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OX edugen/Iti/main.uni Kieso, Intermediate Accounting, 17e Help System Announcements e: 07:28 PM / Remaining: 115 min. CALCULATOR PRINTER VERSION BACK NEXT Bramble Corp.'s stockholders' equity at January 1, 2021 is as follows: Common stock, $10 par value; authorized 300,000 shares; Outstanding 228000 shares Paid-in capital in excess of par Retained earnings Total $2280000 800000 2192000 $5272000 During 2021, Bramble had the following stock transactions: Acquired 5700 shares of its stock for $256500. Sold 3500 treasury shares at $50 a share. Sold the remaining treasury shares at $41 per share. No other stock transactions occurred during 2021. Assuming Bramble uses the cost method to record treasury stock transactions, the total amount of all additional paid-in capital accounts at December 31, 2021 is O $826300. O $791300. O $771500. O $808700. w dy 6:34 PM 3/4/2020 e k Murtipre Choice Question 101 At the beginning of 2021, Sheridan Company had retained earnings of $390000. During the year Sheridan reported net income of $105000, sold treasury stock at a "gain" of $35800, declared a cash dividend of $58100, and declared and issued a small stock dividend of 3180 shares ($10 par value) when the fair value of the stock was $21 per share. The amount of retained earnings available for dividends at the end of 2021 was O $370120. O $405100. O $405920. O $440900 Click if you would like to Show Work for this question: Open Show Work Testbank Multiple Choice Question 105 Concord Corporation had net income for 2021 of $607000. The average number of shares outstanding for the period was 210000 shares. The average number of shares under outstanding options, at an option price of $31 per share is 12600 shares. The average market price of the common stock during the year was $36. What should Concord Corporation report for diluted earnings per share for the vear ended 2021? O $2.75 $2.73 O $2.89 O $2.87 Click if you would like to Show Work for this question: Open Show Work OX edugen/Iti/main.uni Kieso, Intermediate Accounting, 17e Help System Announcements e: 07:28 PM / Remaining: 115 min. CALCULATOR PRINTER VERSION BACK NEXT Bramble Corp.'s stockholders' equity at January 1, 2021 is as follows: Common stock, $10 par value; authorized 300,000 shares; Outstanding 228000 shares Paid-in capital in excess of par Retained earnings Total $2280000 800000 2192000 $5272000 During 2021, Bramble had the following stock transactions: Acquired 5700 shares of its stock for $256500. Sold 3500 treasury shares at $50 a share. Sold the remaining treasury shares at $41 per share. No other stock transactions occurred during 2021. Assuming Bramble uses the cost method to record treasury stock transactions, the total amount of all additional paid-in capital accounts at December 31, 2021 is O $826300. O $791300. O $771500. O $808700. w dy 6:34 PM 3/4/2020 e k Murtipre Choice Question 101 At the beginning of 2021, Sheridan Company had retained earnings of $390000. During the year Sheridan reported net income of $105000, sold treasury stock at a "gain" of $35800, declared a cash dividend of $58100, and declared and issued a small stock dividend of 3180 shares ($10 par value) when the fair value of the stock was $21 per share. The amount of retained earnings available for dividends at the end of 2021 was O $370120. O $405100. O $405920. O $440900 Click if you would like to Show Work for this question: Open Show Work Testbank Multiple Choice Question 105 Concord Corporation had net income for 2021 of $607000. The average number of shares outstanding for the period was 210000 shares. The average number of shares under outstanding options, at an option price of $31 per share is 12600 shares. The average market price of the common stock during the year was $36. What should Concord Corporation report for diluted earnings per share for the vear ended 2021? O $2.75 $2.73 O $2.89 O $2.87 Click if you would like to Show Work for this question: Open Show Work