Abc sells 400 shares of its $23 par common stock for $27. the entry would entail credit(s) to

Alpha Corporation's has 1,500 shares of $40 par, 7% cumulative preferred stock and 2,200 shares of $10 par common stock. Alpha paid $10,000 in cash dividends including one-year dividends in arrears to preferred stockholders. Common stockholders will receive: A. $0. B. $1,600. C. $220. D$5,800. Rhubarb Corporation’s outstanding stock is 100 shares of $100, 11% cumulative nonparticipating preferred stock, and 2,000 shares of $12 par value common stock. Rhubarb paid $1,600 cash dividends during the year. Common stockholders received __________.

A. $0

B. $500

C. $2,500

D. $1100.

Soy.com has 100 shares of $100, 6% cumulative nonparticipating preferred stock, and 1,000 shares of $10 par value common stock outstanding. The company paid $2,000 cash dividends, including one-year dividends in arrears to preferred stockholders. Preferred stockholders received A. $1,200. B. $2,000. C. $182. D. $600.

Which of the following would normally not appear in the Stockholders’ Equity section of the balance sheet? A. Cash B. Paid-In Capital C. Common Stock D. Preferred Stock

In Exchange for $1,500 legal services to help set up the new company, Hickory Grove Corporation issued 100 shares of $10 par value stock to its attorney. The entry to record the issuance of the stock would include a A. credit to Common Stock for $1,000. B. debit to Common Stock for $1,000. C. credit to Common Stock for $1,500. D. debit to Paid-In Capital in Excess of Par Value for $500. The entry to record MidIowa.net’s selling 800 shares of $6.00 par value common stock at $8.00 would be to: A. Debit Cash $6,400; credit Common Stock $4,800; credit Paid-In Capital in Excess of Par Value—Common $1,600 B. Debit Cash $4,800; credit Common Stock $4,800 C. Debit Cash $6,400; debit Paid-In Capital in Excess of Par Value—Common $1,600; credit Common Stock $8,000 D. None of the above ABC sells 400 shares of its $23 par common stock for $27. The entry would entail credit(s) to

A. Cash for $9,200.

B. Paid-In Capital in Excess of Par—Common for $800 and Common Stock for $10,800.

C. Paid-In Capital in Excess of Par—Common for $1,600 and Common Stock for $9,200.

D. Common Stock for $10,800.

Alpha Corporation's has 1,500 shares of $40 par, 7% cumulative

preferred stock and 2,200 shares of $10 par common stock. Alpha

paid $10,000 in cash dividends including one

-

year dividends in

arrears to preferred stockholders. Common stockholders will

receive:

A. $0.

B. $1,600.

C. $220.

D

$

5,800.

Rhubarb Corporation’s outstanding stock is 100 shares of

$100, 11% cumulative nonparticipating preferred stock, and

2,000 shares of $12 par value common stock. Rhuba

rb paid

$1,600 cash dividends during the year. Common stockholders

received __________.

A. $0

B. $500

C. $2,500

D. $

1100.

Soy.com has 100 shares of $100, 6% cumulative nonparticipating preferred stock, and 1,000 shares of

$10 par value

common stock outstanding. The company paid $2,000 cash dividends, including one

-

year dividends in arrears to preferred stockholders. Preferred stockholders received

A. $1,200.

B. $2,000.

C. $182.

D. $600.

Alpha Corporation's has 1,500 shares of $40 par, 7% cumulative

preferred stock and 2,200 shares of $10 par common stock. Alpha

paid $10,000 in cash dividends including one-year dividends in

arrears to preferred stockholders. Common stockholders will receive:

A. $0.

B. $1,600.

C. $220.

D$5,800.

Rhubarb Corporation’s outstanding stock is 100 shares of

$100, 11% cumulative nonparticipating preferred stock, and

2,000 shares of $12 par value common stock. Rhubarb paid

$1,600 cash dividends during the year. Common stockholders

received __________.

A. $0

B. $500

C. $2,500

D. $1100.

Soy.com has 100 shares of $100, 6% cumulative nonparticipating preferred stock, and 1,000 shares of

$10 par value common stock outstanding. The company paid $2,000 cash dividends, including one-

year dividends in arrears to preferred stockholders. Preferred stockholders received

A. $1,200.

B. $2,000.

C. $182.

D. $600.