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please help 1. If a company has authorized 1,000 shares, issued 900 sharei, and repurchased 60 shares, its shares outstanding are: a. 840 b. 860
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1. If a company has authorized 1,000 shares, issued 900 sharei, and repurchased 60 shares, its shares outstanding are: a. 840 b. 860 c. 900 d. 940 c. 960 2. If a conpany has authorized 1,000 shares, issued 600 shares, and declared dividendis of S4 per share, the total amount of dividends it must pay is: a. $4 b. $1,600 c. $2,400 d. $4,000 3. With respect to a corporation, select the statement that is correct. a. Those who lend money to a corporation can vote on major issues conceming the corporation b. Corporations can both issue stock and borrow from banks c. Ownership rights are not easily transferable. d. Stockholders have unlimited liability. 4. Accounting entries associated with a cash dividend are made on the a. declaration date b. declaration date and payment date. c. payment date d. record date e. entries are made on all days 5. From a company perspective, issuing bonds is generally a. Riskier than issuing stock b. Safer than issuing stock 6. A company has 2,000 shares authorized, 1,500 shares issued, and a market price of 5600 per share. If it completes a 3:1 stock split, the total market value of the company immediately following the split will be: a. $300,000 b. S1,200,000 c. $900,000 d. $2,700,000 Assume the following shares outstanding: Preferred stock, 6%,$50 par value, cumulative, 1,000 shares. Dividends in arrears for 2 years (2020 and 2021). Common stock, $100 par value, 2,000 shares. Total dividends declared in 2022 were $40,000. The total amount of dividends to which common stockholders are entitled is a. $3,000 b. $12,000 c. $28,000 d. $31,000 e. $37,000 Step by Step Solution
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