What is the number of shares outstanding?
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- Authorized stock represents the: number of shares that are currently held by stockholders. number of shares that have been sold. number of shares that have been repurchased by the corporation. maximum number of shares that can be issued.Autumn Corporation was organized in August. It is authorized to issue 100,000 shares of $100 par value 7% preferred stock. It is also authorized to issue 500,000 shares of $5 par value common stock. During the year, the corporation had the following transactions: Journalize the transactions.A corporation issued 100 shares of $100 par value preferred stock for $150 per share. The resulting journal entry would include which of the following? A. a credit to common stock B. a credit to cash C. a debit to paid-in capital in excess of preferred stock D. a debit to cash
- Copper Corporation was organized in May. It is authorized to issue 50,000,000 shares of $200 par value 7% preferred stock. It is also authorized to issue 75,000,000 shares of $5 par value common stock. In its first year, the corporation has the following transactions: Journalize the transactions.A corporation issues 6,000 shares of $1 par value stock for a parcel of land valued at $12,000. Prepare the journal entry to reflect this transaction.The charter of a corporation provides for the issuance of 109,000 shares of common stock. Assume that 55,000 shares were originally issued and 12,900 were subsequently reacquired. What is the number of shares outstanding? a.42,100 b.12,900 c.109,000 d.55,000
- The charter of a corporation provides for the issuance of 119,000 shares of common stock. Assume that 55,000 shares were originally issued and 11,100 were subsequently reacquired. What is the number of shares outstanding? a. 55,000 b. 43,900 c. 119,000 d. 11,100The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume that 49,000 shares were originally issued and 6,200 were subsequently reacquired. What is the number of shares outstanding? O. 42,800 0 55,200 O 6.200 Od 49,000The charter of a corporation provides for the issuance of 111,000 shares of common stock. Assume that 52,000 shares were originally issued and 12,400 were subsequently reacquired. What is the number of shares outstanding? Select the correct answer. a-12,400 b-52,000 c-39,600 d-111,000
- The charter of a corporation provides for the issuance of 105,000 shares of common stock. Assume that 63,000 shares were originally issued and 12,600 were subsequently reacquired. What is the number of shares outstanding? Оа. 50,400 Оb. 63,000 Oc. 12,600 Od. 105,000 Previous NextThe charter of a corporation provides for the issuance of 106,898 shares of common stock. Assume that 42,395 shares were originally issued and 4,642 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2-per-share dividend is declared? a.$42,395 b.$106,898 c.$4,642 d.$75,506The charter of a corporation provides for the issuance of 114,615 shares of common stock. Assume that 41,097 shares were originally issued and 3,520 were subsequently reacquired. What is the amount of cash dividends to be paid if a $2 per share dividend is declared? a.$75,154 b.$3,520 c.$114,615 d.$41,097