1. Nebraska Inc. issues 2,600 shares of common stock for $83,200. The stock has a stated value of $12 per share. The journal entry to record the stock issuance would include a credit to Common Stock for

a.$2,600

b.$83,200

c.$31,200

d.$52,000

2. Nebraska Inc. issues 3,000 shares of common stock for $45,000. The stock has a stated value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for

a.$45,000

b.$30,000

c.$15,000

d.$3,000

3. The charter of a corporation provides for the issuance of 114,000 shares of common stock. Assume that 53,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding?

a.48,000

b.5,000

c.53,000

d.58,000

4. Windborn Company has 10,000 shares of cumulative preferred 2% stock, $100 par and 50,000 shares of $30 par common stock. The following amounts were distributed as dividends:

Year 1	$50,000
Year 2	10,000
Year 3	60,000

Determine the dividends per share for preferred and common stock for each year. Round all answers to two decimal places. If an answer is zero, enter '0'.

	Year 1	Year 2	Year 3
Preferred stock (Dividends per share)	$	$	$
Common stock (Dividends per share)	$	$	$