Loading...

Messages

Proposals

Stuck in your homework and missing deadline? Get urgent help in $10/Page with 24 hours deadline

Get Urgent Writing Help In Your Essays, Assignments, Homeworks, Dissertation, Thesis Or Coursework & Achieve A+ Grades.

Privacy Guaranteed - 100% Plagiarism Free Writing - Free Turnitin Report - Professional And Experienced Writers - 24/7 Online Support

If common stock is issued for an amount greater

15/10/2021 Client: muhammad11 Deadline: 2 Day

A Company With 100,000 Authorized Shares Of $4 Par Common Stock Issued 40,000

Question 1
A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a 4% stock dividend on a date when the market price was $12 a share. What is the amount transferred from the Retained Earnings account to Paid-in Capital accounts as a result of the stock dividend?
Answer
$12,800
$19,200
$32,000
$48,800

Question 2
A corporation has 50,000 shares of $25 par value stock outstanding that has a current market value of $150. If the corporation issues a 5-for-1 stock split, the market value of the stock after the split will be approximately:
Answer
$25
$150
$5
$30

Question 3
A corporation has 50,000 shares of $25 par value stock outstanding that has a current market value of $120. If the corporation issues a 5-for-1 stock split, the par value of the stock after the split will be:
Answer
$5
$60
$25
$24

Question 4
A corporation issues 1,500 shares of common stock for $ 32,000. The stock has a stated value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for
Answer
$15,000
$32,000
$17,000
$2,000

Question 5
A corporation purchased 1,000 shares of its $5 par common stock at $10 and subsequently sold 500 of the shares at $20. What is the amount of revenue realized from the sale?
Answer
$0
$5,000
$2,500
$10,000

Question 6
A disadvantage of the corporate form of business entity is
Answer
mutual agency for stockholders
unlimited liability for stockholders
corporations are subject to more governmental regulations
the ease of transfer of ownership

Question 7
A restriction/appropriation of retained earnings
Answer
decreases total assets
increases total retained earnings
decreases total retained earnings
has no effect on total retained earnings

Question 8
Characteristics of a corporation include
Answer
shareholders who are mutual agents
direct management by the shareholders (owners)
its inability to own property
shareholders who have limited liability

Question 9
Earnings per share
Answer
is the net income per common share
must be reported by publicly traded companies
helps compare companies of different sizes
all of the above

Question 10
How is treasury stock shown on the balance sheet?
Answer
as an asset
as a decrease in stockholders' equity
as an increase in stockholders' equity
treasury stock is not shown on the balance sheet

Question 11
If common stock is issued for an amount greater than par value, the excess should be credited to
Answer
Retained Earnings.
Cash.
Legal Capital.
Paid-in Capital in Excess of Par Value.

Question 12
Miriah Inc. has 6,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2012. What is the annual dividend on the preferred stock?
Answer
$50 per share
$30,000 in total
$300 in total
$0.50 per share

Question 13
One of the main disadvantages of the corporate form is the
Answer
professional management
double taxation of dividends
charter
corporation must issue stock

Question 14
Samuels, Inc. reported net income for 2011 is $105,000. During 2011 the company had 5,000 shares of $100 par, 5% preferred stock and 20,000 of $5 par common stock outstanding. Samuels’ earnings per share for 2011 is
Answer
$4.00
$5.25
$6.50
$5.00

Question 15
Stockholders' equity
Answer
is usually equal to cash on hand
includes paid-in capital and liabilities
includes retained earnings and paid-in capital
is shown on the income statement

Question 16
The authorized stock of a corporation
Answer
must be recorded in a formal accounting entry.
only reflects the initial capital needs of the company.
is indicated in its by-laws.
is indicated in its charter.

Question 17
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?
Answer
5,000
45,000
40,000
50,000

Question 18
The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1 per share dividend is declared?
Answer
$60,000
$5,000
$100,000
$55,000

Question 19
The date on which a cash dividend becomes a binding legal obligation is on the
Answer
declaration date.
date of record.
payment date.
last day of the fiscal year end.

Question 20
The excess of issue price over par of common stock is termed a(n)
Answer
discount
income
deficit
premium

Question 21
The liability for a dividend is recorded on which of the following dates?
Answer
the date of record
the date of payment
the date of announcement
the date of declaration

Question 22
The par value per share of common stock represents
Answer
the minimum selling price of the stock established by the articles of incorporation.
the minimum amount the stockholder will receive when the corporation is liquidated
an arbitrary amount established in the articles of incorporation
the amount of dividends per share to be received each year

Question 23
Which of the following is not a right possessed by common stockholders of a corporation?
Answer
the right to vote in the election of the board of directors
the right to receive a minimum amount of dividends
the right to sell their stock to anyone they choose
the right to share in assets upon liquidation

Question 24
What is the total stockholders' equity based on the following account balances?
Common Stock
$450,000
Paid-In Capital in Excess of Par
90,000
Retained Earnings
190,000
Treasury Stock
10,000
Answer
$740,000
$730,000
$720,000
$640,000

Question 25
Those most responsible for the major policy decisions of a corporation are the
Answer
management.
board of directors.
employees.
stockholders.

Homework is Completed By:

Writer Writer Name Amount Client Comments & Rating
Instant Homework Helper

ONLINE

Instant Homework Helper

$36

She helped me in last minute in a very reasonable price. She is a lifesaver, I got A+ grade in my homework, I will surely hire her again for my next assignments, Thumbs Up!

