compony extracted 7200 tons of copper The copper vias sold for $5700 per ton Assime thot the compeay incuired $8,820000 in operating expentes duning Yeat 1 What ts the anoug of net income for Year 1? Multese chace $22996000 \$44orkicoo sib 44000 On January 1 . Year 1, Eureka Company issued $130,000 of 5 year. 6% bonds at foce value. The annual cash peyment for interest is due on Jariuary 1 of each year beginning lanuary t. Yeat 2 . might be owed to bondholders at December 31 , tear 1 ) Muple Shoice $130000 3573800 5129220 Mr.800 price of Napolis stack was $18 per share. On Decenber 3i. Year 2 the morket price was $21 per share. What 1 the price earnings tabo for Nopoilat the end of Year 2 ? Mithele Chose 2100 by 00 E Elimo Wone ef thene answer ihwers aie crotest Gilligan Corporation was established on February 15, Year 1. Gilligan is authorized to issue 350.000 shares of $12 par volue common stock. As of December 31, Year 3, Gilligan's stockholders' equity accounts report the following balances: At the end of Year 3, Gilligan decides to issue o 10% stock dividend. At the time of issue, the market price of the stock was $26 per share. What is the number of shares outstanding after the stock dividend is issued? Curtain Company paid dividends of $15,500,$21,500, and $53,350 during Year 1, Year 2 , and Year 3 , respectlvely. The company had 2,900 shares of 5.0%,$200 por value preferred stock outstanding that paid a cumulative dividend. What is the fotal amount of dividends poid to common shareholders during Year 3 ? Maliple Choice 513,500 $37350 534,500 529000 Montana Company was authorized to issue 150,000 shores of common stock. The compony had issued 69,000 shares of stock when it purchased 11,000 shares of treasury stock. After the purchase of treasury stock, the number of outstanding shares of common stock was which of the following? Multiple Choice 139000 80,000 69,000 58,000 On September 1, Year 1, Orvile Corporation has unappropriated retoined earnings of $7,700,000, appropriated retained earnings of $4.700,000. cash of $9.200.000, and accounts payable of $1,200.000. What is the maximum amount that can be used for cash dividends? Mulsple Ghoice 59,200,000 51700000 $9,400,000 $3,000000