The first four questions are being answered here. Please post the remaining questions separately.
1. Which of the following is not a characteristic of a corporation? |
Access to limited amounts of capital |
Explanation: Corporations can raise capital by issuing stock when they are need. There access to capital is not limited. |
2. If 50,000 shares are authorized, 37,000 shares are issued, end 2,000 shares are reacquired, the number of outstanding shares is 37,000. |
FALSE |
Explanation: The number of shares reacquired by the a company are subtracted from its outstanding shares. |
3. One of the conditions for paying a cash dividend is formal action by the board of directors. |
TRUE |
Explanation: The directors must formally declare the cash dividends. |
4. The par value of per share of common stock represents: |
The monetary amount assigned to each share of stock in the articles of incorporation |
1-7 Question 1 1.25 pts Which of the following is not a characteristic of a corporation?...
Question 7 1.25 pts Preferred Stock, 7%, $115 par $1,170,000 Common Stock, $1.50 par 300,000 Paid in capital in excess of par, common stock 1,200,000 Retained earnings 2.500.000 Total $5,170,000 Based on the information above, how many shares of common stock are classified as issued? 1,500,000 1,000,000 300,000 200,000
Contributed Capital: Common Stock - $4 par value, 5,000,000 shares authorized, 300,000 shares issued and outstanding Paid capital in Excess of Par, Common Retained Earnings Total Stockholders' Equity $1,200,000 1.600.000 2.000.000 $4,800,000 The following transactions occurred in sequence during 2019: a. Issued 40,000 shares of $100 par value, 10% cumulative preferred stock at par, b. Declared a 2 per 1 stock split on outstanding common shares. c. Bought land valued at $980,000 by using 100,000 shares of common stock. d....
Sheffield Company has two classes of capital stock outstanding: 7%, $100 par preferred and $2 par common. At December 31, 2017, the following accounts were included in stockholders’ equity. Preferred Stock, 50,000 shares $ 5,000,000 Common stock, 1,200,000 shares 2,400,000 Paid-in Capital in Excess of Par – Preferred Stock 300,000 Paid-in Capital in Excess of Par – Common Stock 28,800,000 Retained Earnings 12,800,000 The following transactions affected stockholders’ equity during 2018. Jan. 1 - 500 shares of preferred stock issued...
Question 18 5 pts The following will be used to answer the next question. Debt: 15,000 10% coupon bonds outstanding, 30 years to maturity, selling for 106 (bonds have a $1000 par value with semiannual interest payments) Preferred Stock: 20,000 shares of 7% preferred stock outstanding with a par value of $100 and currently selling for $128 per share. Common Stock: 300,000 shares outstanding selling for $80 per share, the beta is 1.5, the risk-free rate is 6% and the...
Problem 5: Stock dividends (12 pts) On January 1, 2019, Las Polamas Inc. had the following account balances in its equity accounts lances in its shareholders' Common stock. $0.01 par, 1,000,000 shares issued $10,000 Paid-in capital-excess of par, common 6.990,000 Retained earnings 4,000,000 During 2019, Las Polamas Inc. had several transactions relating to common stock March 8 Declared and distributed an 8 stock dividend on outstanding common stock. The fair value of the common stock is $8 per share on...
Question 17 5 pts The following will be used to answer the next question Debt: 15,000 10% coupon bonds outstanding, 30 years to maturity, selling for 106 (bonds have a $1000 par value with semiannual interest payments) Preferred Stock: 20,000 shares of 7% preferred stock outstanding with a par value of $100 and currently selling for $128 per share Common Stock: 300,000 shares outstanding selling for $80 per share, the beta is 1.5, the risk-free rate is 6% and the...
Question 19 5 pts The following will be used to answer the next question Debt: 15,000 10% coupon bonds outstanding, 30 years to maturity, selling for 106 (bonds have a $1000 par value with semiannual interest payments) Preferred Stock: 20,000 shares of 7% preferred stock outstanding with a par value of $100 and currently selling for $128 per share. Common Stock: 300,000 shares outstanding selling for $80 per share the beta is 1.5, the risk-free rate is 6% and the...
Forward Stock Split On March 1 of the current year, Center Corporation has 500,000 shares of $10 par value common stock that are issued and outstanding. The general ledger shows the following account balances relating to the common stock: Common stock Paid-in capital in excess of par value $5,000,000 3,500,000 On March 2, Center Corporation splits its stock 2-for-1 and reduces the par value to $5 per share. a. How many shares of common stock are issued and outstanding immediately...
Forward Stock Split On March 1 of the current year, Center Corporation has 500,000 shares of $10 par value common stock that are issued and outstanding. The general ledger shows the following account balances relating to the common stock: Common stock $5,000,000 Paid-in capital in excess of par value 3,500,000 On March 2, Center Corporation splits its stock 2-for-1 and reduces the par value to $5 per share. a. How many shares of common stock are issued and outstanding immediately...
Problem 14-01A a-c (Video)On January 1, 2020, Geffrey Corporation had the following stockholders' equity accounts.Common Stock ($20 par value, 60,000 shares issued and outstanding) $ 1,200,000 Paid-in Capital in Excess of Par-Common Stock 200,000 Retained Earnings 600,000During the year, the following transactions occurred.Feb. 1 Declared a $ 1 cash dividend per share to stockholders of record on February 15, payable March 1 .Mar. 1 Paid the dividend declared in February.Apr. 1 Announced a 2 -for-1 stock split. Prior to the split, the...