. Refer to additional information (d) Prepare the dividends and shareholders for dividends accounts as it would appear in the general ledger for the year ended 31 July 2022arrow_forwardRequired 1. Explain the transaction(s) underlying each journal entry (a) through (d). 2. How many shares of common stock are outstanding at year-end? 3. What is the total paid-in capital at year-end? 4. What is the book value per share of the common stock at year-end if total paid-in capital plus retained earnings equals $695,000?arrow_forwardCurrent Attempt in Progress The stockholders' equity section of Apple Inc.'s balance sheet is shown in the Consolidated Statement of Financial Position in Appendix A. The complete annual report, including the notes to its financial statements, is available at the company's website. Click here to view Appendix A. Answer the following questions. (a) What is the par or stated value per share of Apple's common stock? (Round answer to 5 decimal places, e.g. 1.25310.) Par or stated value per share 0.00001 (b) What percentage of Apple's authorized common stock was issued at September 26, 2020? (Round answer to O decimal places, e.g. 17%.) Percentage of common stock issued (c) 34 % How many shares of common stock were outstanding at September 28, 2019, and at September 26, 2020? (Enter answers in thousands.)arrow_forward
- P13-54 Journalizing stock issuances, cash dividends, and stock dividends; preparing stockholders' equity section of balance sheet This problem continues the Canyon Canoe Company situation from Chapter 12. After looking into debt financing through notes, mortgage, and bonds payable, Canyon Canoe Company decides to raise additional capital for the planned business expansion. The company will be able to acquire cash as well as land adjacent to its current business location. Before the following transactions, the balance in Common Stock on January 1, 2021, was $136,000 and included 136,000 shares of common stock issued and outstanding. (There was no Paid-In Capital in Excess of Par-Common.) Canyon Canoe Company had the following transactions in 2021: Jan. 1 Issued 50,000 shares of $1 par value common stock for a total of $200,000. 10 Issued 20,000 shares of 4%, $3 par value preferred stock in exchange for land with a market value of $70,000. Dec. 15 Declared total cash dividends of…arrow_forwardWeinstein's Nordic Italian Cuisine, Inc. The stockholders' equity accounts of Weinstein's Nordic Italian Cuisine, Inc. balances as of December 31, 2023: Required: Prepare the appropriate journal entry for each of the following transactions: a b PCPE d e f g Common stock, $2 par Paid in capital in excess of par Retained earnings h 15-Jan-24 14-Feb-24 9-May-24 20-Jun-24 31-Oct-24 12-Nov-24 20-Nov-24 WNIC declares a 2% stock dividend Shares of WNIC are currently selling on the NYSE at $10. Stock dividend distribution date, FMV of stock = $10.50 WNIC declares a $.25 per share cash dividend Cash dividend payment date WNIC declares a 40% stock dividend 1,680,672 375,000 3,500,000 Shares of WNIC are currently selling on the NYSE at $11. Stock dividend distribution date, FMV of stock = $11.25 WNIC declares a property dividend providing that each holder of 50 shares of common stock will receive a frozen eggplant dinner with a fair value of $8.50/dinner. The dinners are currently carried in in…arrow_forwardCalculating the Average Common Stockholders’ Equity andthe Return on Stockholders’ EquityRefer to the information for Somerville Company on the previous pages.Required:Note: Round answers to four decimal places.1. Calculate the average common stockholders’ equity.2. Calculate the return on stockholders’ equityarrow_forward
- Case 1.b In 2022, the following are the equity transactions and the corresponding journal entries made. 1. On April 12, 2022, it was noted that Shipyard, Inc. purchased 4,000 its own common stock at $25 per share Apr 15 Treasury Shares Retained Earnings 2. On Jun 15, the company sold 2,500 shares for $30 per share. Apr 12 Cash Treasury Shares The table shows the equity balances as of December 31, 2022 2022 beginning Balance Common Stock acquisition Sold Treasury Stock Ending Balance Common Stock 1,130,000 1,130,000 Paid-in Common stock dividend distributable 120,000 capital in excess of par 300,000 300,000 Treasury Shares 0 -75,000 50,000 120,000 -25,000 100,000 75,000 Retained Earnings 850,000 75,000 925,000 100,000 75,000 Total 2,400,000 0 50,000 2,450,000 Requirement. (b) Evaluate whether the journal entries dated April 15, 2022 and June 12, 2022 are recorded in accordance with the recognition and measurement principles of treasury shares. (bl) If the journal entries are wrong, what…arrow_forwardThe treasury stock in Discussion Question 7 is resold for $3,750,000.a. What is the effect on the corporation’s revenue of the period?b. What is the effect on stockholders’ equity?arrow_forward
- Intermediate Accounting: Reporting And AnalysisAccountingISBN:9781337788281Author:James M. Wahlen, Jefferson P. Jones, Donald PagachPublisher:Cengage LearningCornerstones of Financial AccountingAccountingISBN:9781337690881Author:Jay Rich, Jeff JonesPublisher:Cengage Learning
- Century 21 Accounting Multicolumn JournalAccountingISBN:9781337679503Author:GilbertsonPublisher:CengageManagerial Accounting: The Cornerstone of Busines...AccountingISBN:9781337115773Author:Maryanne M. Mowen, Don R. Hansen, Dan L. HeitgerPublisher:Cengage LearningFinancial Reporting, Financial Statement Analysis...FinanceISBN:9781285190907Author:James M. Wahlen, Stephen P. Baginski, Mark BradshawPublisher:Cengage Learning