financial accounting 习题答案文档(10)

Ex. 12–10

Feb. 13 Cash Dividends.................................................... 120,000

Cash Dividends Payable ................................

Mar. 15 No entry required.

Apr. 10 Cash Dividends Payable ..................................... 120,000

Cash ................................................................

Ex. 12–11

Feb. 9 No entry required. The stockholders ledger would be revised to

record the increased number of shares held by each stockholder.

Apr. 10 Cash Dividends.................................................... 57,000*

Cash Dividends Payable ................................

* [(12,000 shares × $1) + (900,000 shares

× $0.05)]

May 1 Cash Dividends Payable ..................................... 57,000

Cash ................................................................

Oct. 12 Cash Dividends.................................................... 147,000*

Cash Dividends Payable ................................

* [(12,000 shares × $1) + (900,000 shares

× $0.15)]

12 Stock Dividends................................................... 432,000**

Stock Dividends Distributable ......................

Paid-In Capital in Excess of

Par—Common Stock .....................................

** (900,000 shares × 1% × $48)

Nov. 14 Cash Dividends Payable .....................................

147,000

Cash ................................................................

14 Stock Dividends Distributable ............................ 360,000

Common Stock ...............................................

Ex. 12–12

Stockholders’ Equity

Paid-in capital:

120,000

120,000

57,000

57,000 147,000

360,000 72,000

147,000 360,000

Preferred $2 stock, $100 par (80,000 shares authorized,

7,500 shares issued) .................. Excess of issue price over par ....... Common stock, no par, $5 stated value (200,000 shares author- ized, 112,500 shares issued) ..... Excess of issue price over par ....... From sale of treasury stock ............ Total paid-in capital ...................

$750,000

90,000 $840,000

$562,500 75,000

637,500

63,750

$1,541,250

Ex. 12–13

BRAVO CORPORATION Retained Earnings Statement For the Year Ended July 31, 2006

Retained earnings, August 1, 2005 ................................... 2,213,400

Net income ......................................................................... Less dividends declared ................................................... Increase in retained earnings ........................................... Retained earnings, July 31, 2006 ......................................

$

$558,000

330,000 228,000 $2,441,400 Ex. 12–14

a. 1.9% ($1.26 ÷ $67.44)

b. Hershey’s dividend yield is above average for similar companies.

Thus, it is likely that most stockholders are looking for current dividends as well as an increase in market price.