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Simple MCQ question from Financial Accounting. Please solve it ASAP!!! QUESTION 13 Flagler Corporation shows a total of 5660,000 in its Common Stock account. The
Simple MCQ question from Financial Accounting. Please solve it ASAP!!!
QUESTION 13 Flagler Corporation shows a total of 5660,000 in its Common Stock account. The par value of Flagler's common stock is 56. How many shares of Flagler stock have been issued? 3,960,000 110,000 66,000 Cannot determine QUESTION 14 Gross profit is the difference between: O Net sales revenue and net income. The cost of merchandise purchased and the cost of merchandise sold. Net sales revenue and the cost of goods sold. Net sales revenue and all expenses. QUESTION 15 Helena Corporation declared a 2-for-1 stock split on 8.000 shares of $6 par value common stock. If the market price of the stock had been $25 a share before the split the par value, number of shares, and approximate market value after the split would be Par Value No. of Shares Market Value $ 6.00 16,000 $ 12.50 6.00 8,000 $ 25.00 C. $ 16.000 $ 12.50 D. $ 3.00 16,000 25.00 . B $ 3.00 $ Option A O Option B Option O Option D Step by Step Solution
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