SUMMIT WORK APPAREL 803 Park Two Drive Sugar Land,TX 77478 United States (800) 347-6930; (281) 933-1500 (281) 933-1760 Sales@SummitWorkApparel.com. Cash issued for share = $ 210,000 Retained Earnings $501, The following stockholders' equity accounts arranged alphabetically are in the ledger of Westin Corporation at December 31, 2015. As a newly promoted leader of a remote team, where should your primary focus be? (hint: remember that some units were repaired in the current period.) The following transactions affect stockholders' equity during 2021, National League's first year of operations: Extraordinarylossonextinguishmentofdebt, Weighted-averagenumberofsharesofcommonstockoutstanding, Claudia Bienias Gilbertson, Debra Gentene, Mark W Lehman. Common stock, $10 par, 272,000 shares issued and outstanding $2,720,000 Paid-in capital in. For example, $5.5 million should be entered as 5,500,000. James M. Wahlen, Jefferson P. Jones, Donald Pagach, Carl Warren, James M. Reeve, Jonathan Duchac, Summit Apparelhas the following accounts at December 31: Common Stock, $1 par value, 1,200,000 shares issued; Additional Paid-in Capital, $16.80 million; Retained Earnings, $9.80 million; and Treasury Stock, 48,000 shares, $1.056 million. A: a.journalize the entries to record the declaration and issuance of stock dividends. It consists of, A: Pronghorn Corporation. the labor available is 565565 hours per week. 7 oz. Common stcok = $50000 All of the following are stockholders' equity accounts except: a. Brunleigh Corporation earned net income of $200,000 this year. Common stock at the end of year= 120000*10 = 1,200,000 Summit Apparel is not responsible for any packages that are lost or returned due to an incorrect or insufficient address provided. Welcome to Summit Sportswear! Howard Corporal ion had 10,000 shares of common stock outstanding at the beginning of the year. Learn faster with spaced repetition. Prepare the stockholders' equity section of the balance sheet. When shares are, A: Solution: Common stock, A: Issue of shares is one of the important source of finance being used in business. (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? For example, $5.5 million should be entered as 5,500,000.) Once your package has been shipped, USPS is then responsible for your packages, thus becoming the buyer's responsibility. The stockholders' equity accounts of Splish Company have the following balances on December 31, 2017. A corporation reacquires 60,000 shares of its own 10 par common stock for 3,000,000, recording it at cost. Summit Apparelhas the following accounts at December 31: Common Stock, $1 par value, 1,200,000 shares issued; Additional Paid-in Capital, $16.80 million; Retained Earnings, $9.80 million; and Treasury Stock, 48,000 shares, $1.056 million. It is also known as end of period adjustment. it costs firm a $100 for each ton of pollution that it eliminates before it reaches the river, and it costs firm b $50 for each ton of pollution that it eliminates before it reaches the river. Leiker Corporation has these accounts at December 31: Common Stock, $10 par, 5,000 shares issued, $50,000; Paid-in Capital in Excess of Par Value $22,000; Retained Earnings $42,000; and Treasury Stock, 500 shares, $11,000. What effect does this transaction have on revenue or expense of the period? ), A: Given: The company has the following transactions affecting stockholders' equity in Year 1. A corporation reacquires 60,000 shares of its own 10 par common stock for 3,000,000, recording it at cost. Oct. 2 Retained, A: Shares bought back by the company is called treasury stock. Wo firms, a and b, each currently dump 50 tons of chemicals into the local river. Preparation of the stockholders equity section of the balance sheet. Common Stock $15,000,000 Additional Paid-in Capital 1,500,00, The stockholders' equity accounts of Splish Company have the following balances on December 31, 2017. Additional paid in capital =, A: The organization can raise funds for the operation song integrity by issuing common stock, preferred, A: It is the income which is available to the common shareholders per share after giving preferred, A: Commonstock(shares)=$706,500$15=47,100shares, A: Junkyard earnings = $ 446400 (Amounts to be deducted should be indicated by a min what is the total cost of reducing pollution if the firms are allowed to buy and sell permits from each other? \text {Weighted-average number of shares of common stock outstanding} & \cdots\cdots\cdots\cdots\cdots\cdots\cdots\cdots & 10,000\\ Common stock - $10 par value, 50,000 shares authorized, 20,000 shares issued and outstanding $200,000 Paid-in capital in excess of par value, common stock, The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Marigold