Analysis on Food Security
31 soy com corporation has 100 shares of 100 7 cumulative nonparticipating preferred 4303426
31) Soy.com Corporation has 100 shares of $100, 7% cumulative nonparticipating preferred stock and 1,000 shares of $10 par value common stock outstanding. The company paid $4,000 cash dividends including one-year dividends in arrears to preferred stockholders. Preferred stockholders received: A) $1,200. B) $2,000. C) $3,300. D) $1,400. 32) To calculate dividends on par-value preferred stock: A) multiply the number of shares issued times rate. B) multiply rate times par-value per share. C) multiply number of shares outstanding times rate times par-value. D) None of these answers is correct. 33) When a company distributes some of their profits to […]
51 prepare the journal entries for mayhem manufacturing june 10 incurred organizatio 4303428
51) Prepare the journal entries for Mayhem Manufacturing: June 10 Incurred organization costs totaling $7,500 June 14Issued 10,000 shares of $11 par value common stock for $120,000 June 22Issued 3,000 shares of 7%, $30 par value preferred stock for $120,000 52) Prepare the journal entries for Mayhem Manufacturing: July 21Issued 7,000 shares of $10 par common stock for $85,000. July 29Issued 2,500 shares of 7%, $35 par preferred stock for equipment with a fair market value of $95,000.
19 1 learning objective 19 1 1 market value is defined as a the price a corporation 4303431
19.1 Learning Objective 19-1 1) Market Value is defined as: A) the price a corporation pays when it reserves the right to retire or redeem stock at a specific price. B) the price at which shares are bought and sold on the open market. C) the total stockholders' equity minus total amount assigned to preferred stock D) the total of stockholders' equity (when only common stock exists) divided by the number of shares issued. 2) Book Value per Share is defined as: A) the price a corporation pays when it reserves the right to retire or redeem stock at […]
16 2 learning objective 16 2 1 the cost of equipment is expensed a at the time it is 4303439
16.2 Learning Objective 16-2 1) The cost of equipment is expensed: A) at the time it is paid. B) over the periods that benefit the company. C) in the period it is purchased. D) in the period it is sold. 2) In the last year of useful life, the salvage value was ignored using double declining-balance depreciation. This error would cause: A) the period's end assets to be overstated. B) the period's depreciation expense to be understated. C) the period end assets to be understated. D) None of these is correct. 3) When calculating declining balance depreciation, the straight-line […]
