This exercise will review the meaning of some important terminology related to the area of stockholders” equity.

A corporation”s common stock may have a par value or it may be a no-par stock. A no-par stock may or may not have a stated value.

The five different situations described below are examples of the various ways stockholders” equity may be structured:

Zollo Corporation has 100,000 authorized shares of $10 par value common stock. 60,000 shares were issued at an average price of $33 each. The balance of retained earnings at December 31, 2014 is $630,000.
Oiler Corporation has 50,000 authorized shares of no-par common stock. The stock has a stated value of $1 per share. 10,000 shares were issued at an average price of $25 each. The balance of retained earnings at December 31, 2014 is $140,000.
Kelly Corporation has 100,000 authorized shares of no-par common stock with no stated value. All of the 40,000 issued shares were sold for $24 each. The balance of retained earnings at December 31, 2014 is $300,000.
Scotty Corporation has 100,000 authorized shares of $40 par common stock. 70,000 shares were issued at an average price of $68. 6,000 of these shares were reacquired and are currently held in the treasury; they were purchased for $60 each. The balance of retained earnings at December 31, 2014 is $1,500,000.
Grennan Corporation has 200,000 authorized shares of $10 par common stock and 100,000 authorized shares of $100 par preferred stock. Over the years, 150,000 shares of common were issued at an average price of $40 per share and 50,000 shares of preferred were issued at average price of $102. There are 2,000 shares of treasury—common which were acquired at $30 per share. The balance of retained earnings at December 31, 2014 is $2,515,000.
Instructions

Assume it is December 31, 2014. For each of the independent situations above, determine the following:

(a) Total paid-in capital.

(b) Total stockholders” equity.

(c) Number of common stock shares outstanding.

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Benefits of our college essay writing service

  • 80+ disciplines

    Buy an essay in any subject you find difficult—we’ll have a specialist in it ready

  • 4-hour deadlines

    Ask for help with your most urgent short tasks—we can complete them in 4 hours!

  • Free revision

    Get your paper revised for free if it doesn’t meet your instructions.

  • 24/7 support

    Contact us anytime if you need help with your essay

  • Custom formatting

    APA, MLA, Chicago—we can use any formatting style you need.

  • Plagiarism check

    Get a paper that’s fully original and checked for plagiarism

What the numbers say?

  • 527
    writers active
  • 9.5 out of 10
    current average quality score
  • 98.40%
    of orders delivered on time
error: