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Tsf issued stock/unissued stock ffi outrtanding stock

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Unformatted text preview: tsf issued stock. (})/unissued stock. ffi outrtanding stock. NuX Corp. issues 10,000 shares of $1 par value common stock at $15 per share. When ;he.transaction is recorded, credits are made to: lAl )Co.rr*on Stock $10,000 and Additional Paid-in Capital in Excess of Par Value-$,4o,ooo. B) Common Stock $150,000. C) Comrnon Stock $10,000 and Additional Paid-in Capital in Excess of Par Value $150.000. F Co*mon Stock $10,000 and Retained Earnings $140,000. Treasurv stock is 76 stock issued by the U.S. Treasury Department. t *>B) stock purchased by a corporation and held as an irnrestment in its treasury. O corporate stock issued by the treasurer of a company. f.6l u corporation's own stock, which has been reacquired and held for future use. \-/ The primary purpose of,a small stock dividend is to change the market price of the StOCk. -S3''i1*""t6*esffi*ffiewq A) True (4 rutt* -. rno,,,rrl V*\en MilkyWay Inc. tras fl00 siiarss€'+8% $100 par value, cumulativepreferred stock and C-;ei!d6" Li&g at December 31,2011. What is the annual dividend on the preferred stock? 35 36 * r't $80 per share \Q) $+0,000 in total C) $4,000 in total D) $0.40 per share 5,0t) CI X ,Se ?4 ts{) whi s10 @ ryl .x 6 ch of the following statements is true aborrt a 5-for-1 split when the par value was and the market value is $500 per share? Par value per share is reduced to $2' Total contributed capital increases' Par value per share remains unchanged' .. A stockholder with ten shares before the split owns 100 shares after the split Retained earnings is decreased' - The.current market value of the aommon stock can be found in the footnotes of the Balance Sheet. A) True /'m False f,-7 The date on which a cash dividend becomes a binding legaulblig.aliOn is on the 6";;;,;;;il;;'; --tri date of record C) payment date. D) iast day of the fiscal Year end' based on the following account balances? $ 100,000 1,280,000 1,700,000 (12o.ooo ) Stock dividends and stock splits have the S-tock Soliis Stock Dividends No change Increase lncrease-?o-7". 4A 41. What is the total stockholders' equity Common Stock Additional Paid-In CaPital in Excess ofPar Retained Earnings Treasury Stock A) S1,380,000 B) $3,oB0,ooo (e\ sz.soo.ooo Y $:,zoo,ooo *crttt fu Ltz-r , #ot$(k -ffi intrr"ffiv& Use the.follotuircg to answer the next tvto questions Square4 Corporation's December 31, 2011 Balance Sheet showed the following: B9i,- preferre!;*+,h=$m*ar-. value, cumulative, 1 0, 000 shares authorized; 5 Common stock. $i shares authorized; ? Additional Pffi:iii capital in excess of par value - preferred stock Additional Paid-in capital in excess of par value - comffIon. stock Retained earnings Treasury stock (10,000 shares) $ 100,000 6,500"000 44....
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tsf issued stock/unissued stock ffi outrtanding stock NuX...

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