You are watching: A company issued 7% preferred stock with a $100 par value. this means that:
The number of shares that a corporation"s charter allows it to offer is referred to as:Multiple ChoiceIssued stock.Outstanding stock.Common stock.Preferred stock.Authorized stock.
The total amount the cash and other assets obtained by a corporation indigenous its shareholder in exchange for its share is:Multiple ChoiceAlways equal to its par value.Always equal to its stated value.Referred to as paid-in capital. Referred to as preserved earnings.Always listed below its declared value.
Changes in retained revenue are typically reported in the:Multiple ChoiceStatement the cash flows.Balance sheet.Statement of stockholders" equity. Multiple-step revenue statement.Single-step earnings statement.
A company issued 60 share of $100 par value usual stock for $7,000 cash. The full amount of paid-in funding is:Multiple Choice$100.$600.$1,000.$6,000.$7,000.
The day the directors poll to declare and also pay a dividend is referred to as the:Multiple ChoiceDate of stockholders" meeting.Date the declaration. Date of record.Date of payment.Liquidating date.
Which of the adhering to is true that a stock dividend?Multiple ChoiceIt is a liability on the balance sheet.The decision to declare a stock dividend lives with the shareholders.Transfers a portion of same from retained revenue to a cash make reservation account.Does not affect total equity, but transfer amounts between the materials of equity. Reduce a corporation"s assets and also stockholders" equity.
Ultimate Sportswear has actually $100,000 that 8% noncumulative, nonparticipating, wanted stock outstanding. Can be fried Sportswear also has $500,000 of usual stock outstanding. In the company"s an initial year of operation, no dividends were paid. Throughout the 2nd year, the agency paid cash dividend of $30,000. This dividend should be dispersed as follows:Multiple Choice$8,000 preferred; $22,000 common. $16,000 preferred; $14,000 common.$7,500 preferred; $22,500 common.$15,000 preferred; $15,000 common.$0 preferred; $30,000 common.
Alto company issued 7% desired stock with a $100 par value. This method that:Multiple ChoicePreferred shareholders have actually a guarantee dividend.The quantity of the potential dividend is $7 per year per preferred share. Preferred shareholders are entitled to 7% that the yearly income.The market price every share will approximate $100 per share.Only 7% the the complete paid-in funding can be preferred stock.
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Treasury stock is classified as:Multiple ChoiceAn heritage account.A contra heritage account.A revenue account.A contra equity account.A legal responsibility account.