1 pts Question 1 The value assigned to a company's stock in the company charter is known as: par value assigned value no par value stated value Question 2 1 pts Any difference between a company's shares issued and shares outstanding would represent dividends paid during the year treasury stock authorized shares preferred stock Question 3 1 pts Goofy Corporation issues 1,000 shares of its 55 par value stock when the market price is $6 per share. The journal entry to record this issuance would include: Credit to Common Stock for 56.000 Debit to Cash for 55.000 Credit to APIC Common stock for $1.000 Debit to APIC Common stock for $1.000 On January 15, LexLuther Corporation declares a $2 per share cash dividend. The company has 100.000 shares authorized 40,000 shares issued and 30,000 outstanding. The dividend will be paid on January 31 to stockholders of record on January 25. How much cash will be paid to shareholders? 50 550.000 $90.000 $200.000 1 pts Question 5 On January 15, LexLuther Corporation declares a 52 per share cash dividend. The company has 100.000 shares authorized, 40,000 shares issued and 30,000 outstanding. The dividend will be paid on January 31 to stockholders of record on January 25, The January 25th Journal entry will include Credit toch Otto Cash Crotto Cash Dividends Payable No estry will be made duary 25th Question 6 1 pts Vana Corporation sells 100 shares of its treasury stock This treasury stock was acquired on March 1 at a cost of $10 per share and has a par value of 55 per share Vana sold the treasury shares on March 18. at a price of $13 pershane The journal entry for the sale on March would include credits to Traury Stock 51.000 and feed 500 0 5500 and Additional Paid Cocosto $800 Treator St. Stational Parcury Stocke $300 Ty Stock 550 Question 7 Rights of preferred shareholders include all of the following except: the right to recelve dividends it declared the right to receive a fred, or stated amount of dividends if anyare declared the right to liquidated assets in case of bankruptcy the right to vote 1 pts D Question 8 A company whose shares of stock are available to sale to outside parties is known as a privately held company publicly held company non-profit organization government agency Question 9 2 pts On May 1, Laney Company purchases 4,000 shares of its own $1 par value stock for $24.000 On October 1, the company reissues 1,000 of these stures when the market price s $7. Whith statement is correct regarding the reissuance? Adelitoral prin capital (APICI-Treasury Stock will be credited for $1,000 cash will be credited for 57.000 treasury stock will be debited $6.000 will be debited for $6000