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Please answer the following. Please also include formulas if there is any. 1. How do the following transactions affect contributed capital, retained earnings and total
Please answer the following. Please also include formulas if there is any.
1. How do the following transactions affect contributed capital, retained earnings and total shareholders' equity (answer: +, - or none) | |||||||||||
Contributed capital | Retained Earnings | SHE | |||||||||
1. Issue common stock for cash | |||||||||||
2. Issue preferred stock for land | |||||||||||
3. Announce stock dividend | |||||||||||
4. Announce stock split | |||||||||||
5. Announce cash dividend | |||||||||||
6. Repurchase stock | |||||||||||
7. Recognize unrealized gain on marketable securities | |||||||||||
8. Recognize a loss on sale of equipment |
2.
3.
a. How much additional common stock did Coca-Cola issue during the first quarter of 2016? | ||||||||||||
b. Assume that Coca-Cola issued 400,000 shares during the first quarter at $45. How should this transaction be recorded (journal entry)? | ||||||||||||
c. Assume that during the first quarter, Coca-Cola purchased approximately 22 million shares on the open market at an average price of $43.45 per share. | ||||||||||||
How should this transaction be recorded? | ||||||||||||
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