Enscoe Enterprises, Inc. (EEI) has 220,000 shares authorized, 170,000 shares issued, and 30,000 shares of treasury stock. At this point, EEI has $1,250,000 of assets. $270,000 liabilities, $400,000 of common stock, and $580,000 of retained earnings. Further, assume that the market value of EEI's common stock is $9 per share. question: Determine the number of shares of stock that is outstanding.
Q: Rye Company has provided the following information: • Weighted average number of outstanding common…
A: Earnings per share (EPS): The amount of net income available to each shareholder per common share…
Q: a company currently has 200,000 shares issued and 190,000 shares outstanding. if the company…
A: Cost Accounting includes procedures such as gathering, recording, analyzing, summarizing,…
Q: James Company has 1,600 shares of $100 par preferred stock, which were issued at par. It also has…
A: Book value per share is the amount of shareholder's equity which is attributable to holder of common…
Q: A firm has $5,760,000 in its common stock account and $57,600,000 in its paid in capital account.…
A: Common stock consist of the par value of the share and paid-in capital is the excess amount on par…
Q: Lucky Corporation began the year with a simple capital structure consisting of $240,000 shares of…
A: Formula: Earnings per share = Net Income / outstanding Weighted average common shares Division of…
Q: Pearl Corporation has the following capital structure at the beginning of the year: 4% Preferred…
A: Stock holder Equity: It is an account on a company’s balance sheet which contain share capital and…
Q: Diaz Corporation, a distributor of exercise equipment, has the following outstanding shares: 18,000…
A: Dividend per share is computed by dividing the total dividends by the number of shares outstanding.
Q: Landers Nursery and Garden Stores has current assets of $220,000 and fixed assets of $170,000.…
A: While calculating book value (net worth) per share of a company we will deduct preferred stocks from…
Q: Netpass Company has 100,000 shares of common stock authorized, 90,000 shares issued, and 40,000…
A: No. of shares issued and outstanding = No. of common stock issued - treasury stock = 90000 shares -…
Q: Andam Corporation has outstanding 60,000 shares of 5% preference shares with a P50 par value and…
A: A total cash dividend of P 900,000 will be distributed among the preference shareholder and common…
Q: Enscoe Enterprises, Inc. (EEI) has 220,000 shares authorized, 170,000 shares issued, and 30,000…
A: Market Value of the stock depends on a lot of factors like then the brand image of the company,…
Q: Bonita Corporation earned $405,000 during a period when it had an average of 100,000 shares of…
A: Basic Earnings Per Share = Net Earnings / Average Number of Shares Diluted EPS = Net Earnings /…
Q: Bingo's Fishin Shack has assets of $300,000, current liabilities of $30,000, and long term…
A: Book value per share can be calculated by dividing the total common stock value by the number of…
Q: Netpass Company has 300,000 shares of common stock authorized, 270,000 shares issued, and100,000…
A: Outstanding shares = Issued shares - Treasury shares = 270,000…
Q: Enscoe Enterprises, Incorporated (EEl) has 240,000 shares authorized, 210,000 shares issued, and…
A: Shares outstanding=Shares issued-Shares reacquired Book value per share=(Common stock+Retained…
Q: Raedy Corporation reported the following equity section on its current balance sheet. The common…
A: Stock-spilt means an issue of new shares to the existing shareholders of the company. A 2 for 1…
Q: A company has 200,000 shares authorized,167,000 shares issued and 40,000 shares of treasury stock .…
A: The term "Outstanding shares" refers to each and every share of a corporation that has been…
Q: 1. Jets Corp. had 200,000 shares of common stock outstanding on January 1, issued 400,000 shares on…
A: Since you have asked multiple question, we will solve the first question for you. If you want any…
Q: Throughout the year, Baker Construction Company had3 million shares of common stock and 150,000…
A: Convertible preference share are those preferences shares which carry a right to be converted into…
Q: Alpha Metals Product has 300,000 common shares outstanding, which were sold for an average price of…
A: After stock split number of shares increase but value remained same only there is increase in…
Q: Enscoe Enterprises, Inc. (EEI) has 220,000 shares authorized, 170,000 shares issued, and 30,000…
A: Calculate the book value per share as follows: Book value per share = Total equity / Number of…
Q: Enscoe Enterprises, Inc. (EEI) has 260,000 shares authorized, 190,000 shares issued, and 50,000…
A: Equity=Common stock+Retained earnings=$480,000+$80,000=$560,000
Q: Manalo Inc., developing mobile commerce applications, has the following outstanding shares: 25,000…
A: Dividends are defined as the amount of profit distributed by the company to its shareholders.
