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Glow Corporation has 50,000 shares of preferred shares outstanding, with annual dividends paid at the rate of $1.50 per share. Glow also has 100,000 shares
Glow Corporation has 50,000 shares of preferred shares outstanding, with annual dividends paid at the rate of $1.50 per share. Glow also has 100,000 shares of common shares outstanding. If Glow declares a $250,000 dividend in 2013, each outstanding share of common shares would receive OA. $1.75 OC. $2.50 OD. $1.50 Assets received in exchange for the issuance of stock should be recorded at: 0 A. historical cost less accumulated amortization taken to date 0 B. book value prior to the issuance OC. historical cost D. fair market value as determined by a good-faith estimate from independent appraisers Assets received in exchange for the issuance of stock should be recorded at: A. historical cost less accumulated amortization taken to date O B. book value prior to the issuance OC. historical cost 0 D. fair market value as determined by a good-faith estimate from independent appraisers Share capital is also known as 0 A, common shareholders' equity OB, total shareholders' equity OC. retained earnings OD, contributed capital Which of the following statements regarding stock splits is incorrect? 0 A. A stock split increases total owners' equity O B. A stock split decreases the market price of the shares C. A stock split involves a reduction in the share's issue value 0 D. A stock split is an increase in the number of authorized, issued, and outstanding shares
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