1.Alpha Corporation started the 2017 fiscal year with 100,000 shares common stock outstanding.On April 1 an additional 20,000 shares were issued. On July 1 Alpha reacquired 10,000 shares. Use this information to determine the number of weighted-average shares of common stock outstanding for the 2017 fiscal year?

2.The Common Stock account for Alpha Corporation on January 1, 2017 was $37,500. On June 1, 2017 Alpha issued an additional 4,500 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $10,000 on January 1 and $15,000 on June 2 and net income was $124,700.Use this information to determine for December 31, 2017 the amount of:

a.Total Stockholders Equity

b.Earnings per Share (rounded to the nearest penny)

3.On December 31, 2015, Alpha Corporation has outstanding 1,000 shares of $100 par value, 7% cumulative and nonparticipating preferred stock, and 20,000 shares of $10 par value common stock. No dividends were paid in 2015. During 2016, Alpha distributed $40,000 in dividends. Use this information to determine for the 2016 the dollar amount of dividends that will be distributed to:

a.Preferred Stock

b.Common Stock

6.On January 2, 2016, Alpha Corporation's initial capital stock transaction consisted of an issuance of 5,000 shares of $15 par value common stock, for $60 per share. On June 30, 2017 another 10,000 shares were authorized to be issued. Use this information to determine for the June 30, 2017 dollar value balances for:

a.Common Stock

b.Additional Paid in Capital in excess of par Common Stock

8.During all of fiscal year 2017, Alpha Corporation had outstanding 100,000 shares of $10 par common stock and 5,000 shares of noncumulative, $100 par value, 7% preferred stock.For 2017, Alpha Corporation had $830,000 income from continuing operations and $575,000 loss on discontinued operations; dividends were paid only to preferred shareholders. Use this information to determine how much Alpha Corporation should report for 2017 basic earnings per share for net income (loss). If it is a loss EPS then present the dollar sign & value in brackets. (Round your answer to the nearest penny.)

9.On January 1, 2017, Alpha Corporation had 50,000 shares of $10 par value common stock outstanding. On July 1, 2017, Alpha issued 30,000 additional shares on July 1, 2017. There is no class of preferred stock.At December 31, 2017, total stockholders' equity was $4,250,000.Use this information to determine the book value as of end of the FY 2017: (Round your answer to the nearest penny.)

10.On July 1, 2017, Alpha Company purchased inventory from its Japanese supply source. Terms of sale were 100,000 yen, due 30 days from the date of purchase.On July 30, 2017, Alpha paid for the supplies purchased on July 1. The exchange rate for the yen was $0.01 on the date of purchase, and $0.0097 on the date of payment. Use this information to Alpha Company's general journal entries to record the purchase and payment for inventory purchased from its Japanese vendor.

11.On January 2, 2016, Alpha Corporation issued 1,500 shares of $6 par value common stock. The issue price was $15 per share. On January 15, Alpha Corporation issued 1,100 shares of its $100 par 5% cumulative preferred stock for $105 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries.

12.On January 2, 2016, Alpha Corporation issued 1,500 shares of $6 par value common stock. The issue price was $15 per share. On January 15, Alpha Corporation issued 1,100 shares of its $100 par 5% cumulative preferred stock for $105 per share. Use this information to prepare the General Journal entry (without explanation) for the January 2 and January 15 entries.

13.On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On March 1, 2016, Alpha reacquired 1,000 of these shares when they were trading $20 each. September 1, 2016, when the market was soaring, Alpha reissued 400 shares of treasury stock at the going market rate of $16 per share. Use this information to prepare the General Journal entry (without explanation) for September 1.

14.On January 2, 2016, Alpha Corporation issued 15,000 shares of $10 par value common stock for $15 per share. On March 1, 2016, Alpha reacquired 1,000 of these shares when they were trading $20 each. September 1, 2016, when the market was soaring, Alpha reissued 400 shares of treasury stock at the going market rate of $16 per share. Use this information to prepare the General Journal entry (without explanation) for September 1.