Hello Accountant. I would like an immediate assistance with this accounting multiple choice questions. Thanks

1) At January 1, 20D, Clare Corporation had outstanding capital shares as shown below. During December, 20D, it declared and paid cash dividends of $48,000 to the preferred shareholders. a) b) c) d) (1) Common shares--100,000 shares outstanding (2) Preferred shares--20,000 shares outstanding, $0.80 cumulative. The shares were issued at a price of $15 per share. How many years were the preferred dividends in arrears? One year. Two years. Three years. Four years. 2) Yet Corporation had net earnings of $500,000. It paid $125,000 in dividends to the preferred shareholders. Yet Corporation had a weighted average of 1,500,000 common shares and 250,000 preferred shares. Yet Corporation's earnings per share was: a) $0.25 b) $0.33 c) $0.29 d) $0.21 3) Towson Inc. had 300,000 common shares before a stock split occurred and 600,000 shares after the stock split. The stock split was a) 2 for 4. b) 4 for 1. c) 1 for 4. d) 2 for 1. 4) Wide World Corporation issued a 3-for-2 stock split (i.e., three new shares in exchange for each two old shares turned in) of its common shares which had a market value of $100 before the split. What dollar amount of retained earnings should be transferred to the common share account? a) Market value before the split. b) Market value after the split. c) Half of the previous total amount in the common share account(s). d) None should be transferred. 5) In 2014, P Co declared dividends totalling $.52 per common share when earnings per share were $1.31 and its market price was 40 7/16. In 2013, its dividends totalled $.46 per share, its earnings per share were $1.36 and its market price was 34 11/16. What was the computed dividend yield ratio for 2014 and 2013 respectively? (Rounded to nearest 1 decimal) a) 1.8% and 1.9% b) 1.3% and 1.3% c) 1.7% and 1.3% d) 2.1% and 2.3% 6) Igor Corp declared a two-for-one stock split. Tina Sother owned 500 shares of Igor that were trading for $20 each before the split. Which of the following is true? a) The number of shares Tina owns will increase by 50%. b) The market price per share will drop by 50%. c) The total market value of Tina's shares will double. d) The market price per share will increase by 100%. 7) A stock split will a) have no effect on retained earnings. b) increase total share capital. c) increase the total assets. d) decrease the number of shares. 8) Dividends in arrears on cumulative preferred shares a) never have to be paid, even if common dividends are paid. b) must be paid before common shareholders can receive a dividend. c) should be recorded as a current liability until they are paid. d) enable the preferred shareholders to share equally in corporate profit with the common shareholders. 9) The date on which a cash dividend becomes a binding legal obligation is on the a) declaration date. b) date of record. c) payment date. d) last day of the fiscal year end. 10) Assume the following shares outstanding: (1) Preferred shares, $3, cumulative, 1,000 shares with dividends in arrears 3 years, for 20A, 20B, and 20C. (2) Common shares, 2,000 shares. Total dividends declared in 20D were $30,000. What is the total amount of dividends to which common shareholders are entitled? a) $18,000 b) $21,000 c) $27,000 d) $30,000