Question 5 of 9 075 The following data is provided for Sage Corporation for the years 2022 and 2023, total shareholders' equity at the end of 2021 is $265,400. Sage Corporation 2022 2023 Net income $148.900 $154,800 Shareholders' equity $289.600 $342.050 55.400 57,500 $0.40 5045 Weighted average number of common shares Dividends declared per common share Market price per common share Weighted average number of preferred shares Dividends declared per preferred share 59.60 $9.98 18.500 19.980 $0.75 $0.75 Industry ratios: Payout ratio 28.09 earch co Jestion 5 of 9 075 Select which of the following statements are correct: a. Sage pays out a greater proportion of its net income to shareholders through dividends than what is indicated by the industry average b. The return on common shareholders' equity for 2022 is 35.39. c. Sage Corporations dividend yield for 2023 is 4.5% d. The dollars earned for each dollar invested by Sage common shareholders was higher than the industry average for 2023 De. The basic earnings per share ratio for 2023 is $2.69. DE The company's earnings performance as measured using the basic earnings per share ratio has declined in 2023 from 2022. g. The payout ratio has increased by 2.2% in 2023 over 2022. h. The company's dividend yield for 2022 is 28%. e Textbook and Media rch i hapters 11 & 12 Question 6 of 9 - / 20 On January 1, 2021, Elkhardt Ltd., a private company, had the following shareholders' equity accounts: Preferred shares, $1.0 noncumulative, unlimited number authorized, none issued Common shares, unlimited number authorized, 3.16 million issued $3,160,000 Retained earnings 3,580,000 The following selected transactions occurred during 2021: Jan 2 Feb. 8 Issued 220,000 preferred shares at $25 per share Issued 110.000 common shares in exchange for land. On this date.the fair value of the land was $235.000. The common shares have not recently traded, but the last time they traded, they sold for $2.5 per share. Declared the quarterly cash dividend to preferred shareholders of record on March 20. payable April 2. Mar. 5 Apr 18 Issued 388,000 common shares at 53 per share. June 5 Declared the quarterly cash dividend to preferred shareholders of record on June 20 payable July 1 Dertare the Duarterly rash dividend to referrer shareholders of rarordan Senterher 2n nivable October 1 Sens 5 to search re hapters 11 & 12 Question 6 of 9 - /20 Sept. 5 Declared the quarterly cash dividend to preferred shareholders of record on September 20, payable October 1. Oct. 4 Issued 37,000 preferred shares at $25 per share Dec. S Declared the quarterly cash dividend to preferred shareholders of record on December 20, payable January 1. Declared a cash dividend of $0.5 per share to the common shareholders of record on December 31. payable 14 January 10. 31 Net income for the year was $1.02 million. (a) Record the above transactions for 2021, including any entries required to close dividends and net income to Retained Earnings. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required, select "No Entry for the account titles and enter for the amounts.) Transaction entries: earch RE C Spinbot.com - Artic. MInbox ushaidh Chapters 11 & 12 Course Home Question 6 of 9 - /20 Closing entries: Date Account Titles and Explanation Debit Credit Dec. 31 (To record net income/(loss)) Dec. 31 (To close dividends e Textbook and Media List of Accounts i search O 2 B Bow Valley College... Calendar - Sidhant... c Get Homework Hel... Spinbot.com - Artic... MInbox - Kaushalsidh... Course Home Chapters 11 & 12 Question 7 of 9 - / 10 At December 31, 2021, the trading investments for Tarjee Inc. are as follows: Security Cost Fair Value $18.900 $21.200 B 11.900 13.500 22.200 20,200 Totals $53,000 $54.900 (a) Prepare the adjusting entry at December 31 to report the trading investment portfolio at fair value. (List all debit entries before credit entries. Credit account titles are automatically indented when the amount is entered. Do not indent manually . If no entry is required, select "No Entry for the account titles and enter for the amounts.) nie Arnt Tidur o 0 0 G o search hapters 11 & 12 Question 9 of 9
