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
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.
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 94,560 shares of common stock. Assume that 42,608 shares were originally issued and 3,393 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a.$42,608 b.$94,560 c.$3,393 d.$78,430
Describe the types of shares held by the company. What can you say about the history of company share issues, retained earnings and payment of dividends? Are they following any specific policies for these? (Please correct answer)
Which of the following statements is true?a. The outstanding number of shares is the maximum number of shares that can beissued by a corporation.b. The shares that are in the hands of the stockholders are said to be outstanding.c. It is very unlikely that corporations will have more than one class of stock outstanding.d. Preferred stock is stock that has been retired.
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.)
If a company issues only one class of stock, what is this kind of stock called? Group of answer choices outstanding stock preferred stock common stock authorized stock
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.

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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