Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

11 Which of the following shows the proper effect of a stock split and a stock dividend? OA Item Stock Split Stock Dividend Total paid-in

11 Which of the following shows the proper effect of a stock split and a stock dividend? OA Item Stock Split Stock Dividend Total paid-in capital Increase Increase B. Item Stock Split Stock Dividend Par value per share No change Item Stock Split OD. Par value per share Total retained earnings Decrease Item Stock Split Decrease Increase Stock Dividend No change Stock Dividend Decrease Moving to another question will save this response. Question 8 Preferred stockholders have the following rights EXCEPT: OA. the right to sell their stock on the market. B. a stated dividend rate. OC. voting rights. OD, the priority over common stock in dividend distribution. Moving to another question will save this response. Question 7 All the following statements concerning bonds are correct, Except: O A. Bonds can be issued either at par, premium, or discount. B. Bonds are usually considered to be a long term liability. C. Bondholders have voting rights. OD. Bonds interest is tax deductible. Question 4 1 points On October 1, a corporation had 200,000 shares of $4 par value common stock, and $1,000,000 of retained eamings. The corporation decides a 2-5 stock solt. The general pu entry to record this transaction is: O A. No journal entry. OB. Retained earnings (debit) and stock split (credit). Oc. Retained earnings (debit) and common stock split distribution (credit). COD. Retained earnings (debit) and common stock (credit)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Schaums Outline Of Theory And Problems Of Managerial Accounting

Authors: Jae K. Shim, Joel G. Siegel

0070573050, 978-0070573055

More Books

Students also viewed these Accounting questions

Question

politeness and modesty, as well as indirectness;

Answered: 1 week ago