The residual interest in a corporation belongs to the
c. common stockholders.
d. preferred stockholders.
The pre-emptive right of a common stockholder is the right to
a. share proportionately
Ex. 15-131Lump sum issuance of stock.
Parker Corporation has issued 2,000 shares of common stock and 400 shares of preferred stock for a lump
sum of $76,000 cash.
(a) Give the entry for the issuance assuming the par value of the com
Use the following information for questions 71 and 72.
Presented below is information related to Hale Corporation:
Common Stock, $1 par
Paid-in Capital in Excess of ParCommon Stock
Preferred 8 1/2% Stock, $50 par
Paid-in Capital in Excess of ParPreferred
Hernandez Company has 490,000 shares of $10 par value common stock outstanding. During the year,
Hernandez declared a 10% stock dividend when the market price of the stock was $30 per share. Four
months later Hernandez dec
Ex. 15-136Stockholders Equity.
Indicate the effect of each of the following transactions on total stockholders' equity by placing an "X" in the
1. Treasury stock is resold at more than cost.