Homework Answers
1. Cash dividend are paid on the basis of outstanding shares. Answer is option C.
2. Preemptive right is the right to share proportionately in any new issue of stock of same class. Answer is option B. This right is given to secure their position in organization
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Name: 1. Cash dividends are paid on the basis of the number of shares A) authorized...
1. Cash dividends are paid on the basis of the number of shares A) authorized B)...
1. Cash dividends are paid on the basis of the number of shares A) authorized B) issued. C) outstanding. D) outstanding less the number of treasury shares. 10000000000 OOOOOMMAA 2. The preemptive right of a common stockholder is the right to A) share proportionately in corporate assets upon liquidation. share proportionately in any new issues of stock of the same class. receive cash dividends before they are distributed to preferred stockholders. D) exclude preferred stockholders from voting rights. C) 00000000...
Instructions: what is the correct answer Cash dividends are paid on the basis of the number...
Instructions: what is the correct answer Cash dividends are paid on the basis of the number of shares a. authorized b. issued c. outstanding d. outstanding less the number of treasury shares
Font Paragraph Tultiple Choice Questions, Extra Credit 60 points) 51. The net assets of a corporation...
Font Paragraph Tultiple Choice Questions, Extra Credit 60 points) 51. The net assets of a corporation equal to: A) Contributed capital C) Shareholders' equity. B) D) Retained earning None of the abos 52. Characteristics of the corporate form that have led to the growth of this form of bu the following except A) Ease of raising capital B) Low governme C) Limited liability D) Ease of ownershi 53. Retained earnings represent A) Earned capital. C) Assets. B) D) Cash Net...
Correction to retained earnings for an error made in a previous accounting period Credited when dividends...
Correction to retained earnings for an error made in a previous accounting period Credited when dividends are declared, but will be paid at a later date Basic ownership of corporation Authorized stock 1. Receives dividends before 5 common stock Issued stock 2 Distribution of earnings 6 Outstanding stock 3. Common stock The price at which the stock is bought and sold 4. Preferred stock 5 Amounts received from investors in exchange for stock Dividend 6 The amount of net income...
Calculate the annual cash dividends required to be paid for each of the following preferred stock...
Calculate the annual cash dividends required to be paid for each of the following preferred stock issues: Required: a. $3.90 cumulative preferred, no par value, 200,000 shares authorized, 134,000 shares issued. (The treasury stock caption of the stockholders' equity section of the balance sheet indicates that 40,618 shares of this preferred stock issue are owned by the company) (Round your answer to 2 decimal places.) b. 6%, $40 par value preferred, 203,000 shares authorized, 159,000 shares issued, and 73,065 shares...
Calculator Preferred 24 Stock, $200 par (70,000 shares authorized, 35,000 shares issued) $7,000,000 Pald-In Capital in...
Calculator Preferred 24 Stock, $200 par (70,000 shares authorized, 35,000 shares issued) $7,000,000 Pald-In Capital in Excess of Par-Preferred Stock 340,000 Common Stock, $20 par (500,000 shares authorized, 310,000 shares issued) 6,200,000 Pald-in Capital in Excess of Par-Common Stock 810,000 Retained Earnings 31,482,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Issued 50,000 shares of common stock at $27, receiving cash. b. Issued 18,000 shares of preferred 2%...
Question 1 Additional paid-in capital is the difference between dividends paid to stockholders and total number...
Question 1 Additional paid-in capital is the difference between dividends paid to stockholders and total number of shares authorized. cash received from stockholders and par value of the stock. total number of shares authorized and total number of shares outstanding. dividends paid to stockholders and treasury stock purchased. cash received from stockholders and dividends of the stock.
1) The number of shares of stock a corporation sells to investors are a) Authorized shares...
1) The number of shares of stock a corporation sells to investors are a) Authorized shares b) Issued shared c) Treasury shares d) Outstanding shares 2) A corporation issued 20 shares of common stock with a $ 1 par value for $5 per share. The amount of cash the company generated by issuing the common stock was a) $5 b) $20 c) $80 d) $100 3) The declaration of a cash dividend A) Increases cash b) Decreases cash c) Increases...
8% Preferred Stock, $100 par value, cumulative, 50,000 shares authorized 30,000 shares issued and outstanding 3,000,000...
