On January 1, 20X5, Solace Medical Corp. (SMC) has 85,000 common shares outstanding. The following transactions, affecting the share structure, occurred during the year: • April 1: SMC issued 52,000 common shares. • July 1: SMC issued a 25% stock dividend. • September 1: SMC issued a 2-for-1 stock split. • October 1: SMC repurchased and cancelled 35,000 common shares. What is the weighted average number of shares outstanding (WASO) as at December 31, 20X5?

Q: occurred during 20x3: a. Issued 180,000 shares to key employees as compensation for their past…

A: The number of a company's stock that is currently held by all of its shareholders, including…

Q: During its first year of operations, Cullumber Company had the following transactions pertaining to…

A: Total cash received on Jan. 10 = No. of shares issued x pr value per share = 65000 x $5 = $325,000

Q: During its first year of operations, LEBANON COMPANY entered into the following transactions…

A: Ordinary shares or common shares are stocks sold on a public exchange by a company. It gives the…

Q: Q. question 4

A: Prepare entry for reselling the shares.

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A:

Q: At the beginning of the current year, Hardin Company had 20,000 shares of $10 par common stock…

A: Weighted average shares outstanding is a number of shares of the company after incorporating…

Q: During the year, BFAR Corp. completed the following transactions related to its treasury shares:…

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Q: During its first year of operations, LEBANON COMPANY entered into the following transactions…

A: Equity Capital - Share capital and equity finance are other names for equity capital. It is referred…

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Q: At December 31, 19x4, Back Company had 350,000 shares of common stock outstanding. On September 1,…

A: Note: Since we are entitled to answer only one question, we’ll answer the second question because to…

Q: Axle Corporation had 800,000 shares of common stock issued and outstanding at January 1. No commons…

A: Diluted Earning Per Share: The diluted earnings per share (diluted EPS) of a corporation is…

Q: When Crossett Corporation was organized in January Year 1, it immediately issued 4,700 shares of $48…

A: Dividend Arrearage = Preference Share amount per share * No. of share preference shares issued *…

Q: During its first year of operations, the McCollum Corporation entered into the following…

A: Journal entry for issue of shares:

Q: During its first year of operations, Collin Raye Corporation had the following transactions…

A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…

Q: 2. Homework Chapter 10

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Q: DEF Co. earned income of $750,000 for the fiscal year ended Dec 31. At the beginning of that year…

A: Earning Per Share (EPS) represents the net income that each common shareholder is earning from the…

Q: On October 3, Valley Clothing Inc. reacquired 10,000 shares of its common stock at $9 per share. On…

A: Working Notes: Treasury stock=Number of shares×Per share=10,000×$9=$90,000

Q: On February 22, Stewart Corporation acquired 12,000 shares of the 400,000 outstanding shares of…

A: Under cost method, Investment is recorded  along inclusive of any expenses incurred to acquire.…

Q: On February 1, Motorsports Inc. reacquired 7,500 shares of its common stock at $30 per share. On…

A:

Q: During its first year of operations, Eastem Data Links Corporation entered into the following…

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Q: On February 22, Stewart Corporation acquired 12,000 shares of the 400,000 outstanding shares of…

A: a.

Q: CFAS Corporation was organized on January 1, with an authorization of 1,000,000 ordinary shares with…

A: share premium account is created when there is the difference in the par value or face value of the…

Q: At the beginning of 20X1, the accounting records of Friends Corp. reported the following: Preferred…

A: Journal entry is a record of financial transactions in the books of accounts of a business. It…

Q: Elroy Corporation repurchased 2,500 shares of its own stock for $35 per share. The stock has a par…

A: Treasury shares are those shares which are being repurchased by the company from its own…

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A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: During its first year of operations, LEBANON COMPANY entered into the following transactions…

A:

Q: a. Prepare all of the necessary journal entries to record the events described above.b. Prepare the…

A: Requirement a:   Pass all of the necessary journal entries to record the events.

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A: “Since you have asked multiple question, we will solve the first question for you. If you want any…

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Q: On December 2, Coley Corp. acquired 1,500 shares of its $3 par value common stock for $20 each. On…

A: Solution: Cost of treasury stock resold = 1100*$20 = $22,000

Q: On February 14, Marine Company reacquired 7,500 shares of its common stock at $30 per share. On…

A: Treasury stock is the reacquired shares by the company. The company has the right to reissue these…

Q: On January 1, Vermont Corporation had 49,400 shares of $11 par value common stock issued and…

A: On february 1,vermont purchased treasury stock for $ 24 and on march 1 it sold treasury stock for…

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A: Tje journal entries are prepared to keep the record of day to day transactions of the business.

Q: On April 1, Kang Corporation purchased back 250 shares of $1 par value common stock for $20 per…

A: Treasury stock: When shares are purchased from the open market by the company then these shares are…

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Q: On February 22, Triangle Corporation acquired 34,000 shares of the 500,000 outstanding common stock…

A: Journal entry: A journal entry is used to record day-to-day transactions of the business by debiting…

Q: On January 1, Vermont Corporation had 46,700 shares of $10 par value common stock issued and…

A: A journal entry is used to record a business arrangement in a company's accounting records. A…

Q: On January 1, Vermont Corporation had 46,400 shares of $9 par value common stock issued and…

A: The journal entries are prepared to keep the record of day to day transactions of the business.

Q: On September 1, Ziegler Corporation had 56,000 shares of $5 par value common stock, and $168,000 of…

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A: Meaning of Stakeholders' Equity Stockholders' equity is also referred as shareholders' equity, is…

Q: Trans Union Corporation issued 5,200 shares for $50 per share in the current year, and it issued…

A: When shares are sold or issued , cash account will be debited which increases the total assets and…

Q: During its first year of operations, LEBANON COMPANY entered into the following transactions…

A: Shares can be exchanged for cash or issued in exchange for anything other than cash. The term "issue…

Q: Journalize the transactions of February14, March 5, and June 2.

A:

Q: During its first year of operations, Eastern Data Links Corporation entered into the following…

A: The following transactions are journalized to show the calculations in the records of Eastern Data…

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.