which of the following actions will decrease retained earnings?abigail johnson nantucket home
At the end of 2017, what is total stockholders' equity? For 2023, on a stand-alone basis, we still expect cost, ex-litigation and FX, to increase by net 2% to 3% year-on-year, and we are on-track to deliver on our gross cost saving program of 1.1 . Cash is debited for $294,000. Retained earnings are affected by any increases or decreases in net income and dividends paid to shareholders. A : B : A : B) $604,800 Problem 9 - Classify accruals and deferrals Godart Co. issued $4,500,000 notes payable as a scrip dividend that matured in five years. The stock is actively traded at $9 per share. B) $32,000 Additional paidin capital (plug) Accordingly, RE will decrease and, since all affected accounts are elements of SE, total SE will not change. 100% (4 ratings) Stock Dividend declared will decrease the . PORTLAND, Ore., April 28, 2023 /PRNewswire/ -- Portland General Electric Company (NYSE: POR) today reported net income based on generally accepted accounting principles (GAAP) of $74 million, or $0.80 per diluted share, for the first quarter of 2023. Financial accounting chapter 13 Questions Flashcards | Quizlet Common stock 600 (300 $2) Log in Join. 111,961 . Effective April 27, year 2, the stockholders of Bennett Corporation approved a twoforone split of the company's common stock, and an increase in authorized common shares from 100,000 shares (par value $20 per share) to 200,000 shares (par value $10 per share). A) Dividends increase assets and decrease total stockholders' equity of a corporation. In this case, the dividend is a large stock dividend resulting in a transfer at par value. As a result of this stock dividend, what is the balance of Retained Earnings? (Assume the balance in Paid-In Capital from Treasury Stock Transactions on March 24 is $ 1,200.) B) debit to Cash for $170,000 and a credit to Paid-In Capital in Excess of Par-Common for $170,000 achieving capital gains on the stock purchases. Preferred Stock-$60 Par Value 240,000. This answer is correct. Following this transaction, what is total stockholders' equity? $6,750,000 A) issues new shares of stock on that date 33 min read. Common stock dividend distributable $13,500 low. C) The dividend is allocated $70,909 to preferred stockholders and $109,091 to common stockholders. B) internally generated equity that is earned by profitable operations that is not distributed to stockholders The land should be recorded at. ACNB : REPORTS 2023 FIRST QUARTER FINANCIAL RESULTS - Form 8-K What Three Types of Transactions Affect Retained Earnings? C) Paid-In Capital in Excess of Par-Common is debited for $16,150, and Common Stock-$0.05 Par Value is credited for $16,150. A) the current selling price of stock Stockholders may receive dividends from corporate earnings. D) 4.69%, 11.09% D) Debit Cash Dividends $100,000, and credit Cash $100,000. C. Both a stock split and a stock dividend will . paid-in capital; earned capital. B) The company transfers cash to the brokerage firm on the date of record. These factors will lead to net losses and subsequently, make the negative retained earnings. A) $334,000 $ 150,000 $ 1,350,000 Chapter 18: Shareholders' Equity Flashcards | Quizlet The par value per share decreases with a stock split but has no change with a stock dividend. total paid-in capital of $595,000. B) Paid-In Capital in Excess of Stated -Common for $63,000 Paid-In Capital in Excess of Par-Common (Round your answer to the nearest cent.) LO 14.2 The total amount of cash and other assets received by a corporation from the stockholders in exchange for the shares is ________. Paid in capital in xcess- par $256,000 The market price of Sol's 3,000 outstanding shares of $2 par value common stock was $9 per share on that date. Wood Co. owns 2,000 shares of Arlo, Inc.'s 20,000 shares of $100 par, 6% cumulative, nonparticipating preferred stock and 1,000 shares (2%) of Arlo's common stock. At what point are preferred dividends considered a liability? Explain what would The stock dividend was distributed on July 21, year 1, when the stock's market price was $10 per share. Total stockholders equity $1,261,000 $327,500 Intermediate Accounting II-Exam 2 Flashcards - Easy Notecards A) $1.22 d. less than 25%. B) stockholders' equity increases D. $4.50, $.50 Peterson, Inc. issued 4,000 shares of preferred stock for $240,000. Total Liabilities and Explore over 16 million step-by-step answers from our library. D) increases the number of shares outstanding, decreases the number of shares outstanding, Assume the following information for Petra Sales, Inc B) Treasury Stock- Common is credited for $910. The bottom line might be changed from negative to positive. $45.00 B) $113,400 Prepare the journal entry for the transaction. Revenue - Revenue was $28.65 billion, an increase of 3% year-over-year, and an increase of 6% year-over-year on a constant currency . ABC announces a stock split of 4-for-1. Candela Company has retained earnings of $500,000, common stock of $400,000, and total common stockholders' equity of $1,200,000. What is it missing in order for Jackson Essentials to be able to pay a cash dividend? Meta Reports First Quarter 2023 Results - TipRanks.com Journalize these transactions. Common stock dividend distributable (par value) $ 150,000 $ 350,000 $320,000 $305,000 B) can increase or decrease C) increases assets and decreases stockholders' equity A) decreases the number of shares outstanding A) Retained Earnings is debited for $400,000. At the beginning of Year 2, the Redd Company had the following balances in its accounts. Cash (14,000 x $21 ) 294,000 A) repayment of bond principal C) $6,979,500 B) $1,558,140