Union Corporation has 20,000 shares of 10%, $100 par value, noncumulative preferred stock and 20,000 shares of $1 par value common stock outstanding at December 31, 2020. There were no dividends declared in 2019. The board of directors declares and pays a $450,000 dividend in 2020. What is the magnitude of dividends received by the common stockholders in 2020?

Select one:

a. $250,000

b.$0

c.$200,000

d.$2,000,000

Compute the asset turnover given the following data:

Net sales

$180,000

Net income

13,000

Gross profit

85,000

Average total shareholders' equity

72,000

Average total assets

500,000

Select one:

a.2.6%

b.40.00%

c.36%

d.18.06%

A large stock dividend is defined as:

Select one:

a.More than 30% of the corporation's issued stock

b.Between 50% and 100% of the corporation's issued stock

c.More than 20-25% of the corporation's issued stock

d.More than 30% but greater than 25% of the corporation's issued stock

Eagle Corporation declared a 10% stock dividend when it had 700,000 shares of $3 par value common stock outstanding. The market price per common share was $12 per share when the dividend was declared. The entry to record the issuance the dividend shares includes a credit to

Select one:

a. Common Stock for $210,000.

b.Paid-in Capital in Excess of Par for $630,000.

c.Common Stock Dividends Distributable for $840,000.

d.Stock Dividends for $210,000.