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Stocks that pay relatively large cash dividends on a regular basis are called: Multiple Choice Small...
Comfort Mattresses, Inc. sold 26,000 shares of its $1 par value common stock at a cash...
Comfort Mattresses, Inc. sold 26,000 shares of its $1 par value common stock at a cash price of $12 per share. The entry to record this transaction would be: Debit Common Stock $26,000; credit Cash $26,000. Debit Common Stock $26,000; debit Paid-in Capital in Excess of Par Value, Common Stock $286,000; credit Cash $312,000. Debit Cash $312,000; credit Stock Liability $286,000; credit Common Stock $26,000. Debit Cash $312,000; credit Common Stock $26,000; credit Paid-in Capital in Excess of Par Value,...
1- The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10...
1- The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par value 20,000 shares authorized and 10,000 shares issued, 9,000 shares outstanding $100,000 Paid-in capital in excess of par value, common stock 50,000 Retained earnings 25,000 Treasury stock 11,500 Assuming the treasury shares were all purchased at the same price, the cost per share of the treasury stock is: Multiple Choice $1.15. $1.28. $11.50. $10.50. $10.00. 2- Comfort Mattresses, Inc. sold 26,000 shares of...
Show all work please. True/False 7 points each. Circle the correct answer. Corporations avoid many of...
Show all work please.
True/False 7 points each. Circle the correct answer. Corporations avoid many of the state regulations and controls that proprietorships and partnerships are required to follow. True False 2. When no-par stock is not assigned a stated value, the total amount received is 43. recorded in the Common Stock account. True False Multiple Choice 5 points each. Circle the correct answer. The right of common shareholders to purchase their proportional share of any common stock later issued...
I need these answers as soon as possible! thank you! All of the following regarding accounting...
I need these answers as soon
as possible! thank you!
All of the following regarding accounting for Treasury Stock are true except Multiple Choice Corporations do not record gains or losses on transactions involving their own stock. ) Treasury Stock receives cash dividends but not stock dividends. Purchasing Treasury Stock reduces the corporation's assets and equity by equal amounts. oooo Treasury Stock is presented on the balance sheet as a contra equity account. Treasury Stock does not have voting rights....
Prior to September 30, a company has never had any treasury stock transactions. A company repurchased...
Prior to September 30, a company has never had any treasury stock transactions. A company repurchased 1,000 shares of its $2 par common stock on September 30 for $20 per share. On October 2, it reissued 400 of these shares at $21 per share. On October 12, it reissued the remaining 600 shares at $19 per share. The journal entry to record the reissuance of the shares on October 12 would be: a) Debit Cash, $11,400; Credit Treasury Stock, $800;...
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased...
Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the journal entry necessary to record the reissuance of treasury stock on July 20? Debit Cash $2,300; credit Paid-in Capital, Treasury...
please answer the following multiple choice questions 20. The following information is from the balance sheet...
please answer the following multiple choice questions
20. The following information is from the balance sheet of Tudor Corporation as of December 31, 2014 Preferred stock, S100 par Paid-in capital in excess of par preferred Common stock, SI par Paid-in capital in excess of par common Retained earnings Total stockholders' equity What was the average issue price of the common stock shares? A) S1.90 B) $1.00 C) $3.00 D) S13.15 $ 500,000 35,000 190,000 380,000 131.500 SL236.500 21. Dallkin Corporation...
Multiple choice quest On September 1, 2017, Marigold Corp. reacquired 28400 shares of its $15 par...
Multiple choice quest On September 1, 2017, Marigold Corp. reacquired 28400 shares of its $15 par value common stock for $20 per share, Marigold uses the cost method to account for treasury stock. The journal entry to record the reacquisition of the stock should debit O Treasury Stock for $568000. O Treasury Stock for $426000, O Common Stock for $426000 and Paid in Capital in Excess of Par for $142000 Common Stock for $426000
Problem 11-24A Analyzing journal entries for treasury stock transactions LO 11-4, 11-5 The following correctly prepared entries without explanations pertain to Corners Corporation: Account Title D...
