{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-22T06:05:21-04:00", "answer_date": "2024-05-22 06:05:21", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1496735", "url": "\/study-help\/questions\/the-stockholders-equity-accounts-of-bramble-corp-on-january-1-1496735", "question_creation_date_js": "2024-05-22T06:05:21-04:00", "question_creation_date": "May 22, 2024 06:05 AM", "meta_title": "[Solved] The stockholders' equity accounts of Bram | SolutionInn", "meta_description": "Answer of - The stockholders' equity accounts of Bramble Corp. on January 1, 2025, were as follows. Preferred Stock (7%, $100 par | SolutionInn", "meta_keywords": "stockholders,equity,accounts,bramble,corp,january,1,2025,preferred,stock,7%,$100", "question_title_h1": " The stockholders' equity accounts of Bramble Corp. on January 1, 2025, were as follows. Preferred Stock (7%, $100 par noncumulative, 4,500 shares authorized) Common", "question_title": " The stockholders' equity accounts of Bramble Corp. on January 1, 2025,", "question_title_for_js_snippet": "The stockholders' equity accounts of Bramble Corp on January 1, 2025, were as follows Preferred Stock (7 , $100 par noncumulative, 4,500 shares authorized) Common Stock ($4 stated value, 270,000 shares authorized) $270,000 900,000 Paid in Capital in Excess of Par Preferred Stock 13,500 Paid in Capital in Excess of Stated Value Common Stock 432,000 Retained Earnings 619,200 Treasury Stock (4,500 common shares) 36,000 During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity Feb 1 Issued 4,500 shares of common stock for $27,000 Mar 20 Purchased 900 additional shares of common treasury stock at $7 per share Oct 1 Declared a 7 cash dividend on preferred stock, payable November 1 Nov 1 Paid the dividend declared on October 1 Dec 1 Declared a $0 50 per share cash dividend to common stockholders of record on December 15, payable December 31, 20 Dec 31 Determined that net income for the year was $254,000 Paid the dividend declared on December 1 Prepare the stockholders' equity section of the balance sheet at December 31, 2025 (Enter account name only and do not provide descriptive information ) BRAMBLE CORP Partial Balance Sheet $ $ $ Calculate the payout ratio, earnings per share, and return on common stockholders' equity (Note Use the common shares outstanding on January 1 and December 31 to determine the average shares outstanding ) (Round answers to 2 decimal places for per unit and percentage, e g 17 50 or 17 50 ) Payout ratio Earnings per share Return on common stockholders' equity A do ", "question_description": "\"image\"image\"image\"image", "transcribed_text": "The stockholders' equity accounts of Bramble Corp. on January 1, 2025, were as follows. Preferred Stock (7%, $100 par noncumulative, 4,500 shares authorized) Common Stock ($4 stated value, 270,000 shares authorized) $270,000 900,000 Paid-in Capital in Excess of Par-Preferred Stock 13,500 Paid-in Capital in Excess of Stated Value-Common Stock 432,000 Retained Earnings 619,200 Treasury Stock (4,500 common shares) 36,000 During 2025, the corporation had the following transactions and events pertaining to its stockholders' equity. Feb. 1 Issued 4,500 shares of common stock for $27,000. Mar. 20 Purchased 900 additional shares of common treasury stock at $7 per share. Oct. 1 Declared a 7% cash dividend on preferred stock, payable November 1. Nov. 1 Paid the dividend declared on October 1. Dec. 1 Declared a $0.50 per share cash dividend to common stockholders of record on December 15, payable December 31, 20 Dec. 31 Determined that net income for the year was $254,000. Paid the dividend declared on December 1. Prepare the stockholders' equity section of the balance sheet at December 31, 2025. (Enter account name only and do not provide descriptive information.) BRAMBLE CORP. Partial Balance Sheet $ $ $ Calculate the payout ratio, earnings per share, and return on common stockholders' equity. (Note: Use the common shares outstanding on January 1 and December 31 to determine the average shares outstanding.) (Round answers to 2 decimal places for per unit and percentage, e.g. 17.50 or 17.50%.) Payout ratio Earnings per share Return on common stockholders' equity +A % do %", "related_book": { "title": "Survey of Accounting", "isbn": "1285974360, 1285183487, 9781285974361, 978-1285183480", "edition": "7th edition", "authors": "Carl S. Warren", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/280.jpg", "uri": "\/textbooks\/survey-of-accounting-7th-edition-280", "see_more_uri": "" }, "free_related_book": { "isbn": "0881651311", "uri": "\/textbooks\/exchange-rate-policy-in-emerging-market-economies-the-case-for-floating-1st-edition-978-0881651317-260408", "name": "Exchange Rate Policy In Emerging Market Economies The Case For Floating", "edition": "1st Edition" }, "question_posted": "2024-05-22 06:05:21", "see_more_questions_link": "\/study-help\/questions\/business-corporate-finance-2020-July-01", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/questions\/q3-if-you-were-in-charge-of-bd-indicate-the-295903", "description": "If you were in charge of B&D, indicate the possible decisions you might take as regards the four Ps and the points you would want to keep in mind as you go about the task of marketing for...", "stars": 3 }, { "url": "\/draw-and-name-all-the-chlorinated-benzenes-having-from-one", "description": "Draw and name all the chlorinated benzenes having from one to six chlorine atoms.", "stars": 3 }, { "url": "\/study-help\/federal-taxation\/lo1-discuss-whether-property-that-is-classified-as-personal-use-1921649", "description": "LO.1 Discuss whether property that is classified as personal use is subject to cost recovery.", "stars": 3 }, { "url": "\/study-help\/introduction-to-probability-statistics\/student-teachers-are-trained-to-develop-lesson-plans-on-the-1980963", "description": "Student teachers are trained to develop lesson plans, on the assumption that the writ- ten plan will help them perform successfully in the classroom. 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