Question
169.A corporation purchases 10000 shares of its own $20 par common stock for $25 per share, recording it at cost. What will be the effect
169.A corporation purchases 10000 shares of its own $20 par common stock for $25 per share, recording it at cost. What will be the effect on total stockholders' equity?
Decrease by $250000.
Decrease by $200000.
Decrease by $50000.
Increase by $250000.
190.The board of directors of Bosco Company declared a cash dividend on November 15, 2017, to be paid on December 15, 2017, to stockholders owning the stock on November 30, 2017. Given these facts, the date of November 30, 2017, is referred to as the
record date.
payment date.
ex-dividend date.
declaration date.
178.Cheyenne Corp. issues 27000 shares of $50 par value preferred stock for cash at $75 per share. In the stockholders' equity section, the effects of the transaction above will be reported
entirely within the capital stock section.
entirely within the additional paid-in capital section.
entirely under the retained earnings section.
under both the capital stock and additional paid-in capital sections.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started