1. Robinson Company has 6,000 shares of 2%, $150 par, cumulative preferred stock outstanding. Robinson did not pay dividends during 2015, 2016, or 2017, but had met its preferred dividend requirements in all prior years.Robinson Company has been profitable in 2018 and is considering a cash dividend on its common stock that would be payable in December 2018.What amount of preferred dividends would have to be paid before a cash dividend could be paid to the common stockholders?

A $ 18,000

B $54,000

C $72,000

D $180,000

2 Which of the following would not be included in a company's total stockholders' equity?

Investments in equity securities

Additional paid-in capital

Retained earnings

Treasury stock

3 The dollar amount of common stock on the balance sheet of a corporation that has common stock with a par value is the number of shares:

Issued, multiplied by the par value per share.

Outstanding, multiplied by the amount received per share.

Issued, multiplied by the amount received per share.

Outstanding, multiplied by the par value per share

4 When accounting for cash dividends, on what dates are journal entries made in the accounting records?

The date of declaration and date of record

The ex-dividend date and date of declaration

The date of record and the payment date

The date of declaration and the payment date

5 "Treasury stock" acquired during the period and held at the end of the period is presented in the financial statements as:

A contra revenue item in the income statement

An asset in the balance sheet

A contra stockholders' equity item in the balance sheet

An expense in the income statement