Question : 65.              Callisto began 2000 with 100,000 shares of $3 par : 1370046

 

 

65.              Callisto began 2000 with 100,000 shares of $3 par common stock.  The firm declared a 3-for-1 stock split on March 1, 2010.  How will the stock split affect Callisto’s stockholders’ equity?

A)increase

B)decrease

C)no effect

D)unable to determine from the information given

 

 

66.              Starfury Corporation has 1,000,000, $1 par shares of common stock authorized.  A total of 400,000 shares have been sold to stockholders and 10,000 shares have been repurchased by the firm.  How many shares are outstanding?

A)1,000,000

B)600,000

C)400,000

D)390,000

 

67.              Babylon Corporation has 1,000,000, $1 par shares of common stock authorized.  A total of 400,000 shares have been sold to stockholders and 10,000 shares have been repurchased by the firm for later resale.  How many shares are issued and outstanding?

Issued                Outstanding

A)  1,000,000                 400,000

B)     390,000                 390,000

C)     400,000                 390,000

D)     400,000                 400,000

 

 

68.   Aslo Corporation has 10,000,000, $1 par shares of common stock authorized.  A total of 6,000,000 shares have been sold to stockholders in 2001 and in 2008 Aslo purchased 50,000 of its own stock.  Then in 2010 5,000 shares of the treasury shares were sold.  As of  the end of 2010 how many shares are issued and outstanding?

Issued                Outstanding

A)  6,000,000                 5,955,000

B)  10,000,000               9,955,000

C)   6,000,000                6,045,000

D)   6,050,000                6,045,000

 

 

69.               Zathras Corporation has 2,000,000, $1 par shares of common stock authorized.  A total of 800,000 shares have been sold to stockholders and 40,000 shares have been repurchased by the firm and retired.  How many issued and outstanding shares does Zathras have?

Issued                Outstanding

A)   2,000,000              800,000

B)      800,000              800,000

C)      800,000              760,000

D)      760,000              760,000

 

 

70.              If a corporation goes out of business, whose claims would be satisfied last, if at all?

A)preferred shareholders

B)common shareholders

C)employees

D)creditors

 

 

71.              Which of the following is not a right of common stockholders?

A)Preemptive right

B)Right to vote

C)Right to dividend when declared

D)All of the above are rights of common stockholders.

 

72.   Which of the following is not a right of common stockholders?

A)Preemptive right

B)Right to vote

C)Right to dividend when declared

D)   The redemptive right

E)All of the above are rights of common stockholders.

 

73.              When a corporation issues additional stock, current shareholders will be able to purchase new shares in proportion to their current ownership because of the

A)liquidation right

B)preemptive right

C)redemption privilege

D)cumulative privilege

 

74.              Creditors are interested in a corporation’s stockholders’ equity because

A)stockholders’ equity will be used to pay the creditors’ claims

B)they get to vote in corporate elections when their claims are past due

C)they are entitled to dividends before any are paid to common stockholders

D)stockholders’ equity represents a margin of safety for meeting their claims on assets

 

 

 

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