In: Accounting
1/ The stockholders’ equity of TVX Company at the beginning of the day on February 5 follows:
Common stock—$10 par value, 150,000 shares authorized, 69,000 shares issued and outstanding |
$ | 690,000 | |
Paid-in capital in excess of par value, common stock | 525,000 | ||
Retained earnings | 675,000 | ||
Total stockholders’ equity | $ | 1,890,000 | |
On February 5, the directors declare a 16% stock dividend
distributable on February 28 to the February 15 stockholders of
record. The stock’s market value is $41 per share on February 5
before the stock dividend. The stock’s market value is $35 per
share on February 28.
One stockholder owned 600 shares on February 5 before the dividend. Compute the book value per share and total book value of this stockholder’s shares immediately before and after the stock dividend of February 5. (Round your "Book value per share" answers to 3 decimal places.)
Before | After | |
Book value per share | $27.391 | |
Total book value of shares | $ |
2/ Required information
The following information applies to the questions displayed below.]
Duval Co. issues four-year bonds with a $101,000 par value on January 1, 2017, at a price of $96,990. The annual contract rate is 8%, and interest is paid semiannually on June 30 and December 31.
. Prepare an amortization table for these bonds. Use the straight-line method of interest amortization. (Round your answers to the nearest dollar amount.)
Semiannual | Unamortized | Carrying |
Period-End | Discount | Value |
1/01/2017 | ||
6/30/2017 | ||
12/31/2017 | ||
6/30/2018 | ||
12/31/2018 | ||
6/30/2019 | ||
12/31/2019 | ||
6/30/2020 | ||
12/31/2020 |
Part a
Before | After | |
Total Stockholders Equity | $ 18,90,000.00 | $ 18,90,000.00 |
/ Shares | 150000 | 174000 |
Book Value/Share | $ 12.60 | $ 10.86 |
Shares Owned | 600 | 696 |
Book Value of Shares | $ 7,560.00 |
$ 7,560.00 |
Part B
Period ends | Unamortized Discount | Carrying Value |
01.01.2017 | $ 4,010.00 | $ 96,990.00 |
30.06.2017 | $ 3,508.75 | $ 97,491.25 |
31.12.2017 | $ 3,007.50 | $ 97,992.50 |
30.06.2018 | $ 2,506.25 | $ 98,493.75 |
31.12.2018 | $ 2,005.00 | $ 98,995.00 |
30.06.2019 | $ 1,503.75 | $ 99,496.25 |
31.12.2019 | $ 1,002.50 | $ 99,997.50 |
30.06.2020 | $ 501.25 | $ 1,00,498.75 |
31.12.2020 | $ - | $ 1,01,000.00 |