Order & Get This Solution Within 3 Hours in $25/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 3 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 6 Hours in $20/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 6 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

Order & Get This Solution Within 12 Hours in $15/Page

Custom Original Solution And Get A+ Grades

  • 100% Plagiarism Free
  • Proper APA/MLA/Harvard Referencing
  • Delivery in 12 Hours After Placing Order
  • Free Turnitin Report
  • Unlimited Revisions
  • Privacy Guaranteed

6 writers have sent their proposals to do this homework:

High Quality Assignments
Academic Mentor
A+GRADE HELPER
A Grade Exams
Coursework Helper
Finance Homework Help
Writer Writer Name Offer Chat
High Quality Assignments

ONLINE

High Quality Assignments

I have worked on wide variety of research papers including; Analytical research paper, Argumentative research paper, Interpretative research, experimental research etc.

$27 Chat With Writer
Academic Mentor

ONLINE

Academic Mentor

As an experienced writer, I have extensive experience in business writing, report writing, business profile writing, writing business reports and business plans for my clients.

$38 Chat With Writer
A+GRADE HELPER

ONLINE

A+GRADE HELPER

I am an experienced researcher here with master education. After reading your posting, I feel, you need an expert research writer to complete your project.Thank You

$43 Chat With Writer
A Grade Exams

ONLINE

A Grade Exams

I am an academic and research writer with having an MBA degree in business and finance. I have written many business reports on several topics and am well aware of all academic referencing styles.

$25 Chat With Writer
Coursework Helper

ONLINE

Coursework Helper

As an experienced writer, I have extensive experience in business writing, report writing, business profile writing, writing business reports and business plans for my clients.

$15 Chat With Writer
Finance Homework Help

ONLINE

Finance Homework Help

I am a PhD writer with 10 years of experience. I will be delivering high-quality, plagiarism-free work to you in the minimum amount of time. Waiting for your message.

$28 Chat With Writer

Let our expert academic writers to help you in achieving a+ grades in your homework, assignment, quiz or exam.

Similar Homework Questions

Whipps cross hospital departments - Angus young 1970 sg - Inspire cert iv training and assessment - What is an exegesis - Week 7 discussion comment. - Question - Mid market rent edinburgh - NURSING: EVIDENCED-BASED PRACTICE PROJECT - Telstra interstate fibre link - Royal north shore maternity - Sqa higher music concepts - What are crocs core competencies - Paul's case literary criticism - Uci eee dropbox - How to see webassign answers - Picot question template - Trader joe's analysis - University of malta msida - Avista oxide 1kg jet black cement colouring - Who inhabited iceland first - The ovf descriptor is not available. - Preliminary work in construction - Million dollar baby character analysis - Why is it important that statistical research follow ethical guidelines - Graphing practice biology answer key - Assume f&s offers a deal whereby - 30645 rosemond dr franklin mi - Carlson auto dealers inc sells a handmade automobile - Government - Video analysis 3 - Altium link pcb to schematic - Case Study Analysis - Department of defence enterprise agreement - Statement of Purpose - Sales rep at universal containers create multiple quotes per opportunity - Essay paragraph structure teel - Headway in a sentence - Prince evans solicitors llp - The many identical residents of whoville - Picture book analysis example - Self-Review Assignment - Motion picture costumers 705 - Explore learning gizmo answers - In praise of the f word argumentative essay - Low voltage wiring diagrams - Elasticity of demand worksheet - Discussion - What does macduff do in macbeth - Ps music balance sheet - 110/1 layton street camperdown - Elite realty acts as an agent in buying - Discussion #3 - MBA 599 - Big jim mclain analysis - Exercise 2 5 prepare t accounts lo2 5 lo2 7 - Www hornby com thecollector - Symbol for sample space - Communication between cultures samovar pdf - Professional Accountability, Standards of Practice, and Professional Development - King james 1 macbeth - The pedestrian analysis pdf - Amy tan the opposite of fate summary - Week 6 journal entry capstone - Why violent games should not be banned - Solarwinds netflow configuration cisco - Suicide - Z 4 bromo 3 methyl 3 penten 1 yne - What is a ppb - Flow through a venturi meter experiment lab report - What is mood in writing - Warr company is considering a project - Insulation resistance test nz - Student centre ucl booking - Fire service manual volume 1 pdf - Riba quality management system procedures manual - Advantages of diagrammatic representation - Write a balanced equation for the decomposition of h2o2 - Trader joes talent pool - 3.2 moles of cuso4 x 5h2o - Anu student id card - Nat 5 physics assignment example - Community DQ4 - Business - What is ecomap in social work - The books of 1 2 chronicles offers a priestly perspective - Can technology replace managers - How to make a wet mount onion slide - Rocky river high school - Apc intern written exam dates - Jessica the merchant of venice - Managerial Accounting Discussion - Continuous variables in a visual display - Acids and bases similarities and differences - Bs en 60079 part 10 - Studio mercantile himalayan salt crystal lamp instructions - Novak havoc pro sc - Bs 1377 part 7 pdf - Python module of the week pdf - Order of operations with brackets and braces worksheet - Week 5 Research QUANTITATIVE VS QUALITATIVE - Define purpose statement in research