ch 11 example #69949

A corporation's distribution of additional shares of its own stock to its stockholders without the receipt of any payment in return is called a:

A corporation sold 14,000 shares of its $1 par value common stock at a cash price of $13 per share. The entry to record this transaction would include:

The amount of annual cash dividends distributed to common shareholders relative to the common stock's market value is the:

A company's board of directors votes to declare a cash dividend of $1.00 per share on its 12,000 common shares outstanding. The journal entry to record the declaration of the cash dividend is:

Stockholders' equity consists of the following:

Mayan Company had net income of $132,000. The weighted-average common shares outstanding were 80,000. The company declared a $27,000 dividend on its noncumulative, nonparticipating preferred stock. There were no other stock transactions. The company's earnings per share is:

A company has net income of $90,000; its weighted-average common shares outstanding are 18,000. Its dividend per share is $0.45, its market price per share is $88, and its book value per share is $76. Its price-earnings ratio equals:

The following data were reported by a corporation: Authorized shares20,000Issued shares15,000Treasury shares3,000 The number of outstanding shares is:

Prior to June 30, a company has never had any treasury stock transactions. A company repurchased 100 shares of its $1 par common stock on June 30 for $40 per share. On July 20, it reissued 50 of these shares at $46 per share. On August 1, it reissued 20 of the shares at $38 per share. What is the journal entry necessary to record the repurchase of stock on June 30?

A company's board of directors votes to declare a cash dividend of $.75 per share of common stock. The company has 15,000 shares authorized, 10,000 issued, and 9,500 shares outstanding. The total amount of the cash dividend is:

The number of shares that a corporation's charter allows it to sell is referred to as:

Stock that was reacquired and is still held by the issuing corporation is called:

Office Space, Inc. sold 30,000 shares of its no-par value common stock at a cash price of $10 per share. The entry to record this transaction would be:

Treasury stock is classified as:

The amount of income earned per share of a company's outstanding common stock is known as:

A company paid $0.48 in cash dividends per share. Its earnings per share is $3.20 and its market price per share is $20.00. Its dividend yield equals:

The total amount of cash and other assets received by a corporation from its stockholders in exchange for its stock is:

Par value of a stock refers to the:

The price-earnings ratio is calculated by dividing:

A company issued 60 shares of $100 par value common stock for $7,000 cash. The journal entry to record the issuance is: