A company has 950 shares of $63 par value preferred stock outstanding. It also has 12,000 shares of common stock outstanding, and the total value of its stockholders' equity is $471,450. The company's book value per common share equals:

Multiple Choice

• $36.41.

• $34.30.

• $31.78.

• $35.33.

• $39.29.

A corporation issued 200 shares of its $5 par value common stock in payment of a $2,800 charge from its accountant for assistance in filing its charter with the state. The entry to record this transaction will include:

Multiple Choice

• A $2,800 credit to Common Stock.

• A $1,800 credit to Paid-in Capital in Excess of Par Value, Common Stock.

• A $1,000 debit to Organization Expenses.

• A $2,800 debit to Legal Expenses.

• A $2,800 credit to Cash.

Global Corporation had 44,000 shares of $20 par value common stock outstanding on July 1. Later that day the board of directors declared a 5% stock dividend when the market value of each share was $29. The entry to record the dividend declaration is:

Multiple Choice

• Debit Retained Earnings $63,800; credit Common Stock Dividend Distributable $44,000; credit Paid-In Capital in Excess of Par Value, Common Stock $19,800.

• Debit Retained Earnings $63,800; credit Cash $63,800.

• Debit Retained Earnings $44,000; credit Common Stock Dividend Distributable $44,000.

• No entry is made until the stock is issued.

• Debit Retained Earnings $63,800; credit Common Stock Dividend Distributable $63,800.

In preparing a company's statement of cash flows using the indirect method, the following information is available:

Net income	$	53,000
Accounts payable increased by		18,100
Accounts receivable decreased by		25,100
Inventories increased by		5,200
Depreciation expense		30,300

Net cash provided by operating activities was:

Multiple Choice

• $81,500.

• $71,100.

• $121,300.

• $131,700.

• $60,700.