Q: Loeb Co. had 800,000 shares of common stock outstanding on January 1, issued 112,000 shares on May…
A: Weighted average shares outstanding for the year = Beginning No. of shares outstanding + Shares…
Q: Casper Energy Exploration reports that the corporation's assets are valued at $120,000,000, its…
A: solution given Total assets 120000000 Total liabilities 76000000 Number of shares…
Q: Veranica corp has common stock is currently selling on a stock exchange at P85 per share, and its…
A: Formulas: Par value of preferred stock=Preferred equity / No. of outstanding preferred shares Par…
Q: The mosaic corporation issued 10000 shares of $50 par, 9% preferred stock, and received $530000 from…
A: When company for issues share it will receive cash
Q: Netpass Company has 600,000 shares of common stock authorized, 510,000 shares issued, and 240,000…
A: Dividend is paid on the shares outstanding. Shares outstanding = Shares issued - Treasury shares…
Q: Yam-Hash incorporation has 1,750,000 shares of authorized common stock, each having an Rs.1 par…
A: Equity statement shows position of equity at end of financial year. Dividend =15% Dividend…
Q: Ridgetown Corporation started the year with 50,000 common shares outstanding. On April 1st,…
A: • Weighted average number of common shares from January to March: For opening balance = 50,000×3/12…
Q: Mara Company provided the following data at year-end: Authorized share capital 5,000,000 Unissued…
A: Shareholders' equity in the balance sheet represents the amount which can be obtained by deducting…
Q: Huxley Company has 119,526 shares of common stock authorized, 158,963 issued, and 79,891 shares of…
A: No. of shares issued and outstanding = No. of shares issued - No. of treasury stock = 158963-79891 =…
Q: AUBURN Corporation had 120,000 of ordinary shares issued and January 2 of the same year, the company…
A: Earnings per share represent the earnings held in hands of each shareholder of the company. It is…
Q: The balance sheet for Crutcher Corporation reported 260,000 shares outstanding, 360,000 shares…
A: The corporation can issued that much shares which are authorized to the corporation by the Registrar…
Q: The YZA Corporation has 100,000 ordinary shares authorized, par value P10. As of the end of…
A: The question is based on the concept of Financial Accounting. Earning per share is calculated by…
Q: Milo Co. had 800,000 shares of common stock outstanding on January 1, issued 126,000 shares on May…
A: Basic earnings per share = (Net income - Preferred dividend) / Weighted average no. of common shares…
Q: Kurt's Market has 16,000 shares of stock outstanding with a par value of $1 per share and a market…
A: Given information : Par value of stock = $1 Market value of stock = $17 Balance of common stock =…
Q: The balance sheet for Crutcher Corporation reported 200,000 shares outstanding, 300,000…
A: Treasury stock: The shares which were reacquired or bought back by the company, but not formally…
Q: e Financial controller at T
A: Bonds are priced by discounting future cash flows. Future cash flows include coupons and par value…
Q: Enscoe Enterprises, Inc. (EEI) has 260,000 shares authorized, 190,000 shares issued, and 50,000…
A: Treasury shares are those that are reacquired or repurchased by the business from its shareholders.…
Q: At the beginning of the current year, Bella Company was organized and authorized to issue 100,000…
A: The shareholders' equity section displays all the capital, income or losses that belongs to…
Q: The Abel Company provided the following information from its financial records: Net income…
A: The earnings per share is calculated as net income available to common shareholders divided by…
Q: Marcy Company had 30,000 shares of common stock at the beginning of the year. On July 1, it issued…
A: Formulas: Weighted average number of shares = Actual shares out standing * Fraction of year…
Q: Mave company has given the following data about its common stock: Par value =$1 per share…
A: Treasury stock or shares are the stock which was brought back by the company. Outstanding shares of…
Q: Mave company has given the following data about its common stock: Par value is=$1 per share…
A: Treasury stock or shares are the stock which was brought back by the company. =Total shares issued…
Q: Men's Place has 21,000 shares of stock outstanding with a par value of $1 per share and a market…
A: Market capitalization = Shares outstanding x Market value per share = 21,000 x 27.18…
Q: Darren Company had 600,000 ordinary shares outstanding on January 1, issued 120,000 shares on May 1,…
A: Weighted average number of shares outstanding is the sum of all outstanding shares multiplied by the…
Q: The authorized share capital of the Alfred Cake Company is 120,000 shares. The equity is currently…
A: a. The book shows a balance of common stock of $69,000. The number of shares issued is calculated…
Q: Diaz Corporation, a distributor of exercise equipment, has the following outstanding shares: 18,000…
A: Annual Dividend to Preferred shareholders = No. of preferred share outstanding x Par value per share…
Enscoe Enterprises, Inc. (EEI) has 220,000 shares authorized, 170,000 shares issued, and 30,000 shares of
question:
Determine the number of shares of stock that is outstanding.
