Chapter 11: Q19DQ (page 515)
Refer to the financial statements for Samsung in Appendix A. How much were its cash payments for treasury stock acquisitions and cash receipts from treasury stock disposals for the year ended December 31, 2015?
Step-by-Step Solution
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Compute Topp Company’s price-earnings ratio if its common stock has a market value of \(20.54 per share and its EPS is \)3.95. Would an analyst likely consider this stock potentially overpriced, under-priced, or neither? Explain
Epic Company earned net income of \(900,000 this year. The number of common shares outstanding during the entire year was 400,000, and preferred shareholders received a \)20,000 cash dividend. Compute Epic Company’s basic earnings per share
Air France-KLM reported the following equity information in a recent year (euros in millions). Prepare its journal entry, using its account titles, to record the issuance of capital stock assuming that its entire par value stock was issued on March 31 for cash.
March 31 | |
Issued capital | € 300 |
Additional paid-in capital | 2,971 |
Prepare the journal entry to record Jevonte Company’s issuance of 36,000 shares of its common stock assuming the shares have a:
a. \(2 par value and sell for \)18 cash per share.
b. \(2 stated value and sell for \)18 cash per share
Stockholders’ equity of Ernst Company consists of 80,000 shares of \(5 par value, 8% cumulative preferred stock and 250,000 shares of \)1 par value common stock. Both classes of stock have been outstanding since the company’s inception. Ernst did not declare any dividends in the prior year, but it now declares and pays a $110,000 cash dividend at the current year-end. Determine the amount distributed to each class of stockholders for this two-year-old company.
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