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11. Your Corporation is authorized to issue 25,000 shares of $10 par value stock. It issued 10,000 shares for $16 per share. What effect will

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11. Your Corporation is authorized to issue 25,000 shares of $10 par value stock. It issued 10,000 shares for $16 per share. What effect will this event have on the company's accounting equation? A. Increase assets by $400,000, increase equity by $400,000. B. Increase assets by $160,000, increase equity by $160,000. C. Increase assets by $100,000, increase equity by $100,000. D. Increase assets by $100,000, increase equity by $100,000. 12. A corporation sold 25,000 shares of its $8 par value common stock at a cash price of $15 per share. Record the journal entry to record this transaction. A. Cash 375,000 175,000 200,000 Common stock Paid in Capital in Excess of Par Paid in Capital in Excess of Par Common stock B. 200,000 Cash Common stock Common stock 175,000 75,000 375,000 | 375,000 375,000 200,000 C. Cash D. Cash Paid in Capital in Excess of Par 175,000 13. A company has earnings per share net income of $900,000; its weighted-average common shares outstanding are 180,000. Its dividend per share is $6, its market price per share is $88, and its book value per share is $76. What is the dividend yield? A. 5% B. 6.8% C. 7.9%

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