The charter of a corporation provides for the issuance of 138,000 shares of common stock. Assume that 54,000 shares were originally issued and 13,100 were subsequently reacquired. What is the number of shares outstanding?
Q: The charter of a corporation provides for the issuance of 91,724 shares of common stock. Assume that…
A: When shares are reacquired, the dividends are not required to be paid on such stocks.
Q: The articles of incorporation were received, authorizing Reverse Corporation to issue 100,000 shares…
A: Ordinary shares refer to the equity share capital of the company. If the company issues its ordinary…
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: Early in the year Bill Sharnes and several friends organized a corporation called Sharnes…
A: Journal entries means writing down the transaction that takes place in a business, in the journal of…
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: A corporation is authorized to issue 15,000 ordinary shares with a par value of P 100 per share.…
A: Treasury stock: Shares which are bought back by the company from the open market but not retired…
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: Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10…
A: Organization Expenses are the expenses incurred by the company at the time of formation of the…
Q: the total number of outstanding shares of West Corporation amounts to?
A: Given information is: If West Corporation has 80,000 ordinary shares authorized, has 50,000 ordinary…
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: A corporation was organized on January 1 of the current year, with an authorization of 20,000 shares…
A: Total fair market prices of assets = Land + Building + Equipment = $65000 + 120000 + 45000 =…
Q: 11. Outstanding shares are the a. number of shares that have been distributed to shareholders. b.…
A: Hey there since multiple questions are posted only the first three questions will be answered.…
Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…
A: The dividend will not be paid for reacquired shares/treasury shares
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 charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume…
A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…
Q: A corporation is authorized to issue 60,000 shares of $30 common stock, the corporation should…
A: Authorized capital is the maximum number of shares that a company can issue. Paid-in capital is the…
Q: The charter of a corporation provides for the issuance of 95,735 shares of common stock. Assume that…
A: Formulas: Cash dividend = Out standing shares * Dividend per share Cash dividend =(Shares issued -…
Q: The charter of a corporation provides for the issuance of 114,615 shares of common stock. Assume…
A: Note: Dividend is paid on the number of shares issued and outstanding. Number of shares issued and…
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: What is the number of shares outstanding?
A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…
Q: Torey Corporation was organized on April 1, with an authorization of 25,000 shares of six percent,…
A: Introduction: Paid in capital in excess of PAR: Shares issued more than PAR value. Th excess of PAR…
Q: Use the following information to answer questions 30 and 31. When Calvert Corporation was formed on…
A: Cash received on issue of 8000 shares at $25 = 8000×$25 =$200000
Q: The corporate charter of Carla Vista Corporation allows the issuance of a maximum of 30,800,000…
A: Introduction:- The Following Basic Information as follows under:- Carla Vista Corporation allows…
Q: The charter of a corporation provides for the issuance of 94,546 shares of common stock. Assume that…
A: Dividend is paid on the shares outstanding. Shares outstanding = 41,432 - 3,112 = 38,320 shares
Q: The state charter allows a corporation to issue only a certain number of shares of each class of…
A: Note: “Since you have asked multiple questions, we will solve the first question for you. If you…
Q: shares were originally issued and 13,800 were subsequently reacquired. What is the number of shares…
A: Common stock is the most common type of stock that is issued by the stockholders. It qualifies…
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 (articles of incorporation) provides for the issuance of 100,000 shares…
A: Authorised shares are the maximum number of shares that a company is authorised to issue. Company…
Q: A corporation was organized on January 1 of the current year with an authorization of 20,000 shares…
A: Given : Preferred stock par value = $ 12 Common stock par value = $ 3
Q: Early in the year Bill Sharnes and several friends organized a corporation called Sharnes…
A: Part (a) In the Books of S Coporporation Inc Journal Entries In($) Date Particulars…
Q: The charter of a corporation provides for the issuance of 109,000 shares of common stock. Assume…
A: Given, Shares issued = 55,000 Shares reacquired = 12,900
Q: A corporation was organized on January 1 of the current year, with an authorization of 20,000 shares…
A: Common Stock and preferred stock are two type of shares issued by the company. Any amount received…
Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…
A: Number of shares outstanding are computed by deducting the number of shares reacquired from total…
Q: he charter of a corporation provides for the issuance of 99,542 shares of common stock. Assume that…
A: Given that: Total authorised shares = 99,542 shares Original issued shares = 39624 shares Reacquired…
Q: The charter of a corporation provides for the issuance of 114,000 shares of common stock. Assume…
A: Equity share capital refers capital which is raised by a corporation by offering shares.
