Homework Answers
Answer: B
A corporation has to acquire authorization for issuing shares. Authorization is the maximum permissible limit of issuing shares.
All the other options are not correct:
A: This is the existing stock held by shareholders presently.
C: This is the own-shares repurchased by the corporation from the market.
D: This is a portion of authorized shares that is allocated to the shareholders.
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D. $41,000. 7. Which of the following terms designates the maximum number of shares of stock...
34. Which of the following represents the total number of shares that a corporation may issue...
34. Which of the following represents the total number of shares that a corporation may issue under the terms of its charter? A) Authorized shares B) Issued shares C) Unissued shares D) Outstanding shares 35. The stockholders' equity section of Gunkel Corporation as of December 31, 2017, was as follows: Common stock, par value $2, authorized 20,000 shares; issued and outstanding 10,000 shares $ 20,000 Paid-in capital in excess of par 30,000 Retained earnings 85,000 $135,000 On March 1, 2018,...
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...
Your Corporation has the following number of shares of stock outstanding: Cumulative Preferred stock, 2.5%. $100...
Your Corporation has the following number of shares of stock outstanding: Cumulative Preferred stock, 2.5%. $100 par 8,000 shares Common stock,$10 par 10,000 shares It will distribute $100,000 to the two classes of stockholders this year. Including the current year, the preferred stock is three years in arrears. How much of the dividend will the common stockholders receive? $100,000 $ 20,000 $ 40,000 $ 60,000 Your Corporation is authorized to issue 800,000 shares of $3.00 par value common stock. When...
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...
Pelletier Corporation has the following stock outstanding: Preferred Stock (6 percent, $10 par, 45,000 shares authorized,10,000...
Pelletier Corporation has the following stock outstanding: Preferred Stock (6 percent, $10 par, 45,000 shares authorized,10,000 shares issued and outstanding) Common Stock ($7 par, 250,000 shares authorized, 120,000 shares issued and outstanding) $100,000 840,000 Given this information, if Pelletier pays a $9,000 cash dividend, and if the preferred stock is noncumulative, common stockholders will receive $9,000 b. $3,000 $6,000 d. $4,500 a C.
compute the number of stockholders shares ...$2,700,000 Jim Croce Corporation's stockholders' equity at December 31 consists...
compute the number of
stockholders shares
...$2,700,000 Jim Croce Corporation's stockholders' equity at December 31 consists of the following Preferred stock, 8%, 350 par value, 100,000 shares authorized, 15,000 shares issued and outstanding... $750,000 Common stock, 55 par value 600,000 shares authorized, shares issued and shares outstanding Additional paid-in-capital in excess of par-Common........ ..$1,000,000 Retained Earnings ................ $500,000 Treasury Stock.(25,000 shares).............5.200,000 Compute the number of common shares issued: O A. 60,000 B. 1,140,000 C. 540,000 D.600,000 QUESTION 13 $2,700,000 Jim...
7. The current ratio and quick ratio analysis can belp creditors can ability to pay its...
7. The current ratio and quick ratio analysis can belp creditors can ability to pay its current liabilities A True B. False creditors evaluate a company's 8. Which of the following is a characteristic of a corporation? A A corporation has a limited life. B. A corporation is not taxed on the corporation's business income. C. The owners of a coronation have limited liability for the corporation D. All of the above ll outstanding 9. Shares of stock that has...
The following information pertains to JAE Corp. at January 1, 2018: Common stock, $8 par, 10,000 shares authori...
The following information pertains to JAE Corp. at January 1,
2018:
Common stock, $8 par, 10,000 shares authorized, 2,000 shares
issued and outstanding
$
16,000
Paid-in capital in excess of par, common stock
13,200
Retained earnings
60,800
JAE Corp. completed the following transactions during 2018:
Issued 850 shares of $8 par common stock for $27 per
share.
Repurchased 250 shares of its own common stock for $24 per
share.
Resold 50 shares of treasury stock for $25 per share.
Required:...
Weighted Average Shares Jumbo Corporation reported the following information about its stock on its December 31,...
Weighted Average Shares Jumbo Corporation reported the following information about its stock on its December 31, 2018, balance sheet: Preferred stock, $100 par value, 6% cumulative, 30,000 shares authorized 1,000 shares issued and outstanding $100,000 Common stock, $10 par value, 150,000 shares authorized 50,000 shares issued and outstanding 500,000 Jumbo Corporation engaged in the following stock transactions during 2019: Mar. 1 Issued 10,000 shares of common stock for cash. Apr. 1 Purchased 2,000 shares of common stock as treasury stock....
Dorado Company is authorized to issue 1,000,000 shares of common stock. They issued 400,000 shares of...
Dorado Company is authorized to issue 1,000,000 shares of common stock. They issued 400,000 shares of $5 par value stock for $18 per share. They repurchased 100,000 shares at $20 per share and reissued 20,000 of the Treasury shares at $22 per share. Assuming no shares were retired, what is the number of shares outstanding? a. 300,000 shares b. Cannot be determined based on the information given c. 900,000 shares d. 380,000 shares e. 320,000 shares
34. Which of the following represents the total number of shares that a corporation may issue under the terms of its charter? A) Authorized shares B) Issued shares C) Unissued shares D) Outstanding shares 35. The stockholders' equity section of Gunkel Corporation as of December 31, 2017, was as follows: Common stock, par value $2, authorized 20,000 shares; issued and outstanding 10,000 shares $ 20,000 Paid-in capital in excess of par 30,000 Retained earnings 85,000 $135,000 On March 1, 2018,...
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...
Pelletier Corporation has the following stock outstanding: Preferred Stock (6 percent, $10 par, 45,000 shares authorized,10,000 shares issued and outstanding) Common Stock ($7 par, 250,000 shares authorized, 120,000 shares issued and outstanding) $100,000 840,000 Given this information, if Pelletier pays a $9,000 cash dividend, and if the preferred stock is noncumulative, common stockholders will receive $9,000 b. $3,000 $6,000 d. $4,500 a C.
compute the number of
stockholders shares
...$2,700,000 Jim Croce Corporation's stockholders' equity at December 31 consists of the following Preferred stock, 8%, 350 par value, 100,000 shares authorized, 15,000 shares issued and outstanding... $750,000 Common stock, 55 par value 600,000 shares authorized, shares issued and shares outstanding Additional paid-in-capital in excess of par-Common........ ..$1,000,000 Retained Earnings ................ $500,000 Treasury Stock.(25,000 shares).............5.200,000 Compute the number of common shares issued: O A. 60,000 B. 1,140,000 C. 540,000 D.600,000 QUESTION 13 $2,700,000 Jim...
7. The current ratio and quick ratio analysis can belp creditors can ability to pay its current liabilities A True B. False creditors evaluate a company's 8. Which of the following is a characteristic of a corporation? A A corporation has a limited life. B. A corporation is not taxed on the corporation's business income. C. The owners of a coronation have limited liability for the corporation D. All of the above ll outstanding 9. Shares of stock that has...
The following information pertains to JAE Corp. at January 1,
2018:
Common stock, $8 par, 10,000 shares authorized, 2,000 shares
issued and outstanding
$
16,000
Paid-in capital in excess of par, common stock
13,200
Retained earnings
60,800
JAE Corp. completed the following transactions during 2018:
Issued 850 shares of $8 par common stock for $27 per
share.
Repurchased 250 shares of its own common stock for $24 per
share.
Resold 50 shares of treasury stock for $25 per share.
Required:...
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