Mcqs right option only :

Ermler Corporation has the following accounts at December 31: Common Stock, $10 par, 5,000 shares issued; Paid-in Capital in Excess of Par Value $20,000; Retained Earnings $45,000; and Treasury StockCommon, 500 shares @ $22 per share. Calculate the book value per share. *

2 points

$23.11

$20.80

$20.50

$22

Lowery, Keegan, and Feeney have income ratios of 5 : 3 : 2 and capital balances of $34,000, $31,000, and $28,000, respectively. Noncash assets are sold at a gain. After creditors are paid, $119,000 of cash is available for distribution to the partners. How much cash should be paid to Keegan? *

2 points

$38,800

$35,800

$35,700

$31,000

Using the data given below, calculate the value of total paid in capital. *

2 points

Captionless Image

$480,000

$2,824,000

$2,750,000

$2,024,000

Book value per share is computed as: *

2 points

Total stockholder's equity / Number of common shares authorized

Total stockholder's equity / Number of common shares outstanding

Total paid in capital / Number of common shares authorized

Total paid in capital / Number of common shares outstanding

Before the final distribution of cash, account balances are: Cash $23,000; Penn, Capital $19,000 (Cr.); Pattison, Capital $12,000 (Cr.); and Jeter, Capital $8,000 (Dr.). Jeter is only able to pay half of the capital deficiency. If the income-sharing ratios are 5 : 3 : 2, respectively, how much cash should be paid to Pattison? *

2 points

$10,500

$12,000

$9,000

$4,000