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Good Time, Inc. has 20,000 shares of $4 par common stock outstanding, which was issued at $10 per share. It also has Retained Earnings of

  1. Good Time, Inc. has 20,000 shares of $4 par common stock outstanding, which was issued at $10 per share. It also has Retained Earnings of $83,000.How much is Good Times total stockholders equity?
    1. $83,000
    2. $283,000
    3. $200,000
    4. $120,000

  1. What is the term for a companys own stock that it has issued and repurchased?
    1. Issued stock
    2. Stock dividend
    3. Outstanding Stock
    4. Treasury stock

  1. A $100,000 bond priced at 102 can be bought or sold for what amount
    1. $102,000
    2. $120,000
    3. $122,000
    4. None of the above

  1. When a bond is sold for less than face value amount, it is issued at a
    1. Discount
    2. Inversion
    3. Premium
    4. Preference

5. Treasury shares plus outstanding shares equal

a.

unissued shares.

b.

subscribed shares.

c.

authorized shares.

d.

issued shares.

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