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?

Q: The charter of a corporation provides for the issuance of 91,724 shares of common stock. Assume that…

A: When shares are reacquired, the dividends are not required to be paid on such stocks.

Q: Incentive Corporation was authorized to issue 12,000 shares of common stock, each with a $1…

A:

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Number of shares outstanding  = Shares issued - Shares reacquired

Q: The charter of a corporation provides for the issuance of 95,106 shares of common stock. Assume that…

A: The 3,554 shares reacquired are called treasury shares. Treasury shares are not entitled to…

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: The number of authorized shares of a corporation is the maximum number of shares that a corporation…

Q: A corporation issued 300 shares of its $5 par value common stock in payment of a $1,800 charge from…

A: Journal Entry :— It is an act of recording transactions in books of account when transaction…

Q: Outstanding shares are the

A: Outstanding shares are the shares that the traded in the market.  It is important to note that these…

Q: A corporation purchases 5,595 shares of its own $3 par common stock for $25 per share, recording it…

A: Stockholders’ Equity (SE): Stockholders Equity refers to the right the owner possesses over the…

Q: When a corporation has only one class of share capital, book value per share is computed as…

A: The ratio analysis helps to analyse the financial statements of the business.

Q: The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume…

A: Issue of common stock is one of useful source of finance being used in business. Dividends will also…

Q: A corporation purchases 4,608 shares of its own $7 par common stock for $29 per share, recording it…

A: Whenever a corporation purchases some of its outstanding stock from its shareholders and does not…

Q: Following are the issuances of stock transactions. A corporation issued 2,000 shares of $10 par…

A: If issue price is greater than par value then excess amount is considered as " paid in capital…

Q: The charter of a corporation provides for the issuance of 120,000 shares of common stock. Assume…

A: Formula: Total dividends = Number of Outstanding shares x Dividend per share

Q: What is the number of shares outstanding?

A: Answer - c.44,000

Q: The charter of a corporation provides for the issuance of 99,000 shares of common stock. Assume that…

A: Dividends: Distribution of company profits to their share holders based on their investments.

Q: The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume…

A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…

Q: A corporation is authorized to issue 60,000 shares of $30 common stock, the corporation should…

A: Authorized capital is the maximum number of shares that a company can issue. Paid-in capital is the…

Q: What is the number of shares outstanding?

A: The shares which are outstanding is the shares which has been in the market which means those shares…

Q: procedures (descriptive) that you would apply to the retained earnings account (10%) 2. briefly…

A:

Q: A company's board of directors votes to declare a cash dividend of $.80 per share of common stock.…

A: Dividends are payments made to shareholders from a company's earnings or profits.  It is a payment…

Q: A company's board of directors votes to declare a cash dividend of $.80 per share of common stock.…

A: Simply described, it is a payment provided to shareholders in appreciation for their commitment in…

Q: What is the number of shares outstanding?

A: Common stock: These are the ordinary shares that a corporation issues to the investors in order to…

Q: The charter of a corporation provides for the issuance of 94,546 shares of common stock. Assume that…

A: Dividend is paid on the shares outstanding. Shares outstanding = 41,432 - 3,112 = 38,320 shares

Q: The articles of incorporation provide for the issuance of 100,000 ordinary shares capital. Assume…

A: No. of shares outstanding :   No. of shares outstanding are calculated by substracting the shares…

Q: province 500,000 con and 20,000 preferred shares. Listed below are selected accounts from the…

A: The shareholders equity section shows the total equity relating to shareholders.

Q: shares were originally issued and 13,800 were subsequently reacquired. What is the number of shares…

A: Common stock is the most common type of stock that is issued by the stockholders. It qualifies…

Q: 3. Authorized shares represent the a.number of shares that have been sold. b.number of shares that…

A: Stocks: Stocks are shares in ownership of other companies. It represents the capital raised by a…

Q: The charter of a corporation provides for the issuance of 105,000 shares of common stock. Assume…

A: Given that,  number of shares originally issued = 63000 shares number of shares reacquired = 12600

Q: The charter of a corporation provides for the issuance of 93,872 shares of common stock. Assume that…

A: Dividend will not be paid on reacquired shares.

Q: The charter of a corporation provides for the issuance of 100,000 shares of common stock. Assume…

A: Step 1:Outstanding shares are the shares which are currently hold by the shareholders. These are the…

Q: The charter of a corporation provides for the issuance of 106,898 shares of common stock. Assume…

A: No. of shares issued ansd outstanding = No. of shares originally issued - No. of shares reacquired =…

Q: The charter of a corporation provides for the issuance of 119,000 shares of common stock. Assume…

A: Outstanding shares:-Outstanding shares are those shares that are held by investors…

Q: The charter of a corporation provides for the issuance of 109,000 shares of common stock. Assume…

A: Given, Shares issued = 55,000 Shares reacquired = 12,900

Q: The par value of ordinary shares is equal to?    a. The amount received by the corporation when the…

A: A larger amount of money can be received if the shares are issued at a higher price than par.  The…

Q: The charter of a corporation provides for the issuance of 117,000 shares of common stock. Assume…

A: The objective of the question is to calculate the number of shares outstanding. Shares outstanding…

Q: A corporation has the following account balances: Common stock, $1 par value, $42000; Paid-in…

A: Shareholder's equity refers to the total amount of investment that the shareholders of an…

Q: The articles of incorporation allow for the issuance of 4,000,000 shares of common stock. The…

A: STATEMENT OF SHAREHOLDERS EQUITY Statement of Shareholders Equity is also Known as Changes in…

Q: A corporation issued 180 shares of its $5 par value common stock in payment of its accountant for…

A: A journal entry is a basic accounting record that is used to chronologically track financial…

Q: The charter of a corporation provides for the issuance of 138,000 shares of common stock. Assume…

A: Common stock: These are the shares issued by a company to an outsider. These shares entitle a share…

Q: The charter of a corporation provides for the issuance of 94,560 shares of common stock. Assume that…

A: Total amount of dividends paid = No. of shares outstanding * Dividends per shares

Q: The charter of a corporation provides for the issuance of 108,244 shares of common stock. Assume…

A: Originally issued shares = 44,779 shares  (-) Reacquired shares = 4,084 shares  Total dividend to be…

Q: What is the number of shares outstanding?

A: Share Outstanding: = Issued shares- reacquired shares. Even if charter provides for 136,000 shares…

Q: How much is the authorized share capital? How much is the issued share capital? How many shares of…

A: The authorized share capital is the maximum amount of share capital that the company is authorized…

Q: The charter of a corporation provides for the issuance of 114,000 shares of common stock. Assume…

A: Equity share capital refers capital which is raised by a corporation by offering shares.

Stockholder's Equity

The stockholders’ equity (often referred to as the book value of the company) is the number of assets available to the stockholder after its entire liabilities is paid off. The stockholders’ equity is also sometimes referred to as owner's equity. The stockholders’ equity or book value generally includes common stock, treasury stock retained earnings. It is an indicator of a company's financial strength and is an important item on the company's balance sheet.