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Beckham Corporation has 3,000 shares of $100 par value, 7% cumulative preferred stock, and 10,000 shares of $10 par value common stock outstanding during its

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Beckham Corporation has 3,000 shares of $100 par value, 7% cumulative preferred stock, and 10,000 shares of $10 par value common stock outstanding during its first five years of operation. Beckham Corporation paid cash dividends as follows: 2018, $30,000; 2019, 80; 2020, 565,000; 2021, $30,000; 2022, $15,000. The amount of dividends received by the common stockholders during 2021 was: Select one: a $30,000 b. $21,000 c. $9,000 d. so The Corace Company issued 2,000 shares of $2 par value stock to pay for legal services provided by Scavone Company, Market value of the stock was $10 per share. The journal entry will include: Select one: a. A $20,000 debit to Legal Services Expense b. A $4,000 debit to Legal Services Expense C. A $20,000 credit to Common Stock d. A $20,000 credit to Paid-in-Capital in Excess of Par The number of shares of issued stock equals: Select one: a. Unissued shares minus treasury shares b. Outstanding shares plus treasury shares c. Subscribed shares plus outstanding shares d. Authorized shares minus treasury shares Which of the following affects total stockholders equity? Select one: a. Stock Spil b. Stock Dividend c. Cash Dividend d. Bond Issuance an

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