ABC has 360,000 authorized, 230,000 shares issued and 142,000 shares outstanding. ABC issues a 8/1 stock split (for every 1 share owned by an investor, the investor gets 8 shares). Sam has 190 shares of stock. After the stock split, how many shares of ABC stock does Sam have? Your Answer: Answer Question 2 (4 points) ABC issues 14,000 shares of common stock to investors on January 1 for cash, with the investors paying cash of $29 per share. The par value of the stock is $1 per share. What is the amount applied to additional paid in capital? Your Answer: Answer On January 1st, DEF company has 106,000 shares authorized, 94,000 shares issued and 82,000 shares outstanding. On January 1st, DEF declares a dividend of $7 to shareholders of record on January 15th. On February 1st, DEF will pay the dividend. What is the amount of dividends paid on January 15 th? Your Answer: Answer Question 4 (4 points) On January 1st, ZYX company purchased 1,400 shares of its own stock at $29 per share. On January 20th, ZYX later reissues or sells 239 shares of treasury stock for $50 per share. What is the amount debited to Treasury stock on January 1st? Your Answer: Answer Question 5 (4 points) On January 1st, ZYX company purchased 1,300 shares of its own stock at $21 per share. On January 20th, ZYX later reissues or sells 349 shares of treasury stock for $12 per share. On January 20th, the balance in Additional paid in capital-Treasury stock is credit balance of $0. What is the amount debited to Retained earnings on January 20th? Your