Problem 14-1A On January 1, 2014, Geffrey Corporation had the followi.pdf

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Problem 14-1A On January 1, 2014, Geffrey Corporation had the following stockholders\' equity accounts Common Stock ($20 par value, 60,000 shares issued and outstanding) Paid-in Capital in Excess of Par-Common Stock Retained Earnings $1,200,000 200,000 600,000 During the year, the following transactions occurred. Declared a $1 cash dividend per share to stockholders of record on February 15, payable March 1 Paid the dividend declared in February Announced a 2-for-1 stock split. Prior to the split, the market price per share was $36 Declared a 10% stock dividend to stockholders of record on July 15, distributable July 31, On July 1, the market price of the stock was $13 per share Issued the shares for the stock dividend Declared a $0.50 per share dividend to stockholders of record on December 15, payable January 5, 2015 Determined that net income for the year was $350,000 Feb. 1 Mar. 1 Apr. 1 July 1 31 Dec. 1 31 Journalize the transactions and the closing entries for net income and dividends. (Credit account titles are automatically indented when amount is entered. Do not indent manually. If no entry is required, select \"No Entry\" for the account titles and enter 0 for the amounts. If no entry is required, select \"No entry\" for the account titles and enter 0 for the amounts.) Date Aocount Titles and Explanation Debit Credit Feb. 1 Mar. 1 Apr. 1 July 1 uly 31 Dec. 1 Dec. 31 (To close net income) (To close stock dividends) (To close cash dividends) Solution Journal Entries: Date Accounts / Explanations Debit Credit Feb. 1 Cash Dividend $ 60,000.00 Dividend Payable $ 60,000.00 (Being cash dividend declared = 60000 Shares * $1) Mar. 1 Dividend Payable $ 60,000.00 Cash $ 60,000.00 (Being cash dividend cash ) Apr. 1 No entry (New shares = 60000*2 = 120000 Shares @ $20/ 2 =$10 Par value) July. 1 Stock Dividend $ 156,000.00 Dividend Distributable $ 156,000.00 (Being Stock Dividend Declared = 120000 *10% = 12000 Shares*$13 ) July. 31 Dividend Distributable $ 156,000.00 Paid in capital in excess of par- Common Stock (156000-120000) $ 36,000.00 Common Stock (12000 Shares * $10) $ 120,000.00 (Being shares issues for dividend ) Note : total number of shares after Stock Div = 120000+12000 = 132000 Dec. 1 Cash Dividend $ 66,000.00 Dividend Payable $ 66,000.00 (Being cash dividend declared = 132000 Shares * $0.50) Dec. 31 Income Summary $ 350,000.00 Retained earnings $ 350,000.00 (Being net income closed) Retained earnings $ 126,000.00 Cash Dividend (60000+66000) $ 126,000.00 (Being cash dividend closed) Retained earnings $ 156,000.00 Stock Dividend $ 156,000.00 (Being cash dividend closed) Journal Entries: Date Accounts / Explanations Debit Credit Feb. 1 Cash Dividend $ 60,000.00 Dividend Payable $ 60,000.00 (Being cash dividend declared = 60000 Shares * $1) Mar. 1 Dividend Payable $ 60,000.00 Cash $ 60,000.00 (Being cash dividend cash ) Apr. 1 No entry (New shares = 60000*2 = 120000 Shares @ $20/ 2 =$10 Par value) July. 1 Stock Dividend $ 156,000.00 Div.

Education

Apr. 1
No entry
(New shares = 60000*2 = 120000 Shares @ $20/ 2 =$10 Par value)
July. 1
Stock Dividend
$ 156,000.00
Dividend Distributable
$ 156,000.00
(Being Stock Dividend Declared = 120000 *10% = 12000 Shares*$13 )
July. 31
Dividend Distributable
$ 156,000.00
Paid in capital in excess of par- Common Stock (156000-120000)
$ 36,000.00
Common Stock (12000 Shares * $10)
$ 120,000.00
(Being shares issues for dividend )
Note : total number of shares after Stock Div = 120000+12000 = 132000
Dec. 1
Cash Dividend
$ 66,000.00
Dividend Payable
$ 66,000.00
(Being cash dividend declared = 132000 Shares * $0.50)
Dec. 31
Income Summary
$ 350,000.00
Retained earnings
$ 350,000.00
(Being net income closed)
Retained earnings
$ 126,000.00
Cash Dividend (60000+66000)
$ 126,000.00
(Being cash dividend closed)
Retained earnings

$ 156,000.00
Stock Dividend
$ 156,000.00
(Being cash dividend closed)
Journal Entries:
Date
Accounts / Explanations
Debit
Credit
Feb. 1
Cash Dividend
$ 60,000.00
Dividend Payable
$ 60,000.00
(Being cash dividend declared = 60000 Shares * $1)
Mar. 1
Dividend Payable
$ 60,000.00
Cash
$ 60,000.00
(Being cash dividend cash )
Apr. 1
No entry
(New shares = 60000*2 = 120000 Shares @ $20/ 2 =$10 Par value)
July. 1
Stock Dividend
$ 156,000.00
Dividend Distributable
$ 156,000.00
(Being Stock Dividend Declared = 120000 *10% = 12000 Shares*$13 )
July. 31
Dividend Distributable
$ 156,000.00
Paid in capital in excess of par- Common Stock (156000-120000)
$ 36,000.00
Common Stock (12000 Shares * $10)

