What are the total number of shares outstanding for abc

Assignment Help Financial Accounting

Reference no: EM133443764

Questions: ABC has a corporate charter that authorizes it to issue up to 100,000 shares of $1 par value common stock. The following events occur in 2022: On January 1, ABC issues 10,000 shares of common stock for $20 per share. On April 1, ABC declares a dividend of $2 per share. On May 1, the dividend is paid. On September 1, ABC repurchases 1,000 shares of its common stock for $15 per share. On October 1, ABC declares another $2 per share dividend. On November 1, the dividend is paid. ABC had $50,000 in net income for the year.

1. As of December 31, 2022, what are the total number of shares issued by ABC?

2. As of December 31, 2022, what are the total number of shares outstanding for ABC?

3. What is the balance of Dividends Payable as of December 31, 2022?

4. As of December 31, 2022, what is the balance of Retained Earnings?

5. What is the total balance in Equity as of December 31, 2022?

6. What is the balance in Treasury Stock as of December 31, 2022?

7. What is the balance in Common Stock, Par Value as of December 31, 2022?

8. What is the balance in Additional Paid in Capital (i.e. Capital in Excess of Par) as of December 31, 2022?

9. By how much does the declaration and payment of dividends during 2022 decrease net income for ABC?

10. As a result of these events only, what is the balance in cash as of December 31, 2022?

Reference no: EM133443764

Questions Cloud

How exactly is bias introduced into your study : How exactly is bias introduced into your study if you integrate the wrong model or framework? How would you detect the bias?

Provide for self-management of asthma : List four other nursing diagnoses which would be appropriate for Laura while she is hospitalized. Make a list of items to be included in a teaching plan

What is the advantage to using the dupont system : what is its? ROE? What is the advantage to using the DuPont system to calculate ROE over the direct calculation of earnings available for common stockholders

Discuss considerations for both upgrading the existing : Discuss considerations for both upgrading the existing system and implementing a new system. Recommend whether the facility should upgrade or implement

What are the total number of shares outstanding for abc : As of December 31, 2022, what are the total number of shares issued by ABC? As of December 31, 2022, what are the total number of shares outstanding for ABC?

Define ethical research and give one example : Define ethical research. Give one example of ethical misconduct, give examples of why you think this. Provide one example of an unethical research study

Heparin is order what is the bolus amount of heparin : Heparin is order what is the bolus amount of heparin that you would give this patient?

What ethical principle from the code can be applied : Primarily lecture-and-drill methods, instead of providing the developmentally appropriate hands-on activities you have learned are best for young children.

Risk assessments with curriculum activities : Risk assessment template Use this template to document a risk assessment to manage health and safety hazards and risks

User Account

All Pages