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ACCLAULL issued shares that have been repurchased by the corporation. 22. Authorized stock represents the a number of previously issued shares th number of shares

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ACCLAULL issued shares that have been repurchased by the corporation. 22. Authorized stock represents the a number of previously issued shares th number of shares that the corporation has sold number of shares that are currently held by ste d. maximum number of shares that 23. A company issued $1,000,000 of 10 that are currently held by stockholders. umber of shares that can be issued for each class of stock, per the corporate charter. de $1,000,000 of 10% notes that resulted in interest expense of $100.000 per year. What is the hy's net cash outflow if the effective tax rate is 40% company's net cash (i.e., the after-tax cost of the debt)? a. S100,000 b. $ 60,000 c. $ 40,000 d. $160,000 24. Restricted (or appropriated) Retained Earnings may be reported a. as a separate account within the Stockholders' Equity of the balance sheet. b. as a disclosure in the footnotes to the financial statements. c. either a or b. d. neither a norb. 25. Current assets are $200,000, long term assets are $300,000, current liabilities are $100,000, long-term liabilities are $200,000, paid-in capital is $150,000, and retained earnings total $50,000. What is the debt-to-total-assets ratio? a. 0.4 or 4 to 1 b. 0.6 or 6 to 1 c. 0.2 or 2 to 1 d. 0.9 or 9 to 1 26. When a corporation issues a stock dividend, which of the following is true? a. Cash decreases. b. Total stockholders' equity remains the same c. Total stockholders' equity decreases. d. Retained earnings is increased

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