$ 120,000.00
(Being shares issues for dividend )
Note : total number of shares after Stock Div = 120000+12000 = 132000
Dec. 1
Cash Dividend
$ 66,000.00
Dividend Payable
$ 66,000.00
(Being cash dividend declared = 132000 Shares * $0.50)
Dec. 31
Income Summary
$ 350,000.00
Retained earnings
$ 350,000.00
(Being net income closed)
Retained earnings
$ 126,000.00
Cash Dividend (60000+66000)
$ 126,000.00
(Being cash dividend closed)
Retained earnings
$ 156,000.00
Stock Dividend
$ 156,000.00
(Being cash dividend closed)

Similar to Problem 14-1A On January 1, 2014, Geffrey Corporation had the followi.pdf

During the year, the following transactions occurred. Feb. 1 Declared a $2 cash dividend per share to stockholders of record on February 15 , payable March 1. Mar 1 Paid the dividend declared in February. Apr. 1 Anmounced a 2 -for-1 stock split. Prior to the split, the market price per share was $40. July 1 Declared a 15% stock dividend to stockholders of record on July 15, distributable July 31. On July 1, the market price of the stock was $14 per share. 31 I smed the shares for the stock dividend. Dec. 1 Deciared a 50.30 pee share dividend to stockholders of record on December 15, payable lamuary 5.2023 31 Determined that net income for the year was $326.500 .Feh. 1 Cash Bividends 126000 Dividends Payable 126000 Mar, 1 v Dividends Payabie 126000 Cash 126000 begin{tabular}{|l|l|l|} hline Aore. & NoEntry & 0 & NoEntry & hline end{tabular}Dividends Payable Dec:31 v Income Summary Retained Earnings (To close net income) (To close stock dividends) (To close cash dividends)equity accounts as needed.) (Post entries in the order of journol entries presented in the previous part) Common Stock Common Stock Dividends Distributable.

During the year the following transactions occurred Feb 1.pdf

acecomputertcr

On January 1, 2022, Wildhorse Corporation had the following stockholders' equity accounts. During the year, the following transactions occurred. Feb. 1 Declareda $2 cash dividend per share to stockholders of record on February 15, payable March 1. Mar. 1 Paid the dividend declared in February. Apr. 1 Announced a 2-for-1 stock split. Prior to the split, the market price per share was $40. July 1 Declared a 15% stock dividend to stockholders of record on July 15 , distributable July 31 . On July 1 , the market price of the stock was $14 per share. 31 Issued the shares for the stock dividend. Dec. 1 Declareda $0.30 per share dividend to stockholders of record on December 15, payable January 5, 2023. 31 Determined that net income for the year was $326,500.Prepare a stockholders'equity section at December 31. (Enter account name only and do not provide descriptive information.).

On January 1 2022 Wildhorse Corporation had the following .pdf

acetecnagarajan

Required information [The following information applios to the questions disployed below] The equity sections for Atticus Group at the beginning of the year (January 1 ) and end of the year (December 31) follow. The following transactions and events affected its equity during the year. January 5 Declared a $0.40 per share cash dividend, date of record January 10. March 20 Purchased treasury stock for cash. Apri1 5 peclared a se.40 per share cash dividend, date of record April 10. July 5 Declared a so, 50 per share cash dividend, date of record July 19. July 31 Declared a 208 stock dividend when the stock's narket value was $12 pee share. Augast 14 Issued the stock dividend that was declared on July 31. October 5 Declared a $0.40 per share cash dividend, date of recond october 10. 3. What is the amount of tetained earnings transferred to paid-in copital accounts (copitaized) for the stock dividend?.

Required information -The following information applios to the questio.pdf

Ian0J2Bondo

Do you believe Americans\' concern for the environment is a stronger value than their materialism? What ethical issues do you see relating to green marketing? Please answer in 300- 400 words. Solution Americans\' concern for the environment is less strong compared to their materialism as both of these are contradictory most of the times where the environmental concerns around recycling wastes, energy saving through controllable use etc. outdo the increasing consumption of materials or products that add to the wastes and result in increase in energy consumption. Few examples include consumers buying mobile phones and latest gadgets that increase the energy consumption while switching of electrical appliances when they are not using them to save the energy. Consumers can identify green marketing as a solution to the environmental issues without the need to reduce the consumption of the materials/products while compromising to an extent on the features or specifications of the products. Below are the ethical issues relating to green marketing –.

