Financial Accounting Concept for Shareholders Equities e Confred Sick Detallion of Dividend Ance of common Stock Preferred Stock iwaner muy bear Par, al Premium or at Discount) 1. Dels Corporation's corporate chantier uthorises the company to sell 450,000,000 shares of $1.50 par mon stock. As of December 31, 2011, the company had bed 180.015.000 shares of common stock for an average price of $t cach Delta has 37,000,000 shares of treystock. How many sure of common stock will be disclosed lord, issued and outstanding on the December 31, 2011. balance sheet? Alpha corporation started business 12 Million shares of horised common stock. Alpha corporation is 10000 shares of Rs. 10 par value stock for Rs 35 per shure. Passomloty to record the transaction Ice Video Corporation sunt 5,000 shares of 0.01 p value common stock for 533 50 per share How much tahdid lee Video Corporation receive from the stock illow will the transaction be shown in the surcholdenequity section of the balance sheet? ABC Lid was muthorized to is 750.000 stures of 10 preferred stock. ABC Lissu 20000 sures, par value ouch share is Rs.75. Pass journal entry showing necessary calculation for onch of following scenarios a) Preferred shares are issued at Rs 90 per share b) Preferred what are issued at 125 Dividend is declared ut year end DIVIDEND OF PREFERRED STOCK 10% OF PAR VALUE (75X20000) X 10%-150000 5. Unico Lod sold 7000 Common stock shares to its board members for Rs 30 Per share, whereas the par value is Rs. 10 per share. The board member paid 30 percent at the time of issuance. After 6 months the board member paid the remaining subscription a) Calculate the amount of subscription receivable b) Pass Journal entry to record the transaction of instance of shares c) Pass Journal entry to record the transaction of payment of subscription 6. Athletie Endurance Company had the following stockholders equity section on the December 31. 2010, balance sheet: Preferred stock, 6%. S120 par. cumulative $1,170,000 (70200) Common stock, 51.50 par value 300,000 Paid-in capital in excess of par, common stock 1.200.000 Retained earnings 2.500.000 Total 55,170,000 1. How many shares of common stock are classified as issued? (300000/1.51- 200000 2. How many shares of common stock are outstanding? (200000-0) 300000 3. How many shares of preferred stock are outstanding? 4. What was the average selling price of a share of common stock? (1170000/1201-9750 Page 2 of 6