Problem 18-12 Various shareholders' equity topics; comprehensive [LO18-1, 18-4, 18-5, 18-6, 18-7, 18-8]
Part A
In late 2017, the Nicklaus Corporation was formed. The corporate
charter authorizes the issuance of 6,000,000 shares of common stock
carrying a $1 par value, and 2,000,000 shares of $5 par value,
noncumulative, nonparticipating preferred stock. On January 2,
2018, 4,000,000 shares of the common stock are issued in exchange
for cash at an average price of $10 per share. Also on January 2,
all 2,000,000 shares of preferred stock are issued at $25 per
share.
Required:
1. Prepare journal entries to record these
transactions.
2. Prepare the shareholders' equity section of the
Nicklaus balance sheet as of March 31, 2018. (Assume net income for
the first quarter 2018 was $1,900,000.)
Part B
During 2018, the Nicklaus Corporation participated in three
treasury stock transactions:
Required:
1. Prepare journal entries to record these
transactions.
2. Prepare the Nicklaus Corporation shareholders'
equity section as it would appear in a balance sheet prepared at
September 30, 2018. (Assume net income for the second and third
quarter was $3,400,000.)
Part C
On October 1, 2018, Nicklaus Corporation receives permission to
replace its $1 par value common stock (6,000,000 shares authorized,
4,000,000 shares issued, and 3,800,000 shares outstanding) with a
new common stock issue having a $.50 par value. Since the new par
value is one-half the amount of the old, this represents a 2-for-1
stock split. That is, the shareholders will receive two shares of
the $.50 par stock in exchange for each share of the $1 par stock
they own. The $1 par stock will be collected and destroyed by the
issuing corporation.
On November 1, 2018, the Nicklaus Corporation declares a $0.21 per
share cash dividend on common stock and a $0.38 per share cash
dividend on preferred stock. Payment is scheduled for December 1,
2018, to shareholders of record on November 15, 2018.
On December 2, 2018, the Nicklaus Corporation declares a 1% stock
dividend payable on December 28, 2018, to shareholders of record on
December 14. At the date of declaration, the common stock was
selling in the open market at $10 per share. The dividend will
result in 76,000 (0.01 × 7,600,000) additional shares being issued
to shareholders.
Required:
1. Prepare journal entries to record the
declaration and payment of these stock and cash dividends.
2. Prepare the December 31, 2018, shareholders'
equity section of the balance sheet for the Nicklaus Corporation.
(Assume net income for the fourth quarter was $2,900,000.)
3. Prepare a statement of shareholders' equity for
Nicklaus Corporation for 2018.
In: Accounting
Hello There,
This is discussion Question
For Advanced Database Systems
Question:
(a) Please define what a “trigger” is. If your answer is from the textbook, please state which page of the textbook from which you got the definition. If your answer is not from the textbook, please also include the complete reference.
(b) Please define what “PL/SQL” is. If your answer is from the textbook, please state which page of the textbook from which you got the definition. If your answer is not from the textbook, please also include the complete reference.
(c) Please define what a “transaction” is. If your answer is from the textbook, please state which page of the textbook from which you got the definition. If your answer is not from the textbook, please also include the complete reference.
(d) Please define “concurrency control” in database operations. If your answer is from the textbook, please state which page of the textbook from which you got the definition. If your answer is not from the textbook, please also include the complete reference.
Thank you
In: Computer Science
Physicians at a clinic gave what they thought were drugs to 860860 patients. Although the doctors later learned that the drugs were really placebos, 5656 % of the patients reported an improved condition. Assume that if the placebo is ineffective, the probability of a patients condition improving is 0.530.53. Test the hypotheses that the proportion of patients improving is >0.53
In: Math
On January 1, 2018, bonds with a face value of $ 79,000 were sold.
The bonds mature on January 1, 2028. The face interest rate is
8%. The bonds pay interest semiannually on July 1 and January 1.
The market rate of interest is 12%. What is the market price of
the bonds on January 1, 2018? The present value of $1 for 20
periods at 6% is 0.312. The present value of an ordinary annuity
of $1 for 20 periods at 6% is 11.47. The present value of $1 for
20 periods at 4% is 0.456. The present value of an ordinary
annuity of $1 for 20 periods at 4% is 13.59. (Round your final
answer to the nearest dollar.)
