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purchase? $ Answer the following related to retired stock. a. Retiring stock reduces the number of stocks b. Retired stock is the same as and

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purchase? $ Answer the following related to retired stock. a. Retiring stock reduces the number of stocks b. Retired stock is the same as and stock c. When stocks are purchased and retired common stock and APIC-C/S accounts related to the shares are d. If the purchase price exceeds the net amount removed from all capital accounts, the excess is debited first to (not below zero) then to e. If the purchase price exceeds the net amount removed from all capital accounts, the excess is f. A company's are always reduced by the amount paid for the retiring stock. and 5. Prepare the following formulas: a Basic earnings per share (EPS) = b. Price Earnings ratio (PE) = c. Dividend yield = 6. Define Preferred stock preferences: a. Cumulative dividend b. Noncumulative dividend c. Callable d. Convertible e. Nonparticipating dividend f. Participating dividend

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