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Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAN X Question 1 - Acctg for Corpo. -M 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. -MC i Saved Help Save & Exit Submit A corporation declared and issued a 25% stock dividend on October 1. The following information was available immediately prior to the dividend: Retained earnings $680, 000 Shares issued and outstanding 53, 000 02:44:20 Market value per share tA 22 par value per share 5 The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is: Multiple Choice O $291,500. O $66,250. O $(66,250) O $(291,500). Grav HillAssignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAM X Question 2 - Acctg for Corpo. -M 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%253%252F%252FIms.mheducation.com%... @ * GL *@ Acctg for Corpo. -Mci Saved Help Save & Exit Submit 2 Sweet Company's outstanding stock consists of 1,550 shares of cumulative 5% preferred stock with a $100 par value and 15,500 shares of common stock with a $10 par value. During the first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & Paid 02:44:05 Year 1 DOT'E $ Year 2 $ 9,300 Year 3 $ 49, 600 The amount of dividends paid to preferred and common shareholders in year 3 is: Multiple Choice $0 preferred; $49,600 common. O $10,850 preferred; $38,750 common. O $15,500 preferred; $34,100 common. O $49,600 preferred; $0 common. Graw Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAM X Question 3 - Acctg for Corpo. -M 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 3 A company issued 140 shares of $100 par value common stock for $15,000 cash. The total amount of paid-in capital is: Multiple Choice 02:43:48 O $100 O $15,000. O $14,000. O $1,400. O $1,000. Graw Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAN X Question 4 - Acctg for Corpo. -M 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. -MC i Saved Help Save & Exit Submit A company has 575 shares of $63 par value preferred stock outstanding. It also has 23,000 shares of common stock outstanding, and the total value of its stockholders' equity is $790,625. The company's book value per common share equals: 02:43:37 Multiple Choice O $32.80. O $32.00. $33.13. O $34.38. O $33.54. Graw 4 of 29 Hill Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAM X Question 5 - Acctg for Corpo. -M 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 5 The following data has been collected about Keller Company's stockholders' equity accounts: Common stock $10 par value 30,000 shares authorized and 15,000 shares issued, 2,000 shares 02:43:20 outstanding $150, 000 Paid-in capital in excess of par value, common stock 60,000 Retained earnings 35, 000 Treasury stock 25, 000 Assuming the treasury shares were all purchased at the same price, the number of shares of treasury stock is: Multiple Choice O 35,000. O 150,000. O 30,000. O 60,000. Graw Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAM X Question 6 - Acctg for Corpo. -M 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%... Q * GL *@ Acctg for Corpo. -MC i Saved Help Save & Exit Submit 6 Prior to May 1, Fortune Company has never had any treasury stock transactions. A company repurchased 140 shares of its common stock on May 1 for $7,000. On July 1, it reissued 70 of these shares at $52 per share. On August 1, it reissued the remaining treasury shares at $49 per share. What is the balance in the Paid-in Capital, Treasury Stock account on August 2? 02:43:18 Multiple Choice O $2,940. O $7,070. O $70. O $3,640. O $0 . Mc Graw Waiting for education.com...Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAM X Question 7 - Acctg for Corpo. -M 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 7 Eastline Corporation had 11,500 shares of $5 par value common stock outstanding when the board of directors declared a stock dividend of 3,795 shares. At the time of the stock dividend, the market value per share was $15. The entry to record this dividend is: 02:43:08 Multiple Choice O Debit Retained Earnings $56,925; credit Common Stock Dividend Distributable $56,925. O No entry is needed. O Debit Retained Earnings $56,925; credit Common Stock Dividend Distributable $18,975; credit Paid-In Capital in Excess of Par Value, Common Stock $37,950. O Debit Retained Earnings $18,975; credit Common Stock Dividend Distributable $18,975. O Debit Common Stock Dividend Distributable $56,925; credit Retained Earnings $56,925. Graw Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAM X Question 8 - Acctg for Corpo. -M 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%... @ * G * Acctg for Corpo. -MC i Saved Help Save & Exit Submit 8 Fetzer Company declared a $0.45 per share cash dividend. The company has 440,000 shares authorized, 418,000 shares issued, and 17,600 shares in treasury stock. The journal entry to record the dividend declaration is: 02:42:50 Multiple Choice O Debit Retained Earnings $198,000; credit Common Dividends Payable $198,000. O Debit Common Dividends Payable $188,100; credit Cash $188,100. O Debit Common Dividends Payable $180,180; credit Cash $180,180. O Debit Retained Earnings $180,180; credit Common Dividends Payable $180,180. O Debit Retained Earnings $188,100; credit Common Dividends Payable $188,100. Graw 8 of 29 Hill Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAM X Question 9 - Acctg for Corpo. -M 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%... GLAA Acctg for Corpo. -MC i Saved Help Save & Exit Submit 9 Mayan Company had net income of $35,670. The weighted-average common shares outstanding were 8,700. The company declared a $3,400 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions. The company's earnings per share is: 02:42:40 Multiple Choice O $3.46. O $4.24. O $3.71. O $4.49. O $4.10. Graw Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAM X Question 10 - 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 JItimate Sportswear has $260,000 of 9% noncumulative, nonparticipating, preferred stock outstanding. Ultimate Sportswear also has $660,000 of common stock outstanding. In the 10 company's first year of operation, no dividends were paid. During the second year, the company paid cash dividends of $46,000. This dividend should be distributed as follows: 02:42:33 Multiple Choice O $0 preferred; $46,000 common. O $24,000 preferred; $22,000 common. O $23,400 preferred; $22,600 common. O $11,500 preferred; $34,500 common. O $23,000 preferred; $23,000 common. Graw