The San Diego Corporation reported profit of year ended December 31, 2018. At the beginning of the year, the company had 200,000 ordinary shares outstanding. It issued an additional 30,000 shares on July 1, 2018 and reacquired as treasury shares 6,000 shares on November 1, 2018.

Q: Adham Corporation was organized on January 1, 2019. During its first year, the corporation issued…

A: The dividend on preference shares is paid before any dividend is paid to common stockholders, and…

Q: On January 1, 2021, Sunland Corp. had 459,000 shares of common stock outstanding. During 2021, it…

A: Note: Since we are entitled to answer up to 3 sub-parts, we’ll answer the first 3. Please resubmit…

Q: During 2018, Longhorn Corp. had net income of $300,000 and paid dividends to its preferred…

A: The question is based on the concept of Shares and debentures.

Q: Macanas Company had 125,000 shares issued as of January 1, 2018, which includes 25,000 treasury…

A: Answer) Calculation of Number of shares issued Number of shares issued = Total number of shares…

Q: Major Communications Ltd., a publicly traded company that specializes in data capture, has been in…

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

Q: Towson Corp., was organized on January 2, 2018. During the first year of operation, Towson issued…

A: No of shares issued = 60,000 shares Par value of shares issued = $2 Net Income = $250,000 Dividend =…

Q: Wissam Company was established on January 1, 2017. The Company issued 10,000 shares of common stock…

A: This question is asking preference share dividend, Common stock dividend, and the journal entry at…

Q: Blue Spruce Limited reported profit of $436,010 for its November 30, 2021, year end. Cash dividends…

A: Profit available to common share holders= Net profit- Preference dividend = 436010-69500 = 366510

Q: On January 1, 2021, Windsor Corp. had 488,000 shares of common stock outstanding. During 2021, it…

A: Since the student has posted multiple requirements, we shall answer the first three alone. Thank…

Q: Lucas Company reports net income of $5,125 for the year ended December 31, 2019, its first year of…

A: Earnings per share (EPS): The amount of net income available to each shareholder per common share…

Q: Listed below are the transactions that affected the shareholders’ equity of Branch-Rickie…

A: Stockholders’ equity is the measure of assets staying in a business after the sum total of the…

Q: On January 1, 2021, Paver Corporation had 84,000 common shares, recorded at $659,000, and retained…

A: Calculation of the number of common shares at the end of the year:- Number of common shares:-…

Q: Specific Motor Inc., makes and sells commercial vehicles. By December 31, 2018, the company reported…

A: Effect of given transactions on balance sheet:

Q: Bickle's Pickles Inc.'s charter authorizes the company to issue up to 100,000 common shares.  As of…

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

Q: The shareholders' equity section of Charles Corporation at December 31, 2018 included the following:…

A: Preferred dividends are the dividends that are accrued paid on a company's…

Q: Basil Corporation is authorized to issue 900,000 shares of $10 par value common stock, and 200,000…

A: The Numerical has covered the concept of Journal entry relating to the stock purchase and sell.

Q: Oakwood Inc. Is a public enterprise who shares are traded in the over-the-counter market. At…

A: Income tax adjustment=Prior period adjustemnent-After tax value=$300,000-$210,000=$90,000

Q: Red Hat Company began operations in January 2018 and reported the following results of operations…

A: Book value per common stock = (Total stockholder's equity-(liquidation value of preferred stock+…

Q: Tomba Corporation had 300,000 shares of common stock outstanding on January 1, 2020. On May 1, Tomba…

A: Weighted average number of shares refers to number of shares after incorporating change in shares…

Q: On January 1, 2021, Bramble Corp. had 487,000 shares of common stock outstanding. During 2021, it…

A: GIVEN     On January 1, 2021, Bramble Corp. had 487,000 shares of common stock outstanding. During…

Q: Paris Co. has a December 31 year-end date. Data for 2021 shows: • There were 60,000, $3, cumulative…

A: Number of common shares Common shares as on January 1 370000 Shares issued 60000 Less; shares…

Q: Garda World Security Corporation has the following shares, taken from the equity section of its…

A: Dividend - Dividend is the amount paid by the company to its preference and common shareholder's.…

Q: On January 1, 2020, Addy Company had 110,000 shares issued and 100,000 shares outstanding. The…

A: Gven, Shares outstanding on Jan 1, 2020 = 100,000 shares Shares issued on march 1 = 15,000 Treasury…

