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1 hr time limit urgent Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAM X Question 21 - Acctg for Corpo. -| X Course Hero X C

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image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed Assignments: CONCEPTUAL FRAI X Assignments: CONCEPTUAL FRAM X Question 21 - 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 Fargo Company's outstanding stock consists of 850 shares of noncumulative 5% preferred stock with a $10 par value and 4,600 shares of common stock with a $1 par value. During the 21 first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & 02:36:27 Paid year 1 $32,000 year 2 $ 4,000 year 3 $41, 000 The amount of dividends paid to preferred and common shareholders in year 1 is: Multiple Choice O $27,2500 preferred; $4,750 common. O $32,000 preferred; $0 common. O $425 preferred; $31,575 common. O $16,000 preferred; $16,000 common. Graw Hill :. ..Assignments: CONCEPTUAL FRAN Question 22 - 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 James Company has 1,100 shares of $100 par preferred stock, which were issued at par. It also has 26,000 shares of common stock outstanding, and its total stockholders' equity equals 22 $528,600. The book value per common share is: 02:33:30 Multiple Choice O $20.33. O $100.00. O $15.45. O $19.51. O $16.10. Graw 22 of 29 Hill Assignments: CONCEPTUAL FRAN Question 23 - 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 Sweet Company's outstanding stock consists of 1,200 shares of cumulative 4% preferred stock with a $100 par value and 11,200 shares of common stock with a $10 par value. During the 23 first three years of operation, the corporation declared and paid the following total cash dividends. Dividends Declared & 02:33:19 Paid Year 1 $ 3,200 Year 2 $ 7,200 Year 3 $38, 000 The total amount of dividends paid to preferred and common shareholders over the three-year period is: Multiple Choice O $9,600 preferred; $38,800 common. O $4,800 preferred; $43,600 common. O $12,000 preferred; $36,400 common. O $14,400 preferred; $34,000 common. Graw HillAssignments: CONCEPTUAL FRAN Question 24 - 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 A corporation issued 5,600 shares of $10 par value common stock in exchange for some land with a market value of $82,000. The entry to record this exchange is: 24 Multiple Choice 02:33:07 O Debit Land $82,000; credit Common Stock $82,000. O Debit Common Stock $56,000; debit Paid-In Capital in Excess of Par Value, Common Stock $26,000; credit Land $82,000. O Debit Land $56,000; credit Common Stock $56,000. O Debit Land $82,000; credit Common Stock $56,000; credit Paid-In Capital in Excess of Par Value, Common Stock $26,000. O Debit Common Stock $82,000; credit Land $82,000. Graw Assignments: CONCEPTUAL FRAN Question 25 - 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 25 A company's board of directors votes to declare a cash dividend of $1.00 per share of common stock. The company has 20,000 shares authorized, 15,000 issued, and 14,500 shares outstanding. The total amount of the cash dividend is: 02:32:56 Multiple Choice O $19,000. O $14,500. O $20,000. O $29,500. O $15,000. Graw Assignments: CONCEPTUAL FRAN Question 26 - 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%... @ * G * A Acctg for Corpo. -Mci Saved Help Save & Exit Submit A company issued 200 shares of $100 par value common stock for $23,800 cash. The total amount of paid-in capital in excess of par is: 26 Multiple Choice 8 02:32:42 O $100 O $23,800. O $2,000. O $3,800. O $20,000. Graw 26 of 29 Hill

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