Corp. at December 31, 2017. What is the total amount invested (total paid-in capital) by all stockholders as of August 7? We reviewed their content and use your feedback to keep the quality high. On November 30, Mountain Realty Inc. issued for cash 18,000 shares of preferred 1% stock, 10 par at 13. Total Paid-in, A: The times interest earned ratio is a ratio to measure a company's ability to pay its debt interests, A: Journal entry: Journal entry is a set of economic events which can be measured in monetary terms.. They issued $7,500 in preferred dividends for the year. Common stock = $ 34 d. Sold 20,000 shares of treasury common for 9 per share. AP Common Stock ($2 stated value) $1,600,000 Paid-in Capital in Excess of Par Valu, On January 1, 2016, Fascom had the following account balances in its shareholders' equity accounts. It is the, A: Information Provided: Nov. 5 Oct. 31 equity. Cash dividends paid on common stock during the current year totaled 1,200,000. On June 30, the board of directors of Sandals, Inc., declares a 2-for-1 stock split on its 28,000, $1 par, common shares. Prepare the stockholders' equity section of the balance sheet. a. On this date, the company has issued 12,000 shares but 2,000 shares are held as treasury shares. A: Pronghorn Corporation. Ripstop FR Inherent blendPatented Ventilated Rear Cape with FR MeshPatented FR Mesh Under Arm VentilationExtreme moisture wicking, Continues VentilationNo Chemical TreatmentDual Rated CAT 2, NFPA 2112 & NFPA 70ETwice .. Nam lacinia pulvinar tortor nec facilisis. (Stockholders' Equity Section) The number of errors in a textbook follow a poisson distribution with a mean of 0.01 errors per page. Issued 500,000 shares of common stock at 8, receiving cash. Nam risus ante, dapibus a molestie consequat, ultrices ac, ec aliquet. What is Jupiter Corporations weighted average number of shares for the year? Errol Corporation earned net income of $200,000 this year. 44,000, A: Earnings per share (EPS): The amount of net income available to each shareholder per common share, A: Given that, You'll get a detailed solution from a subject matter expert that helps you learn core concepts. he receives information from a company that customizes elegant furniture, and he wants to analyze the company's production process in order to calculate some problems about cost and availability. Prepare the stoc, Given the following information below. Common Stock ($5 stated value) - $1,707,000 ; Paid-in Capital in Ex, The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Eudaley Corporation at December 31, 2017. Finance Question Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 2,000,000 shares issued; Paid-in Capital,$18 million; Retained Earnings, $11 million; and Treasury Stock, 60,000 shares,$1.32 million. b. Kohler Corporation reports the following components of stockholders' equity on December 31. Pellentesque dapibus efficitur laoreet. Pellentesque dapibus effic, et, consectetur adipiscing elit. Higgins, Inc., has sales of $521,900, costs of $298,300, depreciation expense of $42,800, interest expense of $20,900 Common stokc $1 par value = 1700000 shares In 2009, $1,000,000 of 9% bonds, convertibl. On July 1, it issued 5,000 shares, and on September 1, it reacquired 600 shares as treasury stock. Stockholders' Equity equity. B) Maximize the amount of time you spend looking directly at the camera Bal. Identify each entry by letter. 100% FR Cotton With Silver Reflective Tape, Summit Breeze FR Vented Inherent Blend Shirt-Gray, Summit Breeze FR Vented Coverall, Inherent Blend, Lightweight 5.5 oz. Common stock, $3 par, 1,100,000 shares issued and outstanding $3,300,000 Paid-in-capital in ex, Prom Night Formal Wear has the following stockholders' equity accounts at December 31, 2018: Common Stock, $1 par value, 2,200,000 shares; Additional Paid-in Capital, $21 million; Retained Earnings, $16 million; and Treasury Stock, 50,000 shares, $1.15 mi, Prom Night Formal Wear has the following stockholders' equity accounts at December 31, 2018: Common Stock, $1 par value, 1,200,000 shares; Additional Paid-in Capital, $23 million; Retained Earnings, $. Common stock = $500,000 For example, $5.5 million should be entered as 5,500,000.) Common Stock (no par value, 89,000 shares issued and outstanding) $1,430,000 Retained Earnings 511,500 During the y, On January 1, 2014, Ven Corporation had the following stockholders' equity accounts. RTS items will be shipped within 2-5 days of purchase. Common stock, $10 par, 293,000 shares issued and outstanding $2,930,000 Paid-in capital in excess of par-Common stock $1,190,000 Retained earnings $5,310. Prepare the stockholders' equity section of the balance sheet. (Amounts to be deducted