eaver Corporation had the Toloing StoCK ISSued and outstanding at Jan.pdf

fathimaoptical

Included in the December 31, 2015, Jacobi Company balance sheet was the following shareholders’ equity section: Jacobi Company Balance Sheet (Shareholders' Equity) December 31, 2015 1 Contributed Capital: 2 Preferred stock, 6%, $100 par $200,000.00 3 Additional paid-in capital on preferred stock 12,000.00 $212,000.00 4 Common stock, $5 par $150,000.00 5 Additional paid-in capital on common stock 240,000.00 390,000.00 6 Total contributed capital $602,000.00 7 Retained earnings 627,000.00 8 Accumulated other comprehensive income (loss): 9 Unrealized decrease in value of available-for-sale securities (41,000.00) 10 Total contributed capital, retained earnings, and accumulated other comprehensive income $1,188,000.00 11 Less: Treasury stock (1,000 shares of common stock at cost, acquired on 2/3/2015) (20,000.00) 12 Total Shareholders’ Equity $1,168,000.00 The company engaged in the following stock transactions during 2016: Jan. 4 Paid the semiannual dividend on the outstanding preferred stock and a $1.60 per share annual dividend on the outstanding common stock. These dividends had been declared on December 1, 2015. 5 Issued 500 shares of preferred stock at $110 per share. 22 Issued 4,000 shares of common stock at $23 per share. Apr. 2 Reissued 700 shares of treasury stock at $24 per share. May 14 Declared a 10% stock dividend on the outstanding common stock, payable on June 29. The common stock is currently selling for $25 per share. Jun. 4 Declared the semiannual cash dividend on the outstanding preferred stock, payable on July 5. 29 Issued the stock dividend declared on May 14. Jul. 5 Paid the cash dividend declared on June 4. 20 Split the common stock 2-for-1 and reduced the par value to $2.50 per share. Aug. 3 Declared a property dividend, payable to common shareholders on September 14. The dividend consists of an available-for-sale investment in 50 Drot Company bonds. The bonds had been acquired for $45,000, but have a carrying value of $30,000. The bonds are currently selling for $20,000. Sep. 14 Paid the property dividend declared on August 3. Dec. 3 Declared the semiannual cash dividend on the outstanding preferred stock and a $0.90 per share annual dividend on the outstanding common stock. Required: 1. Prepare journal entries to record the preceding transactions. 2. Prepare the December 31, 2016, shareholders’ equity section (assume that 2016 net income was $270,000). X .

Included in the December 31, 2015, Jacobi Company balance sheet wa.docx

jaggernaoma

Included in the December 31, 2015, Jacobi Company balance sheet .docx

lanagore871

For this exam, omit all general journal entry explanations. Ensure to include correct dollar signs, underlines & double underlines. Question1: 30% points: On December 31, 2014, Flimsy Incorporated, had the following balances (all balances are normal): Accounts Amount Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding) $1,000,000 Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding) $1,000,000 Paid-in Capital in Excess of par, Common 150,000 Retained Earnings 700,000 The following events occurred during 2014 and were not recorded: a. On January 1, Flimsy declared a 5% stock dividend on its common stock when the market value of the common stock was $15 per share. Stock dividends were distributed on January 31 to shareholders as of January 25. b. On February 15, Flimsy reacquired 1,000 shares of common stock for $20 each. c. On March 31, Flimsy reissued 250 shares of treasury stock for $25 each. d. On July 1, Flimsy reissued 500 shares of treasury stock for $16 each. e. On October 1, Flimsy declared full year dividends for preferred stock and $1.50 cash dividends for outstanding shares and paid shareholders on October 15. f. One December 15, Flimsy split common stock 2 shares for 1. g. Net Income for 2014 was $275,000. Requirements: a. Prepare journal entries for the transactions listed above. b. Prepare a Stockholders\' section of a classified balance sheet as of December 31, 2014. Ensure to include correct dollar signs, underlines & double underlines. Date Account Debit Credit Comment Accounts Amount Preferred Stock, ($100 par value, 5% noncumulative, 50,000 shares authorized, 10,000 shares issued and outstanding) $1,000,000 Common Stock ($10 par value, 200,000 shares authorized, 100,000 shares issued and outstanding) $1,000,000 Paid-in Capital in Excess of par, Common 150,000 Retained Earnings 700,000 Solution Journal entries: Date Accounts Title Debit $ Credit $ Jan. 1 Retained Earnings (100000 Shares x 5%x$15) 75,000.00 Dividend Distributable (100000 Shares× 5%x$15) 75,000.00 (Being Stock Dividend Declared) Jan. 31 Dividend Distributable 75,000.00 Paid-in Capital in Excess of par, Common (100,000 Shares x5%x($15- $10) 25,000.00 Common Stock (100000 Shares ×5%x$10) 50,000.00 (Being Stock Dividend Distributed) Feb. 15 Treasury Stock 20,000.00 Cash (1,000x$20) 20,000.00 (Being 1000 Shares required) Mar. 31 Cash (250 Sharesx$25) 6,250.00 Paid-in Capital in Excess of par, Common (250 Shares x ($25-20) 1,250.00 Treasury Stock (250 Shares x $20) 5,000.00 Rissued 250 shares of treasury stock for $25 each) Jul. 1 Cash (500 Shares x $16) 8,000.00 Paid-in Capital in Excess of par, Common (500 Shares x ($20-16) 2,000.00 Treasury Stock (500 Shares x$20) 10,000.00 (To record the issued 500 shares of treasury stock for $16 each) Oct. 1 Reatined Earnings 199,625.00 Dividend Distributable (50,000+149,625) 199,625.00 (To record the Dividend Declared) Pref.

