Questions
Changes in Shareholders' Equity On January 1, 2016, the Osgood Film Studios reported the following alphabetical...

Changes in Shareholders' Equity

On January 1, 2016, the Osgood Film Studios reported the following alphabetical list of shareholders' equity items:

Additional paid-in capital on common stock $179,775
Additional paid-in capital on preferred stock 20,000
Common stock, $2 par 84,600
Preferred stock, $100 par 100,000
Retained earnings 202,000

During 2016, the company sold 3,100 shares of common stock for $13 per share and 430 shares of preferred stock for $137 per share. It also earned income of $82,000 and paid dividends of $7 per share on the preferred stock and $2.50 per share on the common stock outstanding at the end of 2016.

Required:

Prepare Osgood's statement of shareholders' equity (include retained earnings) for 2016.

OSGOOD FILM STUDIOS
Statement of Shareholders' Equity
For Year Ended December 31, 2016
Preferred
Stock
$100 par
Common Stock $2 par Additional
Paid-in Capital
on Preferred Stock
Additional
Paid-in Capital
on Common Stock
Retained

Earnings


Total
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fill in the blank 13 fill in the blank 14 fill in the blank 15
fill in the blank 17 fill in the blank 18
fill in the blank 20 fill in the blank 21
fill in the blank 23 fill in the blank 24
$fill in the blank 26 $fill in the blank 27 $fill in the blank 28 $fill in the blank 29 $fill in the blank 30 $fill in the blank 31

In: Accounting

1.) Describe factors that may lead to changes in energy expenditure from a weight loss intervention....

1.) Describe factors that may lead to changes in energy expenditure from a weight loss intervention.

2.) Explain how the body regulates food intake. Consider organs involved, signals sent, etc.

In: Anatomy and Physiology

1. What have been the biggest changes that you have noticed in how you learn as...

1. What have been the biggest changes that you have noticed in how you learn as a

2. Would you be willing to take a blended delivery (partially in person and partially online)

3. Your employer has approached you to assume a managerial role. Although flattered, you are
also concerned about your ability to carry out the role successfully. What type of training or
development might you want to help you succeed? What would be the “core skills” and “soft
skills”?

4. What are some creative, and low cost/no cost, ways that an organization could make a new
employee feel welcome?

5. What are the four issues in evaluating training programs? Describe why each is important.

6. What are the benefits of a well-designed orientation process?

7. Why is there an increased emphasis on career development programs?

just skip question no. 1

In: Operations Management

Speculate about some worldwide changes likely to follow the advent of successful fusion reactors. Compare the...

Speculate about some worldwide changes likely to follow the advent of successful fusion reactors. Compare the advantages and disadvantages of electricity coming from a large central power station versus a network of many smaller solar-based stations owned and operated by individuals.

In: Physics

Exercise 9-11 Effects of Changes in Profits and Assets on Return on Investment (ROI) [LO9-1] [The...

