please make sure it's right. will rate
1. Decide whether each of the following Matement is true or false. Click the loon to view the statements) 2. Mountain Company has two classes of common stock. Only the Class A Cormon stockholders weered to vote. The company's balance sheet includes the following information (Click the icon to view the partial balance sheet) Read the moments 1. Decide whether each of the following statements is true or false a. The policy-making body in a corporation is called the board of directors The owner of 100 shares of preferred stock has greater voting rights than the owner of 100 shares b of common shock Par value stock is worth more than no par value stock dung 1.000 hores of par value stock 12 increases contred capital t 12.000 Choose from wy drop-down list and then click Check Answer Check Answer Clear All parts remaining or false. More Info pmon stock. O - X The following in sheet.) e or false. e board of d water voting ock. increases cor a. The policy-making body in a corporation is called the board of directors. b. The owner of 100 shares of preferred stock has greater voting rights than the owner of 100 shares of common stock. c. Par-value stock is worth more than no-par value stock. d. Issuing 1,000 shares of $5 par-value stock at $12 increases contributed capital by $12,000 Issuing no-par value stock with a stated value is fundamentally different from issuing par-value stock. f. A corporation issues its preferred stock in exchange for land and a building with a combined market value of $200,000. This transaction increases the corporation's stockholders' equity by $200,000 regardless of the assets' prior book values. 9. Preferred stock is a riskier investment than common stock. e. Check Answer Print Done Clear All or false. 2. Mountain Company has two classes of common stc low i Data Table e or Amount e boat eater vo Stockholders' Equity Capital stock: Class A common stock, voting, $5 par value, authorized, issued, and outstanding 1,075,000 shares Class B common stock, nonvoting, no par value, authorized, issued, and outstanding 45,900,000 shares 5,375,000 11,400,000 ock. increas Additional paid-in capital 16,775,000 2,033,000 870,139,000 Retained earnings $ 888.947.000 Total stockholders' equity Print Done Check Ang Click the icon to view the social balance sheet.) * Requirements - false. a. ard of d voting Record the issuance of the Class A common stock for cash. Use Mountain's account titles. b. Record the issuance of the Class B common stock for cash. Use Mountain's account titles. How much of Mountain's stockholders' equity was contributed by the stockholders? How much was provided by profitable operations? Does this division of equity suggest that the company has been successful? Why or why not? d. Write a sentence to describe what Mountain's stockholders' equity means. c. ases con Print Done Read the regu 7 shares True False 0