8% Preferred Stock, $100 par value, cumulative, 50,000 shares authorized 30,000 shares issued and outstanding 3,000,000 In excess of par on preferred stock $ 300,000 Total Paid-in-Capital from Preferred Stock $ 3,300,000 Common Stock, no par, $25 stated value, 1,000,000 shares authorized. 400,000 shares issued and outstanding $ 10,000,000 In excess of stated value on common stock $ 600,000 Total Paid-in-Capital from Common Stock $ 10,600,000 Total Paid-in-Capital $ 13,900,000 Retained Earnings (Note A) $ 4,100,000 Total Stockholder's Equity $...
Mapleleaf Industries declared a $0.75 per share cash dividend. The company has 120,000 shares authorized, 49,000...
Mapleleaf Industries declared a $0.75 per share cash dividend. The company has 120,000 shares authorized, 49,000 shares issued, and 46,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration? Multiple Choice Ο O Debit Dividends Payable and credit Cash for $36,750 Ο Debit Dividends and credit Dividends Payable for $36.750, Ο Debit Dividends and credit Dividends Payable for $34.500 Ο O Debit Dividends Payable and credit Cash for $90.000 A company issued 8% preferred...
1. Cash dividends are paid on the basis of the number of shares A) authorized B) issued. C) outstanding. D) outstanding less the number of treasury shares. 10000000000 OOOOOMMAA 2. The preemptive right of a common stockholder is the right to A) share proportionately in corporate assets upon liquidation. share proportionately in any new issues of stock of the same class. receive cash dividends before they are distributed to preferred stockholders. D) exclude preferred stockholders from voting rights. C) 00000000...
Font Paragraph Tultiple Choice Questions, Extra Credit 60 points) 51. The net assets of a corporation equal to: A) Contributed capital C) Shareholders' equity. B) D) Retained earning None of the abos 52. Characteristics of the corporate form that have led to the growth of this form of bu the following except A) Ease of raising capital B) Low governme C) Limited liability D) Ease of ownershi 53. Retained earnings represent A) Earned capital. C) Assets. B) D) Cash Net...
Correction to retained earnings for an error made in a previous accounting period Credited when dividends are declared, but will be paid at a later date Basic ownership of corporation Authorized stock 1. Receives dividends before 5 common stock Issued stock 2 Distribution of earnings 6 Outstanding stock 3. Common stock The price at which the stock is bought and sold 4. Preferred stock 5 Amounts received from investors in exchange for stock Dividend 6 The amount of net income...
Calculate the annual cash dividends required to be paid for each of the following preferred stock issues: Required: a. $3.90 cumulative preferred, no par value, 200,000 shares authorized, 134,000 shares issued. (The treasury stock caption of the stockholders' equity section of the balance sheet indicates that 40,618 shares of this preferred stock issue are owned by the company) (Round your answer to 2 decimal places.) b. 6%, $40 par value preferred, 203,000 shares authorized, 159,000 shares issued, and 73,065 shares...
Calculator Preferred 24 Stock, $200 par (70,000 shares authorized, 35,000 shares issued) $7,000,000 Pald-In Capital in Excess of Par-Preferred Stock 340,000 Common Stock, $20 par (500,000 shares authorized, 310,000 shares issued) 6,200,000 Pald-in Capital in Excess of Par-Common Stock 810,000 Retained Earnings 31,482,000 During the year, the corporation completed a number of transactions affecting the stockholders' equity. They are summarized as follows: a. Issued 50,000 shares of common stock at $27, receiving cash. b. Issued 18,000 shares of preferred 2%...
8% Preferred Stock, $100 par value, cumulative, 50,000 shares authorized 30,000 shares issued and outstanding 3,000,000 In excess of par on preferred stock $ 300,000 Total Paid-in-Capital from Preferred Stock $ 3,300,000 Common Stock, no par, $25 stated value, 1,000,000 shares authorized. 400,000 shares issued and outstanding $ 10,000,000 In excess of stated value on common stock $ 600,000 Total Paid-in-Capital from Common Stock $ 10,600,000 Total Paid-in-Capital $ 13,900,000 Retained Earnings (Note A) $ 4,100,000 Total Stockholder's Equity $...
Mapleleaf Industries declared a $0.75 per share cash dividend. The company has 120,000 shares authorized, 49,000 shares issued, and 46,000 shares of common stock outstanding. What is the journal entry to record the dividend declaration? Multiple Choice Ο O Debit Dividends Payable and credit Cash for $36,750 Ο Debit Dividends and credit Dividends Payable for $36.750, Ο Debit Dividends and credit Dividends Payable for $34.500 Ο O Debit Dividends Payable and credit Cash for $90.000 A company issued 8% preferred...
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