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A company with 90,000 authorized shares of $7 par common stock issued 46,000 shares at $13.5 subsequently, the company declared a.2% stock dividend on a
A company with 90,000 authorized shares of $7 par common stock issued 46,000 shares at $13.5 subsequently, the company declared a.2\% stock dividend on a date. When the market price was $25 per share. What is the amount transferred from the retained eamings account to poid-in capital accounts as a resuit of the stock dividend? a. 56440 b. $16,560 c. $23,000 d. $45,000 The charter of a corporation provides for the issuance of 105,000 shares of common stock. Assume that 54,000 shares were originally issued and 4,500 were subsequently reacquired. What is the number of shares outstanding? b. 58,500 b. 49,500 c. 4.500 d. $4,500 Bonds Payable has a balance of $1,035,000 and Discount on Bonds Payable has a balance of $10,350. If the issuing corporation redeems the bonds at 97.5 , what is the amount of gain or loss on redemption? a. 510350 gain b. 515.5251005 c. 510,350106 d. 51,525 gein If $682,000 of 10% bonds are issued at 94 , the amount of cash received from the sale is a. 5750,200 b. $613,800 c. $641,080 d. 5682,000
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