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As per chegg guidlines you need to answer first 4 MCQ (If you are new on chegg then read the guidlines) please answer all the
As per chegg guidlines you need to answer first 4 MCQ (If you are new on chegg then read the guidlines) please answer all the 4 question with good Reason/calculation
A company purchases 1,500 shares of its $25 par value stock at $35 per share. It then reissues 500 shares at $40 per share. The entry upon reissue of the stock would include a credit to a. Cash for $2,500 b. Paid-in Capital from Treasury Stock for $2,500. c. Retained Earnings for $2,500 d Treasury Stock for $2,500. e none of the above If a company has 900,000 shares of common stock authorized, and has 750,000 shares issued, and holds 30,000 shares of common stock as treasury stock, the general ledger account for common stock, $1 par value would have a balance of a. $870,000 b. $720,000 c $750,000 d. $150,000 e, none of the above All of the following balances are normally found in a corporation's stockholders' equity section except a. common stock b. dividends in arrears. C. retained earnings. d. paid-in capital in excess of par. e none of the above Preferred stock would least likely have which characteristic? a. The right of the holder to vote at stockholders' meetings. b. The right of the corporation to redeem or retire the stock. c. Preference as to assets upon liquidation of the corporation. d. Preference as to dividends. none of the above eStep by Step Solution
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