A corporation has the following account balances: Common Stock, $1 par value, $60000; Paid-in Capital in Excess of Par Value, $2510000. Based on this information, the average price per share issued is $4.28. legal capital is $2570000. number of shares outstanding is 2570000. number of shares issued is 60000.

A corporation has the following account balances: Common Stock, $1 par value, $60000; Paid-in Capital in Excess of Par Value, $2510000. Based on this information, the average price per share issued is $4.28. legal capital is $2570000. number of shares outstanding is 2570000. number of shares issued is 60000.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 5MCQ

See similar textbooks

Similar questions

A corporation has the following account balances: Common Stock. $1 par value, $80000; Paid-in Capital in Excess of Par Value, $2710000. Based on this information, the O average price per share issued is $3.49. O number of shares issued is 80000 O number of shares outstanding is 2790000. O legal capital is $2790000.
A corporation has the following account balances: Common stock, $1 par value, $42000; Paid-in Capital in Excess of Par, $730000. Based on this information, the O number of shares outstanding is 772000. O legal capital is $772000. O number of shares issued is 42000. O average price per share issued is $6.96.
The charter of a corporation provides for the issuance of 104,571 shares of common stock. Assume that 44,035 shares were originally issued and 4,245 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared?
A corporation has the following account balances: Common Stock, $1 par value, $80,000; Paid-in Capital in Excess of Par Value, $2, 700,000. Based on this information, what is the (A) legal capital (B) number of shares issued (C) number of shares outstanding and (D) average price per share issued
A corporation issues common stock with a $5 stated value. Its Common Stock account has a balance of $2,500, its Additional Paid-In Capital account has a balance of $5,500, and its Retained Earnings account has a balance of $8,000. How many shares of stock have been issued?
You have the following balance sheet and information about FedEx: Balance Sheet: Assets Liabilities & Shareholders’ Equity Current Assets $31,000,000 Current Liabilities $28,000,000 PP&E $197,000,000 Long-term Debt (Corporate Bonds) $105,000,000 Equity $95,000,000 Total $228,000,000 Total $228,000,000 FedEx has 16 million shares outstanding. FedEx’s shares have a beta of 1.6 and are currently trading for $15 per share. The expected market risk premium is 7%. The risk-free rate is 1%. The debt is trading at 101% of book value. The coupon rate on existing debt is 5% The yield to maturity on existing debt is 3%. The corporate tax rate is 21%. Compute FedEx’s weighted-average cost of capital (WACC).
The charter of a corporation provides for the issuance of 104,020 shares of common stock. Assume that 35,959 shares were originally issued and 3,317 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared?
The balance sheet caption for common stock is the following: Common stock, $2 par value, 2,070,000 shares authorized, 1,310, 000 shares issued, 1,050,000 shares outstanding $? Required: a. Calculate the dollar amount that will be presented opposite this caption. b. Calculate the total amount of a cash dividend of $0.27 per share. c. What accounts for the difference between issued shares and outstanding shares? a. Amount b. Cash dividend c. Difference between issued shares and outstanding shares
A corporation reported the following equity section on its current balance sheet. The common stock is currently selling for $12.00 per share. Common stock, $5 par, 100,000 shares authorized, 50,000 shares issued $250,000 Paid in capital in excess of par—common 150,000 Retained earnings 500,000 Total stockholders' equity $900,000 If they paid a 15% stock dividend, what would be the amount of stock dividend paid out to common stockholders.
The balance sheet caption for common stock is: Common stock, $10 par value, 7,000,000 shares authorized, 5,700,000 shares issued, and 5,500,000 shares outstanding. a. Calculate the dollar amount that will be presented opposite of this caption. b. Calculate the total amount of a cash dividend of $1.00 per share.c. What accounts for the difference between issued shares and outstanding shares?
25) A corporation declares a dividend of $0.50 per share on 16,000 shares of common stock. Which of the following is included in the entry to record the declaration? A) Cash Dividends is debited for $8,000. B) Paid-In Capital in Excess of Par-Common is credited for $8,000. C) Cash Dividends is credited for $8,000. D) Dividends Payable-Common is debited for $ 8,000. E) none of the above
The charter of a corporation provides for the issuance of 120,000 shares of common stock. Assume that 44,000 shares were originally issued and 4,000 were subsequently reacquired. What is the amount of cash dividends to be paid if a $1-per-share dividend is declared? Oa. $120.000 Ob, $40.000 Oc. $44,000 Od. $4.000