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A corporation has 14.000 shares of 15% 5101.00 pat nonnulative pr ed stock outstanding and 25.000 shares of no-po common stock outstanding At the end
A corporation has 14.000 shares of 15% 5101.00 pat nonnulative pr ed stock outstanding and 25.000 shares of no-po common stock outstanding At the end of the current year, the comporion de $200.000 What is the dividend per share for preferred stock and for common stock? (Round your answer to the nearest Cont) OA The dividend per share is 515 15 te preferred stock and 50 32 to common stock O . The dividend per share is $15.15 to preferred stock and 537.13 to common stock O C. The dividend per share is 515 15 to preferred stock and 515 15 to common stock OD. The dividend per share is 59.71 to preferred stock and 50 32 to common stock Refer to the following information for Tolan Corporation Common Stock 51.00 par, 106,000 shares issued, 92,000 shares outstanding Paid - In Capital in Excess of Par-Common: $2,180,000 Retained Eamings: 5990,000 Treasury Stock 14,000 shares purchased at $27.00 per share i Tolan resold 1,800 shares of treasury stock for $24.50 per share, which of the following statements would be true? O A The Retained Earnings account would increase by $44.100 OB. The Treasury Stock account would decrease by $48,600. OC. The Treasury Stock account would decrease by $24,300. OD. The Paid - In Capital in Excess of Par-Common account would increase by $1,800. DA Both appropriations and restrictions of retained earnings require journal entries OB. Ne jam entries are needed to appropriate or restrict retained earnings of retained eaming require journal entries, but restrictions on retained earnings are usually reported in notes to the financial statements O Restrictions on retained eamings must be journalized, but appropriations are usually reported in notes to the financial statements Which of the following statements, regarding no par stock, is incorrect? OA Regardless of the stock's issue price, Cash is debited and common Stock scredited for the cash received OB. There is no par to be in excess of OC. There can be no Paid-in Capital in Excess of Par OD. All of the statements are correct. Preferred stockholders O A. are guaranteed to receive an annual dividend payment O B. receive a set percentage of corporation net income O C. receive a dividend preference over common stockholders O D. are guaranteed that they will not have a loss on their investment Bedon, Ine had the following transactions in 2018, its first year of operations: Issued 32.000 shares of common stock. Stock has par value of $1.00 per share and was issued at $19.00 per share. Earned net income of $78,000 Paid no dividends At the end of 2018. what is the total amount of paid - in capital? O A $608,000 O B. $32,000 OC. 578,000 OD. 5686,000
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