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please help me. with these 3 questions. 3) On July 31, 2017, Archer, Inc. reported the following information in the equity section of their balance
please help me. with these 3 questions.
3) On July 31, 2017, Archer, Inc. reported the following information in the equity section of their balance sheet: Stockholders' Equity: Common Stock, $1.00 par, 500,000 shares authorized, 20,000 shares issued and outstanding Paid-In Capital in Excess of Par-Common Retained Earnings Total Stockholder's Equity $20,000 1,180,000 3.200.000 $4.400.000 Assume that Archer splits its common stock 3-for-1. Prepare an equity section of the balance sheet that shows the effects of the stock split. (Please round all numbers to the nearest cent.) OA Shot on OnePlus Powered by Dual Camera 5) Stephens, Inc. had 140,000 shares of SS par value common stock issued and outstanding as of December 15, 2016. The company is authorized to issue 1,000,000 common shares. On December 15, 2016, Stephens declared a 40% stock dividend when the market value for its common stock was $9 per share. The stock was issued on Dec. 30. Prepare the journal entries to record the declaration and distribution of the stock dividend. Explanations are not required. Compute the total shares after the dividend. 6) Jenkins Services reported the following balances: December 31, 2016 $ 45,000 5,000 375,000 December 31, 2015 $ 42,000 3,000 368,000 Net Income Preferred Dividends Total Stockholders' Equity Total Stockholders' Equity attributable to Preferred Stock Number of common Shares Outstanding 40,000 24,000 16,000 12,000 Compute earnings per share for 2016, price/earnings ratio for 2016, assuming the market price on December 31, 2016 is $37.50 per share, and the rate of return on common stockholders' equity for 2016, (Show your computations and round to two decimal places.)Step by Step Solution
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