If a corporation issues 1,000 shares of $1 par value common stock for $12,000, the journalentry would include a credit toa. Common Stock for $1,000.b. Retained Earnings for $1,000.c. Common Stock for $12,000.d. Paid-in Capital in Excess of Par—Common for $12,000.

Q: The charter of a corporation provides for the issuance of 103,000 shares of common stock. Assume…

A: Dividend is declared on the basis of number of share issued to the public.

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Number of shares outstanding  = Shares issued - Shares reacquired

Q: The charter of a corporation provides for the issuance of 95,106 shares of common stock. Assume that…

A: The 3,554 shares reacquired are called treasury shares. Treasury shares are not entitled to…

Q: A corporation originally issued $6 par value common stock for $11 per share. It purchased the stock…

A: Treasury stock refers to a method used by the organization to repurchase the issued stock. It is…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Given: Charter state issuance of common stock =100000Shares originnaly issued =40000Shares…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: dividend is paid on shares which are outstanding that is shares issued minus shares reacquired on…

Q: Alma Corp. issues 1,000 shares of $10 par common stock at $14 per share. When the transaction is…

A: Journal Entry: Journal entry is the act of keeping records of transactions in an accounting journal.…

Q: The charter of a corporation provides for the issuance of 10,000 shares of common stock. Assume that…

A: Formula: Cash dividends = Number of outstanding shares x Dividend per share. Multiplying dividend…

Q: The charter of a corporation provides for the issuance of 120,000 shares of common stock. Assume…

A: Formula: Total dividends = Number of Outstanding shares x Dividend per share

Q: What is the number of shares outstanding?

A: Answer - c.44,000

Q: The charter of a corporation provides for the issuance of 99,000 shares of common stock. Assume that…

A: Dividends: Distribution of company profits to their share holders based on their investments.

Q: The charter of a corporation provides for the issuance of 105,588 shares of common stock. Assume…

A: Dividend distribution is a method of distributing profit among the stockholder of the organization.…

Q: The Corporation shareholders’ equity section of the Statement of Financial Position  includes the…

A:

Q: tock for 35,000 cash 2. A corporation issued 2,000 shares of par common stock to its promotors in…

A: Journal entry: Journal entry is the book of original entry where first transactions are recorded in…

Q: Assume that a corporation has the following paid-in capital on January 1: Common stock $25 par…

A:

Q: The charter of a corporation provides for the issuance of 113,026 shares of common stock. Assume…

A: Dividends are paid on the Shares outstanding, not on shares issued. Shares outstanding = 37,231 -…

Q: On May 15, the Simple Corporation issued 6,000 common shares of $8.00 par value stock for land…

A: The organization can raise fund for the operation song integrity by issuing common stock, preferred…

Q: A Corporation has 6,000 shares of P100 par value Ordinary Share Capital and reacquires 1,000 shares…

A: Treasury stock:                         Shares which are bought back by the company from the open…

Q: The charter of a corporation provides for the issuance of 104,571 shares of common stock. Assume…

A: Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its…

Q: Weaver Corporation had the following stock issued and outstanding at January 1, Year 1:  66,000…

A: Dividends are distributions of earnings by a corporation to its stockholders. Usually the…

Q: When Wisconsin Corporation was formed on January 1, the corporate charter provided for 100,000…

A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…

Q: The charter of a corporation provides for the issuance of 104,020 shares of common stock. Assume…

A: The charter of a corporation provides maximum numbers of shares that can be issued by the…

Q: A corporation has 4,000 shares of 10% noncumulative non participating preference shares outstanding,…

A: The total dividends would be first apportioned to preference shareholders and any remaining amount…

Q: On January 1, 2021 a corporation was organized. The firm was authorized to Issue 150,000 shares of…

A: Stockholder's equity at the end of 2021 = Common stock + Paid in capital in excess of par common…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Calculate the outstanding shares as follows: Outstanding shares = Total shares - reacquired shares…

Q: The company was organized on January 1, Year 1. The firm was authorized to issue 500,0O00 shares of…

A: Shareholder equity means the amount that belong to the owner of the company i.e. share holder.…

Q: Question 4.) A corporation issues 2,500 shares of common stock for P45,000. The stock has stated…

A:

Q: The charter of a corporation provides for the issuance of 105,000 shares of common stock. Assume…

A: Given that,  number of shares originally issued = 63000 shares number of shares reacquired = 12600

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Formula: Shares outstanding = Shares issued - shares reacquired. Shares reacquired gets deducted…

Q: The Corporation shareholders' equity section of the Statement of Financial Position includes the…

A: Lets understand the basics. When any person is donated shares then it needs to treat as treasury…

Q: Weaver Corporation had the following stock issued and outstanding at January 1, Year 1:  66,000…

A: Definition:   Dividends: This is the amount of cash distributed to stockholders by a company out its…

Q: When Wisconsin Corporation was formed on January 1, the corporate charter provided for 100,000…

A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…

Q: The Antik Corporation has issued both preference and ordinary shares. On January 1, 200D, the…

A: Preference shares are shares of a company. Preference shares dividends are paid out to shareholders…

Q: The Sneed Corporation issues 12,700 shares of $46 par preferred stock for cash at $63 per share. The…

A: The organization can raise funds for the operation by issuing common stock, preferred stock for…

Q: What is the number of shares outstanding?

A: Share Outstanding: = Issued shares- reacquired shares. Even if charter provides for 136,000 shares…

Q: A corporation issues 6,000 shares of $5 par value commonstock for $8 cash per share. The entry to…

A: Cash received = 6,000 shares x $8 per share = $48,000.

Q: 7. A corporation reacquires 60,000 shares of its own $10 par common stock for $3,000,000, recording…

A: Answer to Question 7   Entry for Re-Acquisition of Stock PARTICULAR DEBIT CREDIT…

Q: on may 15, the simple corporation issued 6,000 common shares of $8 par value stock for land valued…

A: Hi student Since no requirement is mentioned, it is assumed that it is to be identified that whether…

Q: The charter of a corporation provides for the issuance of 118,000 shares of common stock. Assume…

A: Formula: Amount of cash dividends to be paid  = No. of shares issued and outstanding x Dividend per…

Q: A corporation issues common stock with a $5 stated value. Its Common Stock account has a balance of…

A: Here stated value is the Nominal value or par value at which shares are issued.  Number of shares…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Dividend is the amount of return paid to shareholders of a company.

Q: The charter of a corporation provides for the issuance of 116,962 shares of common stock. Assume…

A: Cash dividend will be paid  for shares issued Less shares reacquired

Q: A corporation issues 4,500 shares of common stock for $144,000. The stock has a stated value of $19…

A: Definition:

Q: A corporation sold 13,500 shares of its $10 par value common stock at a cash price of $14 per share.…

A: When shares are sold by a corporation in excess of par, cash is received and an increase in cash is…

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.