Accounting

The par value per share of common stock represents Answer the minimum selling price of the stock established by the articles of incorporation. the minimum amount the stockholder will receive when the corporation is liquidated an arbitrary amount established in the articles of incorporation the amount of dividends per share to be received each year […]

The liability for a dividend is recorded on which of the following dates? Answer the date of record the date of payment the date of announcement the date of declaration Place Your Order Here!

The excess of issue price over par of common stock is termed a(n) The excess of issue price over par of common stock is termed a(n) Answer discount income deficit premium Place Your Order Here!

Question 19 The date on which a cash dividend becomes a binding legal obligation is on the Answer declaration date. date of record. payment date. last day of the fiscal year end. Place Your Order Here!

What is the amount of cash dividends to be paid if a $1 per share dividend is declared? The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 60,000 shares were originally issued and 5,000 were subsequently reacquired. What is the amount of cash dividends to be paid

What is the number of shares outstanding? The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume that 45,000 shares were originally issued and 5,000 were subsequently reacquired. What is the number of shares outstanding? Answer 5,000 45,000 40,000 50,000 Place Your Order Here!

The authorized stock of a corporation Answer must be recorded in a formal accounting entry. only reflects the initial capital needs of the company. is indicated in its by-laws. is indicated in its charter. Place Your Order Here!

common stock outstanding Samuels, Inc. reported net income for 2011 is $105,000. During 2011 the company had 5,000 shares of $100 par, 5% preferred stock and 20,000 of $5 par common stock outstanding. Samuels’ earnings per share for 2011 is Answer $4.00 $5.25 $6.50 $5.00 Place Your Order Here!

One of the main disadvantages of the corporate form is the Answer professional management double taxation of dividends charter corporation must issue stock Place Your Order Here!

What is the annual dividend on the preferred stock? Miriah Inc. has 6,000 shares of 5%, $100 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2012. What is the annual dividend on the preferred stock? Answer $50 per share $30,000 in total $300 in total