The corporate charter of Alpaca Company authorized the issuance of 10 million, $1 par common shares. During 2024, its first year of operations, Alpaca had the following transactions January 1 sold 8 mil When more than one security is sold for a single price and the total selling price is not equal to the sum of the market prices, the cash received is June 3 retired 2 million shares at $18 per share allocated between the securities based on: 8 sold 2 million shares at $20 per share What amount should Alpaca report as additional paid-in capital-excess of par, in its December 31, 2024, balance sheet? Multiple Choice Multiple Choice Relative market values. $122 million O Relative book values . $112 million The earnings per share. $74 million Par amounts $116 million As of December 31, 2024, Purdue Corporation reported the following: Cash dividends payable Treasury stock $ 20, 000 in capital-share repurchase Preferred stock is called preferred because it usually has two preferences. These preferences relate to: Common stock and other paid-in capital accounts 4, 000, 000 Retained earnings 3 . 000, 000 Multiple Choice During 2025, half of the treasury stock was resold for $240,000; net income was $600,000; cash dividends declared were $500,000; and small stock dividends declared and distributed were $400,000. What would shareholders' equity be as of December 31, 2025? Assets at liquidation and dividends. Multiple Choice Dividends and voting rights. O None of these amounts is correct O Par and dividends. $6,760,000 The preemptive right and voting rights. $6,820,000 O following data : The shareholders' equity section of Time Company's comparative balance sheets for the years ended December 31, 2024 and 2023, reported the ($ in millions) 2024 Common stock, $1 par per share Paid-in capital-excess of par $ 630 366 $ 609 had 76,000 shares of $5 par common stock 309 On October 1, 2024, Liu Corporation declared and issued a 13% stock dividend. Before this date. Liu had 76,000 shares Retained earnings 689 outstanding. The market price of Liu Corporation on the date of declaration was $10 per share. As a result of this dividend, Liu's retained earnings will: 646 During 2024, Time declared and paid cash divide and paid cash dividends of $99 million. The company also declared and issued a small stock dividend. No other changes occurred in shares outstanding during 2024. What was Time's net income for 20247 Multiple Choice Multiple Choice O not change . O $214 million O decrease by $98,800 . O $37 million O increase by $98,800 . O $136 million decrease by $99,800. $157 million