Delphian Corporations balance sheet as of December 31, 2024, follows: Requirements 1. Journalize Delphians transactions for 2025.

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Delphian Corporation’s balance sheet as of December 31, 2024, follows:

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Requirements 

1. Journalize Delphian’s transactions for 2025.
2. Prepare the stockholders’ equity section of the balance sheet as of December 31, 2025.
Assume Delphian had net income of $20,000,000 during 2025 and that Cash Dividends and Stock Dividends have been closed to the Retained Earnings account.
3. Determine Delphian’s earnings per share for 2025.
4. Assuming Delphian’s market value per common share as of December 31, 2025, was $15, calculate Delphian’s price/earnings ratio for 2025. 

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Horngrens Financial And Managerial Accounting The Financial Chapters

ISBN: 9781292412320

7th Global Edition

Authors: Tracie Miller-Nobles, Brenda Mattison, Ella Mae Matsumura

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