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Question 22 Not yet answered Points out of 2.00 17 Flag question On January 1, 2009, Juniper Corporation issued 60,000 shares of its total 200,000
Question 22 Not yet answered Points out of 2.00 17 Flag question On January 1, 2009, Juniper Corporation issued 60,000 shares of its total 200,000 authorized shares of $4 par value common stock for $8 per share. On December 31, 2009, Juniper Corporation's common stock is trading at $12 per share. Refer to the information above. AssumeJuniper Corporation decides to issue an additional 1,000 shares of its common stock on December 31,2009. How will the above increase in value affectJuniper? Oa. Juniper can issue the 1,000 shares at a higher price than the initial 60,000 shares. Ob. Juniper can sell the 1,000 shares for $12 each, as well as collect an additional $4 per share for each of the 60,000 shares sold initially. Oc. Juniper reports a gain of $4 per share on all stock sold during the year. Od. Paid-in capital at the end of 2009 will be $732,000 (i.e., 61,000 shares times $12 per share). Question 23 Not yet answered Points out of 2.00 \\7 Flag question On April 1, 2011,]etter Corporation reacquired 2,000 shares of its own $10 par stock for $120,000 cash. On October 15, 201 1, 600 ofthe treasury shares were reissued at a price of $65 per share. Refer to the information above. The reacquisition of the 2,000 shares on April 1, 2011, causes: Oa. No change in total assets ofJetter Corporation. Ob. No change in the number of shares ofJetter Corporation stock outstanding. Oc. A reduction in total assets and in total stockholders' equity of letter Corporation. Od. Jetter Corporation to show a new asset, "Treasury Stock", for $120,000
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