Kaye Biotech Inc. had the following equity account balances at December 31, 2013: Preferred shares, $2.45, non-cumulative, Authorized: 20,000 shares Issued and outstanding: 5,000 shares ............................................................. $ 35,000 Common shares, Authorized: Unlimited Issued and outstanding: 85,000 shares........................................................... 287,695 Retained earnings............................................................................................... 40,600 On February 1, 2014, 5,000 preferred shares were issued at $7.70 each. The board of directors declared and paid the annual cash dividend on the preferred shares on June 30, 2014, and a 12% common share dividend was declared and distributed on the same day when the market price per common share was $4.20. On October 1, 2014, 20,000 common shares were issued at $4.34 each. Net income earned during 2014 was $408,800.
Required Using the information provided, prepare the statement of changes in equity for the year ended December 31, 2014.
Dividend A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...
Kaye Biotech Inc. had the following equity account balances at December 31, 2019: Preferred...... ... common share was $4.25. On October 1, 2020, 20,200 common shares were issued at $4.39 each. Profit earned during 2020 was $409,800. Required Using the information provided, prepare the statement of...
LR Enterprises Inc. had the following equity account balances at December 31, 2013: Preferred...... ... Accumulated Depreciation, Machinery, $653,850; Furniture, $78,000; Accumulated Depreciation, Furniture, $44,000; Accounts Payable, $41,000; Notes Payable (due March 2016), $27,000. Analysis...
LR Enterprises Inc. had the following equity account balances at December 31, 2019: Preferred...... ... Accumulated Depreciation, Machinery, $653,850; Furniture, $78,000; Accumulated Depreciation, Furniture, $44,000; Accounts Payable, $41,000; Notes Payable (due March 2022), $27,000. Analysis...
1. Are there any losers with the TUI system described in this case? If so, who are they? Is this system justified despite creating losers?2. Of the five competitive forces discussed in this case, which do you think TUI’s system affects?
Explain why each of the following situations is an agency problem and what costs to the firm might result from it. Suggest how the problem might be dealt with short of firing the individual(s) involved.a. The front desk receptionist routinely takes an extra 20 minutes of lunch time to run personal...
Find an equation of the tangent line to the graph of f(x) =e\", where x=0.8. The equation of the tangent line is (Type an equation. Type your answer in slope-intercept form. Use integers or decimals for any numbers in the equation. Round to two decimal places as needed,)
A 40-year-old female had recent surgery for melanoma of the left arm, documented as Clark level IV. She has no obvious signs of metastasis or adenopathy, but staging needs to be done. In the nuclear medicine suite, the skin surrounding the lesion was injected with Tc-99 sulfur colloid. The patient...
The income statement for Weatherford International Inc.s year ended December 31, 2014, was prepared by an inexperienced bookkeeper. As the new accountant, your immediate priority is to correct the statement. All amounts included in the statement are before tax (assume a rate of 30%). The company...
The equity section from the December 31, 2014 and 2015, balance sheets of Westburne Corporation appeared as follows: The following transactions occurred during 2015 (assume the retirements were the first ever recorded by Westburne): Required1. How many shares were outstanding on each of the cash...