Common stock is the only class of stockoutstanding in Manley Corporation. Totalstockholders' equity divided by thenumber of common stock sharesoutstanding is calledbook value per share.fair value per share.stated value per share.☐ par value per share.eTextbook and Media

Lets understand the basics.Book value per share is a total shareholder equity divided by number of…

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FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Beacon Corporation issued a 5 percent stock dividend on 39,500 shares of its $7 par common stock. At the time of the dividend, the market value of the stock was $27 per share. Required: a. Compute the amount of the stock dividend. b. Show the effects of the stock dividend on the financial statements using a horizontal statements model. Complete this question by entering your answers in the tabs below. Required A Required B Compute the amount of the stock dividend. Stock dividend
True or FalseCash dividends are declared by the majority of the quorum of the board of directors with the concurrence of the stockholders representing at least 2/3 of the outstanding capital stock.
17. Identify and explain the different types of retained earnings appropriations. 18. Identify and explain the various share capital transactions subsequent to original issuance. 19. Explain the methods of acquiring and accounting for treasury shares. 20. Why do companies reacquire their own shares of stock?
t2
Stockholders’ equity represents the total value of a corporation’s stock plus retained earnings that have accumulated to date.; True or False
Match the following terms with their definitions (not every letter is used) 1. Outstanding stock 2. Issued stock Authorized stock 4. Paid-in Capital Retained earnings a. The earnings not paid out in dividends. b. Shareholders can lose no more than the amount they invested in the company. c. The corporation's own stock that is reacquired. d. The amount invested by stockholders. e. Total number of shares available to sell. f. Shares can be returned to the corporation at a predetermined price. g. Shares held by investors. h. Shares receive priority for future dividends if dividends are not paid in a given year. i. Shares actually sold.
The charter of a corporation provides for the issuance of 93,872 shares of common stock. Assume that 44,236 shares were originally issued and 3,223 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? Oa. $3,223 Ob. $93,872 Oc. $44,236 Od. $82,026
The charter of a corporation provides for the issuance of 106,898 shares of common stock. Assume that 42,395 shares were originally issued and 4,642 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a.$42,395 b.$106,898 c.$4,642 d.$75,506
Companies can issue different classes of common stock. Which of the following statements concerning stock classes is correct? a. All common stock fall into one of three classes: A, B, and C. b. Most firms have several classes of common stock outstanding. c. All common stock, regardless of class, must have voting rights. d. All common stock, regardless of class, must have the same dividend privileges. e. None of the above statements is necessarily true.
The par value of ordinary shares is equal to? a. The amount received by the corporation when the share is originally issued. b. The amount of which the share is currently trading in the stock market. c. A designated peso amount per share established in the articles of incorporation d. A designated peso amount per share which should not be lower than ₱5. e. All of the choices
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.
Authorized registered capital represents a. Number of shares that shareholders have subscribed for at the issue of shares b. The maximal number of shares joint stock company which could be soldc c . Registered capital recorded in companies register d. The sum of minimal values of shares that was really paid by sha

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Common stock is the only class of stock outstanding in Manley Corporation. Total stockholders' equity divided by the number of common stock shares outstanding is called