Problem 11-24A Analyzing journal entries for treasury
stock transactions LO 11-4, 11-5
The following correctly prepared entries without explanations
pertain to Corners Corporation:
Account Title
Debit
Credit
1.
Cash
1,800,000
Common Stock
1,000,000
Paid-in Capital in Excess of Par Value
800,000
2.
Treasury Stock
44,800
Cash
44,800
3.
Cash
38,000
Treasury Stock
35,200
Paid-in Capital in Excess of Cost of Treasury Stock
2,800
The original sale (Entry 1) was for 400,000 shares, and the
treasury stock was acquired for $8...
please answer all four multiple choice questions QUESTION 1 After a corporation declares a cash dividend,...
please
answer all four multiple choice questions
QUESTION 1 After a corporation declares a cash dividend, what takes place on the date of record? 1. cash decreases 2. stockholders' equity decreases 3. no entry is necessary 4.liabilities decrease QUESTION 2 Ladder Distributors The stockholders' equity section of the December 31, 2019, balance sheet is provided below: Common Stock, $30 par, 20,000 shares issued and outstanding $ 600,000 Paid-in Capital in Excess of Par-Common Stock 240,000 Retained Earnings 700.000 Total Stockholders'...
Show all work please.
True/False 7 points each. Circle the correct answer. Corporations avoid many of the state regulations and controls that proprietorships and partnerships are required to follow. True False 2. When no-par stock is not assigned a stated value, the total amount received is 43. recorded in the Common Stock account. True False Multiple Choice 5 points each. Circle the correct answer. The right of common shareholders to purchase their proportional share of any common stock later issued...
I need these answers as soon
as possible! thank you!
All of the following regarding accounting for Treasury Stock are true except Multiple Choice Corporations do not record gains or losses on transactions involving their own stock. ) Treasury Stock receives cash dividends but not stock dividends. Purchasing Treasury Stock reduces the corporation's assets and equity by equal amounts. oooo Treasury Stock is presented on the balance sheet as a contra equity account. Treasury Stock does not have voting rights....
please answer the following multiple choice questions
20. The following information is from the balance sheet of Tudor Corporation as of December 31, 2014 Preferred stock, S100 par Paid-in capital in excess of par preferred Common stock, SI par Paid-in capital in excess of par common Retained earnings Total stockholders' equity What was the average issue price of the common stock shares? A) S1.90 B) $1.00 C) $3.00 D) S13.15 $ 500,000 35,000 190,000 380,000 131.500 SL236.500 21. Dallkin Corporation...
Multiple choice quest On September 1, 2017, Marigold Corp. reacquired 28400 shares of its $15 par value common stock for $20 per share, Marigold uses the cost method to account for treasury stock. The journal entry to record the reacquisition of the stock should debit O Treasury Stock for $568000. O Treasury Stock for $426000, O Common Stock for $426000 and Paid in Capital in Excess of Par for $142000 Common Stock for $426000
Problem 11-24A Analyzing journal entries for treasury
stock transactions LO 11-4, 11-5
The following correctly prepared entries without explanations
pertain to Corners Corporation:
Account Title
Debit
Credit
1.
Cash
1,800,000
Common Stock
1,000,000
Paid-in Capital in Excess of Par Value
800,000
2.
Treasury Stock
44,800
Cash
44,800
3.
Cash
38,000
Treasury Stock
35,200
Paid-in Capital in Excess of Cost of Treasury Stock
2,800
The original sale (Entry 1) was for 400,000 shares, and the
treasury stock was acquired for $8...
please
answer all four multiple choice questions
QUESTION 1 After a corporation declares a cash dividend, what takes place on the date of record? 1. cash decreases 2. stockholders' equity decreases 3. no entry is necessary 4.liabilities decrease QUESTION 2 Ladder Distributors The stockholders' equity section of the December 31, 2019, balance sheet is provided below: Common Stock, $30 par, 20,000 shares issued and outstanding $ 600,000 Paid-in Capital in Excess of Par-Common Stock 240,000 Retained Earnings 700.000 Total Stockholders'...
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