Multiple Choice Question 180

Whispering Winds Corp. began business by issuing 190000 shares of $10 par value common stock for $21 per share. During its first year, the corporation sustained a net loss of $44000. The year-end balance sheet would show

Common Stock of $1900000.

Total paid-in capital of $3946000.

Common Stock of $3990000.

Total paid-in capital of $2090000.

Multiple Choice Question 152

Concord Corporation has 6500 shares of 5%, $100 par value, cumulative preferred stock and 13000 shares of $1 par value common stock outstanding at December 31, 2017. There were no dividends declared in 2015. The board of directors declares and pays a $58500 dividend in 2016 and in 2017. What is the amount of dividends received by the common stockholders in 2017?

$0.

$32500.

$19500.

$26000.