Feedback the correct answers are easy transfer of

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FeedbackThe correct answers are: Easy transfer of ownership., Limited liability., Continuous existence of the entity., Separation of owners and entity.Question 7Question textBevins Company issued 10,000 shares of $20 par value common stock at $24 per share. Two years later the company had $35,000 in Retained Earnings. At that time the company reacquired 1,000 shares of its own stock at a cost of $30 per share. What is the balance in Total Stockholder's Equity?Select one:a. $245,000 (24*10,000)+35,000-(1,000*30)b. $240,000 c. $210,000 d. $275,000 FeedbackThe correct answer is: $245,000Question 8On January 1, a shareholder purchased 20 shares of stock in ABC company for $14 per share. On June 30, the company paid a $1.50 dividend per share. On December 31, the shareholder sold all the shares for $16per share. What is the overall Economic Rate of Return for this investment?Select one:a. 10.71%
b. 17.85% c. 25.00% d. 21.87% FeedbackThe correct answer is: 25.00%Question 9ABC issued 12,000 shares and subsequently reacquired 2,000 shares as treasury stock. The following year,ABC Corporation declared a regular quarterly dividend of $2 per share. What would be the total amount of the dividend expense?Select one:a. $4,000. b. $24,000. c. $20,000. Correct. The total amount of dividends is computed as follows: Total Outstanding shares at declaration: (12,000 – 2,000) shares 10,0000 Dividend per share X $2; Total dividend amount $20,000d. $28,000. FeedbackThe correct answer is: $20,000.Question 10You are given the following information: Capital Stock, $80,000 ($80 par); Paid-In Capital in Excess of Par Value—Common, $200,000; and Retained Earnings, $400,000. Assuming that there is only one class of stock and that all stock was issued on the same day, what was the sales price of each share? Select one:a. $680. b. $400. c. None of the above. d. $280. ($80,000/$80)=1,000 (shares issued)($80,000+$200,000)=$280,000 (total received for all shares issued)$280,000/1,000 = $280 money received for one sharee. $80. Feedback
The correct answer is: $280.Question 11(T / F) The price-earnings ratio equals the current market price per share of common stock divided by EPS.The price-earnings ratio indicates how confident investors feel about a stock's future income potential as compared to other stocks.Select one:True False FeedbackCorrect.The correct answer is 'True'.

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