For this exam, omit all general journal entry explanations.Ensure .pdf

amoratrading

Questions 1-5 are all based on the following information. On January 2, 2014, Max Corporation acquired 30 percent of the outstanding common stock of Rich Company for $1,000,000. This acquisition gave Max the ability to exercise significant influence over the investee. The book value of the acquired shares was $790,000. Any excess cost over the book value was assigned to a patent that was undervalued on Rich\'s balance sheet. This patent has a remaining useful life of 7 years. For the year ended December 31, 2014, Rich reported net income of $250,000 and paid cash dividends of $95,000. 1)At December 31, 2014, how much is the basic equity accrual (increase)? 2)How much is the excess payment? 3)At December 31, 2014, how much is the dividend allocation? 4)For 2014, how much is the excess amortization of the patent? 5)At December 31, 2014, how much should Max report as its investment in Rich? Solution 1) Basic equity accrual on 31/12/2014 155,000/- 2) The xecess payment for patent 210,000/- 3) Dividend allocation 95,000/- 4) Excess amortisation of patent 28,500/- (95,000 *30 %) 5) Max investment in rich after dividend is accounted 971,500/- (1,000,000 - 28,500).

Questions 11-15 are based on the followingRose Corporation acquir.pdf

suretheboss10

The equity sections for Atticus Group at the beginning of the year (Ja.pdf

pranitrathod03

1)Journal entries T- Accounts Common Stock Common Stock dividends distributable Paid in capital in excess of par - common stock Retained earnings Cash dividends 235,776 $483,144 Stockholders equity Common stock (145920 shares @11) $1,605,120 Paid in capital in excess of par- common stock 246,060 Total paid in capital $1,851,180 Add: Retained earnings 483,144 Total Stockholder\'s equity $4,185,504DateDescriptionDebitCreditFeb1Dividends$192,000To Dividends payable( 64,000@3)$192,000March 1Dividends payable$192,000To Cash$192,000April 1No Entry(64,000*2 = 128,000 shares @11July 1Stock dividends(128000@14%@14)$250,880To Stock dividend distributable(17,920@11)$197,120To Addittional paid in capital$ 53,760July 31Stock dividend distributable$197,120To Common stock$197,120Dec 1Dividend$43,776To dividend payable(128,000+17920 ) .30$43,776Dec 31Income summary$371,000To Retained earnings$371,000Retained earnings$250,880To Stock dividends$250,880Retained earnings$235,776To dividends$235,776 Solution 1)Journal entries T- Accounts Common Stock Common Stock dividends distributable Paid in capital in excess of par - common stock Retained earnings Cash dividends 235,776 $483,144 Stockholders equity Common stock (145920 shares @11) $1,605,120 Paid in capital in excess of par- common stock 246,060 Total paid in capital $1,851,180 Add: Retained earnings 483,144 Total Stockholder\'s equity $4,185,504DateDescriptionDebitCreditFeb1Dividends$192,000To Dividends payable( 64,000@3)$192,000March 1Dividends payable$192,000To Cash$192,000April 1No Entry(64,000*2 = 128,000 shares @11July 1Stock dividends(128000@14%@14)$250,880To Stock dividend distributable(17,920@11)$197,120To Addittional paid in capital$ 53,760July 31Stock dividend distributable$197,120To Common stock$197,120Dec 1Dividend$43,776To dividend payable(128,000+17920 ) .30$43,776Dec 31Income summary$371,000To Retained earnings$371,000Retained earnings$250,880To Stock dividends$250,880Retained earnings$235,776To dividends$235,776.

1)Journal entriesT- AccountsCommon StockCommon Stock dividends.pdf

anushkaent7

Winnie Corporation was organized on January 1, 2022. It is authorized to issue 100,000 sibrtansactions occurred stock with a stated value of $4 per share. The following select equity, debt and invest during the first year of operations. Jan. 15 Issued 30,000 shares of common stock for cash at $7 per share. Feb. 1 Issued $1 , 000 , 000 , 10$5 , 5 -year bonds at 100 . Mar. 8 Purchased 6,000 shares of Wes Corporation common stock ( 6% interest) for $240 , 000 cash. Apr. 15 Purchased 6,000 shares of common stock for the treasury at $42 , 000 . May 1 Purchased 100 , $1 , 0009% Jenny bonds for $100 , 000 . Interest is payable semiannually on May 1 and November 1 . 4 Sold 4,000 shares of treasury stock for $36 , 000 . 15 Issued 10,000 shares of common stock for cash at $10 per share. 17 Sold the remaining 2,000 shares of treasury stock for $8 , 000 . 19 Declared a cash dividend of $2 per share to stockholders on record on May 31. Jun. 15 Paid the $2 cash dividend. Sept. 1 Purchased 40,000 shares of JW Company common stock for $600 , 000 ( $15 per share). This represents 30% of JW's outstanding shares. Oct. 1 Sold 4,000 shares of Wes Corporation Common Stock for $168 , 000 . Nov. 1 Received the semiannual interest on the Jenny bonds. 2 Declared a 10% stock dividend to stockholders of record on November 15, distributable Nov. 30. On Nov. 2, the market price of the stock was $8 per share. 5 Wes Corporation declared and paid a $25 , 000 cash dividend. 28 JW Company declared and paid a cash dividend of $50 , 000 . 30 Issued the shares for the stock dividend. Dec. 31 Wes Corporation reported net income of $150 , 000 . The market price of Wes was $38 per share. 31 The Jenny Company Bonds had a fair value of $103 , 000 . 31 JW Company reported a net income of $200 , 000 for the year. 31 Accrued interest expense on the bonds. 31 Accrued interest revenue on the bonds. Instructions: Journalize the above transactions. Prepare the adjusting entries at December 31,2022 , to report the investment securities at fair value. All securities are considered to be short-term, except for the JW Company commn stock..

