Jdawg

James Casa

Ex 13-2

Year 1

Preferred- 3,000/20,000= $.15

Common- 3,000/25,000= $.12

Year 2

Preferred= $.20

Common=$.16

Year 3

Preferred= $1.50

Common= $1.20

Year 4

Preferred= $4.00

Common= $$3.20

Ex 13-8

Cash 2,250,000

Common Stock (par) 2,250,000

Legal Fees 7,500

Common Stock (par) 7,500

Land 50,000

Building 275,000

Equipment 60,000

Common Stock 270,000

Paid in Capital 115,000

Cash 1,200,000

Preferred Stock 1,000,000

Paid in Capital 200,000

Ex 13-9

May 3 Cash Dividends 69,500

Cash Dividends Payable 69,500

Aug. 1 Cash Dividends Payable 69,500

Cash 69,500

Ex 13-11

A)

Mar. 4 Treasury Stock 450,000

Cash 450,000

Aug. 7 Cash 350,000

Treasury Stock 315,000

PiC 35,000

Nov. 29 Cash 132,000

PiC 3,000

Treasury Stock 135,000

B) 32,000

C) They may have had the thought that the value of their stock would go up, they would repurchase the share of stock and then resell.

Ex 13-16

A) 5,985,000 (Sum of all numbers less Treasury Stock-Common)

Ex 13-20

A) 40,000*4= 160,000

B) 300/4= 75

P3-A

A) Treasury Stock 300,000

PiC 240,000

Cash 540,000

B) Cash 462,000

Treasury Stock 210,000

PiC 252,000

C) Cash 285,000

Preferred Stock 187,500

PiC 97,500

D) Cash 1,800,000

Common Stock (par) 600,000

PiC 1,200,000

E) Cash 110,500

Treasury Stock 65,000

PiC 45,500

F) Cash Dividends 335,000

Cash Dividends Payable 335,000

P 5-A

Mar. 1 Cash Dividends 432,000

Cash Dividends Payable 432,000

Apr. 30 Cash Dividends Payable 432,000

Cash 432,000

July.9 Treasury Stock 1,950,000

Cash 1,950,000

Aug.29 Cash 1,280,000

Treasury Stock 1,040,000

PiC 240,000

Sept. 1 Cash Dividends 171,000

Cash Dividends Payable 171,000

Oct. 31 Cash Dividends Payable 171,000

Cash 171,000