Bonita’s Stockholders’ Equity Assignment
February 19th, 2020
Bonita Corporation’s December 31, 2018 balance sheet showed the following:
| 8% preferred stock, $10 par value, cumulative, 20300shares | |
| authorized; 15300 shares issued | $ 153000 |
| Common stock, $10 par value, 2080000 shares authorized; | |
| 2030000 shares issued, 2010000 shares outstanding | 20300000 |
| Paid-in capital in excess of par—preferred stock | 59000 |
| Paid-in capital in excess of par—common stock | 25000000 |
| Retained earnings | 7600000 |
| Treasury stock (208000 shares) | 655200 |
Bonita’s total stockholders’ equity was
$45436800.
$53112000.
$52456800.
$53716800.
Swifty Corporation’s December 31, 2018 balance sheet showed the following:
| 7% preferred stock, $20 par value, cumulative, 9000 shares | |
| authorized; 6500 shares issued | $ 130000 |
| Common stock, $10 par value, 1000000 shares authorized; | |
| 975000 shares issued, 960000 shares outstanding | 9750000 |
| Paid-in capital in excess of par―preferred stock | 30000 |
| Paid-in capital in excess of par―common stock | 13660000 |
| Retained earnings | 3740000 |
| Treasury stock (14600 shares) | 315000 |
Swifty declared and paid a $59000 cash dividend on December 15, 2018. If the company’s dividends in arrears prior to that date were $10900, Swifty’s common stockholders received
$48100.
$39000.
no dividend.
$25000.
Coronado Corporation’s December 31, 2018 balance sheet showed the following:
| 7% preferred stock, $10 par value, cumulative, 18500shares | |
| authorized; 13500 shares issued | $ 135000 |
| Common stock, $10 par value, 2030000 shares authorized; | |
| 1980000 shares issued, 1960000 shares outstanding | 19800000 |
| Paid-in capital in excess of par—preferred stock | 60500 |
| Paid-in capital in excess of par—common stock | 24900000 |
| Retained earnings | 7660000 |
| Treasury stock (196000 shares) | 617400 |
Coronado’s total stockholders’ equity was
$44918100.
$51938100.
$53198100.
$52555500.
Oriole Corporation’s December 31, 2018 balance sheet showed the following:
| 7% preferred stock, $20 par value, cumulative, 15100shares | |
| authorized; 10100 shares issued | $ 202000 |
| Common stock, $10 par value, 940000 shares authorized; | |
| 915000 shares issued, 900000 shares outstanding | 9150000 |
| Paid-in capital in excess of par—preferred stock | 30000 |
| Paid-in capital in excess of par—common stock | 11520000 |
| Retained earnings | 3720000 |
| Treasury stock (14900 shares) | 312900 |
Oriole’s total paid-in capital was
$20902000.
$20589100.
$21214900.
$10952000.
