NISL. Diackboard.com/webapps/assessment/take/launch.jsp?course assessment_id=399300_1&course_id=91759 1&content ic QUESTION 1 On January 1, Year 1, a company had the following transactions: Issued 10,000 shares of $2 par common stock for $12 per share. Issued 3,000 shares of $50 par, 6% cumulative preferred stock for $70 per share Purchased 1,000 shares of previously issued common stock for $15 per share. The company had the following dividend information available: Year 1 Year 2 Year 3 Year 4 No dividend paid Paid $2,000 total dividends Paid $20,000 total dividends Paid $25,000 total dividends Using the following format, fill in the correct values for each year. Year 1 Year 2 Year 3 Year 4 Common stock dividend Preferred stock dividend Dividends in arrears T T T Arial 7 3 (12pt) TEE Click Save and Submit to save and submit Click Save All Answers to save all answers. LoL JW, 37,000, di PU-H Caple excess of Staldd value, $15,000 QUESTION 8 A company had stock outstanding as follows during each of its first three years of operations: 2,500 shares of 10%, $100 par, cumulative preferred stock and 50,000 shares of $10 par common stock. The amounts distributed as dividends are presented below. Determine the total and per-share dividends for each class of stock for each year by completing the schedule. Preferred Total Per Share Common Total Per Share Year Dividends $10,000 25,000 2 3 60,000 TT T Arial 3 (12pt) T... Click Save and Submit to save and submit. Click Save All Answers to save all answers, 20000 QUESTION 9 Using the following accounts and balances, prepare the Stockholders' equity section of the balance sheet. Fifty thousand shares of common stock are authorized, and 5,000 shares have been reacquired. $1,250,000 800,000 42,000 Common Stock, $50 par Paid-In Capital in Excess of Par Paid-In Capital from Sale of Treasury Stock Retained Earnings Treasury Stock TTT Arial 3 (12pt) 4,350,000 155,000 T-E- E -- 25 gi Pathi Words:0 Click Save and submit to sove and submit Click Save All Answers to save all answers, QUESTION 11 Sabas Company has 40,000 shares of $100 par, 1% preferred stock and 100,000 shares of $50 par common stock. The following amounts were distributed as dividends: Year 1 $50,000 Year 2 90,000 Year 3 130,000 Determine the dividends per share for preferred and common stock for each year. T TT Arial 3 (12pt) T-E- E Words:0 Pathi Click Save and submit to save and submit. Click Save All Answers to save all answers 1 QUESTION 13 Torre Company has the following stockholders' equity account balances in stockholders' equity on December 31. Common Stock, $5 par (60,000 shares issued) Paid-In Capital in Excess of Par-Common Stock Preferred Stock, $100 par (5,000 shares issued) Paid-In Capital in Excess of ParPreferred Stock Retained Earnings Treasury Stock (cost, $12 per share) $300,000 600,000 500,000 100,000 200,000 60,000 (a) How many shares of treasury stock are owned? (b) What was the average market price per share at which common stock was issued? (c) What was the average market price per share at which preferred stock was issued? (d) What is the total value of the paid-in capital portion of stockholders equity? (e) What is the total value of stockholders' equity? (1) How many shares of common stock are outstanding? If net income for the year was $75,000 and a preferred stock dividend of $20,000 was paid, what (g) was the beginning value of retained earnings? How much is earnings per share for the year? TT T Arial 3 (12pt) T D Click Save and Submit to save and submit. Click Save All Answers to save all answers QUESTION 17 Sabas Company has 20,000 shares of $100 par, 1% noncumulative preferred stock and 100,000 shares of $50 par common stock The following amounts were distributed as dividends: Year 1 $10,000 Year 2 15,000 90,000 Year 3 Determine the dividends per share for preferred and common stock for each year. TT T Arial 3 (12pt) T Words:0 Path: QUESTION 18 Click Save and submit to save and submit Click Save All Answers to save all answers. QUESTION 19 On April 10, a company acquired land in exchange for 1,000 shares of $20 par common stock with a current market price of $73. Joumalize this transaction TT T Arial 3 (12pt) T-E 25 Words Path:P QUESTION 20 A corporation has 50,000 shares of $25 par stock outstanding that has a current market value of $120. If the corporation issues a 5-for-1 stock split, the value of the stock after the split will be a. S24 b. SS C. S25 Click Save and Submit to save and submit. Click Save All Answers to sove all answers