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    "meta_title": "[Solved] The Stockholders Equity section of the Ba | SolutionInn",
    "meta_description": "Answer of - The Stockholders Equity section of the Balance Sheet of Carpenter Corporation on December 31, 2015, showed Cumulative | SolutionInn",
    "meta_keywords": "stockholders,equity,section,balance,sheet,carpenter,corporation,december,31,2015,showed,cumulative",
    "question_title_h1": "The Stockholders Equity section of the Balance Sheet of Carpenter Corporation on December 31, 2015, showed Cumulative Preferred 8% Stock, $48 par (1,220 shares authorized,",
    "question_title": "The Stockholders Equity section of the Balance Sheet of Carpenter Corporation on",
    "question_title_for_js_snippet": "The Stockholders Equity section of the Balance Sheet of Carpenter Corporation on December 31, 2015, showed Cumulative Preferred 8  Stock, $48 par (1,220 shares authorized, 524 shares issued)  Common Stock, $23 par (28,895 shares authorized, 10,295 shares issued)  and Retained Earnings of $1,076  The Notes to the Financial Statements in the Annual Corporate Report for 2015 indicate that the market values of the stock are $42 per share (Cumulative Preferred) and $18 per share (Common)  Forecasts in the Annual Report also indicate that investments in future growth in 2016 are expected to result in sustained increased profits  In consideration of these matters, the Board of Directors has secured approval from the Securities and Exchange Commission for a bond issuance  The Board of Directors has also decided to forego paying dividends in 2015, and to repurchase shares of the corporations common stock at par, with a view to reselling the stock when market rates rise with increased profitability  On January 2, 2016, $245,415 in 10 year, 7  bonds with a market interest rate of 9 , and interest payable semiannually, were issued for $182,517  On January 3, the corporation purchased 2,010 shares of its common stock at par  Profits soared during 2016, and on May 1, the corporation resold 1,537 shares of treasury stock, at $5 above par  On June 30, bond interest was paid  On December 31, the corporation showed an after tax Net Income of $50,614  On December 31, bond interest was paid  and dividends were declared and paid  Common shareholders received $2 17 per share  What is the effect of the stock and bond transactions on Cash on the Balance Sheet on December 31, 2016 ",
    "question_description": "<p>The Stockholders Equity section of the Balance Sheet of Carpenter Corporation on December 31, 2015, showed Cumulative Preferred 8% Stock, $48 par (1,220 shares authorized, 524 shares issued); Common Stock, $23 par (28,895 shares authorized, 10,295 shares issued); and Retained Earnings of $1,076. The Notes to the Financial Statements in the Annual Corporate Report for 2015 indicate that the market values of the stock are $42 per share (Cumulative Preferred) and $18 per share (Common). Forecasts in the Annual Report also indicate that investments in future growth in 2016 are expected to result in sustained increased profits. In consideration of these matters, the Board of Directors has secured approval from the Securities and Exchange Commission for a bond issuance. The Board of Directors has also decided to forego paying dividends in 2015, and to repurchase shares of the corporations common stock at par, with a view to reselling the stock when market rates rise with increased profitability. On January 2, 2016, $245,415 in 10 year, 7% bonds with a market interest rate of 9%, and interest payable semiannually, were issued for $182,517. On January 3, the corporation purchased 2,010 shares of its common stock at par. Profits soared during 2016, and on May 1, the corporation resold 1,537 shares of treasury stock, at $5 above par. On June 30, bond interest was paid. On December 31, the corporation showed an after tax Net Income of $50,614. On December 31, bond interest was paid; and dividends were declared and paid. Common shareholders received $2.17 per share. What is the effect of the stock and bond transactions on Cash on the Balance Sheet on December 31, 2016?<\/p>",
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