Question
please mark all the answer no explanation required 2) Heintz Corp. has just declared a 10% stock dividend. The company's pre-stock dividend common stockholders' equity
please mark all the answer no explanation required
2)
Heintz Corp. has just declared a 10% stock dividend. The company's pre-stock dividend common stockholders' equity was as follows:
Common stock ($0.50 par, 10,000,000 shares) | $ 5,000,000 |
Contributed capital in excess of par | $ 48,000,000 |
Retained earnings | $ 97,500,000 |
Total common stockholders' equity | $150,500,000 |
If the common stock of Heintz was selling at $32 a share prior to the stock dividend, what will the retained earnings be after the stock dividend is distributed?
a. | $97,500,000 | |
b. | $118,500,000 | |
c. | $66,000,000 | |
d. | $65,500,000 |
4)
An operating lease is often referred to as a:
I. service lease
II. maintenance lease
a. | Only statement I is correct. | |
b. | Only statement II is correct. | |
c. | Both statements I and II are correct. | |
d. | Neither statement I nor II is correct. |
5)
Negotiated short-term credit sources are all except which of the following?
a. | inventory loans | |
b. | commercial paper | |
c. | trade credit | |
d. | bank credit |
6)
When the level of working capital is increased, which of the following is not expected to occur?
a. | profitability decrease | |
b. | profitability increase | |
c. | risk decrease | |
d. | None of these choices are correct. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started