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ACCT207 Chapter 11 practice questions

Is accounted for in exactly the same manner as a

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is accounted for in exactly the same manner as a stock split d. Both a. and b. are correct er,' None ofthe above are correct 31. ry true A stock dividend A) lncrease by 5700,000 BI Decrease by 5400,000 - @ o".r.ase by Szoo,ooo D) Decrease by S+OO,OOO * arratWt"l" {-JY{?{,ft Acorporatiop6miefu1$uo,o0osharesffi20parcommonstockfor$asper share, recordiifif6fcost. What will be tffiffii on total stockholders' equity? f F
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d' -ot" o ..t .r.9" \ - .f .-jS' , ,i*'_'H' !-* g-u / {ro qJ} ,n# *f a I drf , Reta*,661ffiw6*g gV, Crlttffi*,rfiWd'L c{" Av r{" 34. Dividends in arrears on cumulative preferred stock A) are considered to be a non-current liability' Bi are considered to be a current liability' C)onlvoccurwhenpreferreddividendshavebeendeclared. /il srrouto be disclosed in the notes to the financial statements' \) on January 1, Bluefield corporation had 80o,oo0 shares of s10 par value common stock outstanding, on March 31 the company declared a Loo/o stock dividend' Market ,1fi1il-56Tthe stolk was $ts/share' As a result of this event' ';;':;'d;i?$sr,a_,n capital in Excess of par Value account increased $400,000. ,' Bi Bluefield's total stockholders' equity was unaffetttd ^^ ^.,. . I c)Bluefield,sRetainedEarningsaccountdecreased$1,200,000' @ ntt of the above. %Paa,oo a L,tla er, oss 36. The date on which a cash dividend becomes a Qinding legal obligation is on the @ dectaration date' BI date of record. C)
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