Q: During its first year of operations, Eastern Data Links Corporation entered into the following…
A: Given information is: During its first year of operations, Eastern Data Links Corporation entered…
Q: The charter of a corporation provides for the issuance of 120,000 shares of common stock. Assume…
A: Authorized share capital is the number of stock units (shares) that a corporation can issue as…
Q: The charter of a corporation provides for the issuance of 95,662 shares of common stock. Assume that…
A: Dividend:-It is a form of profit which shareholder received in return of their investment made in…
Q: Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10…
A: The journal entry for the given transaction would be Organization expense Dr $ 4800 Common…
Q: The charter of a corporation provides for the issuance of 114,964 shares of common stock. Assume…
A: Cash dividends: The amount of cash provided by a corporation out of its distributable profits to its…
Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…
A: Outstanding shares for dividend = originally issued - reacquired shares Outstanding shares = 45000 -…
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: The charter of a corporation provides for the issuance of 117,000 shares of common stock. Assume…
A: Shares means the acknowledgement issued by company signifying the holder to be the owner or share…
Q: A corporation was organized on January 1 of the current year, with an authorization of 10,000 shares…
A: When shares are issued for a consideration other than cash, then fair value of shares has to be…
Q: The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume…
A: Stock: A kind of investment that are made by the investors, in order to get more returns is…
Q: The XYZ Corporation was duly organized on July 10. Its certificate of incorporation provides for…
A: XYZ Corporation was duly organized on July 10. Authorized capital = $1 million Which consists of…
Q: The company is granted a charter that authorizes issuance of 15,000 shares of $100 par value…
A: Journal entry refers to any entry which is made to record the transactions which are financial in…
The charter of a corporation provides for the issuance of 138,000 shares of common stock. Assume that 54,000 shares were originally issued and 13,100 were subsequently reacquired. What is the number of shares outstanding?
Trending now
This is a popular solution!
Step by step
Solved in 2 steps with 1 images
- Authorized stock represents the: number of shares that are currently held by stockholders. number of shares that have been sold. number of shares that have been repurchased by the corporation. maximum number of shares that can be issued.The charter of a corporation provides for the issuance of 114,000 shares of common stock. Assume that 51,000 shares were originally issued and 6,800 were subsequently reacquired. What is the number of shares outstanding?The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that the 30,000 shares were originally issued and 5000 shares were subsequently reacquired. What is the number of shares outstanding??
- The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume that 59,000 shares were originally issued and 5,100 were subsequently reacquired. What is the number of shares outstanding? Select the correct answer. 64,100 59,000 53,900 5,100The charter of a corporation provides for the issuance of 106,635 shares of common stock. Assume that 42,957 shares were originally issued and 4,364 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared?The charter of a corporation provides for the issuance of 104,020 shares of common stock. Assume that 35,959 shares were originally issued and 3,317 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared?
- The charter of a corporation provides for the issuance of 105,588 shares of common stock. Assume that 41,103 shares were originally issued and $4,863 were subsequentially reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared?The charter of a corporation provides for the issuance of 103,000 shares of common stock. Assume that 42,000 shares were originally issued and 4,900 were subsequently reacquired. What is the number of shares outstanding? a. 4,900 b. 37,100 c. 42,000 d. 46,900The charter of a corporation provides for the issuance of 136,000 shares of common stock. Assume that 65,000 shares were originally issued and 11,800 were subsequently reacquired. What is the number of shares outstanding? a. 53,200 b. 136,000 Oc. 65,000 Od. 11,800
- The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume that 49,000 shares were originally issued and 6,200 were subsequently reacquired. What is the number of shares outstanding? O. 42,800 0 55,200 O 6.200 Od 49,000The charter of a corporation provides for the issuance of 105,000 shares of common stock. Assume that 63,000 shares were originally issued and 12,600 were subsequently reacquired. What is the number of shares outstanding? Оа. 50,400 Оb. 63,000 Oc. 12,600 Od. 105,000 Previous NextThe charter of a corporation provides for the issuance of 10,000 shares of common stock. Assume that 60,000 shares were originally issued and 10,000 were subsequently required. What is the amount of cash dividends to be paid if a $2/ per share dividend is declared?