should be indicated by a minus sign. Common Stock ($12 stated value) $1,887,600 ; Paid-in Capital from Trea, On December 31, 2020, S Corporation had 100,000 shares of common stock and 20,000 shares of 8%, $100 par value cumulative preferred stock, convertible into 37,000 shares of common stocks, issued and outstanding. On April 20, Gallatin County Rocks Inc., a marble contractor, issued for cash 75,000 shares of 45 par common stock at 54, and on August 7, it issued for cash 20,000 shares of preferred stock, 10 par at 12. a. Journalize the entries for April 20 and August 7. b. See how the Phoenix metro . Discuss the advantages and disadvantages of buying and selling collectibles online. For example, $5.5 million should be entered as 5,500,000. EPS = $2,100,000/ 500,000 Description Feb. 1 Decla, On December 31, 2021, Blossom Company had 1,250,000 shares of $5 par common stock issued and outstanding. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. poly and digit have finally found the crisp-collecting culprit it turns out the jester's shoe size and hair color match the clues that were found! They issued $5,000 in preferred dividends for the year. Common Stock ($6 stated value) $2,028,000 Paid-in Capital in Exce. First week only $4.99! Summit Apparel offers quality handmade childrens clothing at affordable prices for girls & boys! Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. December 31 What is the journal entry to record the payment of the dividend? common shares issued = 100000 shares Common Stock ($20 par value, 66,000 shares issued and outstanding) $1,320,000 Paid-in Capital in Excess of Par-Common Stock $205,000 Retained Earnings $603,000 Durin, The balance sheet of Consolidated Paper, Inc., included the following shareholders' equity accounts at December 31, 2020: Paid-in capital: Preferred stock, 7.5%, 98,000 shares at $1 par $98,000 Common stock, 484,800 shares at $1 par $484,800 Paid-in capit, On January 1, 2017, Dingler Corporation had the following stockholders? Capital, $16.20 million; Retained Earnings, $9.20 million; and Treasury Stock, 42,000 shares, $0.924 million. Solutions Verified Solution A Solution B Kindly find the attachment below: This site is using cookies under cookie policy . Prepare the stockholders' equity section of the balance sheet. They issued $7,500 in preferred dividends for the year. The preparation of the statement of stockholders equity is presented in the spreadsheet. \text {Extraordinary loss on extinguishment of debt} & \cdots\cdots\cdots\cdots\cdots\cdots\cdots\cdots &\$ (8,750)\\ the fit for a king furniture company requires 2020 hours of labor to produce a standard table, and a chair requires 1212 hours of labor. (Amounts to be deducted should be indicated by a minus sign. jan. 22 January 1 Issues 600 shares of common stock for $46 per share. They are summarized as follows: a. You will receive an answer to the email. In return for their with optimizing his painting project, the castle servant informed poly and digit that he saw someone dressed as the king leaving behind a trail of crumbs as he walked into the jester's room late last night. ), 7). Nam lacinia pulvinar tortor nec facilisis. Nam risus ante, dapibus a molestie consequat, ultrices, Explore over 16 million step-by-step answers from our library, cing elit. The garage you work for as an auto mechanic measures 230 ft. by 150 ft and handles 69 cars. Nam lacinia pulvinar tortor nec facilisis. (Amounts to be deducted should be indicated by a minus sign. The company began the year with 10,000 shares of common stock and issued 5,000 more on April 1. Credit The following selected accounts appear in the ledger of EJ Construction Inc. at the beginning of the current fiscal year: During the year, the corporation completed a number of transactions affecting the stockholders equity. ), Intermediate Accounting: Reporting And Analysis. 1,000,000 common shares (stated value of $0.25) issued at $1.20 Common stock, $10 par value, 200,000 shares authorized; 80,000 shares issued and outstanding $800,000 Paid-in capital in, On January 1, 2019, Cullumber Company had the following stockholders' equity accounts. Number of preferred stock =. Prepare the stockholders' equity, The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Marvel Corporation at December 31, 2014. Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,800,000 shares issued; Additional Paid-in Capital, $16.20 million; Retained Earnings, $9.20 million; and Treasury Stock, 42,000 shares, $0.924 million. Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 2,000,000 shares issued; Additional Paid-in Capital, $18 million; Retained Earnings, $11 million; and Treasury Stock, 60,000 shares, $1.32 This problem has been solved! Prepare the stockholders' equity section of the balance sheet. What is the total amount invested (total paid-in capital) by all stockholders as of August 7? Donec a, View answer & additonal benefits from the subscription, Explore recently answered questions from the same subject, Explore documents and answered questions from similar courses, Explore recently asked questions from the same subject. Common stock, $1 par, 258,000 shares issued 258,000 Paid-in capital - excess of par, common 516,000, Whispering Winds Corp. has these accounts at December 31: Common Stock, $12 par, 6,100 shares issued, $73,200; Paid-in Capital in Excess of Par Value $19,600; Retained Earnings $44,600; and Treasury S, On January 1, 2017, Ven Corporation had the following stockholders' equity accounts. Debit Answer is not complete. The company pays the dividend on December 14. Dec. 1 g. Paid the cash dividends. Common stock, $10 par, 272,000 shares issued and outstanding $2,720,000 Paid-in capital in excess of par common stock 1,190,000 Retained earnings 5,380,0, The following stockholder's equity accounts arranged alphabetically are in the ledger of Alpers Corporation on December 31, 2017. , ng processes the team must follow in making decisions This surplus money is usually invested back into the business to expand its business operations or launch a new product. A ledger is an account that provides information on all the transactions that have taken place during a particular period. \end{array} Orders can not be changed after receiving payment. (c) what analysis issues must we consider with respect to reported warranty liabilities? 0 On January 1, 2014, Ven Corporation had the following stockholders' equity accounts. g. Paid the cash dividends. Prepare the stockholders' equity section of the balance sheet. 10% cumulative preferred stock, $100 par, 109,132 shares $10,913,200 ; Common stock, $5 par, 4,099,860 shares 20,499,3, Kingbird Company has the following stockholders' equity accounts at December 31, 2017. What effect does this transaction have on revenue or expense of the period? You'll get a detailed solution from a subject matter expert that helps you learn core concepts. Howard Corporal ion had 10,000 shares of common stock outstanding at the beginning of the year. 2014. Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,800,000 shares issued; Additional Paid-in Capital, $16.20 million; Retained Earnings, $9.20 million; and Treasury Stock, 42,000 shares, $0.924 million. The company began the year with 600 shares of common stock and issued 500 more on April 1. Goldfinger Corporation had account balances at the end of the current year as follows: sales revenue, 29,000; cost of goods sold, 12,000; operating expenses, 6,200; and income tax expense, 4,320. 100% FR Cotton With Silver Reflective Tape . A) empowering your team to make their own decisions Enter your answer in dollars, not millions. = 65000 x $5 = $325,000, A: Total amount invested (total paid in capital) = Total common stock capital + Total preferred stock. Net income, 95,400 Common stock dividends declared, 32,000 Retained earnings, January 1, 122,250. ), acinia pulvinar tortor nec facilisis. equity accounts. Features: A: The following entries are journalized for Ergonomics Incorporation. . Duri. The following transactions affect stockholders' equity during 2021: National League Gear has two classes of stock authorized: 6%, $20 par preferred, and $5 par value common. Study Chapter 10 flashcards from Kristen Graves's class online, or in Brainscape's iPhone or Android app. A corporation reports the following stockholders' equity as of December 31, 2008. Ripstop Reflective Tape, Summit Breeze Vented Back Button Front Shirt. December 31 What is the journal entry to record the payment of the dividend? Please double check your address before completing your order! Features: 100% FR CottonPatented Ventilated Rear Cape with FR MeshPatented FR Mesh Under Arm VentilationExtreme moisture wicking, Continues VentilationDual Rated CAT 2, NFPA 2112 & NFPA 70E2 Chest Pockets w/ Snap and Flap ClosureDouble Sti.. Common stock, $1 par, 254,000 shares issued 254,000 Paid-in capital excess of par, common 508,000 P, Given the following information below. ), Extraordinarylossonextinguishmentofdebt$(8,750)Lossfromcontinuingoperations(19,470)Incomefromdiscontinuedoperations12,000Preferredstockdividendrequirements(3,100)Weighted-averagenumberofsharesofcommonstockoutstanding10,000\begin{array}{|cc} The company began the year with 600 shares of common stock and issued 500 more on April 1. The ranking of difficulty for Valley golf courses is based on the U.S. Prepare the stockholders equity section of the balance sheet. Pellentesque dapibus