Change in Stockholders’ Equity Previous Year Current Year Net Income $35,000 $48,000 Average stockholders' equity 1,000,000 1,500,000 Dividend per common share 1.90 2.00 Earnings per share 2.85 3.20 Market price per common share, year-end 19.00 21.00 Nikron Corporation issued 20,000 shares of $0.50 par value common stock during the year for $20 each. Nikron also repurchased treasury stock for $15,000. Net income for the year was $140,000. The company also paid cash dividends of $25,000. What was the total change in Nikron’s stockholders’ equity for the year? Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer
Change in Stockholders’ Equity Previous Year Current Year Net Income $35,000 $48,000 Average stockholders' equity 1,000,000 1,500,000 Dividend per common share 1.90 2.00 Earnings per share 2.85 3.20 Market price per common share, year-end 19.00 21.00 Nikron Corporation issued 20,000 shares of $0.50 par value common stock during the year for $20 each. Nikron also repurchased treasury stock for $15,000. Net income for the year was $140,000. The company also paid cash dividends of $25,000. What was the total change in Nikron’s stockholders’ equity for the year? Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer Answer
Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter12: Corporations: Organization, Stock Transactions, And Dividends
Section: Chapter Questions
Problem 3PA: Selected stock transactions The following selected accounts appear in the ledger of Parks...
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Question
Change in
| Previous Year | Current Year | |
|---|---|---|
| Net Income | $35,000 | $48,000 |
| Average stockholders' equity | 1,000,000 | 1,500,000 |
| Dividend per common share | 1.90 | 2.00 |
| Earnings per share | 2.85 | 3.20 |
| Market price per common share, year-end | 19.00 | 21.00 |
Nikron Corporation issued 20,000 shares of $0.50 par value common stock during the year for $20 each. Nikron also repurchased
| Answer | Answer |
| Answer | Answer |
| Answer | Answer |
| Answer | Answer |
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| Answer |
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