Chapter 12 HW - Student Name Ankita Shah Class Financial...

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Student Name: Ankita Shah Class: Financial Accounting Problem 12.4A ALBERS, INC. Computations Total Number Book Stockholders' of Shares Value per Equity Outstanding Share Beginning Balance $840,000 40,000 $21.00 «- Correct! Jan. 10 Declared and distributed 5% stock dividend 2,000 Balance $840,000 42,000 $20.00 «- Correct! Mar. 15 Acquired 2,000 shares of treasury stock at $21.00 per share (42,000) (2,000) Balance $798,000 40,000 $19.95 «- Correct! May 30 Reissued 2,000 shares of treasury stock at $31.50 per share 63,000 2,000 Balance $861,000 42,000 $20.50 «- Correct! Jul. 31 Capital stock split 2-for-1 42,000 Balance $861,000 84,000 $10.25 «- Correct! Dec. 15 Declared $1.10 per share cash dividend (92,400) Balance $768,600 84,000 $9.15 «- Correct! Dec. 31 Net income 525,000 Balance $1,293,600 84,000 $15.40 «- Correct! ^ Correct! ^ Correct!
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g - ACCTG 50
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Given Data P12-04: ALBERS, INC. Beginning stockholders' equity $840,000 Number of outstanding shares of capital stock 40,000 Jan. 10 Stock dividend declared and distributed 5% Market price per share when dividend declared $20.00 Mar. 15 Number of stock acquired by company 2,000 Cost of stock upon acquisition $21.00 May 30 Number of shares of treasury stock reissued 2,000 Price treasury stock sold for per share $31.50 Jul. 31 Two for one stock split Dec. 15 Cash dividend per share declared $1.10 Dec. 31 Net income for year $525,000
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Student Name: Ankita Shah Class: Financial Accounting - ACCTG 50 Problem 12.5A STRAIT CORPORATION Statement of Stockholders' Equity For the Year Ended December 31, 20__ Capital Stock Additional Total ($10 par Paid-in Retained
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Chapter 12 HW - Student Name Ankita Shah Class Financial...

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