Accounting Questions

Mary Janane's capital statement reveals that her drawings during the year were $50,000. She made an additional capital investment of $25,000 and her share of the net loss for the year was $10,000. Her ending capital balance was $200,000. What was Mary Janane's beginning capital balance? $260,000 . $225,000 . $185,000 . $235,000 . Venco Corporation's December 31, 2010 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 10,000 shares authorized; 7,500 shares issued Common stock, $10 par value, 1,000,000 shares authorized; 975,000 shares issued, 960,000 shares outstanding Paid-in capital in excess of par valuepreferred stock Paid-in capital in excess of par valuecommon stock Retained earnings Treasury stock (15,000 shares) Venco's total paid-in capital was $23,430,000 . $23,745,000 . $23,115,000. $13,080,000 . Legal capital per share cannot be equal to the total proceeds from the sale of par value stock above par value. par value per share of par value stock. $150,000 9,750,000 30,000 13,500,000 3,750,000 315,000 stated value per share of no-par value stock. total proceeds from the sale of no-par value stock. Retro Company is authorized to issue 10,000 shares of 8%, $100 par value preferred stock and 500,000 shares of no-par common stock with a stated value of $1 per share. If Retro issues 5,000 shares of common stock to pay its recent attorney's bill of $20,000 for legal services on a land access dispute, which of the following would be the journal entry for Retro to record? Legal Expense 5,000 Common Stock Legal Expense 5,000 20,000 Common Stock Legal Expense Common Stock 20,000 20,000 5,000 Paid-in Capital in Excess of Stated Value - Common Legal Expense 15,000 20,000 Common Stock 5,000 Paid-in Capital in Excess of Par - Preferred 15,000 The return on common stockholders' equity is computed by dividing net income by average common stockholders' equity. net income minus preferred dividends by average common stockholders' equity. net income minus preferred dividends by ending common stockholders' equity. net income by ending common stockholders' equity. Cuther Inc., has 1,000 shares of 6%, $50 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2009, and December 31, 2010. The board of directors declared and paid a $2,000 dividend in 2009. In 2010, $12,000 of dividends are declared and paid. What are the dividends received by the common stockholders in 2010? $3,00 0 $8,00 0 $6,00 0 $4,00 0