None On March 20, 2024, Reddit, Inc. sold approximately 15 millionshares of common stock to outside investors for $34 pershare. What was effect of this transaction on Reddit's balancesheet?Shareholders' deficit decreased by $510 million and contra-assetsdecreased by $510 millionO Cash increased by $510 million and long-term assets increased by$510 millionO Common stock revenue increased by $510 million andshareholders' equity increased by $510 millionCash increased by $510 million and shareholders' equity increasedby $510 million

Reddit, Inc. received cash in exchange for about 15 million shares of common stock that it sold to…

Answered: On March 20, 2024, Reddit, Inc. sold…

EBK CONTEMPORARY FINANCIAL MANAGEMENT

14th Edition

ISBN:9781337514835

Author:MOYER

Publisher:MOYER

Chapter3: Evaluation Of Financial Performance

Section: Chapter Questions

Problem 18P

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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, respectively
Skysong 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 Income
C. 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
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. 117,500
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 $90,000. It issued no stock during 2025. Prepare a statement of stockholders' equity. (Ignore income taxes).
Jungle Company’s account balances during 2024 showed the following changes, all increases: Total asset 3,600,000 Total liabilities 1,100,000 Ordinary share capital 2,400,000 Share premium 240,000 The retained earnings were affected by the following transactions; cash dividend of P520,000, property dividend of P480,000; a debit adjustment as a result of change in accounting policy of P200,000 and a credit adjustment as a result of a prior period error of P170,000. How much is Jungle’s net income/loss for 2024?
Yellow Enterprises reported the following ($ 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?
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…
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%
-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 30,000
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 $…
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?

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