Kinkaid Company was incorporated at the beginning of this year and had a number of transactions. The following journal e impacted its stockholders' equity during its first year of operations. Transaction General Journal Debit Credit a. Cash 300,000 Common Stock, $25 Par Value 250,000 50,000 Paid-In Capital in Excess of Par Value, Common Stock Organization Expenses b. 150,000 Common Stock, $25 Par Value 125,000 Paid-In Capital in Excess of Par Value, Common Stock Cash 25,000 C. 43,000 Accounts Receivable 15,000 Building 81,500 Notes Payable 59,500 Common Stock, $25 Par Value 50,000 Paid-In Capital in Excess of Par Value, Common Stock 30,000 Cash 120.000

The declaration of a stock dividend will * increase paid-in capital. change the total of stockholders' equity. increase total liabilities. increase total assets.

In calculating earnings per share, a company uses the treasury stock method when   a. it recognizes the assumed impact of exercising outstanding warrants.   b. it develops a methodology to handle the premium paid on exercised share options.   c. it needs to value the cash received for a convertible bond.   d. it needs to value treasury stock repurchased during the year.