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Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAN X Question 11 - Acctg for Corpo. -| X Homework Help - Q&A from Onl X + X C D A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%... @ * GL *@ Acctg for Corpo. -Mci Saved Help Save & Exit Submit Torino Company has 1,700 shares of $20 par value, 4.5% cumulative and nonparticipating preferred stock and 17,000 shares of $10 par value common stock outstanding. The company paid 11 total cash dividends of $500 in its first year of operation. The cash dividend that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is: 02:40:08 Multiple Choice O $3,060. O $500. O $1,530 O $2,560. O $1,030. Graw 11 of 29 i......; Hill Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAN X Question 12 - Acctg for Corpo. -| X *Homework Help - Q&A from Onl X + X C D ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%... @ * GL *@ Acctg for Corpo. -Mci Saved Help Save & Exit Submit The following data were reported by a corporation: 12 Authorized shares 000'87 Issued shares 23, 000 02:39:52 Treasury shares 7, 500 The number of outstanding shares is: Multiple Choice O 35,500. O 23,000. O 28,000. O 20,500. Graw Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAI X Question 13 - Acctg for Corpo. -| X Course Hero X C D A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%... @ * GL * Acctg for Corpo. -Mci Saved Help Save & Exit Submit Percy Corporation was formed on January 1. The corporate charter authorized 100,000 shares of $10 par value common stock. During the first month of operation, the corporation issued 380 13 shares to its attorneys in payment of a $5,800 charge for drawing up the articles of incorporation. The entry to record this transaction would include: 02:39:41 Multiple Choice O A debit to Paid-in Capital in Excess of Par Value, Common Stock for $2,000. O A debit to Organization Expenses for $5,800. O A debit to Organization Expenses for $3,800. O A credit to Common Stock for $5,800. O A credit to Paid-in Capital in Excess of Par Value, Common Stock for $5,800. Graw Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAI X Question 14 - Acctg for Corpo. -| X Course Hero X C D ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%... @ * GL * @ Acctg for Corpo. -Mci Saved Help Save & Exit Submit Sweet Company's outstanding stock consists of 1,200 shares of noncumulative 4% preferred stock with a $100 par value and 10,200 shares of common stock with a $10 par value. During 14 the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & 02:39:30 Paid Year 1 $ 2,200 Year 2 $ 6,400 Year 3 $33, 000 The total amount of dividends paid to preferred and common shareholders over the three-year period is: Multiple Choice O $9,600 preferred; $32,000 common. O $11,800 preferred; $29,800 common. O $14,400 preferred; $27,200 common. n $11 700 nrafarrart- Can Ann ramman Graw Hill :..Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAM X Question 15 - Acctg for Corpo. -| X Course Hero X C D ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%... @ * GL *@ Acctg for Corpo. -MC i Saved Help Save & Exit Submit Halverstein Company's outstanding stock consists of 13,650 shares of cumulative 5% preferred stock with a $10 par value and 5,850 shares of common stock with a $1 par value. During 15 the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & 02:39:18 Paid Year 1 $ Year 2 $11, 700 Year 3 $48, 000 The amount of dividends paid to preferred and common shareholders in Year 2 is: Multiple Choice O $5,850 preferred; $5,850 common. O $8,190 preferred; $3,510 common. O $6,825 preferred; $4,875 common. n $11 700 profarrarl. on ramman Graw Hill :..Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAN X Question 16 - Acctg for Corpo. -| X Course Hero X C D ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%... @ * GL *@ Acctg for Corpo. -Mci Saved Help Save & Exit Submit On September 1, Ziegler Corporation had 51,000 shares of $5 par value common stock, and $153,000 of retained earnings. On that date, when the market price of the stock is $15 per share, 16 the corporation issues a 2-for-1 stock split. The general journal entry to record this transaction is: 02:39:07 Multiple Choice O Debit Retained Earnings $255,000; credit Stock Split Payable $255,000. O Debit Retained Earnings $255,000; credit Common Stock $255,000. O No entry is made for this transaction. O Debit Retained Earnings $765,000; credit Common Stock Split Distributable $765,000. O Debit Retained Earnings $765,000; credit Common Stock $765,000. Graw Hill :..Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAM X Question 17 - Acctg for Corpo. -| X Course Hero X C D ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%... @ * GL * Acctg for Corpo. -Mci Saved Help Save & Exit Submit Mayan Company had net income of $32,980. The weighted-average common shares outstanding were 9,700. The company has no preferred stock. The company's earnings per share is: 17 Multiple Choice 02:38:54 O $3.34. O $3.40. O $3.46. O $5.00. O $1.57. Graw 17 of 29 Hill Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAI X Question 18 - Acctg for Corpo. -| X Course Hero X C D A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%... @ * GL *@ Acctg for Corpo. -Mci Saved Help Save & Exit Submit Hutter Corporation declared a $0.50 per share cash dividend on its common shares. The company has 26,000 shares authorized, 12,600 shares issued, and 10,400 shares of common stock 18 outstanding. The journal entry to record the dividend declaration is: 02:38:41 Multiple Choice O Debit Retained Earnings $5,200; credit Common Dividends Payable $5,200. O Debit Common Dividends Payable $5,200; credit Cash $5,200. O Debit Common Dividends Payable $6,300; credit Cash $6,300. O Debit Retained Earnings $6,300; credit Common Dividends Payable $6,300. O Debit Retained Earnings $13,000; credit Common Dividends Payable $13,000. Graw :..Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAN X Question 19 - Acctg for Corpo. -| X Course Hero X C D A ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%... @ * GL * Acctg for Corpo. -Mci Saved Help Save & Exit Submit Fetzer Company declared a $0.45 per share cash dividend. The company has 240,000 shares authorized, 228,000 shares issued, and 9,600 shares in treasury stock. The journal entry to 19 record the payment of the dividend is: 8 02:38:31 Multiple Choice O Debit Retained Earnings $108,000; credit Common Dividends Payable $108,000. O Debit Retained Earnings $102,600; credit Common Dividends Payable $102,600. O Debit Common Dividends Payable $98,280; credit Cash $98,280. O Debit Common Dividends Payable $102,600; credit Cash $102,600. O Debit Retained Earnings $98,280; credit Common Dividends Payable $98,280. Graw :..Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAN X Question 20 - Acctg for Corpo. -| X Course Hero X C D ezto.mheducation.com/ext/map/index.html?_con=con&external_browser=0&launchUrl=https%253A%252F%252FIms.mheducation.com%... Q * GL *@ Acctg for Corpo. -MC i Saved Help Save & Exit Submit A company has 41,000 shares of common stock outstanding. The stockholders' equity applicable to common shares is $483,800, and the par value per common share is $10. The book 20 value per share is: 02:38:19 Multiple Choice O $11.80. O $0.08. O $10.00. O $48.38. O $1.80. Graw