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1.
Total
Year Dividends Total Per Share Total Per Share
2011
2012
2013
2014
2015
2016
Total
2. Average annual dividend
Divided by market price per share
3. Average return on investment (percent)
Problem 11-1A
Name:
Section:
For the Years 2011–2016
Preferred Dividends
Common Dividends
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SUMMARY OF DIVIDENDS
0%
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1.
Total
Year Dividends Total Per Share Total Per Share
2011 20,000$ 20,000$ 0.20$ –$ –$
2012 36,000 36,000 0.36 – –
2013 70,000 34,000 0.34 36,000 0.09
Problem 11-1A
Name:
Section:
Preferred Dividends
Solution
Common Dividends
Score:
Instructions
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SUMMARY OF DIVIDENDS
For the Years 2011–2016
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1.
Total
Year Dividends Total Per Share Total Per Share
2011
2012
2013
2014
2015
2016
Total
2. Average annual dividend
Divided by market price per share
3. Average return on investment (percent)
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Instructions
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SUMMARY OF DIVIDENDS
0%
Problem 11-1B
Name:
Section:
For the Years 2011–2016
Preferred Dividends
Common Dividends
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1.
Total
Year Dividends Total Per Share Total Per Share
2011 24,000$ 24,000$ 0.96$ –$ –$
2012 10,000 10,000 0.40 – –
2013 126,000 101,000 4.04 25,000 0.25
Preferred Dividends
Common Dividends
Instructions
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SUMMARY OF DIVIDENDS
For the Years 2011–2016
Problem 11-1B
Name:
Solution
Section:
Score:
[Key code here]
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1., 2.
Jan. 1 Bal. Jan. 1 Bal.
Dec. 31 Bal.
Dec. 31 Bal.
Jan. 1 Bal. Dec. 31 Bal.
Dec. 31 Bal.
Dec. 31 Bal.
Jan. 1 Bal.
Dec. 31 Bal.
Dec. 31 Bal.
Dec. 31 Bal.
2.
Jan. 22
Apr. 10
June 6
July 5
Aug. 15
Nov. 23
Dec. 28
Treasury Stock
Paid-In Capital from Sale of Treasury Stock
Stock Dividends Distributable
Paid-In Capital in Excess of Stated Value
Stock Dividends
Score:
0%
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Instructions
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Retained Earnings
Problem 11-4A
Name:
Section:
Common Stock
Cash Dividends
31
31
3.
Retained earnings, January 1, 2016
Net income
Less: Cash dividends
Stock dividends
Increase in retained earnings
Retained earnings, December 31, 2016
4.
Paid-in capital:
Common stock, $20 stated value
(500,000 shares authorized, 468,000 shares issued)
Excess of issue price over stated value
From sale of treasury stock
Total paid-in capital
Retained earnings
Total
Deduct treasury stock (30,000 shares at cost)
Total stockholders’ equity
MORROW ENTERPRISES INC.
December 31, 2016
Stockholders’ Equity
Balance Sheet
MORROW ENTERPRISES INC.
For the Period Ended December 31, 2016
Retained Earnings Statement
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1., 2.
Jan. 1 Bal. 7,500,000 Jan. 1 Bal. 450,000 June 6 450,000
Apr. 10 1,500,000 Nov. 23 570,000
Aug. 15 360,000 Dec. 31 Bal. 570,000
Dec. 31 Bal. 9,360,000
2.
Stock Dividends
Stock Dividends Distributable
Paid-In Capital in Excess of Stated Value
Common Stock
Jan. 22 28,000
28,000
Apr. 10 1,800,000
1,500,000
300,000
June 6 650,000
450,000
200,000
Instructions
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Common Stock
Treasury Stock
Problem 11-4A
Name:
Section:
Solution
Score:
ON
Paid-In Capital in Excess of Stated Value
Cash
Treasury Stock
Paid-In Capital from Sale of Treasury Stock
Cash Dividends Payable
Cash
Cash
Common Stock
31 1,125,000
1,125,000
3.
Retained earnings, January 1, 2016 33,600,000$
4.
Paid-in capital:
Common stock, $20 stated value
(500,000 shares authorized, 468,000 shares issued) 9,360,000$
Excess of issue price over stated value 1,215,000
From sale of treasury stock
200,000
MORROW ENTERPRISES INC.
Balance Sheet
December 31, 2016
MORROW ENTERPRISES INC.
Stockholders’ Equity
Income Summary
Retained Earnings
Retained Earnings Statement
For the Period Ended December 31, 2016
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1., 2.
Jan. 1 Bal. Jan. 1 Bal.
Dec. 31 Bal.
Dec. 31 Bal.
Jan. 1 Bal. Dec. 31 Bal.
Dec. 31 Bal.
Dec. 31 Bal.
Jan. 1 Bal.
