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1).On october 1, 2106 Chief corporation declared and issued a 14% stock divided . Before this date chief had 82000 shares of $5 par common stock outsdanding. The market value of Chief Corpotation of the dtae of declaration was $10 per share . As result of this dividend Chief retained earnings will?

A) Decrease by 116800 B) Decrease by 1148000 C) iNCREASED 114800

2) Rober Cor was organized on Jannuary 1 2016. The firm was authorizex to isser 80000 shares of $5 par common stock. During 2016 Rober had the following transction relating to shareholder equity.

Issue 10700 shares of common stock at $5.60 per share

Issue 20700 shares of common stock at $8.30 per share

Reported a net income of $101000

Paid divident of $41000

Purchased 3800 shares of treasure stock at $10.30(part of the 20700 shares issued at $8.30)

What is total shareholders equity of the end of 2016?

A)252590 B)293590 C)254450 D)254190

3)Durinfg the first year of operation Cole Electronic completed the following transaction relating to shareholder equity.

January 6 Issued 2600000 sahres of common stock for 419 per share

February 12 Issued 14000 shares of common to accounta ts for $266000 of profession services.

The articles of incorporation authorize 5,000,000 shares of common stock with a par value of $1 per share and 1,000,000 prefferres shares with a par value of $100 per share.

Requires recors the above transactions in general form

A)iSSUED 2600000 SAHRES OF COMMON STOCK FOR 19 PER SHARE