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 1 images
- Enscoe Enterprises, Incorporated (EEI) has 360,000 shares authorized, 300,000 shares issued, and 50,000 shares of treasury stock. At this point, EEI has $2,350,000 of assets. $100,000 liabilities, $700,000 of common stock, and $1,550,000 of retained earnings. Further, assume that the market value of EEI's common stock is $11 per share. Required a. Determine the number of shares of stock that is outstanding. b. Determine the book value per share. c. Provide a rational explanation for the difference between the book value per share and the market value per share of EEl's common stock. Complete this question by entering your answers in the tabs below. Required A Required B Required C X Answer is not complete. Determine the number of shares of stock that is outstanding. Shares outstanding sharesEnscoe Enterprises, Inc. (EEI) has 220,000 shares authorized, 170,000 shares issued, and 30,000 shares of treasury stock. At this point, EEI has $1,250,000 of assets. $270,000 liabilities, $400,000 of common stock, and $580,000 of retained earnings. Further, assume that the market value of EEI's common stock is $9 per share. question: Determine the book value per share.Enscoe Enterprises, Incorporated (EEI) has 240,000 shares authorized, 210,000 shares issued, and 20,000 shares of treasury stock. At this point, EEI has $1,530,000 of assets. $200,000 liabilities, $460,000 of common stock, and $870,000 of retained earnings. Further, assume that the market value of EEI's common stock is $9 per share. Requireda. Determine the number of shares of stock that is outstanding.b. Determine the book value per share.c. Provide a rational explanation for the difference between the book value per share and the market value per share of EEI's common stock.
- Enscoe Enterprises, Inc. (EEI) has 220,000 shares authorized, 170,000 shares issued, and 30,000 shares of treasury stock. At this point, EEI has $1,250,000 of assets. $270,000 liabilities, $400,000 of common stock, and $580,000 of retained earnings. Further, assume that the market value of EEI's common stock is $9 per share. question: Provide a rational explanation for the difference between the book value per share and the market value per share of EEIs' common stock.Grayson Corporation has 500,000 shares authorized, 428,000 shares issued, and 28,000 shares of treasury stock. At this point, Grayson Corporation has $880,000 of assets, $216,000 of liabilities, $432,000 of common stock, and $232,000 of retained earnings. Further, assume that the market value of the company's common stock is $10 per share. Required: a. Determine the number of shares of stock that is outstanding. b. Determine the book value per share.Enscoe Enterprises, Incorporated (EEI) has 240,000 shares authorized, 210,000 shares issued, and 20,000 shares of treasury stock. At this point, EEI has $1,530,000 of assets. $200,000 liabilities, $460,000 of common stock, and $870,000 of retained earnings. Further, assume that the market value of EEl's common stock is $9 per share. Required a. Determine the number of shares of stock that is outstanding. b. Determine the book value per share. c. Provide a rational explanation for the difference between the book value per share and the market value per share of EEI's common stock. Complete this question by entering your answers in the tabs below. Required A Required B Required C Determine the number of shares of stock that is outstanding. Shares outstanding shares
- Enscoe Enterprises, Incorporated (EEI) has 220,000 shares authorized, 160,000 shares issued, and 40,000 shares of treasury stock. At this point, EEI has $1,100,000 of assets, $260,000 liabilities, $400,000 of common stock, and $440,000 of retained earnings. Further, assume that the market value of EEI's common stock is $9 per share. a. Determine the number of shares of stock that is outstanding b. Determine the book value per shareEnscoe Enterprises, Incorporated (EEI) has 280,000 shares authorized, 250,000 shares issued, and 20,000 shares of treasury stock. At this point, EEI has $2,120,000 of assets. $280,000 liabilities, $540,000 of common stock, and $1,300,000 of retained earnings. Further, assume that the market value of EEI's common stock is $10 per share. RequiredThe Holtzman Corporation has assets of $441,000, current liabilities of $105,000, and long-term liabilities of $147,000. There is $31,500 in preferred stock outstanding; 24,000 shares of common stock have been issued. a. Compute book value (net worth) per share. (Round your answer to 2 decimal places.)
- Enscoe Enterprises, Incorporated (EEI) has 300,000 shares authorized, 230,000 shares issued, and 60,000 shares of treasury stock. At this point, EEI has $980,000 of assets. $130.000 liabilities, $580,000 of common stock, and $270,000 of retained earnings. Further, assume that the market value of EEr's common stock is $7 per share Required o. Determine the number of shares of stock that is outstanding.Netpass Company has 300,000 shares of common stock authorized, 270,000 shares issued, and100,000 shares of treasury stock. The company’s board of directors declares a dividend of $1 pershare of common stock. What is the total amount of the dividend that will be paid?Company Z has 2.4 million shares of common stock authorized with a par value of $1 and a market price of $58. There are 1.2 million outstanding shares and 0.3 millión shares held in treasury stock Required: a. Prepare the journal entry if the company declares and distributes a 10% stock dividend. b. Show the effect of the 10% stock dividend on assets, liabilities, and stockholders' equity. c. Prepare the journal entry if the company declares and distributes a 100% stock dividend. d. Show the effect of the 100% stock dividend on assets, liabilities, and stockholders' equity. Complete this question by entering your answers in the table below. Required A Required B Required C Required D Prepare the journal entry if the company declares and distributes a 10% stock dividend. (If no entry is required for a transaction/event, select "No Journal Entry Required in the first account field. Enter your answers in dollars and not in millions.) View transaction list Journal entry worksheet Record…