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answer all four multiple choice questions
QUESTION 1 After a corporation declares a cash dividend,...
please answer all four multiple choice questions QUESTION 5 The primary purpose of the statement of...
please answer all four multiple choice questions
QUESTION 5 The primary purpose of the statement of cash flows is to provide information about 1. the investing and financing activities of the company. 2. the cash inflows and outflows of the company. 3. the profitability of the company. 4. the financial position of the company. QUESTION 6 Cash flows from acquiring and disposing of long-term assets are classified as 1. operating activities. 2. purchasing activities. 3. financing activities. 4. investing activities....
4 The Stockholders' Equity section of the balance sheets for Klee Corporation on December 31, 2018,...
4 The Stockholders' Equity section of the balance sheets for Klee Corporation on December 31, 2018, and December 31, 2019, along with other selected account balances on the two dates is provided below. Certain information is missing from the statements.) In 2019, the following transactions affecting equity occurred: 10 points 0. Additional shares of common stock were issued in April. No other common stock was issued during the year. b. A cash dividend of $1 per share was declared and...
of the cash dividend. BE14.2 (LO 1) M. Bot Corporation has 10,000 shares of 8% ,...
of the cash dividend. BE14.2 (LO 1) M. Bot Corporation has 10,000 shares of 8% , $100 par value, cumulative preferred stock outstanding at December 31, 2020. No dividends were declared in 2018 or 2019. If M. Bot wants to pay $375,000 of dividends in 2020, what amount of dividends will common stockholders receive? Determine dividends paid to common stockholders BE14.3 (LO 1) Langley Corporation has 50,000 shares of $10 par value common stock outstanding. It declares a 15% stock...
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...
please answer all four multiple choice questions QUESTION 13 The Kaplan Group sold $200,000 of 10-year...
please answer all four multiple choice questions
QUESTION 13 The Kaplan Group sold $200,000 of 10-year bonds for $190,000. The face rate on the bonds was 8 % and interest is paid annually on December 31. What entry would be made on December 31 when the interest is paid? (Numbers are omitted.) Interest Expense 1. Bonds Payable Cash Interest Expense 2. Discount on Bonds Payable Cash Interest Expense Discount on Bonds Payable 3. Cash Interest Expense 4. Cash QUESTION 14...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 108,000 15,390 Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 6,200 shares) Retained Earnings Treasury Stock 1.000 preferred shares at cost 632,400 32,000 (9,600 ) Assume that no shares of treasury stock have been sold in the...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 124,000 20,150 Contributed Capital Preferred Stock (par $ 20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 7,000 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 770,000 40,000 (10,000) Assume that no shares of treasury stock have been sold in the...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 112,000 16,520 Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 6,400 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 665,600 34,000 (9,700) Assume that no shares of treasury stock have been sold in the past....
The following is a summary of all relevant transactions of ABC Corporation since it was organized...
The following is a summary of all relevant transactions of ABC Corporation since it was organized in 2019. 16,950 shares were authorized and 8,000 shares of common stock($50 par value) were issued at a price of $60. In 2012, 1,000 shares were issued as a stock dividend when the stock was selling for $68. 300 shares of common stock were bought at a cost of $72 per share. These 300 shares are still in the company treasury. 11,300 preferred shares...
please answer all four multiple choice questions
QUESTION 5 The primary purpose of the statement of cash flows is to provide information about 1. the investing and financing activities of the company. 2. the cash inflows and outflows of the company. 3. the profitability of the company. 4. the financial position of the company. QUESTION 6 Cash flows from acquiring and disposing of long-term assets are classified as 1. operating activities. 2. purchasing activities. 3. financing activities. 4. investing activities....
4 The Stockholders' Equity section of the balance sheets for Klee Corporation on December 31, 2018, and December 31, 2019, along with other selected account balances on the two dates is provided below. Certain information is missing from the statements.) In 2019, the following transactions affecting equity occurred: 10 points 0. Additional shares of common stock were issued in April. No other common stock was issued during the year. b. A cash dividend of $1 per share was declared and...
of the cash dividend. BE14.2 (LO 1) M. Bot Corporation has 10,000 shares of 8% , $100 par value, cumulative preferred stock outstanding at December 31, 2020. No dividends were declared in 2018 or 2019. If M. Bot wants to pay $375,000 of dividends in 2020, what amount of dividends will common stockholders receive? Determine dividends paid to common stockholders BE14.3 (LO 1) Langley Corporation has 50,000 shares of $10 par value common stock outstanding. It declares a 15% stock...
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...
please answer all four multiple choice questions
QUESTION 13 The Kaplan Group sold $200,000 of 10-year bonds for $190,000. The face rate on the bonds was 8 % and interest is paid annually on December 31. What entry would be made on December 31 when the interest is paid? (Numbers are omitted.) Interest Expense 1. Bonds Payable Cash Interest Expense 2. Discount on Bonds Payable Cash Interest Expense Discount on Bonds Payable 3. Cash Interest Expense 4. Cash QUESTION 14...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 108,000 15,390 Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 6,200 shares) Retained Earnings Treasury Stock 1.000 preferred shares at cost 632,400 32,000 (9,600 ) Assume that no shares of treasury stock have been sold in the...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 124,000 20,150 Contributed Capital Preferred Stock (par $ 20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 7,000 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 770,000 40,000 (10,000) Assume that no shares of treasury stock have been sold in the...
The stockholders' equity section on the December 31 balance sheet of Chemfast Corporation reported the following amounts: $ 112,000 16,520 Contributed Capital Preferred Stock (par $20; authorized 10,000 shares, ? issued, of which 1,000 shares are held as treasury stock) Additional Paid-In Capital, Preferred Common Stock (no-par; authorized 20,000 shares, issued and outstanding 6,400 shares) Retained Earnings Treasury Stock, 1,000 Preferred shares at cost 665,600 34,000 (9,700) Assume that no shares of treasury stock have been sold in the past....
The following is a summary of all relevant transactions of ABC Corporation since it was organized in 2019. 16,950 shares were authorized and 8,000 shares of common stock($50 par value) were issued at a price of $60. In 2012, 1,000 shares were issued as a stock dividend when the stock was selling for $68. 300 shares of common stock were bought at a cost of $72 per share. These 300 shares are still in the company treasury. 11,300 preferred shares...
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