chapter 11 - 80,000 common stock(no par value authorized...

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Chapter 11 E 1, 2, 6, 8, 9, 13 Mitchell Stefani E1: shares outstanding: 8,392,648 E2: a) cash 120,000 par value: common stock 48,000 add: paid-in capital 72,000 b) cash 46,000 par value: common stock 16,000 add: paid-in capital 30,000 req. 2: balance sheet stockholders equity section common stock, par value $8 per share authorized 12,000 shares issued 6000 at 20$ 120,000 issued 2000 at 23$ 46,000 total: 166,000 req. 3: yes if they feel like it, they can declare them whenever they feel like it. E6: cash 16,000 common stock 16,000 cash 240,000 common stock 240,000 cash 160,000 preferred stock 80,000 add paid-in capital 80,000 req. 2: contributed capital preferred stock (par value $10; 50,000 authorized shares, 8,000 issued) 80,000 addition paid-in capital, preferred stock
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Unformatted text preview: 80,000 common stock (no par value; authorized 22,000 shares issued) 256,000 totall contributed capital 416,000 totall stockholders equity 416,000 E8: a) feb 1: treasury stock (+xse,-se) 4,400 cash 4,400 b)jul. 15 cash 2,400 treasury stock (-xse,+se) 2,200 add paid-in capital 200 c) sept. 1 cash 1200 treasury stock (-xse,+se) 1320 less add. Paid-in capital-120 req. 2: the company won't have to give out as much money. req. 3: it raises the net income E9: a) treasury stock $3.5 mill cash $3.5 mill b) dividends declared 254.2 mill dividens payable 254.2 mill dividends payable 254.2 mill cash 254.2 mill c) E13: dividends declared 16378530 dividends payable 16378530...
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