Question :
145.Which of the following has an effect total stockholders’ equity?
a.
Cash : 1244201
145.Which of the following has an effect on total stockholders’ equity?
a.
Cash dividend
b.
Conversion of preferred stock into common stock
c.
Stock split
d.
Stock dividend
146.On which of the following dates involving stock dividends does a liability arise?
a.
Date of distribution
b.
On no date
c.
Date of record
d.
Date of declaration
147.A small stock dividend should be recorded on the basis of
a.
par or stated value.
b.
original issue price.
c.
cost.
d.
market value.
148.Which of the following transactions affects total retained earnings?
a.
Declaration of a stock split
b.
Payment of previously declared cash dividend
c.
Purchase of treasury stock
d.
Declaration of a stock dividend
149.Which of the following accounts is closed at the end of the period?
a.
Stock Dividends
b.
Common Stock
c.
Additional Paid-in Capital
d.
Common Stock Distributable
150.If only common stock is outstanding, total stockholders’ equity divided by the number of shares of common stock outstanding is called the
a.
par or stated value per share.
b.
market value per share.
c.
call value per share.
d.
book value per share.
151.The value at which one share of stock can be bought or sold is called
a.
call value.
b.
par or stated value.
c.
book value.
d.
market value.
152.Book value per share refers to the
a.
highest price that investors will pay for a share of stock.
b.
net assets represented by one share of a company’s stock.
c.
par or stated value of a share of stock.
d.
issue price of the stock, less any market decline since issuance.
153.Lemma Corporation has total contributed capital of $600,000 and retained earnings of $495,000. It has 1,000 shares of $100 par value preferred stock with no dividends in arrears and 5,000 shares of $100 par value common stock. The preferred stock is callable at 105. The book value of each share of common stock is
a.
$198.
b.
$199.
c.
$124.
d.
$219.
154.Ballard Corporation has retained earnings of $200,000. It has 5,000 shares of 6 percent, $100 par value preferred stock outstanding that is callable at 102. The preferred stock is cumulative, and one year of dividends is in arrears. It also has 10,000 shares of $50 par value common stock outstanding. Assume all stock is issued at par. The book value of each share of preferred stock is
a.
$102.
b.
$108.
c.
$110.
d.
$105.
155.Ballard Corporation has retained earnings of $200,000. It has 5,000 shares of 6 percent, $100 par value preferred stock outstanding that is callable at 102. The preferred stock is cumulative, and one year of dividends is in arrears. It also has 10,000 shares of $50 par value common stock outstanding. Assume all stock is issued at par. The book value of each share of common stock is
a.
$51.
b.
$66.
c.
$50.
d.
$69.
