The following data were reported by a corporation: Authorized shares 20,000 Issued shares 15,000 Treasury shares 3,000 The number of outstanding shares is: O 12,000 O 17,000 O 15,000
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A: The 3,554 shares reacquired are called treasury shares. Treasury shares are not entitled to…
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Q: Question 5 The following data were reported by a corporation Authorized shares 20,000 Issued shares…
A: Treasury shares are share reacquired by issuing company. They will not form part of Outstanding…
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…
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A: Treasury stock: Shares which are bought back by the company from the open market but not retired…
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A: SOLUTION- STOCK DIVIDEND IS A TYPE OF DIVIDENDS THAT ISSUED TO SHAREHOLDERS IN TERMS OF SHARES.
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: If a corporation issues 6,000 shares of $5 par value common stock for 89,000 the journal entry would…
A: Total par value of Common Stock = No. of Common Stock issued x par value per share = 6000 x $5 =…
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A: Authorized shares are the number of shares that a company is legally allowed to issue.
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A: Preferred shares are nonparticipating means they will receive only pre fixed dividend. Noncumulative…
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A: Formula: Cash dividends = Number of outstanding shares x Dividend per share. Multiplying dividend…
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A: Formula: Total dividends = Number of Outstanding shares x Dividend per share
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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 100,000 shares of common stock. Assume…
A: Number of shares issued = No. of shares issued - No. of shares reaquired
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A: Earnings per share = (Net income - Preferred dividend) / Weighted average outstanding shares
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A: Treasury stock is also known as reacquired stock. It is brought back by issuing company to reduce…
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A: The shareholders equity section shows the total equity relating to shareholders.
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A: Legal capital = $80,000
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A: Equity share capital refers capital which is raised by a corporation by offering shares.
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A: Outstanding shares for dividend = originally issued - reacquired shares Outstanding shares = 45000 -…
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A: Total value of treasury stock = No. of treasury shares x value per share = 2000 x $24 = $48,000
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A: a. The book shows a balance of common stock of $69,000. The number of shares issued is calculated…
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- The company Flextseel provided the following information: Number of issued common shares 900,000 Net income $1,000,000 Number of authorized common shares 1,000,000 Weightrd average number of outstanding common shares, 800,000 Number of treasury shares, 100,000 How much is earnings per share (EPS)? $1.25 $1.43 $1.00 $1.11The charter of a corporation provides for the issuance of 116,962 shares of common stock. Assume that 44,382 shares were originally issued and 3,124 were subsequently reacquired. What is the amount of cash dividends to be paid if a $3 per share dividend is declared? Oa. $123,774 Ob. $9,372 Oc. $133,146 Od. $350,886The charter of a corporation provides for the issuance of 113,026 shares of common stock. Assume that 37,231 shares were originally issued and 3,999 were subsequently reacquired. What is the amount of cash dividends to be paid if a $4 per share dividend is declared? Oa. $15,996 Ob. $148,924 Oc. $452,104 Od. $132,928 Previous Next
- The 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. 11,800The charter of a corporation provides for the issuance of 93,872 shares of common stock. Assume that 44,236 shares were originally issued and 3,223 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? Oa. $3,223 Ob. $93,872 Oc. $44,236 Od. $82,026H7. The charter of a corporation provides for the issuance of 147,000 shares of common stock. Assume that 55,000 shares were originally issued and 11,500 were subsequently reacquired. What is the number of shares outstanding? a. 43,500 b. 55,000 c. 147,000 d. 11,500 Please show all step by step calculation
- Treasury shares represent the ______________________ a. Number of previously issued shares that have been repurchased by the corporation. b. Number of shares that are currently held by shareholders c. Number of shares that the corporation sold d. Maximum number of shares that the corporation can sellA corporation has the following account balances: Common stock, $1 par value, $42000; Paid-in Capital in Excess of Par, $730000. Based on this information, the O number of shares outstanding is 772000. O legal capital is $772000. O number of shares issued is 42000. O average price per share issued is $6.96.The charter of a corporation provides for the issuance of 95,106 shares of common stock. Assume that 36,768 shares were originally issued and 3,554 were subsequently reacquired. What is the amount of cash dividends to be paid if a $3 per share dividend is declared? a. $285,318 b. $99,642 c. $10,662 d. $110,304
- The following partial information is taken from the comparative balance sheet of Levi Corporation: Shareholders’ equity 12/31/2021 12/31/2020 Common stock, $5 par; 36 million shares authorized; 31 million sharesissued and 26 million shares outstanding at 12/31/2021; and ____million sharesissued and ____shares outstanding at 12/31/2020. $ 155 million $ 130 million Additional paid-in capital on common stock 523 million 401 million Retained earnings 192 million 160 million Treasury common stock, at cost, 5 million shares at 12/31/2021 and 2 millionshares at 12/31/2020 (85 million) (48 million) Total shareholders’ equity $ 785 million $ 643 million What was the average price of the additional treasury shares purchased by Levi during 2021? (Round your answer to 2 decimal places.)The charter of a corporation provides for the issuance of 114,615 shares of common stock. Assume that 41,097 shares were originally issued and 3,520 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared? a.$75,154 b.$3,520 c.$114,615 d.$41,097A corporation has the following account balances: Common Stock. $1 par value, $80000; Paid-in Capital in Excess of Par Value, $2710000. Based on this information, the O average price per share issued is $3.49. O number of shares issued is 80000 O number of shares outstanding is 2790000. O legal capital is $2790000.