On March 20, 2024, Reddit, Inc. sold approximately 15 million shares of common stock to outside investors for $34 per share. What was effect of this transaction on Reddit's balance sheet? Shareholders' deficit decreased by $510 million and contra-assets decreased by $510 million O Cash increased by $510 million and long-term assets increased by $510 million O Common stock revenue increased by $510 million and shareholders' equity increased by $510 million Cash increased by $510 million and shareholders' equity increased by $510 million
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- Chasse Building Supply Inc. reported net cash provided by operating activities of $243,000, capital expenditures of $112,900, cash dividends of $35,800, and average maturities of long-term debt over the next 5 years of $122,300. What is Chasses free cash flow and cash flow adequacy ratio? a. $94,300 and 0.77, respectively c. $130,100 and 1.06, respectively b. $94,300 and 0.82, respectively d. $165,900 and 1.36, respectivelySkysong Co. reports the following information for 2025: sales revenue $776,200, cost of goods sold $517,000, operating expenses $90,200, and an unrealized holding loss on available-for-sale debt securities for 2025 of $60,700. It declared and paid a cash dividend of $12,430 in 2025. Skysong Co. has January 1, 2025, balances in common stock $369,200; accumulated other comprehensive income $88,300; and retained earnings $98,980. It issued no stock during 2025. Prepare a statement of stockholders' equity. (Ignore income taxes.) > > Total SKYSONG CO. Statement of Stockholders' Equity LA Retained Earnings Accumulated Other Comprehensive IncomeC. Reither Co. reports the following information for 2025: sales revenue $700,000, cost of goods sold $500,000, operating expenses $80,000, and an unrealized holding loss on available-for-sale debt securities for 2025 of $60,000. It declared and paid a cash dividend of $10,000 in 2025, C. Reither Co. has January 1, 2025, balances in common stock $350,000; accumulated other comprehensive income $80,000; and retained earnings $90,000. It issued no stock during 2025. Prepare a statement of stockholders' equity. (Ignore income taxes.) Total C. REITHER CO. Statement of Stockholders' Equity $ Retained Earnings Accumulated Other Comprehensive Income Ih
- C. Reither Co. reports the following information for 2025: sales revenue $700,000 cost of goodssold $500,000, operating expenses $80,000, and an unreliazed holding loss on available-for-sale debt securities of 2025 of $60,000. It declared and paid a cash dividend of $10,000 in 2025. C. Reither Co. has Janaury 1, 2025, balances in common stock $350,000; accumulated other comprehensive income $80,000; and retained earnings $90,000. It issued no stock during 2025. Prepare a statement of stockholders' equity. (Ignore income taxes).Changes in the statement of financial position account balances for the Navaro Company during 2026 follows. Dividends declared during 2026 were P25,000. Account Increase (Decrease) Cash 95,500 Accounts receivable, net 92,000 Inventory (30,000) Building and equipment, net 190,000 Patents (5,000) Accounts payable (75,000) Bonds payable 150,000 Share capital 100,000 Share premium 50,000 Calculate the net income for the year assuming that no transactions other than the dividends effected retained earnings. A. 292,500 B. 267,500 C. 142,500 D. 117,500Yellow Enterprises reported the following ($ in thousands) as of December 31, 2024. All accounts have normal balances. Deficit (debit balance in retained earnings) $ 2,300 Common stock 3,800 Paid-in capital—share repurchase 1,800 Treasury stock (at cost) 300 Paid-in capital—excess of par 31,100 During 2025 ($ in thousands), net income was $9,700; 25% of the treasury stock was resold for $600; cash dividends declared were $630; cash dividends paid were $460. What ($ in thousands) was shareholders' equity as of December 31, 2025?
- The following is the excerpt of financial information of Dreamies Corporation on December 31, 2022: Account Amount Gross profit P5,000,000.00 Operating Expense 120,000.00 Other expense 300,000.00 Income Tax expense 50,000.00 Current Assets 450,000.00 Non-current assets 7,000,000.00 Total Liabilities 750,000.00 What percent is Dreamies Corporation's return on equity on December 31, 2022? (A) cannot be determined B) 60.8% 64.71% D) 67.61%Coronado Ltd. had sales revenue of £ 550,800 in 2022. Other items recorded during the year were: Cost of goods sold £ 336,600 Selling expenses 122,400 Income tax 25,500 Increase in value of employees 15,300 Administrative expenses 10,200 Prepare an income statement for Coronado for 2022. Coronado has 100,000 shares outstanding. (Round earnings per share to 2 decimal places, e.g. 1.48.) CORONADO LTDIncome Statementchoose the accounting period enter an income statement item £ enter a pound amount enter an income statement item enter a pound amount select a summarizing line for the first part enter a total amount for the first part enter an income statement item £ enter a pound amount enter an income statement item enter a pound amount enter a subtotal of the two previous amounts select a summarizing line for the second part enter a total amount for two parts enter an…RED Corporation's account balances during 2021 showed the following changes, all increases: Assets 3,560,000 Liabilities 1,080,000 Ordinary Share Capital Share premium 2,400,000 240,000 There were no changes in retained earnings in 2021 other than a P520,000 dividend payment and the year's earnings. How much is the net income(loss) for the year?
- The following table gives abbreviated balance sheets and income statements for Walmart. At the end of fiscal 2019, Walmart had 2,832 million shares outstanding with a share price of $94. The company's weighted-average cost of capital was about 5%. Assume a tax rate of 21%. Assets Current assets: Cash and marketable securities Accounts receivable Inventories Balance Sheet (figures in $ millions) Fiscal 2019 Other current assets Total current assets Fixed assets: Net fixed assets Other long-term assets Total assets ies and Shareholders' Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term debt Other long-term liabilities Total liabilities Total shareholders' equity Total liabilities and shareholders' equity Net sales Cost of goods sold Selling, general, and administrative expenses Depreciation Other income/expenses Earnings before interest and taxes (EBIT) Interest expense Taxable income Tax Net income Income Statement (figures in $…-Yellow Enterprises reported the following (5 in thousands) as of December 31, 2024. All accounts have normal balances. Deficit (debit balance in retained earnings) Common stock Paid-in capital-share repurchase Treasury stock (at cost) Paid-in capital-excess of par During 2025 ($ in thousands), net income was $9,000, 25% of the treasury stock was resold for $450, cash dividends declared were $600, cash dividends paid were $500 What (5 in thousands) was shareholders' equity as of December 31, 2024? Multiple Choice $28,600 $35.600 $30,400 $ 3,000 2,000 1,000 400 30,000Kunkun Inc. reported the following increase(decrease) in the account balances for the current year:Cash P 1,500,000 Equipment P3,000,000Accounts receivable 3,500,000 Accounts payable (800,000) Inventory 3,900,000 Bonds payable 2,000,000Investments (1,000,000) During the year, the entity sold for cash 100,000 shares with P20 par for P30 per share. Dividend of P4,500,000 was paid in cash. The entity borrowed P4,000,000 from the bank and paid off note of P1,000,000 and interest of P600,000. The entity had no other loan payable. Interest of P400,000 was payable on December 31. Interest payable on January 1 was P100,000. Equipment of P2,000,000 was donated by shareholder during the year. What was the net income for the year?