A corporation has 71,504 shares of $36 par stock outstanding that has a current market value of $312 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately a. 578 b. $17,876 c. 59 d. $276) On January 1, Vermont Corporation had 41,700 shares of $12 par value common stock issued and outstanding. All 41,700 shares had been issued in a prior period at $18 per share. On February 1, Vermont purchased 1,080 shares of treasury stock for $28 per share and later sold the treasury shares for $18 per share on March 1. The journal entry to record the purchase of the treasury shares on February 1 would include a Ocredit to Treasury Stock for $30,240 debit to Treasury Stock for $30,240 credit to a gain account for $10,800. debit to a loss account for $10,800 A company with 117,128 authorized shares of $5 par common stock issued 40,042 shares at $12 per share. Subsequently, the company declared a 2% stock dividend on a date when the market price was $30 a share. What is the amount transferred from the retained earnings account to paid-in capital accounts as a result of the stock dividend? Ca. $4,004 Ob. $20,021 c. $24,025) d. $70,277 Nexis Corp. Issues 2,990 shares of $12 par value common stock at $16 per share. When the transaction is recorded, what credit entry or entries are made? a. Common Stock $35,880 and Paid-in Capital in Excess of Par Value $11,960. 0000 b. Common Stock $11,960 and Retained Earnings $35,880. Cc. Common Stock $47,840. d. Common Stock $35,880 and Paid-in Capital in Excess of Stated Value $11,960