Reference no: EM132523751
Question - Nautical has two classes of stock authorized: $10 par preferred, and $1 par value common. As of the beginning of 2021, 150 shares of preferred stock and 2,800 shares of common stock have been issued. The following transactions affect stockholders' equity during 2021:
March 1 Issue 2,800 additional shares of common stock for $12 per share.
April 1 Issue 150 additional shares of preferred stock for $38 per share.
June 1 Declare a cash dividend on both common and preferred stock of $0.35 per share to all stockholders of record on June 15.
June 30 Pay the cash dividends declared on June 1.
August 1 Purchase 250 shares of common treasury stock for $9 per share.
October 1 Resell 150 shares of treasury stock purchased on August 1 for $11 per share.
Nautical has the following beginning balances in its stockholders' equity accounts on January 1, 2021: Preferred Stock, $1,500; Common Stock, $2,800; Additional Paid-in Capital, $19,300; and Retained Earnings, $11,300. Net income for the year ended December 31, 2021, is $7,550.
Taking into consideration the beginning balances on January 1, 2021 and all the transactions during 2021, respond to the following for Nautical:
1. Prepare the stockholders' equity section of the balance sheet as of December 31, 2021.
2. Prepare the statement of stockholders' equity for the year ended December 31, 2021.
Plot the input - output characteristic of the circuit
: Plot the input/output (vout vs. vin) characteristic of the circuit shown in Figure PQ4. Assume a constant -voltage model, VD(on)= 0.7V is used.
|
Prepare the net sales portion
: Sales returns and allowances $20,000. Prepare the net sales portion only of this company's multiple-step income statement
|
Calculate the total production costs of the disney project
: Calculate the total production costs of the Disney Project using traditional costing, when manufacturing overhead is applied at 125% of direct labour cost.
|
Review the leadership skills and emotional intelligence
: Review the Leadership Skills and Emotional Intelligence assessment templates. Develop a brief personal leadership philosophy based on the results of assessments
|
Prepare statement of stockholders equity for the year ended
: Nautical has two classes of stock authorized: $10 par preferred, Prepare the statement of stockholders' equity for the year ended December 31, 2021
|
How well disney has managed labour costs
: Diane Disney, Explain to the COO, who has been on job, what your analysis shows about how well Disney has managed her labour costs.
|
Determine the earnings per share
: For the common stock, determine (a) the earnings per share, (b) the price-earnings ratio, (c) the dividends per share, and (d) the dividend yield
|
Manuscript speech and extemporaneous speech
: Your supervisor recently announced that you and a colleague, Bruce, will have an opportunity to meet with the company's CEO in 2 hours
|
What the labor volume variance is
: Firm P produced 45,000 cellphones using 9,000 hours of labor in 2004; total labor costs were $54,000. What the labor volume variance is
|