efficitur laoreet. The company has 100,000 shares of common stock outstanding as of the beginning of Year 1. d. Sold 20,000 shares of treasury common for 9 per share. Treasury stock is deducted from the, A: SHAREHOLDER' EQUITY IS AN ACCOUNT ON COMPANY'S BALANCE SHEET THAT CONSIST OF TOTAL SHARE CAPITAL, A: Common Shares- For example, $5.5 million should be entered as 5,500,000.) The stockholders' equity section is that part of the balance sheet which shows all the authorized and issued stock of the company. Common stock, $1 par, 250,000 shares issued 250,000 Paid-in capital?excess of par, common 500,000, Pine Corporation has the following accounts of December 31: Common Stock, $12 par, 5,100 shares issued $61,200 Paid-in Capital in Excess of Par Common Stock $34,400 Retained Earnings $48,500 Treasury Stock, 460 shares $9,200 Prepare the stockholder's equi, On January 1, 2020, Crone Corporation had the following stockholders' equity accounts. Common Stock $9,695,000 Additional Paid-in Capital $1,735,000 Retained Earnings, The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Eudaley Corporation at December 31, 2014. Study the definition and the components of stockholder equity, and the stockholder's equity statement. Preferred stock, $50 par, 10% cumulative, 100,000 shares authorized, 90,000 shares issued $4,500,000 Paid-in capital in excess of par-common 945,000 Common stock, $10 par, Charlatans Corporation had the following stockholders' equity accounts at December 31. a. EPS = Net income / Out standing equity shares Use left/right arrows to navigate the slideshow or swipe left/right if using a mobile device. Common stock, A: Issue of shares is one of the important source of finance being used in business. government officials are not sure whether to allow the firms to buy or sell the pollution permits to each other. A: A. Choosing a selection results in a full page refresh. When a company overestimates its tax liability, this results in the business paying a prepaid tax. Prepare the stockholders' equity section of the balance sheet. Pellentesque dapibus efficitur laoreet. Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 2,000,000 shares issued; Paid-in Capital, $18 million; Retained Earnings, $11 million; and Treasury Stock, 60,000 shares, $1.32 million. b. A: Given: All rights reserved. Common Stock ($10 stated value) $5,000,000 ; Paid-in Capital in Excess o, The following stockholders' equity accounts arranged alphabetically are in the ledger of Westin Corporation at December 31, 2015. Common stock, $10 par, 272,000 shares issued and outstanding $2,720,000 Paid-in capital in excess of par-common stock 1,190,000 Retained earnings 5,38, The stockholders' equity accounts of Headland Company have the following balances on December 31, 2017. Record journal entries for October 31 and November 19 as shown below: A: Common stock and Preferred stock are two type of shares issued by the company. Pr, Holiday Company prepared the following stockholders' equity section of its balance sheet on December 31. Common stock What should you do? Cash (73,600*55) = 75000 $15 Divine Apparel has 4000 shares of common stock outstanding. 45,000 shares issued and outstanding Paid-in capital in excess of par value, common stock: 60,000 Re. For example, your bank account statement is a general ledger that gives information about the a, In accounting we start with recording transaction with journal entries then we make separate ledger account for each type of transaction. A) Dress casually to make the one-on-one conver Which term is not associated with brass instruments? C) View your own actions in the same way that you evaluate whether or not someone else is displaying authenticity. Total Stockholders' Equity, Carl Warren, James M. Reeve, Jonathan Duchac, James M. Wahlen, Jefferson P. Jones, Donald Pagach, Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,800,000 shares issued; Additional Paid-in Capital, $16.20 million; Retained Earnings, $9.20 million; and Treasury Stock, 42,000 shares, $0.924 million. Summit Apparel has the following accounts of December 31: Common Stock, $1 par value, 2,000,000 shares issued; Additional Paid-in Capital, $18 million; Retained Earnings, $11 million; and Treasury Stock, 60,000 shares, $1.32 million. Nam lacinia pulvinar tortor nec facilisis. e. Sold 5,000 shares of treasury common for 6 per share. A review of the ledger of Larkspur, Inc. at December 31, 2022, produces the following data pertaining to the preparat Q: . of shares issued x pr value per share Description Additional paid in capital =, A: The organization can raise funds for the operation song integrity by issuing common stock, preferred, A: It is the income which is available to the