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 […]
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If common stock is issued for an amount greater than par value, the excess should be credited to Answer Retained Earnings. Cash. Legal Capital. Paid-in Capital in Excess of Par Value. Place Your Order Here!
How is treasury stock shown on the balance sheet? Answer as an asset as a decrease in stockholders’ equity as an increase in stockholders’ equity treasury stock is not shown on the balance sheet Place Your Order Here!
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Characteristics of a corporation include Answer shareholders who are mutual agents direct management by the shareholders (owners) its inability to own property shareholders who have limited liability Place Your Order Here!
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A restriction/appropriation of retained earnings Answer decreases total assets increases total retained earnings decreases total retained earnings has no effect on total retained earnings Place Your Order Here!
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What is the amount of revenue realized from the sale? A corporation purchased 1,000 shares of its $5 par common stock at $10 and subsequently sold 500 of the shares at $20. What is the amount of revenue realized from the sale? Answer $0 $5,000 $2,500 $10,000 Place Your Order Here!
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The journal entry to record the stock issuance would include a credit to Common Stock for A corporation issues 1,500 shares of common stock for $ 32,000. The stock has a stated value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for Answer $15,000
value of the stock after the split A corporation has 50,000 shares of $25 par value stock outstanding that has a current market value of $120. If the corporation issues a 5-for-1 stock split, the par value of the stock after the split will be: Answer $5 $60 $25 $24 Place Your Order Here!
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market value of the stock after the split A corporation has 50,000 shares of $25 par value stock outstanding that has a current market value of $150. If the corporation issues a 5-for-1 stock split, the market value of the stock after the split will be approximately: Answer $25 $150 $5 $30 Place Your Order
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Question 1 A company with 100,000 authorized shares of $4 par common stock issued 40,000 shares at $8. Subsequently, the company declared a 4% stock dividend on a date when the market price was $12 a share. What is the amount transferred from the Retained Earnings account to Paid-in Capital accounts as a result of
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