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, theO average price per share issued is $3.49.O number of shares issued is 80000O number of shares outstanding is 2790000.O legal capital is $2790000.

The average price per share is calculated as total value of shares issued divided by the number of…

Answered: A corporation has the following account…

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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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
A corporation has 45,000 shares of $23 par value stock outstanding. If the corporation issues a 3-for-1 stock split, the number of shares outstanding after the split will be a.45,000 shares. b.135,000 shares. c.11,250 shares. d.180,000 shares.
KA.
Consider firm X and Y.The firm had total earrings of $400,000 and shares outstanding of $95,000. Firm X per share market value is 4.5, Firm X per share book value is$4.5. Firm Y per share had total earnings of $300,000 and shares outstanding of $192,500. FirmY per share market value is $24.5 Firm Y per share book value is $312.875. a. Assume that firm X acquires FirmY by issuing long term debt to purchase all the shares outstanding at a merger premium of$6.875. Assuming that neither firms has any debt before merger, what would be the total assets for the new company XY? b.Assume that Firm Y acquires Firm X by issuing long term debt to purchase all the shares outstanding at a merger premium of $2.375. Assuming that neither firm has any debt before the merger, what would be the total assets for the new company YX round your answer to four decimal places after the point
Your answer is partially correct. Try again. The stockholders' equity section of Bonita Corporation consists of common stock ($10 par) $2,400,000 and retained earnings $527,000. A 10% stock dividend (24,000 shares) is declared when the market price per share is $14. Show the before-and-after effects of the dividend on the following. (a) The components of stockholders' equity. (b) Shares outstanding. (c) Par value per share. Stockholders' equity Outstanding shares. Par value per share x ✓ Before Dividend 2927000 After Dividend
From page 10-1 of the VLN, what is the difference between issued shares and outstanding shares? A. Authorized shares. B. Unissued share. C. Treasury shares. D. There is no difference between issued shares and outstanding shares.
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.
A corporation sold 9,500 shares of its $10 par value common stock at a cash price of $11 per share. The entry to record this transaction would include: Multiple Choice A credit to Common Stock for $95,000. A debit to Paid-in Capital in Excess of Par Value, Common Stock for $104,500. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $199,500. A credit to Common Stock for $104,500. A debit to Cash for $95,000. O
The charter of a corporation provides for the issuance of 108,244 shares of common stock. Assume that 44,779 shares were originally issued and 4,084 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a. $4,084 b. $44,779 c. $108,244 d. $81,390
Super Co is a corporation with common stock. They have an investor who paid $1,000 for 500 of their $1 par stock. How would this be reflected in the equity section of the balance sheet? O Increase of Common Stock for $1,000 Increase of Common Stock for $500 and Additional Paid in Capital for $500 O O Increase of Common Stock for $500 Increase of Additional Paid in Capital for $1,000 O
A corporation has 71,868 shares of $36 par stock outstanding that has a current market value of $312 per share. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately a.$17,967 b.$9 c.$78 d.$276
Ashkenazi Companies has the following stockholders' equity account: Common stock (425,901 shares at $3 par) Paid-in capital in excess of par Retained earnings Total stockholders' equity $1,277,703 3,383,532 938,765 $5,600,000 Assuming that state laws define legal capital solely as the par value of common stock, how much of a per-share dividend can Ashkenazi pay? If legal capital were more broadly defined to include all paid-in capital, how much of a per-share dividend can Ashkenazi pay? Assuming that state laws define legal capital solely as the par value of common stock, the per-share dividend Ashkenazi can pay is $ (Round to the nearest cent.)

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