43) If a company retires preferred stock, A) total stockholders equity will increase B) the number of outstanding shares will increase C) the company can record a gain or loss on retirement of stock D) total stockholders' equity will decrease 44) On the cash dividends become a labaity of a corporation A) date of record C) declaration date B) payment date D) last day of the fiscal year 45) When a previously declared dividend is paid, which of the following occur 45) A) assets remain unchanged stockholders' equity increases B) liabilities decrease D) assets increase 46) Saturn Corporation has 19,000 shares of 10% $76 par noncumulative preferred stock outstanding 46) and 24,000 shares of no-par common stock outstanding. At the end of the current year, the corporation declares a dividend of $184,000. How is the dividend allocated between preferred and common stockholders? A) The dividend is allocated $182,400 to preferred stockholders and $1,600 to common stockholders B) The dividend is allocated $144,400 to preferred stockholders and $39,600 to common C) The dividend is allocated $6,230 to preferred stockholders and $102,698 to common D) The dividend is allocated $81,302 to preferred stockholders and $102,698 to common stockholders. stockholders 10,000 shares of common stock outstanding and 20,000 of preferred stock. The date of record is November 15, and the payment date is November 30, 2017. Regarding the date of record, which of the following statements is true? 47) On November 1, 2017, President, Inc. declared a dividend of $3.00 per share. President, Inc. has ) A) The company transfers cash to a brokerage firm on the date of record. B) The liability must be recorded on the date of record. C) Cash is disbursed to shareholders on the date of record D) No journal entry is made on the date of record. 48) When the corporation declares a stock dividend, a stockholder's percentage ownership in the stock 48 B) will decrease D) remains unchanged of the corporation A will increase C) can increase or decrease 49) common stock outstanding at the beginning of the year and 18,000 shares of common stock outstanding at the end of the year. There were 11,000 shares of preferred stock outstanding all year. During 2016, New Corporation declared and paid preferred dividends of $16,000. What is New Corporation's earnings per share? (Round the answer to two decimal places) 49) New Corporation had net income for 2016 of $79,000. New Corporation had 13,000 shares of D) $4.06 C $3.50 B S4.39 A) $5.10