1050 words using Lachlin Corporation balance sheet located on p.575 of financial accounting

Anonymous
timer Asked: Apr 5th, 2017
account_balance_wallet $15

Question description

the following questions in 1,050 words using the Lachlin Corporation Balance Sheet located on p. 575 of Financial Accounting:

  • How many shares of common stock are outstanding?
  • Assuming there is a stated value, what is the stated value of the common stock?
  • What is the par value of the preferred stock?
  • If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock?
  • If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings?

Name Section Date Exercises 11-4 E11-4 Lachlin Corporation (a) (b) (c) (d) (e) 627 xercises 11-4 627
Purpose of Assignment The purpose of this assignment is to help you become familiar with examining the stockholders' equity section of the balance sheet. Assignment Steps Resources: Financial Accounting: Tools for Business Decision Making, Ch. 11 Answer the following questions in 1,050 words using the Lachlin Corporation Balance Sheet located on p. 575 of Financial Accounting: • • • • • How many shares of common stock are outstanding? Assuming there is a stated value, what is the stated value of the common stock? What is the par value of the preferred stock? If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock? If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? Use the Week 4 Excel® spreadsheet and submit with your answers. How to become familiar with examining the stockholders' equity section of the balance sheet. Write a 175-word individual response.
Stockholders’ Equity Section of the Balance Sheet Grading Guide ACC/291 Version 6 Principles of Accounting II Copyright Copyright © 2017, 2016, 2015, 2013 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Stockholders’ Equity Section of the Balance Sheet Grading Guide ACC/291 Version 6 Individual Assignment: Stockholders’ Equity Section of the Balance Sheet Purpose of Assignment The purpose of this assignment is to help you become familiar with examining the stockholders’ equity section of the balance sheet. Resources Required Financial Accounting: Tools for Business Decision Making Grading Guide Content Met Partially Met Not Met Total Available Total Earned 5 #/5 Partially Met Not Met Comments: Answered the following questions in 1,050 words using the Lachlin Corporation Balance Sheet (partial) below: • • • • • How many shares of common stock are outstanding? Assuming there is a stated Value, what is the stated value of the common stock? What is the par value of the preferred stock? If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock? If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? Writing Guidelines Met Comments: 2 Stockholders’ Equity Section of the Balance Sheet Grading Guide ACC/291 Version 6 Writing Guidelines Met Partially Met Not Met Total Available Total Earned 3 #/3 8 #/8 The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. Intellectual property is recognized with in-text citations and a reference page. Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. Sentences are complete, clear, and concise. Rules of grammar and usage are followed including spelling and punctuation. Assignment Total Additional comments: # Comments: 3
The stockholders' equity section of Lachlin Corporation's balance sheet at December 31 is presented here. instructions From a review of the stockholders' equity section, answer the following questions. (a) How many shares of common stock are outstanding? (b) Assuming there is a stated value, what is the stated value of the common stock? (c) What is the par value of the preferred stock? (d) If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock? (e) If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings?
Stockholders’ Equity Section of the Balance Sheet Grading Guide ACC/291 Version 6 Principles of Accounting II Copyright Copyright © 2017, 2016, 2015, 2013 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Stockholders’ Equity Section of the Balance Sheet Grading Guide ACC/291 Version 6 Individual Assignment: Stockholders’ Equity Section of the Balance Sheet Purpose of Assignment The purpose of this assignment is to help you become familiar with examining the stockholders’ equity section of the balance sheet. Resources Required Financial Accounting: Tools for Business Decision Making Grading Guide Content Met Partially Met Not Met Total Available Total Earned 5 #/5 Partially Met Not Met Comments: Answered the following questions in 1,050 words using the Lachlin Corporation Balance Sheet (partial) below: • • • • • How many shares of common stock are outstanding? Assuming there is a stated Value, what is the stated value of the common stock? What is the par value of the preferred stock? If the annual dividend on preferred stock is $36,000, what is the dividend rate on preferred stock? If dividends of $72,000 were in arrears on preferred stock, what would be the balance reported for retained earnings? Writing Guidelines Met Comments: 2 Stockholders’ Equity Section of the Balance Sheet Grading Guide ACC/291 Version 6 Writing Guidelines Met Partially Met Not Met Total Available Total Earned 3 #/3 8 #/8 The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. Intellectual property is recognized with in-text citations and a reference page. Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. Sentences are complete, clear, and concise. Rules of grammar and usage are followed including spelling and punctuation. Assignment Total Additional comments: # Comments: 3

Tutor Answer

winniecarols
School: UCLA

hi excellent The paper is ready

Name
Section
Date

Exercises 11-4

E11-4
Lachlin Corporation
Balance Sheet
(a)
less:
(b)

(c)

(d)

(e)

Issued shares
Shares issued and authorized
Outstanding common stock
Value of shares issued
Shares issued
Stated value of common stock
Preferred stock( 10000-6000)
Value of shares issued and authorized
Par vlalue of preferred stock
Annual dividend on preferred stock
Preferred stock( 10000-6000)
Dividend rate on preferred stock
Retained earnings
Dividends
Retained earnings balance

580000
-6000
574000
$2,900,000
580000
$5
4000
$600,000
$150
$36,000
4000
9%
$1,158,000
$72,000
$1,086,000

627

ercises 11-4

627


Surname [1]
Student’s Name
Professor’s Name
Accounting
5 April 2017
Examining the Statement of Stockholders’ Equity.
The statement of stockholders’ equity is a critical tool used to determine the
changes on the retained earnings and capital. Among the users of statement of stockholders’
statement include; investors, managers, and accountants. Basically, the statement provides the
user with a clear outline on the financing aspect of the firm or business or corporation or
company (Porter & Norton, 2012). This paper attempts to explore the various metrics used in
examining the stockholders’ equity statement, more so, from the balance sheet of Lachlin
Corporation.
Among the relevant metrics in our study include the outstanding shares, retained
earnings, dividends, and dividend rate. From the balance sheet, the stockholders’ equity is
classified i...

flag Report DMCA
Review

Anonymous
Outstanding Job!!!!

Similar Questions
Hot Questions
Related Tags

Brown University





1271 Tutors

California Institute of Technology




2131 Tutors

Carnegie Mellon University




982 Tutors

Columbia University





1256 Tutors

Dartmouth University





2113 Tutors

Emory University





2279 Tutors

Harvard University





599 Tutors

Massachusetts Institute of Technology



2319 Tutors

New York University





1645 Tutors

Notre Dam University





1911 Tutors

Oklahoma University





2122 Tutors

Pennsylvania State University





932 Tutors

Princeton University





1211 Tutors

Stanford University





983 Tutors

University of California





1282 Tutors

Oxford University





123 Tutors

Yale University





2325 Tutors