Question : 91.Refer to the information above. Book value per share of : 1237453

 

 

91.Refer to the information above. Book value per share of common stock (rounded to the nearest penny) is:   

A. $15.10.

 

B. $14.10.

 

C. $15.90.

 

D. $19.10.

$1,200,000 + $600,000 – $60,000 – $48,000 = $1,692,000/120,000 = $14.10

 

 

 

92.Which of the following best describes the book value of a share of stock?   

A. Net assets divided by the number of shares outstanding.

 

B. The amount at which the stock would sell on the market if sold by a willing and informed seller to a willing and informed buyer.

 

C. Total assets of the company, as reported in the accounting records, divided by the number of shares of stock outstanding.

 

D. Total stockholders’ equity divided by the number of shares authorized.

 

 

 

 

Vision Corporation has the following information on its financial statement: 

 

93.Refer to the information above. If Vision paid a total of $55,800 in dividends, how much would each common stockholder receive for each share of stock owned? (Assume there are no dividends in arrears)   

A. $0.12 per share.

 

B. $0.24 per share.

 

C. $0.06 per share.

 

D. $0.18 per share.

$55,800 – (4,500 × $6) = $28,800/240,000 = $0.12

 

 

 

94.Refer to the information above. If Vision did not pay a dividend for the last two years, but declared a dividend this year, how much will they have to declare in order for the common stockholders to receive $.45 per share?   

A. $189,000.

 

B. $306,000.

 

C. $108,000.

 

D. $162,000.

[3(4,500 × $6)] + $0.45(240,000) = $189,000

 

 

 

95.Refer to the information above. If Vision decided to purchase 50,000 shares of its common stock to be used for future stock option plans at $9.50 per share, what journal entry would they make?     

A. Option A

 

B. Option B

 

C. Option C

 

D. Option D

50,000 × $9.50 = $475,000

 

 

 

Amelia Corporation has the following information in its financial statement: 

 

96.Refer to the information above. If Amelia paid a total of $75,000 in dividends, how much would each common stockholder receive for each share of stock owned? (Assume there are no dividends in arrears)   

A. $0.23 per share.

 

B. $0.13 per share.

 

C. $0.18 per share.

 

D. $0.08 per share.

$75,000 – (5,400 × $6) = $42,600/320,000 = $0.13 (rounded)

 

 

 

97.Refer to the information above. How many shares of preferred stock are outstanding?   

A. 32,400 shares.

 

B. 5,400 shares.

 

C. 10,000 shares.

 

D. The number of shares cannot be determined without more information.

$540,000/$100 par = 5,400 shares

 

 

 

98.Refer to the information above. If Amelia did not pay a dividend for the last two years, but declared a $250,000 dividend this year, how much will the common stockholders receive?   

A. $152,800.

 

B. $250,000.

 

C. $97,200.

 

D. $217,600.

$250,000 – 3(5,400 × $6) = $250,000 – $97,200 = $152,800

 

 

 

99.Refer to the information above. If Amelia decided to purchase 20,000 shares of its common stock to be used for future stock option plans at $11.40 per share, what journal entry would they make?     

A. Option A

 

B. Option B

 

C. Option C

 

D. Option D

20,000 × $11.40 = $228,000

 

 

 

Shown below is information relating to the stockholders’ equity of Clydsdale Corporation at December 31, 2015: 

 

100.Refer to the information above. The average issue price per share of the preferred stock was:   

A. $40.

 

B. $80.

 

C. $120.

 

D. $160.

($1,600,000 + $800,000)/20,000 = $120

 

 

 

 

Place your order
(550 words)

Approximate price: $22

Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
$26
The price is based on these factors:
Academic level
Number of pages
Urgency
Basic features
  • Free title page and bibliography
  • Unlimited revisions
  • Plagiarism-free guarantee
  • Money-back guarantee
  • 24/7 support
On-demand options
  • Writer’s samples
  • Part-by-part delivery
  • Overnight delivery
  • Copies of used sources
  • Expert Proofreading
Paper format
  • 275 words per page
  • 12 pt Arial/Times New Roman
  • Double line spacing
  • Any citation style (APA, MLA, Chicago/Turabian, Harvard)

Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

Read more

Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

Read more

Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.

Read more

Privacy policy

Your email is safe, as we store it according to international data protection rules. Your bank details are secure, as we use only reliable payment systems.

Read more

Fair-cooperation guarantee

By sending us your money, you buy the service we provide. Check out our terms and conditions if you prefer business talks to be laid out in official language.

Read more