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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 13-1A
Name:
Section:
For the Years 2011-2016
Preferred Dividends
Common Dividends
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Score:
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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 - -
2. Average annual dividend 0.30$ 0.12$
Problem 13-1A
Name:
Section:
Preferred Dividends
Solution
Common Dividends
Score:
Instructions
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ON
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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)
Key Code:
Instructions
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SUMMARY OF DIVIDENDS
0%
Problem 13-1B
Name:
Section:
For the Years 2011-2016
Preferred Dividends
Common Dividends
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Score:
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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
2. Average annual dividend 1.80$ 0.40$
Preferred Dividends
Common Dividends
Instructions
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SUMMARY OF DIVIDENDS
For the Years 2011-2016
Problem 13-1B
Name:
Solution
Section:
Score:
ON
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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
Cash Dividends
Key Code:
Stock Dividends
Paid-In Capital in Excess of Stated Value
Problem 13-4A
Name:
Section:
Common Stock
Score:
0%
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, $20 stated value
(500,000 shares authorized, 468,000 shares issued)
Excess of issue price over stated value
From sale of treasury stock
Total paid-in capital
Retained earnings
Total
Deduct treasury stock (30,000 shares at cost)
Total stockholders' equity
MORROW ENTERPRISES INC.
For the Period Ended December 31, 2016
Retained Earnings Statement
MORROW ENTERPRISES INC.
December 31, 2016
Stockholders' Equity
Balance Sheet
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1., 2.
Jan. 1 Bal. 7,500,000 Jan. 1 Bal. 450,000 June 6 450,000
June 6 200,000
Jan. 1 Bal. 825,000 Dec. 31 Bal. 200,000
Apr. 10 300,000
Dec. 31 493,800 Jan. 1 Bal. 33,600,000 July 5 450,000 Dec. 31 450,000
2.
Jan. 22 28,000
28,000
June 6 650,000
450,000
200,000
Nov. 23 570,000
Treasury Stock
Cash
Treasury Stock
Paid-In Capital from Sale of Treasury Stock
Cash Dividends Payable
Cash
Score:
ON
Instructions
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Problem 13-4A
Name:
Section:
Solution
Retained Earnings
Stock Dividends
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Common Stock
Treasury Stock
Paid-In Capital from Sale of Treasury Stock
Paid-In Capital in Excess of Stated Value
31 1,125,000
1,125,000
3.
Retained earnings (January 1, 2016) 33,600,000$
Net income 1,125,000$
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
Balance Sheet
December 31, 2016
Stockholders' Equity
Income Summary
Retained Earnings
Retained Earnings Statement
For the Period Ended December 31, 2016
MORROW ENTERPRISES INC.
MORROW ENTERPRISES INC.
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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
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
Score:
0%
Key Code:
Problem 13-4B
Name:
Section:
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, $5 stated value
(900,000 shares authorized, 844,600 shares issued)
Excess of issue price over stated value
From sale of treasury stock
Total paid-in capital
Retained earnings
Total
Deduct treasury stock (50,000 shares at cost)
Total stockholders' equity
December 31, 2016
Stockholders' Equity
Balance Sheet
NAV-GO ENTERPRISES INC.
For the Period Ended December 31, 2016
Retained Earnings Statement
NAV-GO ENTERPRISES INC.
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Enter a zero for the final balance if appropriate.
1., 2.
Jan. 1 Bal. 3,100,000 Jan. 1 Bal. 288,000 Mar. 15 288,000
Mar. 15 36,000
Jan. 1 Bal. 1,240,000 Dec. 31 Bal. 36,000
Dec. 31 248,068 Jan. 1 Bal. 4,875,000 June 14 184,500 Dec. 31 184,500
2.
Jan. 15 34,320
34,320
Mar. 15 324,000
288,000
July 16 123,000
123,000
Paid-In Capital from Sale of Treasury Stock
Paid-In Capital in Excess of Stated Value
ON
Instructions
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Common Stock
Stock Dividends Distributable
Common Stock
Problem 13-4B
Name:
Section:
Solution
Treasury Stock
Score:
Retained Earnings
Stock Dividends
Cash Dividends Payable
Cash
Cash
Treasury Stock
Dec. 30 63,568
63,568
3.
Retained earnings (January 1, 2016) 4,875,000$
Net income 775,000$
Less: Cash dividends (63,568)
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
NAV-GO ENTERPRISES INC.
Balance Sheet
December 31, 2016
NAV-GO ENTERPRISES INC.
Stockholders' Equity
Cash Dividends
Cash Dividends Payable
Retained Earnings Statement
For the Period Ended December 31, 2016
