Reference no: EM132960898
Question - Accounting for Share Transactions - At the beginning of the year, The Ward Corporation, a private entity, decided to go public. A charter of incorporation was constructed which authorized the sale of ten million shares of $1 par value common stock; 100,000 shares of $100 par value, eight percent preferred stock; and 200,000 shares of $5 no-par-value convertible preferred stock. The following shares were sold as part of the company's initial public offering:
1,000,000 shares of common stock at $15 per share.
100,000 shares of $100 par value, eight percent preferred stock at $110 per share.
100,000 shares of $5 convertible, no-par preferred stock at $55 per share.
At year-end, the full dividend was declared and paid on both preferred stock offerings.
Required - Record the financial effects of the shareholders' equity transactions for The Ward Corporation for the year.
|
What position should xin take to eliminate foreign exchange
: An interested buyer says he is willing to pay 360 euro in six months. What position should Xin take to eliminate his foreign exchange exposure?
|
|
Calculate nopat, invested capital, and roi for cato mills
: Cato Mills is a division of Iowa Woolen Products. For the most recent year, Cato had net income of $22,000,000. Calculate NOPAT, invested capital, and ROI
|
|
Discuss events that can cause price of a stock to increase
: Discuss events that can cause the price of a stock to increase or decrease. Investment Risk: Explain key risks associated with investing in stocks.
|
|
How many shares will be outstanding after the split
: How many shares will be outstanding after the split? BGA has 245,000 shares outstanding that sell for $20 per share. The company plans a 4-for-5 reverse stock.
|
|
Record financial effects of shareholders equity transactions
: Record the financial effects of the shareholders' equity transactions for The Ward Corporation for the year
|
|
What is the duration of the bond for north american
: What is the duration of this bond? A North American bond has 2 years to maturity. It has a $1,000 face value and a 10% coupon rate
|
|
What the company should record a deferred tax
: A company reported pretax financial statement income, The income tax rate is 30 percent. In its Year 1 balance sheet, the company should record a deferred tax
|
|
How much is share of each partner to the partnership loss
: Assuming the result of operation is a loss of P50,000, how much is the share of each partner to the partnership loss
|
|
What would cost if alaska was in exactly the same condition
: What would it cost in 2007 if Alaska was in exactly the same condition as it was 140 years before and the prevailing interest rate over the 140 years was 4%.
|