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Saturday, 7 December 2013

Exercise 11-15 Price-earnings ratio computation and interpretation L.O. A2 Company Earnings per Share Market Value per Share 1 $ 10.00 $ 160.00 2 8.00 84.00 3 6.00 79.20 4 31.00 213.90 Compute the price-earnings ratio for each of these four separate companies.

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Exercise 11-15 Price-earnings ratio computation and interpretation L.O. A2 Company Earnings per Share Market Value per Sha...

Wade’s outstanding stock consists of 48,000 shares of noncumulative 7.50% preferred stock with a $10 par value and also 120,000 shares of common stock with a $1 par value. During its first four years of operation, the corporation declared and paid the following total cash dividends. 2011 $ 13,000 2012 21,000 2013 90,000 2014 197,000 Determine the amount of dividends paid each year to each of the two classes of stockholders: preferred and common. Also compute the total dividends paid to each class for the four years combined.

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Wade’s outstanding stock consists of 48,000 shares of noncumulative 7.50% preferred stock with a $10 par value and also 120,000 shares o...

Soku Company issues 29,000 shares of $6 par value common stock in exchange for land and a building. The land is valued at $233,000 and the building at $366,000. Prepare the journal entry to record issuance of the stock in exchange for the land and building.

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Soku Company issues 29,000 shares of $6 par value common stock in exchange for land and a building. The land is valued at $233,000 and the...

At September 30, the end of Excel Company’s third quarter, the following stockholders’ equity accounts are reported. Common stock, $12 par value $ 360,000 Paid-in capital in excess of par value, common stock 90,000 Retained earnings 320,000 In the fourth quarter, the following entries related to its equity are recorded. Date General Journal Debit Credit Oct. 2 Retained Earnings 70,000 Common Dividend Payable 70,000 Oct. 25 Common Dividend Payable 70,000 Cash 70,000 Oct. 31 Retained Earnings 87,000 Common Stock Dividend Distributable 42,000 Paid-In Capital in Excess of Par Value, Common Stock 45,000 Nov. 5 Common Stock Dividend Distributable 42,000 Common Stock, $12 Par Value 42,000 Dec. 1 Memo—Change the title of the common stock account to reflect the new par value of $4. Dec. 31 Income Summary 290,000 Retained Earnings 290,000 Required: 2. Complete the following table showing the equity account balances at each indicated date (include the balances from September 30).

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At September 30, the end of Excel Company’s third quarter, the following stockholders’ equity accounts are reported.     Comm...