The charter of a corporation provides for the issuance of 114,277 shares of common stock. Assume that 38,831 shares were originally issued and 3,956 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? Oa. $3,956 Ob. $69,750 OC. $38,831 Od. $114,277 If Dakota Company issues 1,600 shares of $8 par common stock for $35,200, Oa. Paid-In Capital in Excess of Par will be credited for $12,800. b. Cash will be debited for $12,800. Oc. Paid-In Capital in Excess of Par will be credited for $22,400. Od. Common Stock will be credited for $35,200. Nebraska Inc. issues 3,400 shares of common stock for $108,800. The stock has a stated value of $13 per share. The journal entry to record the stock issuance would include a credit to Common Stock for . $44,200 Ob. $3,400 . $108,800 Od. $64,600 Soledad and Winston are partners who share income in the ratio of 1:3 and have capital balances of $46,100 and $75,700, respectively, at the time they decide to terminate the partnership. After all noncash assets are sold and all liabilities are paid, there is a cash balance of $61,600. What amount of loss on realization should be allocated to Soledad? Oa. $7,525 Ob. $60,200 c. $18,060 Od. $15,050 Teri, Doug, and Brian are partners with capital balances of $35,000, $29,000, and $50,300, respectively. They share income and losses in the ratio of 3:2:1. Revenue accounts for the period total $277,800. Expense accounts for the period total $312,000. The revenue and expense accounts are closed to the capital accounts. Doug withdraws from the partnership. How much cash does he receive upon withdrawal? , $34,200 Ob. $17,600 Oc. $49,500 Od. $29,000 The Calvin-Dogwood Partnership owns inventory that was purchased for $65,900, has a current replacement cost of $55,800, and is priced to sell for $97,600. At what amount should the inventory be recorded in the accounts of the new partnership if Alexis is to be admitted? , $41,800 b. $65,900 c. $55,800 d. $97,600 Bobbi and Stuart are partners. The partnership capital of Bobbi is $47,200 and that of Stuart is $89,200. Bobbi sells his interest in the partnership to John for $58,300. The journal entry to record the admission of John as a new partner would include a credit to a. John's capital account for $58,300 b. Stuart's capital account for $68,200 c. John's capital account for $47,200 Od. John's capital account for $47,200 and a credit to Stuart's capital account for $89,200