Winnie Corporation was organized on January 1- 2022- It is authorized.pdf

aadheshwarahmednagar

Presented below is selected information pertaining to Pineapple Enterprises Ltd. for last year: Assets January 1 $240,000 Assets December 31 $320,000 Liabilities January 1 $120, 000 Common shares December 31 60,000 Retained earnings December 31 $20,000 Common shares issued during the year 2,000 Dividends declared during the year 32,000 Required Calculate the net income for last year. Assets January 1 $240,000 Assets December 31 $320,000 Liabilities January 1 $120, 000 Common shares December 31 60,000 Retained earnings December 31 $20,000 Common shares issued during the year 2,000 Dividends declared during the year 32,000 Solution Assets January 1 240000 Less Liabilities January 1 120000 Common stockholders equity January 1 120000 less Common stock January 1 ( 60000-2000) 58000 Retained earnings January 1 62000 Retained earnings December 31 20000 Add Dividend declared 32000 52000 less Retained earnings January 1 62000 Net income -10000.

Presented below is selected information pertaining to Pineapple Ente.pdf

thorsendrouillardu93

DOL Co. had the following account balances as of December 1, 2015: Inventory $720,000 Land 600,000 Building—net (valued at $1,200,000) 1,080,000 Common stock ($10 par value) 960,000 Retained earnings, December 1, 2010 1,320,000 Revenues 720,000 Expenses 600,000 Miller Inc. transferred $1.7 million in cash and 12,000 shares of its newly issued $30 par value common stock (valued at $90 per share) to acquire all of DOL’s outstanding common stock. Assume that Miller paid cash of $2.8 million. No stock is issued. An additional $50,000 is paid in direct combination costs. For Goodwill, determine what balance would be included in a December 1, 2015 consolidation? Solution Total fair value of assets acquired =total assets + revaluation increase 2,400,000 + 120,000 = 2,520,000 Total consideration paid = 1,700,000 + 12000 shares X 90 per share 1,700,000 + 1,080,000 = $ 2,780,000 Goodwill = 2,780,000 - 2,520,000 = $ 260,000 If all cash given and extra cash for covering cost than consideration = 2,800,000 + 50,000 = $ 2,850,000 Total fair value of assets = $ 2,520,000 Goodwill = $ 3,30,000..

DOL Co. had the following account balances as of December 1, 2015.pdf

RITU1ARORA

On January 1, 2024 , Blossom Ltd. had the following shareholders' equity accounts: Common shares (1,090,000 issued) $1,635,000 Retained earnings 1,962,000 The company was also authorized to issue an unlimited number of $4 noncumulative preferred shares. As at January 1, 2024 , none had been issued. During 2024, the corporation had the following transactions and events related to its shareholders' equity: Jan. 2 Issued 109,000 preferred shares for $50 per share. Mar. 31 Paid quarterly dividend to preferred shareholders. June 30 Paid quarterly dividend to preferred shareholders. Aug. 12 Issued 104,000 common shares for $1.70 per share. Sept. 30 Paid quarterly dividend to preferred shareholders. Dec. 31 Paid quarterly dividend to preferred shareholders and a $0.25 per share dividend to the common shareholders. Dec. 31 Loss for the year was $103,000. Journalize the transactions and the entries to close dividends and the income Summary account. fGredit occount titles are automatically indented when the amount is entered. Do not indent manually, If no entry is reguired, select "No Entry" for the account titles Open general ledger accounts for the shareholders' equity accounts, enter the beginning balances, and post entries from the .

On January 1- 2024- Blossom Ltd- had the following shareholders' equit.docx

farrahkur54

The following transactions relate to Sunlight Mountain Inc. Prepare journal entries for each transaction. Prepare the equity section of the balance sheet at each year-end, December 31 . Assume 2015 was Sunlight's irst year of operations. 1. Sunlight issued 1,000 shares of $1 par value common stock for $70 per share on January 1 , 2015. 2. Sunlight issued 500 shares of no par value, $5 , non-cumulative preferred stock for $50 per share on January 1, 2015. 3. Sunlight reported net income of $2 , 000 during 2015 and paid no dividends. Prepare the company's equity section of the December 31, 2015, balance sheet. Stockholders' Equity: Total Stockholders' Equity 4. On January 1, 2016, Sunlight purchased 200 shares of its common stock for $60 per share. 5. On December 15, 2016, Sunlight declared and paid dividends totaling $6 , 600 during 2016. Prepare the company's equity section from December 31, 2016. 6. Sunlight reported net income of $20 , 000 during 2016. Prepare the company's stockholders' equity section of the December 31,2016 , balance sheet..

