Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Please, I need help with those following exercises. Thank you!!! Exercise 15-17 Coronado Corporation's post-dosing trial balance at December 31, 2017, is shown as follows.

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Please, I need help with those following exercises.
Thank you!!!
Exercise 15-17 Coronado Corporation's post-dosing trial balance at December 31, 2017, is shown as follows. CORONADO CORPORATION POST-CLOSING TRIAL BALANCE DECEMBER 31, 2017 Dr. Cr. Accounts payable $314,900 Accounts receivable $ 512,000 Accumulated depreciation-buildings 194,000 Additional paid-in capital in excess of par-common 1,375,000 From treasury stock 158,000 Allowance for doubtful accounts 28,000 Bonds payable 283,000 Buildings 1.448.000 Cash 197.000 Common stock (51 par) 205,000 Dividends payable (preferred stock-cash) 4100 Inventory 546.000 Land 412.000 Preferred stock (550 par) 450,000 Prepaid expenses Retained earnings 311.000 Treasury stock (common at cost) 170,000 Totals 53,223,000 53,323,000 38.000 8 At December 31, 2017, Coronado had the following number of common and preferred shares. Common Preferred Authorized 615,000 54,000 Issued 205,000 9,000 Outstanding 193,000 9,000 The dividends on preferred stock are $4 cumulative. In addition, the preferred stock has a preference in liquidation of $50 per share. Prepare the stockholders' equity section of Coronado's balance sheet at December 31, 2017. (Enter account name only and do not provide descriptive information CORONADO CORPORATION Stockholders' Equity Bb . Exercise 15-23 Avayal Company has outstanding 2,700 shares of $100 par, 7% preferred stock and 14,200 shares of $10 par value common. The following schedule shows the amount of dividends paid out over the last 4 years. Allocate the dividends to each type of stock under assumptions (a) and (b). Express your answers in per-share amounts using the format shown below. (Round the rate of participation to decimal places, e.g. 1.42789. Round answers to 2 decimal places, ... $6.85.) Assumptions (b) Preferred, noncumulative, Preferred, cumulative, and nonparticipating and fully participating Year Paid-out Preferred Common Preferred Common 2015 $13,500 2016 $26,300 2017 $52,800 5 o Zlopack Company manufactures one product that goes through one processing department called. ences Mailings Review View Help Acrobat T AaBbCcDc AaBbCcDc AaBbci AaBbCcb 1 Normal 11 No Spac... Heading 1 Heading 2 Paragraph LZ Styles $ $ $ 2018 $71,100 Exercise 140 The stockholders' equity section of Sunland Corporation shows the following on December 31 Preferred stock-4%, $100 par, 5,300 shares outstanding Common stock-$10 par, 60,000 shares outstanding Paid-in capital in excess of par Retained earnings Total stockholders' equity $530,000 600,000 190,000 145,500 $1,465,500 Clopack Company manufactures one product that goes through one processing department called. References Mailings Review View Help Acrobat Bons Adpho Layout Create and Share Adobe PDF Adobe Acrot A Aa Aa E3 211 Find - AaBbcc Aabbcc AaBbci AaBbc Replace ADA 1 Normal 1 No Spac... Heading 1 Heading 2 Select- Paragraph Styles Editing Exercise 140 The stockholders' equity section of Sunland Corporation shows the following on December 31, 2018: Preferred stock-4%, $100 par, 5,300 shares outstanding $530,000 Common stock-$10 par, 60,000 shares outstanding 600,000 Paid-in capital in excess of par 190,000 Retained earnings 145,500 Total stockholders' equity $1,465,500 Assuming that all of the company's retained earnings are to be paid out in dividends on 12/31/18 and that preferred dividends were last paid on 12/31/16, show how much the preferred and common stockholders should receive if the preferred stock is cumulative and fully participating. Preferred stockholders Common stockholders IFRS 15-13 The financial statements of M&S are presented in Appendix E. The company's complete annual report, induding the notes to the financial statements, is available online. Refer to M&S's financial statements and the accompanying notes to answer the following questions. What is the par or stated value of MBS's preference shares? (Do not leave any field bank. Enter o for the amounts.) M&S's Preference shares What is the par or stated value of MB.S's ordinary shares M.S's ordinary shares have a value of E o p per share. What percentage of MBS'S 3,200,000,000 authorized ordinary shares was issued at 25 March 20157 (Round answer to 1 decimal place, c. 52.596.) Ordinary shares What was the pound amount effect of the cash dividends on MSS's equity? (Round answer to 1 decimal place, . 52.5. Enter amounts in million) by The cash dividends caused Retained Earnings to million What is MSS's return on ordinary share equity for 2015 and 20147 (Round answers to decimal place .. 52.5) 2015 2014 Rate of retum o Clopack Company manufactures one product that goes through one processing department called.... ences Mailings Review View Help Acrobat 3. SALT ) -- AaBbCcDc AaBbCcDc AaBb C AaBbcc I Normal 1 No Spac... Heading 1 Heading 2 Paragraph 13 Styles What is M&S's payout ratio for 2015 and 2014? (Round answers to 1 decimal place, e.q. 52.5%) 2015 2014 Payout ratio % Font Paragraph Exercise 138 Indicate the principal effects of a stock dividend versus a stock split on the issuing corporation Respond in the spaces as follows: Change and No Change. Stock Dividend Stock Split Number of Shares Outstanding Par Value per Share Total Par Outstanding Retained Earnings Total Stockholders Equity Composition of Stockholders fout o

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Accounting questions

Question

Identify and control your anxieties

Answered: 1 week ago

Question

Understanding and Addressing Anxiety

Answered: 1 week ago