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pleasw answer asap Nebraska Inc. issues 3,600 shares of common stock for $115,200. The stock has a stated value of $12 per share. The journal
pleasw answer asap
Nebraska Inc. issues 3,600 shares of common stock for $115,200. The stock has a stated value of $12 per share. The journal entry to record the stock issuance would include a credit to Common Stock for a. S115,200 b. $72,000 c. $3,600 d. $43,200 If Dakota Company issues 1,500 shares of $10 par common stock for $22,500, Ca. Common Stock will be credited for $22,500. b. Paid-in Capital in excess of Par Value will be credited for $15,000. c. Paid-in Capital in excess of Par Value will be credited for $7,500. d. Cash will be debited for $15,000. Alma Corp. issues 2,780 shares of $9 par common stock at $15 per share. When the transaction is recorded, credit(s) are made to a. Common Stock 516,680 and Retained Eamings $25,020, b. Common Stock $25,020 and Paid-in Capital in Excess of Par Value $16,680. c. Common Stock 541,700 d. Common Stock $25,020 and Paid-in Capital in Excess of Stated Value $16,680. The charter of a corporation provides for the issuance of 111,492 shares of common stock. Assume that 37,481 shares were originally issued and 4,885 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared? a. 565,192 b. $111.492 Oc. 84,885 d. $37,481 Texas Inc. has 6,710 shares of 4%, $100 par value cumulative preferred stock and 80,756 shares of $1 par value common stock outstanding at December 31. What is the annual dividend on the preferred stock? Ca. 540.00 per share b. $3,230 in total C. $26,840 in total d. 56,710 in total Step by Step Solution
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