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Multiple Choice Question 98 Oriole Company had 803000 shares of common stock outstanding on January 1, issued 129000 shares on May 1, purchased 66000 shares of treasury stock on September 1, and issued 60000 shares on November 1. The weighted average shares outstanding for the year is 899000 855000 921000 877000 Click if you would like to show Work for this question Open Show Work
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restbank Multiple Choice Question 119 Coronado Industries, has 4130000 shares of common stock outstanding on December 31 on stock outstanding on December 31, 2020. An additional 798000 shares of common stock were issued on April 1 2021, and 406000 more on July 1, 2021. On October 1, 2021, Coronado issued 19600, $1,000 face value, 8% convertible bonds. Each bond is convertible into 20 sha . No bonds were converted into common stock in 2021. What is the number of shares...
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Multiple Choice Question 57
Swifty, Inc., has 9100 shares of 3%, $100 par value, noncumulative
preferred stock and 72800 shares of $1 par value common stock
outstanding at December 31, 2020. There were no dividends declared
in 2019. The board of directors declares and pays a $120600
dividend in 2020. What is the amount of dividends received by the
common stockholders in 2020?
$9100
$27300
$93300
$0
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Multiple Choice Question 108
Marigold Corporation had net income of $250000 and paid dividends
of $380000 to common stockholders and $11000 to preferred
stockholders in 2020. Marigold Corporation’s common stockholders’
equity at the beginning and end of 2020 was $860000 and $1140000,
respectively. There are 92000 weighted-average shares of common
stock outstanding.
MarigoldCorporation’s return on common stockholders’ equity
was
23.90%.
11.90%.
20.96%.
10.44%.
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Multiple Choice Question 85
On January 1, Vaughn Corporation had 93000 shares of $10 par value
common stock outstanding. On June 17, the company declared a 15%
stock dividend to stockholders of record on June 20. Market value
of the stock was $16 on June 17. The stock was distributed on June
30. The entry to record the transaction of June 30 would include
a
debit to Stock Dividends for $83700.
debit to Common Stock Dividends Distributable for $223200.
credit...
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Multiple choice question
CALCULATOR PRINTER VERSION BACK NEXT Multiple Choice Question 103 SheridanCompany is authorized to issue 10000 shares of 1000096, $100 par value preferred stock and 458000 shares of no-par common stock with a stated value of $1 per share. If Sheridan issues 5000 shares of preferred stock for land with an asking price of $569000 and a market value of $542000, which of the following would be the journal entry for Sheridan to record? O Land O Land...
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Question 8 M. Oriole Corporation has 10,000 shares of 9%, $100 par value, cumulative preferred stock outstanding at December 31, 2020. No dividends were declared in 2018 or 2019. If M. Oriole wants to pay $440,000 of dividends in 2020, what amount of dividends will common stockholders receive? Amount of dividends Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question attempts: 0 of 2 used Question Attempts: 0 of 2 used...
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Multiple Choice Question 57 Cullumber Company purchases land for $120000 cash. Cullum ber assumes $5100 in property taxes due on the land. The title and attorney fees totaled $2300. Cullumber has the land graded for $3600. They paid $18000 for paving of a parking lot. What amount does Cullumber record as the cost for the land? $125900. $131000. O$149000. $120000. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of used SAVE...
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Help Please ASAP
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Question 1 On January 1, 2021, Sunland Corp. had 465,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 126,000 shares Issued a 10% stock dividend Acquired 102,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 61,000 shares of treasury stock (a) Determine the weighted-average number of shares...
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Multiple Choice Question 115 Pina Colada Corp. had the following inventory transactions occur during 2022: Feb. 1, 2022 Purchase Mar. 14, 2022 Purchase May 1, 2022 Purchase Units Cost/unit 99 $99 171 $103 121 $108 The company sold 281 units at $139 each and has a tax rate of 30%. Assuming that a periodic inventory system is used and operating expenses of $2750, what is the company's after-tax income using FIFO? O $5394.90 O $4732.70 O $6761.00 O $7707.00 Click...