The following transactions relate to Sunlight Mountain Inc- Prepare jo.pdf

amitparekh2584

របាយការណ៍ចំណេញរក្សាទុក_Statement_of_retained.ppt

LayTekchhay2

16. Stock dividends and stock splits have the following effects on retained earnings: Stock Splits Stock Dividends a. Increase No change b. Decrease Decrease c. No change No change d. No change Decrease 17. Somento Forest Inc. has 10,000 shares of 6%, $100 par value, cumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2014. What is the annual dividend on the preferred stock? a. $60 per share b. $60,000 in total c. $100,000 in total d. $0.60 per share 18. A prior period adjustment that corrects income of a prior period requires that an entry be made to a. an income statement account. b. the retained earnings account. c. a current year revenue or expense account. d. an asset account. 19. The following selected amounts are available for Vizio Company. Retained earnings (beginning) $1,600 Net loss 300 Cash dividends declared 200 Stock dividends declared 200 What is its ending retained earnings balance? a. $1,300 b. $900 c. $1,400 d. $1,200 20. Bento, Inc. had 500,000 shares of common stock outstanding before a stock split occurred, and 1,500,000 shares outstanding after the stock split. The stock split was a. 2-for-5. b. 5-for-1. c. 3-for-1 d. 1-for-5. PROBLEM 1 On January 1, 2010, Anderson Corporation had 60,000 shares of $1 par value common stock issued and outstanding. During the year, the following transactions occurred: Mar. 1 Issued 30,000 shares of common stock for $400,000. June 1 Declared a cash dividend of $1.50 per share to stockholders of record on June 15. June 30 Paid the $1.50 cash dividend. Dec. 1 Purchased 10,000 shares of common stock for the treasury for $20 per share. Dec. 15 Declared a cash dividend on outstanding shares of $2 per share to stockholders of record on December 31. Instructions Prepare journal entries to record the above transactions. Use the template below . Date Account Debit Credit PROBLEM 2 The following information is available for Grey Goose Inc.: Beginning retained earnings $600,000 Cash dividends declared 40,000 Net income for 2014 100,000 Stock dividend declared 10,000 Understatement of last year's depreciation expense 20,000 Instructions Based on the preceding information, prepare a retained earnings statement for 2014 in the box below. GREY GOOSE INC. Retained Earnings Statement F.

16. Stock dividends and stock splits have the following effect.docx

jeanettehully

The stockholders' equity accounts of Ivanhoe Corporation on January 1, 2027, were as follows. Preferred Stock (7%, $100 par noncumulative, 4,400 shares authorized) Common Stock ($4 stated value, 294,000 shares authorized) Paid-in Capital in Excess of Par Value-Preferred Stock Paid-in Capital in Excess of Stated Value-Common Stock Retained Earnings Treasury Stock (4,400 common shares) Feb. 1 Mar. 20 Oct. 1 Nov. Dec. During 2027, the corporation had the following transactions and events pertaining to its stockholders' equity. 1 1 $264,000 Dec. 31 940,800 13,200 470,400 699,500 35,200 Issued 4,400 shares of common stock for $30,800. Purchased 1,400 additional shares of common treasury stock at $8 per share. Declared a 7% cash dividend on preferred stock, payable November 1. Paid the dividend declared on October 1. Declared a $0.70 per share cash dividend to common stockholders of record on December 15, payable December 31, 2027. Paid the dividend declared on December 1. The stockholders equity accounts of Ivanhoe Corporation on January 1, 2027, were as follows. During 2027, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,400 shares of common stock for $30,800. Mar. 20 Purchased 1,400 additional shares of common treasury stock at $8 per share. Oct. 1 Declareda 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec 1 Deciared a $0.70 per share cash dividend to common stockholders of record on December 15, payable December 31. 2027. Dec. 31 Paid the dividend declared on December 1. (a) Prepare a tabular summary that includes the January 1, 2027, balances. Do not include the beginning balance in Retained (b) Record the 2027 transactions in the tabular summary. Include margin explanations for the changes in revenues and expenses. (Round answers to 0 decimal ploces, eg. 5,275.) - Decreases in assets, liabilities, or stockholders' equity require a negative sign or parentheses. - Increases in expenses require a negative sign or parentheses. - Increases in Discount on Bonds Poyable require a negotive sign or parentheses. - Increases in Treasury Stock require a negative sign or parentheses. (a) BaL. (b) Feb, 1 Mar.20 Oct. 1 Nov. 1 Dec 1 Dec. 31 $$$$ 30,800 . Stockholders' Equity Retained Earnings Treasury Stock Revenue Expense Dividend ; $$ 5 I. Retained Earnings Expense $ Dividend $ Commonstock Dividends Interest expense Paid-in- capital in excess of common stock Paid in-capital in excess of preferred stock Preferred stock.

The stockholders equity accounts of Ivanhoe Corporation on January .pdf

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At the end of the 2014 annual reporting period, Barnard Corporation\'s balance sheet showed the following: During 2015 the following selected transactions (summarized) wore completed: Sold and issued 1.600 shares of common stock at $29 cash per share (at year-end). Determined net income. $44,000. Declared and paid a cash dividend of $1 per share on the beginning shares outstanding Prepare a statement of stockholders\' equity for the year ended December 31. 2015. Solution BARNARD CORPORATION Statement of Stockholder\'s Equity Common Stock Paid in Capital Retained Earnings Total Shareholder\'s Equity Shares Amount Balance as of December 31, 2014 7000 $ 105,000 $ 17,000 $ 44,000 $ 166,000 Add: Net Income $ 44,000 $ 44,000 Less: Dividends declared $ 7,000 $ 7,000 Stock Issued 1600 24000 22400 $ 46,400 (1600*15) (1600*29)-24000 Balance as of December 31, 2015 8600 129000 39400 $ 81,000 $ 249,400 BARNARD CORPORATION Statement of Stockholder\'s Equity Common Stock Paid in Capital Retained Earnings Total Shareholder\'s Equity Shares Amount Balance as of December 31, 2014 7000 $ 105,000 $ 17,000 $ 44,000 $ 166,000 Add: Net Income $ 44,000 $ 44,000 Less: Dividends declared $ 7,000 $ 7,000 Stock Issued 1600 24000 22400 $ 46,400 (1600*15) (1600*29)-24000 Balance as of December 31, 2015 8600 129000 39400 $ 81,000 $ 249,400.

