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Anthem Inc. issues 200,000 shares of stock with a par value of $0.03 for $152 per share. Three years later, it repurchases these shares for
Anthem Inc. issues 200,000 shares of stock with a par value of $0.03 for $152 per share. Three years later, it repurchases these shares for $82 per share. Anthem records the repurchase in which of the following ways? Multiple Choice Debt Stockholders' Equity for $30.40 million credit Additional Paid in Capital for $15.40 million and credit Cash for $16.40 million Debit Common Stock for $6,000, debit Additional Paid-in Capital for $16,394 000 and credit Cash for $16.40 million Oo oo Debit Common Stock for $6,000. debit Additional Paid in Capital for $30,394,000 and credit Cash for $30.40 million Debit Treasury Stock for $16.40 million and credit Cash for $16.40 million Seville Co. issued 1,500 shares of $68 par value stock for $112,500. What is the total amount of contributed capital? Multiple Choice S12.500 S68 S102.000 S10.500 Gladstone company issues 116,000 shares of preferred stock for $40 a share. The stock has fixed annual dividend rate of 6% and a par value of $7 per share. If sufficient dividends are declared, preferred stockholders can anticipate receiving dividends of Multiple Choice O $48.720 each year O O 57 per share O C ) of net income each year O $278.400 each year The Retained Earnings balance was $24,300 on January 1. Net income for the year was $20,200. If Retained Earnings had a credit balance of $26.600 after closing entries were made for the year, and if additional stock of $6,600 was issued during the year, what was the amount of dividends declared during the year? Multiple Choice o 329 100 o 126, o o O snooo
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