Question
Jeb Inc. issued 1,000 shares of $5 par value common stock at par for cash. What is the entry to record the transaction? Select
Jeb Inc. issued 1,000 shares of $5 par value common stock at par for cash. What is the entry to record the transaction? Select one: O a. Dr. Cash $5,000. Cr. Common Stock $5,000 O b. Dr. Cash $1,000. Cr. Common Stock $1,000 O c. Dr. Cash $1,000. Cr. Retained Earnings $1,000 O d. Dr. Common Stock $5,000. Cr. Retained Earnings $5,000 Johnny Cash, Inc. paid $200,000 in dividends in 2019. In 2019, net income is $850,000. In 2018, Johnny Cash, Inc. reported net income of $500,000 and paid $100,000 in dividends. The 2019 payout ratio is? Select one: O a. 23.53% O b. 20% O c. 22.22% O d. 425% Return on common stockholder's equity is calculated by: Select one: O a. Net income plus preferred stock dividend divided by average common stockholder's equity O b. Cash dividends on common stock divided by net income O c. Net income minus preferred stock dividend divided by average common stockholder's equity O d. Net income divided by average total debt
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