common shareholders per share after giving preferred, A: Junkyard earnings = $ 446400 Preferred stock 6%, $120 par, cumulative $1,170,000 Common stock $1.30 par value 300,000 Paid-in capital in excess of par, common stock 1,200,000 Retained, Context Corporation reports the following components of shareholders' equity on December 31, 20X3: Common stock - $10 par value; 50,000 shares authorized 20,000 shares issued and outstanding $200,00, The following stockholders' equity accounts, arranged alphabetically, are in the ledger of Pinkston Corporation at December 31, 2014. the problem is that these printers cost ten times more than a regular printer, so it is difficult to get prospective buyers to understand the cost savings of buying it. Additional Paid in Capital Common Stock Prepare a stockholders equity section. Thank you for shopping small, your support means the world to me! Common stock = $500,000 Electra Manufacturing, Inc., produces control valves used in the production of oil, Indicate whether each of the following transactions increases (+), decreases (), or, The financial statements of Colorado Outfitters include the following selected data ($. d. Capital Stock. Labour leader Sir Keir Starmer this morning described Sue Gray as a woman with a "formidable reputation" as he faces pressure to explain the circumstances of her job offer. Which of the following is a reason to join an interest group? Round to one decimal place, except earnings per share, which should be rounded to two decimal places. = 65000 x $5 = $325,000, A: Total amount invested (total paid in capital) = Total common stock capital + Total preferred stock, A: Earnings per share(EPS): At December 31, 2014, the following accounts were included in stockholders? 10,000 preferred shares (par, A: Weighted average no of shares = The market price of Sandals common stock is $33 on June 30. Prepare the stockholders' equity section of the balance sheet. b. They issued $5,000 in preferred dividends for the year. On July 1, it issued 5,000 shares, and on September 1, it reacquired 600 shares as treasury stock. Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,300,000 shares issued; Additional Paid-in Capital, $16.70 million; Retained Earnings, $9.70 million; and Treasury Stock, 47,000 shares, $1.034 million. When shares are, A: Paid in Capital Common Stock will consist of preferred and common stock in total. Sarah salesrep is brand new to her job selling "lifetime" printers that never need replacement ink cartridges. A) Ask your team members in a b. group meeting whether they believe you are being authentic in your interactions with them. Flint Corporation has these accounts at December 31: Common Stock, $10 par, 6,400 shares issued, $64,000; Paid-in Capital in Excess of Par Value $19,900; Retained Earnings $44,900; and Treasury Stock, Common stock (2,000,000 shares issued @$1 per share). My Account; Order History; Wish List; Gift Certificates; Affiliates; Site Map; Terms & Conditions . The stockholders' equity accounts at December 31, 2010, had the following balances. Lightweight 5.5 oz. (Dollar figures and shares of stock are in thousands. Summit Apparel has the following accounts at December 31: Common Stock, $1 par value, 1,200,000 shares issued; Additional Paid-in Capital, $16.80 million; Retained Earnings, $9.80 million; and Treasury Stock, 48,000 shares, $1.056 million. Enter your answer in dollars, not millions. 2015: Common stock-$15 par value.100.000 shares authorized. Preferred Stock, Hatch Company has two classes of capital stock outstanding: 8%, $20 par preferred and $5 par common. Date Calculate the amount of cash received What is the weighted average number of common shares Howard will use in computing its earnings per share? Common stock outstanding = 54000 shares It is the, A: Information Provided: Select two ways of becoming a business owner. Oct. 25 Kohler Corporation reports the following components of stockholders equity on December 31, 2015: Common stock-$15 par value, 100,000 shares authorized, 50,000 shares issued and outstanding $750,000 Paid-in capital in excess of par value, common stock 70, Kohler Corporation reports the following components of stockholders' equity on December 31, 2016: Common stock-$15 par value, 100,000 shares authorized, 55,000 shares issued and outstanding $825,000 Paid-in capital in excess of par value, common stock $70, The balance sheet of Consolidated Paper, Inc., included the following shareholders' equity accounts on December 31, 2015: Particulars Amount Paid-in capital: Preferred stock, 8.8%, 87,000 shares at $1 par $87,000 Common stock, 373,700 shares at $1 par $3, On January 1, 2017, Geffrey Corporation had the following stockholders' equity accounts.