Assignment 22 - 4-15 - $53,400 $66,000 Per Share $2.10...

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E11-24 ITEMS BEFORE DIVIDEND & SPLIT AFTER STOCK DIVIDEND AFTER STOCK SPLIT Common stock account $200,000 $300,000 $200,000 Par per share $1 $1 $0.83 Shares outstanding 200,000 300,000 240,000 Capital in excess of par $880,000 $880,000 $880,000 Retained earnings $720,000 $620,000 $720,000 Total stockholders equity $1,800,000 $1,800,000 $1,800,000 P11-8 CASE A – PREFERRED IS NON-CUMULATIVE PREFERRED COMMON TOTAL Preferred $4,200 $4,200 Balance to common $25,800 $4,200 $25,800 $30,000 Per Share $0.70 $0.86 CASE B – PREFERRED IS CUMULATIVE Preferred: Arrears $8,400 $8,400 Current 4,200 -0- 4,200 $12,600 -0- $12,600 Per Share $2.10 $-0- CASE C – PREFERRED IS CUMULATIVE Preferred: Arrears $8,400 $8,400 Current 4,200 4,200 Balance to common $53,400 $12,600
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Unformatted text preview: $53,400 $66,000 Per Share $2.10 $1.78 P11-5 Stockholders Equity Contributed Capital: Common stock $600,000 Contributed Capital 123,000 Total Contributed Capital $723,000 Retained Earnings 38,200 Total $761,200 Less: treasury stock held (15,000) Total Stockholders Equity $746,200 P11-6 a. Treasury Stock 3,500,000 Cash 3,500,000 b. Retained Earnings 254,200,000 Dividends Payable 254,200,000 Dividends Payable 254,200,000 Cash 254,200,000 c. Retained Earnings 556,300,000 Common Stock 556,300,000 PAPA JOHNS EPS: NET INCOME-DIVIDENDS on PREFERRED AVG. OUTSTANDING SHARES 63,375-PAPA JOHNS DYR: NO DIVIDENDS PAID...
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Assignment 22 - 4-15 - $53,400 $66,000 Per Share $2.10...

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