At the end of the 2014 annual reporting period, Barnard Corporation.pdf

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Acc 557 homework 4 chapters 11 and 12

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points) r False (f statement is false, correct it that it is true) a) Polymers make up an exciting class of biomaterials Polyethylene is a wonderful example of a simple ceramic that can be used in multiple applications by modifying its chemical structure. It tends to be bioactive when used by itself as an implant, but it becomes even more bioactive when 10 vol% Calcium Carbonate is added to it. Teflon can be used as a vascular graft material due to its low coefficient of friction. This is achieved because C atoms are replaced by F atoms in its structure. Collagen is the premiere polymer that is produced in our bodies. There are about 15 types of collagen and this polysaccharide is very important in bone matrix formation and tissues and organs. b) A vacancy is a point defect that occurs when an atom is missing from a lattice position. A perfect metal crystal would exhibit ductile behavior. Amorphous crystals have long range order which can be measured by x-ray diffraction. X-ray crystal structure determination and the iridescent colors in nacre, butterfly wings, and beetle exoskeletons are caused by similar phenomena that involves the transmission of visible light. Metals tend to be harder than polymers, ceramics tend to be stronger than polymers, and metals tend to be harder than ceramics. Diamond is a unique material that exhibits metallic bonding. One of its more unusual features is that although it has a very high electrical conductivity, it is a poor conductor of heat. c) H bonding is a very important bond type in biological materials such as water and DNA. H bonding is responsible for the anomalous freezing behavior of water in which its Solution a) true b) false because diamond is good conductor of heat because of the strong covalent bonding and low phonon scattering. Thermal conductivity of natural diamond was measured to be about 22 W/(cm·K), which is five times more than copper. Monocrystalline synthetic diamond enriched to 99.9% the isotope 12C has the highest thermal conductivity of any known solid at room temperature: 33.2 W/(cm·K).diamond is a good electrical insulator, having a resistivity of 100 G·m to 1 E·m c) false density decrease when transform solid to liquid thays why ice use to float at water surface d) TRUE rapid cooling producing small crystals, slower cooling producing larger ones e) FALSE (100) plane physically intersects the Y and Z axes and its perpendicular to both plane (010)and(020) thanks.

points) r False (f statement is false, correct it that it is true) a).pdf

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Please read the description below and identify which region the text is referring to by dragging and dropping the name of the region into the bins provided. Historically, this region has suffered from extreme poverty, which continues to this day. Growth has been effectively zero since the 1960?s. Problems such as political instability, poor public health and a lack of effective institutions have all contributed to its stagnation. Until the middle of the last century, these countries were relatively poor. Beginning in the mid 1970?s, real GDP per capita growth has averaged 6% per year. The growth was achieved, in part, because of high levels of investment spending in the development of human and physical capital, and rapid technological progress. In the early 1990s, this region was in the middle of substantial social and economic reform. Countries in this region have experienced variable growth rates, depending on their ability to adapt to the modern market economy. In the early 20th century, this region was reasonably prosperous. Since that time, however, growth has stagnated, owing to government instability, banking failures and run-away inflation. Recently, some countries in the region have begun to grow more consistently, with one country becoming a powerhouse of world economic development. Solution Statement 1 represents the situation of Sub-Africa. The region has suffered from poverty for a long time now. Economic growth has been absent ever since they were free from colonial rulers. Statement 2 describes the situation of Asian tigers - Hong Kong, Singapore, South Korea and Taiwan. Much of growth in these countries was enabled by export led industrialization. Statement 3 describes situation of European Transition Economies where end of Socialism and integration with rest of the world took place. The growth record haven\'t been really impressive since 1990s/ Statement 4: South America suits the best here. Brazil is the nation that is becoming the powerhouse of economic development..

Please read the description below and identify which region the text .pdf

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PROBLEM Construct a polynomial function with the stated properties. R.pdf

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Problem 7: U2 has a concert that starts in 17 minutes and they must all cross a bridge to get there. All 4 men begin on the same side of the bridge. You must help them across to the other side. It is night time. There is one flashlight. A maximum of 2 people can cross at the same time. Any party who crosses, either 1 or 2 people, must have the flashlight with them. The flashlight must be walked back and forth; it cannot be thrown, etc. Each band member walks at a different speed. A pair must walk together at the i-ate of the slower man?s pace: * Bono: 1 minute to cross * Edge: 2 minutes to cross * Adam: 5 minutes to cross * Larry: 10 minutes to cross For example: if Bono and Larry walk across first, 10 minutes have lapsed when they get to the other side of the bridge. If Larry then returns with the flashlight, a total of 20 minutes have passed and you have already failed the mission. You have to get everybody in only 17 minutes! Remember that there is no trick behind this. Can you help them? No, you do not have to use group theory. Solution The trick is here to think and act. Bono and Edge crosses the bridge in two minute. They go to nearby place and gets two more flash lights in 2 minutes. Bono returns with two flash lights in 1 minute and asks Adam and Larry to take one flash light first. They take 10 minutes to cross. Total time elapsed = 2+2+1+10 = 15 Now Bono starts and crosses in one minute Thus within 17 minutes they crossed the bridge and ready for the concert..