Q: On January 1, 2019, Metco Inc. reported 296,000 shares of $6 par value common stock as being issued…

A: Treasury stock: The shares which were reacquired or bought back by the company, but not formally…

Q: On January 1, 2021, Dreamy Company issued 30,000 shares of $2 par value common stock for $150,000.…

A: Treasury stock: Shares which are bought back by the company from the open market but not retired…

Q: LALALAND Corporation was organized on 1/1/2020. It was authorized to issue 2 million, $1 par, common…

A: Stockholder’s equity is a part of balance sheet which shows the total owner’s equity that is…

Q: Specific Motor Inc., makes and sells commercial vehicles. By December 31, 2018, the company reported…

A: The income statement is a financial statement that represents the financial performance of the…

Q: Show

A:

Q: On January 1, 2021, marine company had 125,000 issued shares and 25,000 treasury shares. During the…

A: No. of shares issued means shares issued by the company including the shares purchased by the…

Q: Oakwood Inc. is a public enterprise whose shares are traded in the over-the-counter market. At…

A: Shareholders Equity section of balance sheet shows all total amount attributable to equity…

Q: Wissam Company was established on January 1, 2017. The Company issued 10,000 shares of common stock…

A: Dividend means the amount given to shareholder of the company as profit distribution by company.…

Q: On January 1, 2021, Sunland Corp. had 459,000 shares of common stock outstanding. During 2021, it…

A: As you have posted multiple independent questions, we are answering the first three questions.…

Q: Major Communications Ltd., a publicly traded company that specializes in data capture, has been in…

A: To prepare  Major Communications Ltd.Statement of Changes in Shareholders’ EquityYear Ended…

Q: Adham Corporation was organized on January 1, 2019. During its first year, the corporation issued…

A: The preferred stockholders should give a preference at the time of payment of dividend and the…

Q: on january 1, 2020, abc corporation had 200,000 ordinary shares issued and outstanding. on april 1,…

A: Earnings per share are the earnings earned by each shareholder from the earnings or net income of…

Q: Poodle Corporation was organized on January 3, 2021. The firm was authorized to issue 100,000 shares…

A: calculation of paid in capital are as follows:

Q: Data Controls Corporation had 250,000 shares of common stock outstanding at the end of 2017. During…

A: The number of shares in a corporation computed after accounting for variations in the share capital…

Q: On its Balance Sheet dated December 31st, 2020, the Crazy Cookie Company reports the following…

A: A treasury stock is a reacquired stock, it is the stock bought back by the issuing company. It…

Q: LALALAND Corporation was organized on 1/1/2020. It was authorized to issue 2 million, $1 par, common…

A: When the treasury stocks are re-issued at a price more than its cost then Additional paid-in capital…

Q: Marutzky Corporation had a net income of $2,200,000 for the year 2018.  On January 1, 2018, the…

A: Earning per share is calculated to know the earnings share, every shareholder would get for the…

Q: On January 1. 2021, Novak Corp. had 502,000 shares of common stock outstanding. During 2021, it had…

A: Solution:-  Weighted average number of shares outstanding as of December 31, 2021 Transaction…

Q: During the first year of operation, a company issued 60,000 shares of $2 par value common stock at a…

A: Paid in Capital Common Stock will consist of preferred and common stock in total. It is also called…

Q: Cole Company was formed on January 1, 2022, when 300,000 shares of $2 par value common stock were…

A: Common stock : 300,000 shares x $2 par value per share = $600,000 Additional Paid-in capital -Common…

Q: Purple Cab Company had 60,000 shares of common stock outstanding on January 1, 2021. On April 1,…

A: Weighted average outstanding common stock =  60000 shares + 30000*9/12 = 82500 shares

Q: IFA Corporations had Net Income of $780,000 and the following information for January 2021  to…

A: Ordinary Share- Ordinary shares, also called general shares, are stocks sold on a community swap.…

Q: A company was organized on January 2, 2018. During the first year of operation, it issued 60,000…

A: Paid in Capital Common Stock will consist of preferred and common stock in total. It is also called…

Q: On January 1, 2021, a company had 499,000 shares of common stock outstanding. During the year, it…

A: Weighted average number of shares outstanding is the average number of shares that are outstanding…

Q: LALALAND Corporation was organized on 1/1/2020. It was authorized to issue 2 million, $1 par, common…

A: Additional Paid in Capital from Treasury stock represents the excess amount over its cost generated…