Tangerine Company is authorized to issue 1,250,000 shares of $10 par value common stock By November 15, 2016, the company had issued 60,000 shares at $24 per share On November 15, 2016, the company declared a 50 stock dividend when the market price was $30 per share What amount is transferred from retained earnings to paid in capital as a result of the stock dividend A $ 300,000 B $1,250,000 C $ 900,000 D $ 600,000 QUESTION 33 A company has 10,000 shares of $10 par, 3 preferred stock outstanding, and 25,000 shares of $4 par common stock outstanding The preferred stock is cumulative and no dividends have been paid for the past two years If the company wishes to distribute $4 per share to the common stockholders, what is the total amount of dividends that must be paid in the current year A $109,000 B $101,500 C $145,000 D $103,000 2 points QUESTION 34 Karin, Inc has 5,000 shares of 6 , $200 par value, cumulative preferred stock and 100,000 shares of $2 par value common stock outstanding There were no dividends declared in 2015 The board of directors declared and paid dividends of $100,000 each in 2016 and 2017 What is the amount of dividends received by the common stockholders in 2017 A $20,000 B $60,000 C $40,000 D $80,000 QUESTION 35 Elm Company is authorized to issue 500,000 shares of $40 par value common stock By March 15, 2016, the company had issued 120,000 shares at $64 per share On March 15, 2016, the company declared a 5 stock dividend when the market price was $60 per share What amount is transferred from retained earnings to paid in capital as a result of the stock dividend A $240,000 B $360,000 C $600,000 D $900,000 QUESTION 45 During 2016, Miller, Inc s net income was $800,000 Its common stockholders equity was $2,800,000 at January 1, 2016 and $3,600,000 at December 31, 2016 During December 2016, Troys board of directors declared a $300,000 preferred stock dividend and a $240,000 common stock dividend What is Millers 2016 return on common stockholders equity A 21 9 B 8 1 C 15 6 D 25 0 2 points QUESTION 46 Reagan, Inc has outstanding 20,000 shares of $80 par value, 6 nonparticipating, cumulative preferred stock, and 30,000 shares of $20 par value common stock If the dividend on preferred stock is two years in arrears, and the total cash dividend declared this year is $414,000, the total amounts distributed to preferred and common stockholders are, respectively A $48,000 and $366,000 B $192,000 and $222,000 C $96,000 and $318,000 D $288,000 and $126,000

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Tangerine Company is authorized to issue 1,250,000 shares of $10 par value common stock. By November 15, 2016, the company had issued 60,000 shares at

Tangerine Company is authorized to issue 1,250,000 shares of $10 par value common stock. By November 15, 2016, the company had issued 60,000 shares at $24 per share. On November 15, 2016, the company declared a 50% stock dividend when the market price was $30 per share. What amount is transferred from retained earnings to paid-in capital as a result of the stock dividend?

	A.	$ 300,000
	B.	$1,250,000
	C.	$ 900,000
	D.	$ 600,000

QUESTION 33

A company has 10,000 shares of $10 par, 3% preferred stock outstanding, and 25,000 shares of $4 par common stock outstanding. The preferred stock is cumulative and no dividends have been paid for the past two years. If the company wishes to distribute $4 per share to the common stockholders, what is the total amount of dividends that must be paid in the current year?

A.
$109,000

B.
$101,500

C.
$145,000

D.
$103,000

2 points

QUESTION 34

Karin, Inc. has 5,000 shares of 6%, $200 par value, cumulative preferred stock and 100,000 shares of $2 par value common stock outstanding. There were no dividends declared in 2015. The board of directors declared and paid dividends of $100,000 each in 2016 and 2017. What is the amount of dividends received by the common stockholders in 2017?

A.
$20,000

B.
$60,000

C.
$40,000

D.
$80,000

QUESTION 35

Elm Company is authorized to issue 500,000 shares of $40 par value common stock. By March 15, 2016, the company had issued 120,000 shares at $64 per share. On March 15, 2016, the company declared a 5% stock dividend when the market price was $60 per share. What amount is transferred from retained earnings to paid-in capital as a result of the stock dividend?

A.
$240,000

B.
$360,000

C.
$600,000

D.
$900,000
QUESTION 45
During 2016, Miller, Inc.s net income was $800,000. Its common stockholders equity was $2,800,000 at January 1, 2016 and $3,600,000 at December 31, 2016. During December 2016, Troys board of directors declared a $300,000 preferred stock dividend and a $240,000 common stock dividend. What is Millers 2016 return on common stockholders equity?

A.
21.9%

B.
8.1%

C.
15.6%

D.
25.0%
2 points

QUESTION 46
Reagan, Inc. has outstanding 20,000 shares of $80 par value, 6% nonparticipating, cumulative preferred stock, and 30,000 shares of $20 par value common stock. If the dividend on preferred stock is two years in arrears, and the total cash dividend declared this year is $414,000, the total amounts distributed to preferred and common stockholders are, respectively:

A.
$48,000 and $366,000

B.
$192,000 and $222,000

C.
$96,000 and $318,000

D.
$288,000 and $126,000