Multiple Choice Question 98 Oriole Company had 803000 shares of common stock outstanding on January 1, issued 129000 shares on May 1, purchased 66000 shares of treasury stock on September 1, and issued 60000 shares on November 1. The weighted average shares outstanding for the year is 899000 855000 921000 877000 Click if you would like to show Work for this question Open Show Work
restbank Multiple Choice Question 119 Coronado Industries, has 4130000 shares of common stock outstanding on December 31 on stock outstanding on December 31, 2020. An additional 798000 shares of common stock were issued on April 1 2021, and 406000 more on July 1, 2021. On October 1, 2021, Coronado issued 19600, $1,000 face value, 8% convertible bonds. Each bond is convertible into 20 sha . No bonds were converted into common stock in 2021. What is the number of shares...
Multiple Choice Question 57
Swifty, Inc., has 9100 shares of 3%, $100 par value, noncumulative
preferred stock and 72800 shares of $1 par value common stock
outstanding at December 31, 2020. There were no dividends declared
in 2019. The board of directors declares and pays a $120600
dividend in 2020. What is the amount of dividends received by the
common stockholders in 2020?
$9100
$27300
$93300
$0
Click if you would like to
Show Work for this question:
Open Show...
Multiple Choice Question 108
Marigold Corporation had net income of $250000 and paid dividends
of $380000 to common stockholders and $11000 to preferred
stockholders in 2020. Marigold Corporation’s common stockholders’
equity at the beginning and end of 2020 was $860000 and $1140000,
respectively. There are 92000 weighted-average shares of common
stock outstanding.
MarigoldCorporation’s return on common stockholders’ equity
was
23.90%.
11.90%.
20.96%.
10.44%.
Click if you would like to
Show Work for this question:
Open Show Work
Question Attempts: 0...
Multiple Choice Question 85
On January 1, Vaughn Corporation had 93000 shares of $10 par value
common stock outstanding. On June 17, the company declared a 15%
stock dividend to stockholders of record on June 20. Market value
of the stock was $16 on June 17. The stock was distributed on June
30. The entry to record the transaction of June 30 would include
a
debit to Stock Dividends for $83700.
debit to Common Stock Dividends Distributable for $223200.
credit...
Multiple choice question
CALCULATOR PRINTER VERSION BACK NEXT Multiple Choice Question 103 SheridanCompany is authorized to issue 10000 shares of 1000096, $100 par value preferred stock and 458000 shares of no-par common stock with a stated value of $1 per share. If Sheridan issues 5000 shares of preferred stock for land with an asking price of $569000 and a market value of $542000, which of the following would be the journal entry for Sheridan to record? O Land O Land...
Question 8 M. Oriole Corporation has 10,000 shares of 9%, $100 par value, cumulative preferred stock outstanding at December 31, 2020. No dividends were declared in 2018 or 2019. If M. Oriole wants to pay $440,000 of dividends in 2020, what amount of dividends will common stockholders receive? Amount of dividends Click if you would like to Show Work for this question: Open Show Work LINK TO TEXT Question attempts: 0 of 2 used Question Attempts: 0 of 2 used...
Multiple Choice Question 57 Cullumber Company purchases land for $120000 cash. Cullum ber assumes $5100 in property taxes due on the land. The title and attorney fees totaled $2300. Cullumber has the land graded for $3600. They paid $18000 for paving of a parking lot. What amount does Cullumber record as the cost for the land? $125900. $131000. O$149000. $120000. Click if you would like to Show Work for this question: Open Show Work Question Attempts: 0 of used SAVE...
Help Please ASAP
CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Question 1 On January 1, 2021, Sunland Corp. had 465,000 shares of common stock outstanding. During 2021, it had the following transactions that affected the Common Stock account. February 1 March 1 May 1 June 1 October 1 Issued 126,000 shares Issued a 10% stock dividend Acquired 102,000 shares of treasury stock Issued a 3-for-1 stock split Reissued 61,000 shares of treasury stock (a) Determine the weighted-average number of shares...
Multiple Choice Question 115 Pina Colada Corp. had the following inventory transactions occur during 2022: Feb. 1, 2022 Purchase Mar. 14, 2022 Purchase May 1, 2022 Purchase Units Cost/unit 99 $99 171 $103 121 $108 The company sold 281 units at $139 each and has a tax rate of 30%. Assuming that a periodic inventory system is used and operating expenses of $2750, what is the company's after-tax income using FIFO? O $5394.90 O $4732.70 O $6761.00 O $7707.00 Click...