short answers no explanation

Casio Company has 30,000 shares of $1 par common stock issued and outstanding. The company also has 5,000 shares of $100 par 5% cumulative preferred stock outstanding. The company did not pay the preferred dividends in 2017, 2018 and 2019. On December 1, 2020, the companys board of directors declared that $200,000 will be paid as dividend on January 17, 2021. What amount of dividends would common stockholders earn? *

a)$200,000

b)$150,000

c)$125,000

d)$100,000

A companys promissory note is classified as a(n) *

a)Revenue

b)Expense

c)Current liability

d)current asset

Sales taxes collected by a retailer are recorded by *

a)crediting Sales Taxes Payable

b)crediting Sales Taxes Revenue

c)debiting Sales Taxes Expense

d)debiting Sales Taxes Payable

William Company is incorporated on January 1, 2018. During its first year, the corporation issued 20,000 shares of $10 par value preferred stock and 300,000 shares of $1 par value common. At December 31, 2018, the company declared $50,000 cash dividend to be paid on January 13, 2019. The record on declaration date will include: *

a)Debit Stock Dividend

b)Credit Cash Dividend

c)Debit Dividend Payable

d)Credit Dividend Payable

A company receives $1,000, of which $100 is for sales tax. The journal entry to record the sale would include a *

a)debit to Sales for $900

b)debit to Cash for $1,100

c)debit to Sales Tax Expense for $100

d)credit to Sales Tax Payable for $100

A small stock dividend is defined as *

a)less than 30% but greater than 25% of the corporation's issued stock

b)between 50% and 100% of the corporation's issued stock

c)less than 2025% of the corporation's issued stock

d)more than 30% of the corporation's issued stock

All of the following are reported as current liabilities except *

a)Accounts payable

b)Notes payable

c)Mortgage payable

d)Taxes payable.

Linda's Boutique received $29,295 not including sales taxes. If the sales tax rate is 5%, what is Lindas sales taxes payable for the month? *

a)$1,395

b)$1,464.75

c)$27,900

d)$29,295

2.Casio Company has 30,000 shares of $1 par common stock issued and outstanding. The company also has 5,000 shares of $100 par 5% sumulative preferred stock outstanding. The company did not pay the preferred dividends in 2017, 2018 and 2019. On December 1, 2020, the company's board of directors declared that $200,000 will be paid as dividend on January 17.2021. What amount of dividends would common stockholders eam? R$200,000 $150.000 $125,000 $100,000 3.All of the following are reported as current abilities except Accounts payable iNotes payable Mortgage payable Taxes payable Linda's Boutique received $29.295 not ncluding sales taxes. If the sales tax rate is 5% what is Linda's sales taxes payable for the month? 4/61,395 $1,464.75 $27,900 2529.296 S.A company's promissory note is classified as Reven bjExpense Current ability Current asset A small stock dividend is defined as less than 30% but greater than 25% of the corporation's issued stock between 50% and 100% of the corporation's sured stock less than 20-25% of the corporation's issued stock almore than 30% of the corporation's issued stock Sales taxes collected by a retailer are recorded by Ricrediting Sales Taxes Payable bicrediting Sales Taxes Revenue debiting Sales Taxes Expense edebiting Sales Taxes Payable 3. William Company is incorporated on January 1.2018. During its first year, the corporation ssued 20,000 shares of $10 par value preferred stock and 300,000 shares of $1 par le common. At December 31, 2018, the company declared $50,000 cash dividend to be paid on Lanuary 13, 2019. The record on declaration sale will include: Debit Stock Dividend iCredit Cash Dividend Debit Dividend Payable Credit Dividend Payable A company receives $1,000, of which $100 is for sales tax. The journal entry to record the sale would include a aldebit to Sales for $900 edebit to Cash for $1.100 debit to Sales Tax Expense for $100 credit to Sales Tax Payable for $100