ACCT 302 Stockholders Equity HWK

No-Treble Corporation has issued 417,700 shares of $8 par value common stock and has 317,700 shares outstanding. The corporation declares a 115% stock dividend when the fair value of the stock is $66 per share. The stock dividend declaration results in what amount being entered to paid-in capital in excess of par-common stock?

0

The stock dividend declaration results in what amount of net change to total stockholders' equity?

0

At December 31 of year 1 and year 2, Pocoyo Corp. had outstanding 4,000 shares of $100 par value 6% cumulative preferred stock and 20,000 shares of $10 par value common stock. At December 31, year 1, dividends in arrears on the preferred stock were $15,000. Cash dividends declared in year 2 totaled $25,000. Of the $25,000, what amounts were payable on preferred stock?

25000

The stock dividend declaration results in what amount being entered to paid-in capital in excess of par-common stock?

2763990

No-Treble Corporation has issued 417,700 shares of $8 par value common stock and has 317,700 shares outstanding. The corporation declares a 115% stock dividend when the fair value of the stock is $66 per share. The stock dividend declaration results in what amount being entered to retained earnings ?

2922840

(CPA) Horton Co. was organized on January 2, 2010, with 500,000 authorized shares of $10 par value common stock. During 2010, Horton had the following capital transactions: January 5—issued 375,000 shares at $14 per share. July 27—purchased 25,000 shares at $11 per share. November 25—sold 15,000 shares of treasury stock at $13 per share. Horton used the cost method to record the purchase of the treasury shares. What would be the balance in the Paid-in Capital from Treasury Stock account at December 31, 2010?

30000

At December 31 of year 1 and year 2, Pocoyo Corp. had outstanding 4,000 shares of $100 par value 6% cumulative preferred stock and 20,000 shares of $10 par value common stock. At December 31, year 1, dividends in arrears on the preferred stock were $15,000. Cash dividends declared in year 2 totaled $30,000. Of the $30,000, what amount is payable to preferred stockholders?

30000

The following information pertain to question 10, 11, 12. No-Treble Corporation has issued 417,700 shares of $8 par value common stock and has 317,700 shares outstanding. The corporation declares a 15% stock dividend when the fair value of the stock is $66 per share. The stock dividend declaration results in what amount being entered to retained earnings?

3145230

Cougar Capital Corp declares a property dividend on June 1, 2009 to common share owners of record on June 30, 2009. Cougar Capital will distribute bonds with a carrying value of $580,000 and a fair value of $480,000. By what amount is the Retained Earnings debited on the declaration date?

480000

Cougar Capital Corp declares a property dividend on June 1, 2009 to common share owners of record on June 30, 2009. Cougar Capital will distribute bonds with a carrying value of $580,000 and a fair value of $480,000. What is the effective net change in stockholders' equity as a result of the dividend?

580000

Tarasen Co. began its business last year and issued 20,000 shares of common stock at $3 per share. The par value of the stock is $1 per share. During January of the current year, Tarasen Co. bought back 1,500 shares at $6 per share, which were reported as treasury stock. The treasury stock shares were reissued later in the current year at $10 per share. Tarasen Co. used the cost method to account for its equity transactions. What amount should Tarasen Co. report as paid-in capital related to its treasury stock transactions on its balance sheet for the current year?

6000

(CPA) On July 1, 2010, Nall Co. issued 2,500 shares of its $10 par common stock and 5,000 shares of its $10 par convertible preferred stock for a lump sum of $125,000. At this date Nall's common stock was selling for $24 per share and the convertible preferred stock for $18 per share. The amount of the proceeds allocated to Nall's preferred stock should be

75000

(CPA) A corporation declared a dividend, a portion of which was liquidating. How would this distribution affect each of the following? APIC/Retained Earnings A. Decrease/No effect B. Decrease/Decrease C. No effect/Decrease D. No effect/No effect

B. Decrease/Decrease

(CPA) How would the declaration and subsequent issuance of a 10% stock dividend by the issuer affect each of the following when the market value of the shares exceeds the par value of the stock? Common Stock/APIC A. No effect/No effect B. No effect/Increase C. Increase/No effect D. Increase/Increase

D. Increase/Increase

Preferred stockholders generally receive the largest amount of cash dividends if the preferred stock is: A. noncumulative and nonparticipating. B. cumulative and nonparticipating. C. noncumulative and fully participating. D. cumulative and fully participating.

D. cumulative and fully participating.

The rate of return on common stock equity is computed by dividing A. net income by average common stockholders' equity. B. net income less preferred dividends by ending stockholders' equity. C. net income by average retained earnings. D. net income less preferred dividends by average common stockholders' equity.

D. net income less preferred dividends by average common stockholders' equity.

Additional paid-in capital is not affected by the issuance of A. par value stock. B. preferred stock. C. stated value stock. D. no-par stock.

D. no-par stock.

Common stock dividends distributable are reported on the balance sheet as A. an addition to common stock. B. an addition to retained earnings. C. a current liability. D. a reduction of total stockholders' equity.

A. An addition to common stock

The pre-emptive right of a common stockholder is the right to A. share proportionately in corporate assets upon liquidation B. share proportionately in any new issues of stock of the same class. C. receive cash dividends before they are distributed to preferred stockholders. D. exclude preferred stockholders from voting rights.

B. share proportionately in any new issues of stock of the same class.

(CPA) At its date of incorporation, Sauder, Inc. issued 100,000 shares of its $10 par common stock at $11 per share. During the current year, Sauder acquired 20,000 shares of its common stock at a price of $16 per share and accounted for them by the cost method. Subsequently, these shares were reissued at a price of $12 per share. There have been no other issuances or acquisitions of its own common stock. What effect does the reissuance of the stock have on the following accounts? Retained Earnings/APIC A. Decrease/Decrease B. No effect/Decrease C. Decrease/No effect D. No effect/No effect

C. Decrease/No effect