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Corcoran Inc. reported the following information at December 31: Preferred Stock, $2.00 par, 10,000 shares authorized $ 5,400 Additional paid-in capital preferred stock 4,995 Common

Corcoran Inc. reported the following information at December 31:

Preferred Stock, $2.00 par, 10,000 shares authorized

$ 5,400

Additional paid-in capital preferred stock

4,995

Common stock, $1.00 par, 6,000 shares authorized

1,800

Additional paid-in capital common stock

4,350

Retained earnings

8,500

Treasury stock, at cost of $4 per share

(1,000)

Total

$24,045

Smeagles Trucking common stock was selling for $12 per share at year-end. If the company declares a 10% common stock dividend, what will be the amount of total shareholders' equity at year-end?

Select one:

A. $15,500

B. $15,950

C. $24,045

D. $ 5,400

Upon submitting its corporate charter to the state, Super Zip-line was granted permission to issue 5,000 shares of $0.30 par value common stock. Net income for the year for Super Zip-line was $82,000. In addition, the following transactions took place during the year:

January 2:

Investors paid Super Zip-line $7 each for 2,100 shares of common stock.

March 12:

Super Zip-line purchases 500 shares of its own common stock for $6.50 per share.

October 31:

Super Zip-line declared a 2-for-1 forward stock split.

As of December 31, how many shares are issued, and how many shares are outstanding?

Select one:

A. Issued, 3,400; Outstanding, 4,200

B. Issued, 3,400; Outstanding, 2,100

C. Issued, 4,200; Outstanding, 3,200

D. Issued, 4,200; Outstanding, 1,700

Selected accounts from Tushy Companys balance sheet appear below as of December 31:

Bonds payable, net of $7,150 discount

$ 94,500

Common stock

134,000

Retained earnings

147,500

Accumulated other comprehensive income:

Unrealized loss on available-for-sale securities

(7,000

)

The company reported net income of $17,000 and interest expense of $11,000, of which $2,800 was bond amortization, on its income statement. In addition, the available-for-sale securities increased in value by $2,250 during the year. How much is the cash flows from (for) operating activities?

Select one:

A. $18,400

B. $22,050

C. $15,600

D. $19,800

The asset section of the balance sheet for Corgie's Corporation appears below (amounts in millions):

Assets

Current assets

Cash and cash equivalents

$ 1,225.0

Net receivables

4,603.5

Inventory

3,390.0

Other current assets

234.5

Total current assets

9,453.0

Long term investments

107.5

Property, plant and equipment

12,047.5

Intangible assets

104.0

Other assets

568.0

Total assets

$22,280.0

Assume that plant assets totaling $2,400.0 million were purchased, depreciation totaling $1,100.0 million is recorded, cash and cash equivalents declined by 10%, while all other current assets increased by 7%. Assume all other asset amounts remain the same amounts. How much are pro forma total assets?

Select one:

A. $23,383.5 million

B. $10,686.0 million

C. $24,033.5 million

D. $23,933.5 million

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