You are watching: A company issued 7% preferred stock with a $100 par value. this means that:
The variety 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 received by a corporation native its stockholders in exchange because that its share is:Multiple ChoiceAlways equal to that is par value.Always same to its proclaimed value.Referred to together paid-in capital. Referred to as kept earnings.Always below its stated value.
Changes in retained revenue are generally reported in the:Multiple ChoiceStatement that cash flows.Balance sheet.Statement that stockholders\" equity. Multiple-step earnings statement.Single-step revenue statement.
A firm issued 60 shares of $100 par value common stock because that $7,000 cash. The total amount the paid-in funding is:Multiple Choice$100.$600.$1,000.$6,000.$7,000.
The day the directors vote to declare and also pay a dividend is called the:Multiple ChoiceDate that stockholders\" meeting.Date that declaration. Date of record.Date that payment.Liquidating date.
Which of the following is true the a stock dividend?Multiple ChoiceIt is a legal responsibility on the balance sheet.The decision to explain a share dividend lives with the shareholders.Transfers a portion of equity from retained income to a cash to make reservation account.Does not impact total equity, yet transfer quantities between the components of equity. Reduces a corporation\"s assets and stockholders\" equity.
Ultimate Sportswear has actually $100,000 that 8% noncumulative, nonparticipating, desired stock outstanding. Can be fried Sportswear also has $500,000 of typical stock outstanding. In the company\"s an initial year that operation, no dividends were paid. Throughout the second year, the company paid cash dividends of $30,000. This dividend must 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% preferred stock v a $100 par value. This method that:Multiple ChoicePreferred shareholders have actually a guaranteed dividend.The lot of the potential dividend is $7 per year per desired share. Desired shareholders room entitled come 7% that the yearly income.The sector price every share will approximate $100 per share.Only 7% that the full paid-in resources can be preferred stock.
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Treasury stock is classified as:Multiple ChoiceAn asset account.A contra heritage account.A revenue account.A contra equity account.A liability account.