Dec. 31 Bal.
Dec. 31 Bal.
Dec. 31 Bal.
2.
Jan. 15
Mar. 15
Apr. 13
June 14
July 16
Oct. 30
Dec. 30
Score:
0%
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Problem 11-4B
Name:
Section:
Stock Dividends
Common Stock
Paid-In Capital in Excess of Stated Value
Cash Dividends
Instructions
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Retained Earnings
Treasury Stock
Paid-In Capital from Sale of Treasury Stock
Stock Dividends Distributable
31
31
3.
Retained earnings, January 1, 2016
Net income
Less: Cash dividends
Stock dividends
Increase in retained earnings
Retained earnings, December 31, 2016
4.
Paid-in capital:
Common stock, $5 stated value
(900,000 shares authorized, 844,600 shares issued)
Excess of issue price over stated value
From sale of treasury stock
Total paid-in capital
Retained earnings
Total
Deduct treasury stock (50,000 shares at cost)
Total stockholders’ equity
For the Period Ended December 31, 2016
Retained Earnings Statement
NAV-GO ENTERPRISES INC.
NAV-GO ENTERPRISES INC.
December 31, 2016
Stockholders’ Equity
Balance Sheet
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1., 2.
Jan. 1 Bal. 3,100,000 Jan. 1 Bal. 288,000 Mar. 15 288,000
Apr. 13 1,000,000 Oct. 30 300,000
July 16 123,000 Dec. 31 Bal. 300,000
Dec. 31 Bal. 4,223,000
Mar. 15 36,000
Jan. 1 Bal. 1,240,000 Dec. 31 Bal. 36,000
Apr. 13 600,000
2.
Stock Dividends
Stock Dividends Distributable
Paid-In Capital in Excess of Stated Value
Jan. 15 34,320
34,320
Mar. 15 324,000
288,000
36,000
Apr. 13 1,600,000
100,000
600,000
Cash Dividends Payable
Cash
Cash
Treasury Stock
Paid-In Capital from Sale of Treasury Stock
Cash
Common Stock
Paid-In Capital in Excess of Stated Value
Problem 11-4B
Name:
Section:
Solution
Paid-In Capital from Sale of Treasury Stock
Paid-In Capital in Excess of Stated Value
Treasury Stock
Score:
ON
Instructions
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Common Stock
63,568
31 775,000
775,000
31 248,068
184,500
63,568
3.
Retained earnings, January 1, 2016 4,875,000$
4.
Paid-in capital:
Common stock, $5 stated value
(900,000 shares authorized, 844,600 shares issued) 4,223,000$
Excess of issue price over stated value 1,901,500
Cash Dividends
NAV-GO ENTERPRISES INC.
Balance Sheet
December 31, 2016
NAV-GO ENTERPRISES INC.
Stockholders’ Equity
Cash Dividends Payable
Income Summary
Retained Earnings
Retained Earnings Statement
For the Period Ended December 31, 2016
Retained Earnings
Stock Dividends
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1st 2nd 3rd 4th
Year Year Year Year
a. Total dividend declared
Preferred dividend (current)
Preferred dividend in arrears
b.
Total preferred dividends
Preferred shares outstanding ÷
Preferred dividend per share
Dividend for common shares (a. − b.)
Common shares outstanding ÷
Common dividend per share
TRIPLE Z INC.
Distribution of Dividends
Years 1−4
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0%
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Exercise 11-1
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Section:
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1st 2nd 3rd 4th
Year Year Year Year
a. Total dividend declared 27,000$ 60,000$ 80,000$ 90,000$
Preferred dividend (current) 27,000$ 36,000$ 36,000$ 36,000$
Preferred dividend in arrears – 9,000 – –
Instructions
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ON
TRIPLE Z INC.
Distribution of Dividends
Years 1−4
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Exercise 11-1
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Solution
Section:
Score:
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Common Pd.-In Cap.
Stock in Excess Treasury Retained
$40 par of Par Stock Earnings Total
Balance, Jan. 1, 2016
Issued 30,000 shares of common stock
Purchased 12,000 shares as treasury stock
Net income
Dividends
Balance, Dec. 31, 2016
0%
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Exercise 11-19
Name:
Section:
Statement of Stockholders’ Equity
For the Year Ended December 31, 2016
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I-CARDS, INC.
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Common Pd.-In Cap.
Stock in Excess Treasury Retained
$40 par of Par Stock Earnings Total
Balance, Jan. 1, 2016 4,800,000$ 960,000$ –$ 11,375,000$ 17,135,000$
Issued 30,000 shares of common stock 1,200,000 300,000 – – 1,500,000
Statement of Stockholders’ Equity
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I-CARDS, INC.
For the Year Ended December 31, 2016
Exercise 11-19
Name:
Solution
Section:
Score:
Instructions
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ON