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Bonita Company provides you with the following condensed balance sheet information: $ 37,600 62,400 255,200 63,000 $418,200 Assets Current assets Equity investments Equipment (net) Intangibles

Bonita Company provides you with the following condensed balance sheet information:image text in transcribedimage text in transcribedimage text in transcribed

$ 37,600 62,400 255,200 63,000 $418,200 Assets Current assets Equity investments Equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Current and long-term liabilities Stockholders' equity Common stock ($5 par) $ 21,000 Paid-in capital in excess of par 108,500 Retained earnings 189,400 Total liabilities and stockholders' equity $99,300 318,900 $418,200 For each of the following transactions, indicate the dollar impact (if any) on the following five items: (1) total assets, (2) common stock, (3) paid-in capital in excess of par, (4) retained earnings, and (5) stockholders' equity. (Each situation is independent.) (a) Bonita declares and pays a $0.50 per share cash dividend. (1) Total assets $ (2) Common stock (3) Paid-in capital in excess of par $ (4) Retained earnings $ (5) Total stockholders' equity (b) Bonita declares and issues a 10% stock dividend when the market price of the stock is $14 per share. (1) Total assets (2) Common stock $ (3) Paid-in capital in excess of par $ (4) Retained earnings $ (5) Total stockholders' equity (c) Bonita declares and issues a 30% stock dividend when the market price of the stock is $16 per share. (1) Total assets (2) Common stock $ (3) Paid-in capital in excess of par $ (4) Retained earnings $ (5) Total stockholders' equity (d) Bonita declares and distributes a property dividend. Bonita gives one share of its equity investment (ABC stock) for every two shares of Bonita Company stock held. Bonita owns 10,400 shares of ABC. ABC is selling for $10 per share on the date the property dividend is declared. (1) Total assets (2) Common stock $ (3) Paid-in capital in excess of par $ (4) Retained earnings $ (5) Total stockholders' equity (e) Bonita declares a 3-for-1 stock split and issues new shares. (1) Total assets $1 (2) Common stock $ (3) Paid-in capital in excess of par $ (4) Retained earnings (5) Total stockholders' equity $ 37,600 62,400 255,200 63,000 $418,200 Assets Current assets Equity investments Equipment (net) Intangibles Total assets Liabilities and Stockholders' Equity Current and long-term liabilities Stockholders' equity Common stock ($5 par) $ 21,000 Paid-in capital in excess of par 108,500 Retained earnings 189,400 Total liabilities and stockholders' equity $99,300 318,900 $418,200 For each of the following transactions, indicate the dollar impact (if any) on the following five items: (1) total assets, (2) common stock, (3) paid-in capital in excess of par, (4) retained earnings, and (5) stockholders' equity. (Each situation is independent.) (a) Bonita declares and pays a $0.50 per share cash dividend. (1) Total assets $ (2) Common stock (3) Paid-in capital in excess of par $ (4) Retained earnings $ (5) Total stockholders' equity (b) Bonita declares and issues a 10% stock dividend when the market price of the stock is $14 per share. (1) Total assets (2) Common stock $ (3) Paid-in capital in excess of par $ (4) Retained earnings $ (5) Total stockholders' equity (c) Bonita declares and issues a 30% stock dividend when the market price of the stock is $16 per share. (1) Total assets (2) Common stock $ (3) Paid-in capital in excess of par $ (4) Retained earnings $ (5) Total stockholders' equity (d) Bonita declares and distributes a property dividend. Bonita gives one share of its equity investment (ABC stock) for every two shares of Bonita Company stock held. Bonita owns 10,400 shares of ABC. ABC is selling for $10 per share on the date the property dividend is declared. (1) Total assets (2) Common stock $ (3) Paid-in capital in excess of par $ (4) Retained earnings $ (5) Total stockholders' equity (e) Bonita declares a 3-for-1 stock split and issues new shares. (1) Total assets $1 (2) Common stock $ (3) Paid-in capital in excess of par $ (4) Retained earnings (5) Total stockholders' equity

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