1a.) The entry to record the purchase of 5,000 shares of a corporation's own $20 par common stock at $25, paid in cash, includes a debit to:

	Paid-In Capital in Excess of Par
	Treasury Stock

	Common Stock
	Retained Earnings

1b.) What is the total stockholders' equity based on the following data?

Common Stock	$800,000
Excess of Issue Price Over Par	375,000
Retained Earnings (deficit)	(50,000)

	$1,225,000
	$1,125,000

	$1,175,000
	$1,100,000

1c.) A corporation has 10,000 shares of $10 par value stock outstanding. If the corporation issues a 2-for-1 stock split, the number of shares outstanding after the split will be:

	10,000
	20,000

	200,000
	5,000

1d.) The net effect to a corporation of the declaration and payment of a cash dividend is to:

	decrease assets and decrease stockholders' equity
	decrease liabilities and decrease stockholders' equity

	increase stockholders' equity and decrease liabilities
	increase assets and increase stockholders' equity

1e.) The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 50,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1 per share dividend is declared?

	$50,000
	$5,000

	$100,000
	$45,000