1. Decide whether each of the following statements is true 2. Bloom Company has two classes of common or false. stock. Only the Class A common stockholders are (Click the icon to view the statements.) entitled to vote. The company's balance sheet includes the following information: (Click the icon to view the partial balance sheet.) Read the requirements. e. stock. A corporation issues its preferred stock in exchange for land and a building with a combined market value of $200,000. This transaction increases the corporation's stockholders' equity by f. $200,000 regardless of the assets' prior book values. 9. Preferred stock is a riskier investment than common stock. 2. Bloom Company has two classes of common stock. Only the Class A common stockholders are entitied to vote. Requirement 2a. Record the issuance of the Class A common stock for cash. Use Bloom's account tities. (Record debits first, then credits. Exclude explanations from any journal entries.) Requirements a. Record the issuance of the Class A common stock for cash. Use Bloom's account titles. b. Record the issuance of the Class B common stock for cash. Use Bloom's account titles. c. How much of Bloom's stockholders' equity was contributed by the stockholders? How much was provided by profitable operations? Does this division of equity suggest that the company has been successful? Why or why not? d. Write a sentence to describe what Bloom's stockholders' equity means. Iders are entitled 's account titles. Data table 1. Decide whether each of the following statements is true 2. Bloom Company has two classes of common or false. stock. Only the Class A common stockholders are (Click the icon to view the statements.) entitled to vote. The company's balance sheet includes the following information: (Click the icon to view the partial balance sheet.) Read the requirements. e. stock. A corporation issues its preferred stock in exchange for land and a building with a combined market value of $200,000. This transaction increases the corporation's stockholders' equity by f. $200,000 regardless of the assets' prior book values. 9. Preferred stock is a riskier investment than common stock. 2. Bloom Company has two classes of common stock. Only the Class A common stockholders are entitied to vote. Requirement 2a. Record the issuance of the Class A common stock for cash. Use Bloom's account tities. (Record debits first, then credits. Exclude explanations from any journal entries.) Requirements a. Record the issuance of the Class A common stock for cash. Use Bloom's account titles. b. Record the issuance of the Class B common stock for cash. Use Bloom's account titles. c. How much of Bloom's stockholders' equity was contributed by the stockholders? How much was provided by profitable operations? Does this division of equity suggest that the company has been successful? Why or why not? d. Write a sentence to describe what Bloom's stockholders' equity means. Iders are entitled 's account titles. Data table
