thats the directions under Sign Conventions
22 After one more year, two years after its capital raising. the company decides to re-issue 50,000 of the shares it repurchased. If the company reissue them at a price of $200 per share for cash, what will the remaining balance be in Treasury Stock? 23 Regarding transaction # 22, what will be the balance in Common Stock - APIC Treasury Stock? 24 One year later, three years after it raised capital, the company decides to reissue all remaining shares held at Treasury Stock. It is able to sell the remaining 150,000 shares at a price of $ 30 per share. What will be the remaining balance in Treasury Stock after sale? 25 What will be the remaining balance in Common Stock - APIC Treasury Stock after this second reissuance? 26 What account should be used to record the portion of the deficit from this reissuance that exceeds the available APIC-Treasury Stock balance? 27 Company D announces that it has 5,000,000 shares authorized and issued. In its initial public offering 3,000,000 of these shares were offered to the public. This leaves 2,000,000 yet to be offered and so they are not "outstanding." Three years after the public offering Company D repurchased 1,700,000 shares. The Company continues to hold them for possible reissuance. They have NOT been retired. There has been no other activity in Common Stock other than its normal trading in the market. For purposes of measuring Dividends how many shares should be counted as "outstanding?" (These are the shares on which a dividend will be paid. 28 The company announces, or "declares" a $6 per share dividend on November 1 of its third fiscal year. On this declaration date, what amount should be entered in the Income Statement as an expense? 29 Using the info in question # 28, what amount should be used to Debit Retained Earnings for the Dividend Declared on this Declaration Date? 30 Continuing with the info from #28 and #29 above, the dividend payment date announced by the Board, is December 20th of this year. What should be the Credit to Cash when dividends are paid to shareholders "of record? 31 Define Comprehensive Income 32 Define Earnings 33 From the definition of Comprehensive Income you provided in #31. please state which income variable is SIGN CONVENTIONS For each account listed below, please state whether the account balance is usually presented in the Balance Sheet with a positive sign, negative sign or can be presented either way due to the circumstances. (Ignore the instance where the account balance is zero.). 11 Common Stock - Par Value 12 Common Stock - Additional Paid in Capital (APIC) 13 Accumulated Other Comprehensive Income (AOCI) 14 Retained Earnings 15 Noncontrolling Interests 16 The EQUITY Balance in Total 17 A new company is conducting its first round of capital raising by issuing Common Stock. It has no other Common Stock Outstanding. 1,000,000 shares are issued at a Market Price of $ 100 per share. What is the total Equity Capital Contributed? 18 The Common Stock issued in # 17 is a PAR VALUE Common Stock because of the requirements of state law. If the PAR VALUE per share is $ 10 what will the Common Stock - Par Value line item in the Equity Section. 19 What will be the balance in Common Stock - APIC? 20 One year later the company decides to buy back 200,000 shares at a price of $ 150 per share for cash. What will be the balance shown in the Treasury Stock account fignore signs) After the 200,000 shares are repurchased how many shares remain "outstanding"? 21 22 After one more year, two years after its capital raising the company decides to re-issue 50,000 of the shares it repurchased. If the company reissue them at a price of $200 per share for cash, what will the remaining balance be in Treasury Stock 23 Regarding transaction 22, what will be the balance in Common Stach - APIC Tarry Stock? 24 One year later, three years after it raised
