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QUESTION 1 Autumn Corporation began the year with 140,000 shares of common stock and 10,000 shares of 64, 5100 par value cumulative, non-convertible, preferred stock.
QUESTION 1 Autumn Corporation began the year with 140,000 shares of common stock and 10,000 shares of 64, 5100 par value cumulative, non-convertible, preferred stock. On April 1, it declared a 10% stock dividend on common shares on December1, Autumn declared a 2 for 1 stock split. On June 1. it purchased 15,000 shares of treasury stock On February 27, it issued an additional 5,000 shares of stock. (include comma in your answer) Use this information for the next severa questions. Compute the appropriate weighted average shares of common stock for the year. QUESTION 2 The number of shares of preferred stock that would be subtracted from net income would be answer (include comma in your QUESTION 3 Given the above information, and if net income was 5500,000, the basic earnings per share would be calcualted as a $1.52 b. $1.47 $1.42 d. None of the above QUESTION 4 Given the above information, the number of shares of common stock outstanding would be fue commas in your answer), QUESTION 5 Green Day Corporation has outstanding 200,000 shares of $11 par value common stock, The corporation declares a 7% stock dividend when the fair value of the stock is is 567 per share. In preparing the journal entry, what is the amount of to be credited for the APIC-C/S? (include commas in your answer)
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