A.79,000
B.82,160
C.60,893
D.78,968
In: Accounting
How do I make this sort in true alphabetical order instead of ascii(ABCabc) order? I am trying to get AaBbCc. Currently I get ABCabc. please help... here is the code using VB:
Public Class frmTransfer
Dim strSortArray() As String
Private Sub txtInput_TextChanged(sender As Object, e As EventArgs) Handles txtInput.TextChanged
Dim intUpper As Integer
Dim intCount As Integer
intUpper = Len(txtInput.Text) - 1 REM -1 because array starts at 0
For Each chr As Char In txtInput.Text REM for each chr(character) entered as a character in the text box
If ((Asc(chr) > 64) And (Asc(chr) < 91)) Or ((Asc(chr) > 96) And (Asc(chr) < 123)) Or ((Asc(chr) > 31) And (Asc(chr) < 65)) Then REM If the character entered is a letter
ReDim Preserve strSortArray(intUpper) REM preservers previous data and adds new slot to array
strSortArray(intCount) = chr REM sets the array at position intCount equal to chr
intCount = intCount + 1 REM increases intCount by 1
End If
Next chr
End Sub
Private Sub btnTransfer_Click(sender As Object, e As EventArgs) Handles btnTransfer.Click
Dim X As Integer
Dim Y As Integer
Dim temp As String
For X = LBound(strSortArray) To (UBound(strSortArray) - 1)
For Y = LBound(strSortArray) To (UBound(strSortArray) - 1)
If Asc(strSortArray(Y)) > Asc(strSortArray(Y + 1)) Then
' exchange the items
temp = strSortArray(Y)
strSortArray(Y) = strSortArray(Y + 1)
strSortArray(Y + 1) = temp
End If
Next Y
Next X
lblOutput.Text = String.Join("", strSortArray)
End Sub
End Class
In: Computer Science
As a healthcare provider in physical therapy, athletic training, or as an exercise scientist and personal trainer you will be exposed to individuals who smoke or have an addiction to nicotine. For this assignment, I would like you to write approximately 2 paragraphs describing the physiological effects caused by smoking tobacco and relating these effects to ganglionic stimulation.
In: Biology
In: Economics
10. What are the three monetary policy tools of the Fed? Briefly describe how each tool can be used to implement an expansionary monetary policy and a contractionary monetary policy.
In: Economics
In what ways would the role of a manager working in a nonstandard international assignment arrangement differ from that of a typical expatriate manager?
In: Operations Management
Write a Bash script called move that could replace the UNIX command mv. 'move' tries to rename the source file (using the UNIX command mv), but if the destination file exists, appends an index number, a sort of version number, to the destination file. So if the user types:
move a.txt b.txt
and b.txt already exists, move will rename the file to b.txt.1. If b.txt.1 already exists, move must rename the file to be b.txt.2, and so on, until the file can be successfully renamed with a name that does not already exist.
This is what I have so far but for some reason instead of indexing the filenames .1, .2, .3 it does .1, .1.1, .1.1.1 which I am confused on how to fix.
#!/bin/bash
if [ -f "$1" ] && [ -f "$2" ]; then
x = 1
while [ -f $2"."$x ]
do
x=$((x+1))
done
mv $1 $2"."$x
else
mv $1 $2
fi
In: Computer Science
he Sleeping Teaching AssistantA university computer science department has a teaching assistant (TA) whohelps undergraduate students with their programming assignments duringregular ofFce hours. The TA’s ofFce is rather small and has room for only onedesk with a chair and computer. There are three chairs in the hallway outsidethe ofFce where students can sit and wait if the TA is currently helping anotherstudent. When there are no students who need help during ofFce hours, theTA sits at the desk and takes a nap. If a student arrives during ofFce hoursand Fnds the TA sleeping, the student must awaken the TA to ask for help. If astudent arrives and Fnds the TA currently helping another student, the studentsits on one of the chairs in the hallway and waits. If no chairs are available, thestudent will come back at a later time
In: Computer Science
HF(g) + H2O(l) = H3O+(aq) + F-(aq)
In the following equilibrium in a closed system, indicate how the equilibrium is shifted by the indicated stress:
(a) Additional HF(g) is added to the
system.
(b) Water is added.
(c) Ca(NO3)2 solution is added, and CaF2
precipitates. (d) The volume is reduced.
(e) KOH is added.
(f) A catalyst is added.
In: Chemistry
: Write a paragraph to reflect on what you have learned about Microsoft access in terms of the difference between relational databases versus spreadsheets. Discuss ways in which a relational database could be useful for your work (if you have a job) or for your personal or professional projects (if you are a full-time student)
In: Computer Science
Consider two markets: the market for cat food and the market for dog food. The initial equilibrium for both markets is the same, the equilibrium price is $3.50$3.50, and the equilibrium quantity is 35.035.0. When the price is $9.75$9.75, the quantity supplied of cat food is 59.059.0 and the quantity supplied of dog food is 107.0107.0. For simplicity of analysis, the demand for both goods is the same.
Using the midpoint formula, calculate the elasticity of supply for dog food. Please round to two decimal places.
In: Economics