The following data is available forKingbird, Inc.at December 31, 2020:

Common stock, par $10(authorized28000shares)

$196000

Treasury stock (at cost $15per share)

$975

Based on the data, how many shares of common stock are outstanding?

28000.

19600.

22335.

19535.

Marigold Corp.issues52000shares of $50par value preferred stock for cash at $65per share. The entry to record the transaction will consist of a debit to Cash for $3380000and a credit or credits to

Preferred Stock for $2600000and Retained Earnings for $780000.

Preferred Stock for $2600000and Paid-in Capital in Excess of Par ValuePreferred Stock for $780000.

Paid-in Capital from Preferred Stock for $3380000.

Preferred Stock for $3380000.

Kingbird, Inc.issues39000shares of $50par value preferred stock for cash at $60per share. In the stockholders' equity section, the effects of the transaction above will be reported

entirely within the capital stock section.

entirely within the additional paid-in capital section.

under both the capital stock and additional paid-in capital sections.

entirely under the retained earnings section.

Outstanding stock of theKingbirdCorporation included49000shares of $5par common stock and17500shares of5%, $10par non-cumulative preferred stock. In 2019,Kingbirddeclared and paid dividends of $4900. In 2020,Kingbirddeclared and paid dividends of $24500. How much of the 2020 dividend was distributed to preferred shareholders?

$13650.

$26250.

$8750.

None of these answer choices are correct.

Kingbird, Inc.has14500shares of5%, $100par value, cumulative preferred stock and29000shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2018. The board of directors declares and pays a $143550dividend in 2019 and in 2020. What is the amount of dividends received by the common stockholders in 2020?

$0.

$71050.

$72500.

$69600.

KingbirdCompany's accounts receivable arising from sales to customers amounted to $163000and $143000at the beginning and end of the year, respectively. Income reported on the income statement for the year was $622000. Exclusive of the effect of other adjustments, the cash flows from operating activities to be reported on the statement of cash flows is

$622000.

$602000.

$642000.

$765000.

Pharoah Companyreported a net loss of $18600for the year ended December 31, 2022. During the year, accounts receivable decreased $9300, inventory increased $14880, accounts payable increased by $18600, and depreciation expense of $11160was recorded. During 2022, operating activities

used net cash of $13020.

used net cash of $5580.

provided net cash of $5580.

provided net cash of $13020.

If $2850000of bonds are issued during the year but $4560000of old bonds are retired during the year, the statement of cash flows will show a(n)

net loss on retirement of bonds of $1710000.

net decrease in cash of $1710000.

net increase in cash of $1710000.

increase in cash of $2850000and a decrease in cash of $4560000.

If a gain of $252000is realized in the cash sale of a building having a book value of $1008000, the total amount reported in the cash flows from investing activities section of the statement of cash flows is

$1008000.

$1260000.

$252000.

$756000.

During 2022,Pharoah Companyreported cash provided by operations of $985000, cash used in investing of $851000, and cash used in financing of $236000. In addition, cash spent on fixed assets during the period was $342000. Average current liabilities were $806000and average total liabilities were $2128000. No dividends were paid. Based on this information, what wasPharoahfree cash flow?

$134000.

($748000).

$643000.

($179000).