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Giannis Company has 100,000 shares of $10 par value common stock outstanding. Giannis declares a 10% stock dividend on July 1 when the stock's market
Giannis Company has 100,000 shares of $10 par value common stock outstanding. Giannis declares a 10% stock dividend on July 1 when the stock's market value is $40 per share. The stock dividend is distributed on July 20. The journal entry for the declaration of the stock dividend is: Multiple Choice Credit Account Title Retained Earnings Common Stock Dividend Distributable Debit 400,000 400,000 Credit Account Title Retained Earnings Paid-In Capital in Excess of Par Value, Common Stock Common Stock Dividend Distributable Debit 100,000 300,000 400,000 Credit Debit 400,000 Account Title Retained Earnings Common Stock Dividend Distributable Paid-In Capital in Excess of Par Value, Common Stock 100,000 3 300,000 Credit Account Title Common Stock Dividend Distributable Retained Earnings Debit 400,000 400,000 The amount of annual cash dividends distributed to common shareholders relative to the common stock's market value is the: Multiple Choice Return on assets. O Dividend yield. Price-earnings ratio. O Current yield. Earnings per share. A company has net income of $925,000; its weighted average common shares outstanding are 185,000. Its dividend per share is $0.70 and its market price per share is $93. Its price-earnings ratio equals: Multiple Choice 10.20. O O 16.70. O 9.50 8.80 O O 18.60 Mayan Company had net income of $132,000. The weighted average common shares outstanding were 80,000. The company has no preferred stock. The company's basic earnings per share is: Multiple Choice O $1.65 O $1.59. $44.00. O $26.67 O $1.71. A company had a beginning balance in retained earnings of $44,900. It had net income of $7,900 and declared and paid cash dividends of $6,100 in the current period. The ending balance in retained earnings equals: Multiple Choice $58.900. $46,700. O $6,100. O O $43,100. O $14,000. Stockholders' equity consists of which of the following? Multiple Choice O Long-term assets. Paid-in (or contributed) capital and retained earnings. O Paid-in (or contributed) capital and par value. Retained earnings and cash. O Premiums and discounts
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