If a corporation has only one class of stock it is

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15) If a corporation has only one class of stock, it is referred to as.classless stockB.preferred stock.solitary stock.common stock16) Capital stock to whichcharter has assigned a value per share is called
17) ABC, Inc. has 1,000 shares of 5%, $100 par value, cumulative preferred stock and
50,000 shares of $1 par value common stock outstanding at December 31, 2011. What isannual dividend onpreferred stock?
8) Manner, Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stockand 20,000 shares of $1 par value common stock outstanding at December 31, 2011. rewere no dividends declared in 2010.board of directors declares and pays a $45,000
dividend in 2011. What isamount of dividends received bycommon stockholders in2011?19) Whenselling price of treasury stock is greater than its cost,company credits
difference to.Gain on Sale of Treasury Stock.Paid-in Capital from Treasury Stock.Paid-in Capital in Excess of Par Value.Treasury Stock20)purchase of treasury stock.decreases common stock authorized.decreases common stock issuedC.decreases common stock outstanding.has no effect on common stock outstanding21) Marsh Company has other operating expenses of $240,000. re has been an increase in
prepaid expenses of $16,000 duringyear, and accrued liabilities are $24,000 lower thaninprior period. Usingdirect method of reporting cash flows from operating activities,what were Marsh's cash payments for operating expenses?
22) Where wouldevent purchased land for cash appear, if at all, onindirect statement ofcash flows?
23) In performing a vertical analysis,base for cost of goods sold is

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Term
Spring
Professor
Rob

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