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Sunland Inc. issued 13300 shares of no par common stock with a stated value of $ Sper share. The market price of the stock on

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Sunland Inc. issued 13300 shares of no par common stock with a stated value of $ Sper share. The market price of the stock on the date of issuance was $ 13 per share. The entry to record this transaction includes a O debit to Paid-in Capital in Excess of Par for $ 172900. O credit to Common Stock for $ 66500. debit to Cash for $66500. O credit to Common Stock for $ 172900. Crane Corporation began business by issuing 390000 shares of $5 par value common stock for $ 22 per share. During its first year, the corporation sustained a net loss of $ 39000. The year-end balance sheet would show O Total paid in capital of $8541000. O Common stock of $1950000 Common stock of $8580000 Total paid-in capital of $1989000. Crane Corporation began business by issuing 679000 shares of $ par value common stock for 30 per share. During its first year, the corporation sustained a net loss of $ 60000. The year-end balance sheet would show Common stock of $ 3395000. Total paid-in capital of $ 20310000 O Common stock of $20370000, O Total paid in capital of $ 16975000. Outstanding stock of the Marigold Corporation included 43600 shares of $5 par common stock and 9800 shares of 5%, $10 par noncumulative preferred stock. In 2019, Marigold declared and paid dividends of $3700. In 2020, Marigold declared and paid dividends of $12000. How much of the 2020 dividend was distributed to preferred shareholders? O $5880 O $ 7100 O $4900 O None of these answer choices are correct A stockholder who receives a stock dividend would O expect retained earnings to increase. O expect the par value of the stock to change. O own more shares of stock. O expect the market price per share to increase. On December 31, 2020, Coronado, Inc has 4300 shares of 6% $100 par value cumulative preferred stock and 60800 shares of $10 par value common stock outstanding On December 31, 2020, the directors declare a $ 21500 cash dividend. The entry to record the declaration of the dividend would include: O acredit of $ 21500 to Cash Dividends. O a debit of $ 21500 to Common Stock O a note in the financial statements that dividends of $ 3 per share are in arrears on preferred stock for 2020. O a credit of $ 21500 to Dividends Payable. When preferred stock is cumulative, preferred dividends not declared in a period are O considered a liability. O called dividends in arrears. O distributions of earnings. O never paid. If a corporation declares a 10% stock dividend on its common stock, the account to be debited on the date of declaration is O Paid in Capital in Excess of Par. O Common Stock Dividends Distributable. O Stock Dividends. Common Stock

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