# An arbitrary amount assigned by the board of

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An arbitrary amount assigned by the board of directors to each share of a givenclass of no-par stock is:a. Quasi-par value.b. Stated value.c. Redemption value.d. Liquidation value.
Preferred stock that has dividends in arrears is:
Quinn Corporation issued 10,000 shares of USD 20 par value common stock atUSD 50 per share. The amount that would be credited to Paid-In Capital in Excess of Par Value—Common is:
You are given the following information: Capital Stock, USD 80,000 (USD 80 par)Paid-In Capital in Excess of Par Value—Common, USD 200,000and Retained Earnings, USD 400,000. Assuming only one class of stock, the book value per share is:(\$80,000 + \$200,000 + 400,000) = \$680,000 \$680,000 / 1,000 shares = \$680 per share
Assuming there is only one class of stock and that all stock was issued on the same day, what was the price of each share?(80,000 / 80) = 1,000 shares issued80,000 + 200,000 = 280,000 total received for all shares issued280,000 / 1,000 = 280 money received for one shareABC inc, was incorporated two years ago by issuing 5,000 shares of common stock at \$400 each and borrowing 240,000 from a bank on a long-term note. Last year, ABC reported net income of \$40,000 and paid in cash dividend of \$1,800. During the year, the company also borrowed an additional \$320,000 from the bank. What was total assets on ABC’s balance sheet at the end of the year last year.
Chapter 13:13.16.1 True-falseIndicate whether each of the following statements is true or false.FALSE - The retained earnings balance of a corporation is part of its paid-in capital.ANSWER: The paid-in capital of a corporation only includes capital contributed bystockholders or others. Thus, it does not include retained earnings.
**Common stock shares issued exceed common stock shares outstanding, which statement would justify this fact? Purchase of treasury stock