The stockholders' equity section on the December 31, 2012,balance sheet of Chemfast Corporation reported the followingamounts: Contributed Capital Preferred Stock (par $20; authorized10,000 shares, ? issued, of which 1,000 shares are held as treasurystock) $ 88,000 Additional Paid-in Capital, Preferred 10,340 CommonStock (no-par; authorized 20,000 shares, issued and outstanding5,200 shares) 478,400 Retained Earnings 22,000 Treasury Stock,1,000 Preferred shares at cost 9,100 Assume that no shares oftreasury stock have been sold in the past. Required: Complete thefollowing statements. (Amounts to be deducted should be indicatedby a minus sign. Round "per share values" to 2 decimal places.)
Complete the following statements. (Amounts to bededucted should be indicated by a minus sign. Round "per sharevalues" to 2 decimal places.)
The number of shares of perferred stock issuedwas
The number of shares of perferred stock outstandingwas
The average issue price of the preffered stockwas
The average issue price of the common stockwas
The treasurey stock transaction increased or decreasedstock equity by
The treasury stock cost
Total stockholders equity is
The stockholders' equity section on the December 31, 2012,balance sheet of Chemfast Corporation reported the followingamounts: Contributed Capital Preferred Stock (par $20; authorized10,000 shares, ? issued, of which 1,000 shares are held as treasurystock) $ 88,000 Additional Paid-in Capital, Preferred 10,340 CommonStock (no-par; authorized 20,000 shares, issued and outstanding5,200 shares) 478,400 Retained Earnings 22,000 Treasury Stock,1,000 Preferred shares at cost 9,100 Assume that no shares oftreasury stock have been sold in the past. Required: Complete thefollowing statements. (Amounts to be deducted should be indicatedby a minus sign. Round "per share values" to 2 decimal places.)
Complete the following statements. (Amounts to bededucted should be indicated by a minus sign. Round "per sharevalues" to 2 decimal places.)
The number of shares of perferred stock issuedwas
The number of shares of perferred stock outstandingwas
The average issue price of the preffered stockwas
The average issue price of the common stockwas
The treasurey stock transaction increased or decreasedstock equity by
The treasury stock cost
Total stockholders equity is
Related questions
| The following account balances were selected from the records of beverage maker Blake Corporation at December 31 after all adjusting entries were completed: |
| Common stock (par $15; authorized 100,000 shares, issued 44,000 shares, of which 1,000 shares are held as treasury stock) | $ | 660,000 | |
| Additional paid-in capitalâcommon stock | 189,000 | ||
| Dividends | 37,000 | ||
| Retained earnings, beginning of year | 85,000 | ||
| Treasury stock at cost (1,000 shares) | 20,000 | ||
| Net income for the year was $61,500. |
| Required: |
| 1-a. | Prepare the statement of retained earnings for the year ended December 31. |
| 1-b. | Prepare the stockholdersâ equity section of the balance sheet at December 31. (Amounts to be deducted should be indicated by a minus sign.) |
| 2. | Determine the number of shares of stock that received dividends. |
| 3. | Compute the ROE ratio for the current year, assuming total stockholdersâ equity was $638,000 on December 31 of the previous year. (Round your answer to 1 decimal place.) |
The following account balances were selected from the records ofbeverage maker Blake Corporation at December 31 after all adjustingentries were completed: |
| Common stock (par$15; authorized 100,000 shares, issued 40,000 shares, of which 1,200 shares are held astreasury stock) | $ | 600,000 | |
| Additional paid-incapitalâcommon stock | 185,000 | ||
| Dividends | 33,000 | ||
| Retained earnings,beginning of year | 81,000 | ||
| Treasury stock atcost (1,200 shares) | 24,000 | ||
| Net income for the year was $55,500. Prepare the statement of retained earnings for the year endedDecember 31.
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Determine the number of shares of stock that receiveddividends.
Compute the ROE ratio for the current year, assuming totalstockholdersâ equity was $634,000 on December 31 of the previousyear. (Round your answer to 1 decimal place.) |