Exercise 9-11 Effects of Changes in Profits and Assets on Return on Investment (ROI) [LO9-1] [The following information applies to the questions displayed below.] Fitness Fanatics is a regional chain of health clubs. The managers of the clubs, who have authority to make investments as needed, are evaluated based largely on return on investment (ROI). The company's Springfield Club reported the following results for the past year: Sales $ 820,000 Net operating income $ 22,140 Average operating assets $ 100,000 References Section BreakExercise 9-11 Effects of Changes in Profits and Assets on Return on Investment (ROI) [LO9-1] 1.value: 3.00 pointsRequired information Exercise 9-11 Part 1 Required: 1. Compute the Springfield club’s return on investment (ROI). (Round your Turnover answer to 2 decimal places. Round your Margin and ROI percentage answers to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) rev: 08_01_2016_QC_CS-56541 ReferenceseBook & Resources WorksheetDifficulty: 2 Medium Exercise 9-11 Part 1Learning Objective: 09-01 Compute return on investment (ROI) and show how changes in sales, expenses, and assets affect ROI. Ask your instructor a questionCheck my work 2.value: 3.00 pointsRequired information Exercise 9-11 Part 2 2. Assume that the manager of the club is able to increase sales by $82,000 and that, as a result, net operating income increases by $6,724. Further assume that this is possible without any increase in operating assets. What would be the club’s return on investment (ROI)? (Round your Turnover answer to 2 decimal places. Round your Margin and ROI percentage answers to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) ReferenceseBook & Resources WorksheetDifficulty: 2 Medium Exercise 9-11 Part 2Learning Objective: 09-01 Compute return on investment (ROI) and show how changes in sales, expenses, and assets affect ROI. Ask your instructor a questionCheck my work 3.value: 3.00 pointsRequired information Exercise 9-11 Part 3 3. Assume that the manager of the club is able to reduce expenses by $3,280 without any change in sales or operating assets. What would be the club’s return on investment (ROI)? (Round your Turnover answer to 2 decimal places. Round your Margin and ROI percentage answers to 2 decimal places (i.e., 0.1234 should be entered as 12.34).) ReferenceseBook & Resources WorksheetDifficulty: 2 Medium Exercise 9-11 Part 3Learning Objective: 09-01 Compute return on investment (ROI) and show how changes in sales, expenses, and assets affect ROI. Ask your instructor a questionCheck my work 4.value: 3.00 pointsRequired information Exercise 9-11 Part 4 4. Assume that the manager of the club is able to reduce operating assets by $50,000 without any change in sales or net operating income. What would be the club’s return on investment (ROI)? (Round your Turnover answer to 2 decimal places. Round your Margin and ROI percentage answers to 2 decimal places (i.e., 0.1234 should be entered as 12.34).)

In: Accounting

Panther Marine Instructions: Using the "changes columns" from the adjusted trial balance worksheet AND the below...

Panther Marine
Instructions: Using the "changes columns" from the adjusted trial balance worksheet AND the below additional information to create a statement of cash flows using the INDIRECT METHOD. Round all amounts to the nearest cent. The rest of the formatting is up to the student. Note that grades are based on organization and clarity of this financial statement. Other required items and additional information are:
a. Only use accounts that have changes or cash flows
b. Proper report title
c. Net change in cash, beginning cash balance, ending cash balance and cash per balance sheet MUST be included
d. All cash flow activities must be identified, organized, totaled, and clearly labeled
e. Assume all investment changes utilized only cash
f. Valuation allowance change is an investing activity
g. Assume all financing changes utilized only cash

