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Please answer all 4. If you cant please leave it for someone who can. Cheggs policy is 4 question per post not 1. Thank you!!
Please answer all 4. If you cant please leave it for someone who can. Cheggs policy is 4 question per post not 1. Thank you!!
Which of the following is a false statement? Stockholders are residual claimants of the corporation. Stockholders may vote only if they physically attend the annual stockholders' meeting Stockholders are owners of the corporation Stockholders receive their proportionate share of any assets remaining after the corporation pays its debts and liquidates. . Andrea Inc. had the following transactions in 2019, its first year of operations: Issued 2,200 shares of common stock at $39.00 per share. Earned net income of $60,000. Paid dividends of $14.00 per share. At the end of 2019, what is total stockholders' equity? $85,800 $58,600 O $115,000 $176,600 On November 1, 2019, Pedro Co. declared a dividend of $7.5 per share, payable on December 1, 2019. Pedro Co. has 12,000 shares of common stock outstanding and no preferred stock. Which of the following is needed to record the dividend declaration? Debit Cash $90,000, and credit Dividends Payable-Common $90,000 Debit Dividends $90,000, and credit Cash $90,000, Debit Dividends $90,000, and credit Dividends Payable-Common $90,000. Debit Dividends Payable-Common $90,000, and credit Retained Earnings $90,000. Question 31 2 pts Shorthorn Co. has $200,000 retained earnings at the end of 2018. It earns net income of $40,000 during 2019. $160,000 of retained earnings is the ending balance in 2019 after closing entries are prepared. How much dividends did Shorthorn Co. pay? $400,000 $40.000 $80,000 $120,000 Step by Step Solution
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