Problem 7 U2 has a concert that starts in 17 minutes and they must a.pdf

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Problem 6 Like most civil engineering materials, asphalt concrete has upsides and downsides in terms of sustainability. The Calkins text outlines many of these in Chapter 8. Often, asphalt\'s downsides can be mitigated by alternative practices or materials Provide a discussion of one potential environmental issue related to asphalt (A)Discuss one aspect of traditional asphalt concrete that is unsustainable (environmentally, economically, etc.) (B) Discuss two potential means/methods for mitigating or eliminating the issue described in (A) Solution Asphalt concrete is extensively used to build roads. Asphalt concrete mainly contains asphalt which is used as a binder and some other aggregate of minerals. Asphalt layer is laid upon a base of gravel layer to construct a stiff and dependable road. Asphalt can be categorized into different categories depending on the laying temperature of the asphalt. advantages of asphalt :- Asphalt is used for highways having high volume of traffic. These roads are lower in cost and produce lower noise making it more suitable for regular usage with safety. It also offers higher traffic speed and is easy to repair as well disadvantages of asphalt :- However, Asphalt roads are less durable and become soft in hot weathers. Higher temperatures can soft down the asphalt binder making the roads softer. Thus a heavy load on such soft surface can deform the surface. However, very cold temperature can cause the contraction of asphalt resulting in the formation of cracks. Good maintenance can increase the durability of the roads. It also reduces the cost of repairing A and B he networks that tie our world together are indeed vast constructions, none more so than the roadways that tie our cities, towns and villages together. Roadways the world over are predominantly made of asphalt, an impervious, petroleum-based substance that includes aggregate such as sand or gravel. This same product is used in the installation of the expansive parking lots that characterize suburban development.What makes asphalt all the more problematic is the fact that water cannot pass through it. As a result, asphalt – in addition to paving the world over – not only dries out the ground below it, but gradually warms the environment in which it is used. Beyond ecological and aesthetic complexities, asphalt’s chemical makeup also represents a very real threat in both the short and long term. For one thing, asphalt has very high thermal mass properties through which it can retain heat generated from the sun. Said heat is slowly released from pavement over time, creating the heat island effect, which is responsible for increasing temperatures in some cities by as much as ten per cent relative to surrounding rural areas. Because asphalt is manufactured out of oil, moreover, it releases substantial volatile organic compounds (VOCs) during its production, including carcinogens benzene and toluene. Due to the intricate molecular structure of such compounds.

Problem 6 Like most civil engineering materials, asphalt concrete has.pdf

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Problem 6. Suppose that 2i is one of the eigenvalues of a 2 x 2 matri.pdf

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Problem 4 Find the moment of inertia about the y axis. Solution.pdf

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Problem 24 A dernetme sig with a trander function Problem 2.4 A discrete-time signal with a transfer function H1(2) is connected in a feedback configuration as shown in figure 7.7(c). The feedback loop system H2(z) consists of a simple one-sample delay. Compute the overall transfer function H(z) Solution Overall transfer function = H1(z) / 1+H1(z)H2(z) H2(z) = z-1 so H(z) = {z/(4z2-4z+2)} / [1+ 1/(4z2-4z+2)] = z / 4z2-4z+2 +1 so overall H(z) = z / 4z2-4z+3.

Problem 24 A dernetme sig with a trander function Problem 2.4 A discr.pdf

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Problem 11-13 Ratio analysis-comprehensive problenm Presented here are summarized data from the balance sheets and income statement WIPER, INC. Condensed Balance Sheets December 31, 2014, 2013, 2012 in milions) 2014 2013 2012 Current assets Other assets 677 $ 891 736 2,413 1,920 1,719 3,090 $2,811 $2,455 803 $ 710 827 918 $ 562 Current liabilities Long-term liabilities Owners equity 982 1,521 1,0071,026 $3,090$2,811$2,455 3.090 $2.811 $2,455 WIPER, INC Selected Income Statement and Other Data For the year Ended December 31, 2014 and 2013 (in millions) 2014 . : 2013 Income statement data Sales Operating income (EBIT) Interest expense Net income $3,050$2,913 310 65 187 296 84 192 Other data Average number of common shares outstanding Total dividends paid 41.3 46.7 s 50.0S52.3 Required a. Calculate returm on investment. based on net income e and average totaf assets, for 2014 and 2 Solution Return on Investment = Net Income x 100 / Average Assets. Average Assets = Assets at beginning + Assets at end For 2014: 192 x 100 / 2,950.5 = 6.5% For 2015: 187 x 100 / 2,633 = 7.1% Days’ Sales in Receivables = Average receivables / Sales / 365 309 / 3060 / 365 = 309 / 8.38 = 37 days. Debt Ratio = Total debt / Capital Employed 2014 = 2083 / 2528 = 82.4% 2013 = 1785 / 2008 = 88.9% Debt Equity Ratio = Long-term debt / Owners’ equity 2014 = 1521 / 1007 = 151% 2013 =982 / 1026 = 96% Times Interest Earned Ratio = EBIT / Total Interest Payable 2014 =296 / 84 = 3.5 times 2013 =310 / 65 = 4.8 times..

Problem 11-13 Ratio analysis-comprehensive problenm Presented her.pdf

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