Hello,

I need help with my Accounting Questions. I need a detailed explanation.

Thank You so much.

0. What effect does the issuance of a 40% stock dividend have on Par Value per Share and Additional Paid-in-capital, respectively? Select one: a. No effect. No effect b. Increase No effe c. Decrease, No effect d. Decrease. Decrease e. No effect. Decrease 7. When a corporation purchases its own stock and uses the cost method, a debit entry is made to which account(s)? Select one: a. Both Common Stock and Paid-in Capital from Treasury Stock b. Com Stock, but not Paid-in Capital from Treasury Stock mon c. Paid-in Capital from Treasury Stock, but not Common Stock d. Neither Paid-in capital from Treasury Stock nor common stock 8. Farrah Inc. presented the following data 2014 Net income S3,000 S2,000 10% Preferred stock (not cumulative) 1/1; 750 shares outstanding 1: 750 shares issued in a 2-for-1 stock split 7/1: 600 shares treasury stock acquired 12/1 240 shares issued for cash Preferred dividends paid in 2014 totaled $200. The denominator to be used in Basic EPS is: Select one: a. 1.280 b. 1.095 c. 820 d. 1.220 e. 1.140