h. Panther Marine considers bonds and notes as financing activities

June 30, 2016 June 30, 2017
Adjusted Adjusted
Trial Balance Changes Trial Balance
Acct. No. Account Title Dr. Cr. Debit Credit Dr. Cr
100 Cash            562,480.00           183,490.91           378,989.09
102 Accounts Receivable            822,633.00             67,233.00           755,400.00
103 Allowance for Doubtful Accounts             25,643.00              5,826.11             19,816.89
104 Merchandise Inventory            440,980.00             94,630.00           346,350.00
105 Estimated Returns Inventory              56,450.00             12,909.00             43,541.00
106 Office Supplies                1,250.00              1,215.00              2,465.00
107 Prepaid Insurance              12,500.00              2,000.00             10,500.00
120 Investments - Trading              45,000.00             15,000.00             60,000.00
121 Investments - Available for Sale              14,650.00             11,800.00             26,450.00
122 Investments - Held to Maturity              23,850.00             16,155.01             40,005.01
123 Valuation Allowance              27,000.00             62,000.00             35,000.00
140 Land         1,743,777.65           761,777.36        2,505,555.01
145 Building         1,893,723.48             50,000.00        1,843,723.48
146 Accumulated Depreciation - Building        1,504,955.01        1,500,000.00
151 Equipment              51,000.00             10,000.00             61,000.00
152 Accumulated Depreciation - Equipment             28,000.00             30,000.00
153 Office Furniture              32,500.00             10,000.00             22,500.00
154 Accumulated Depreciation - Office Furniture              3,500.00              4,500.00
201 Accounts Payable        1,156,000.00           251,150.00           904,850.00
202 Wages Payable                        -                          -  
203 Interest Payable                        -                          -  
204 Dividends Payable                        -                          -  
205 Unearned Rent              6,000.00              2,000.00              4,000.00
206 Customer Refunds Payable             35,682.00              6,654.60             29,027.60
250 Notes Payable             12,000.00           200,000.00           212,000.00
251 Bonds Payable           200,000.00           200,000.00           400,000.00
252 Premium on Bonds Payable                        -                          -  
253 Discount on Bonds Payable                         -                          -  
252 Mortgage (Warehouse) Payable           248,000.00             50,000.00           198,000.00
300 Common Stock, $1 Par, 100,000 Authorized; 65,500 shares Issued/Outstanding             50,000.00             15,500.00             65,500.00
301 Paid In Capital - Excess of Par           356,000.00           154,544.99           510,544.99
330 Retained Earnings        2,388,379.11        2,140,014.12
331 Cash Dividends                         -             100,000.00           100,000.00
340 Treasury Stock              38,000.00             20,000.00             18,000.00
341 Unrealized (Gain) Loss Available for Sale Securities                         -                          -                          -                          -  
500 Sales        1,142,580.00        1,468,529.98
600 Cost of Goods Sold            450,199.00           482,159.00
700 Wage Expense (hourly workers)            594,515.01           399,500.00
701 Salaries Expense (Exempt Staff)              89,000.00           129,000.00
702 Marketing Expense              65,000.00             75,000.00
703 Travel and Entertainment Expense                  525.00                 925.00
704 Bad Debt Expense                5,816.88              9,816.88
705 Property Tax Expense            111,104.10                        -  
706 Office Maintenance & Repair Expense                         -                          -  
707 Legal Expenses                         -                5,400.00
708 Insurance Expense                1,500.00              3,500.00
709 Utilities Expense              48,985.00             68,624.12
710 Office Supplies Expense                  400.00                 735.00
711 Telecommunications Expense                         -                   100.00
712 Depreciation Expense - Building                         -             100,000.00
713 Depreciation Expense - Equipment                4,000.00              2,000.00
714 Depreciation Expense - Office Furniture                  500.00              1,000.00
800 Rent Income                        -                2,000.00
801 Unrealized Gain - Trading Securities                        -                6,000.00
802 Realized Gain - Investment Securities                        -               51,955.01
900 Interest Expense                5,400.00             12,500.00
901 Unrealized Loss - Trading Securities              10,000.00             68,000.00
902 Realized Loss - Investment Securities                4,000.00              9,000.00
Total        7,156,739.120      7,156,739.120      7,581,738.590      7,581,738.590
        1,390,944.99        1,142,580.00        1,367,260.00        1,528,484.99
Net Income (Loss)          (248,364.99)           161,224.99

In: Accounting

Physical Development 1. Describe the changes in brain development that take place during toddlerhood, and identify...

Physical Development

1. Describe the changes in brain development that take place during toddlerhood, and identify the two most common methods of measuring brain activity.

2. Discuss how growth rate affects the eating habits of preschool children, and examine the most common nutritional problems of preschoolers.

In: Biology

If a taxpayer changes its taxable year, the interval between the last full taxable year prior...

If a taxpayer changes its taxable year, the interval between the last full taxable year prior to the change and the starting date of the new taxable year shall be considered as a short independent fiscal period.

The first year of a new taxpayer or the last year of a taxpayer in case of discontinuation or liquidation, may be a short independent fiscal year. Why? Explain with example.

In: Accounting

If a taxpayer changes its taxable year, the interval between the last full taxable year prior...

If a taxpayer changes its taxable year, the interval between the last full taxable year prior to the change and the starting date of the new taxable year shall be considered as a short independent fiscal period.

The first year of a new taxpayer or the last year of a taxpayer in case of discontinuation or liquidation, may be a short independent fiscal year. Why? Explain with example.

For every kind of money or activity there is a rule for calculating alms which are due on it. Some are calculated in relation to the total amount and others are calculated in relation to the net amount. Give two examples for each where alms are calculated on total amounts and where alms on calculated on net amounts.                  

Receptacle of Alms money calculated by subtracting liabilities which are due to be paid at that moment from alms assets. Assets which meet the conditions of obligatory alms are called Alms Assets. State the conditions of obligatory alms.

In: Accounting

Explain how you think Google’s purchase of Motorola Mobility changes the opportunity for iOS apps. In...

Explain how you think Google’s purchase of Motorola Mobility changes the opportunity for iOS apps. In theory, does this purchase cause you to believe it would be wiser for you to develop on the Android or on the Windows 10 phone?

In: Economics