Question : 114. Refer to the information above. If Vision did not pay : 1229375

114. 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.

115. 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

Amelia Corporation has the following information in its financial statement:
 

116. 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.
B. $0.13.
C. $0.18.
D. $0.08.

117. 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.

118. 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.

119. 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

120. On January 1, 2011, Aili Corporation issued 60,000 shares of its total 200,000 authorized shares of $4 par value common stock for $18 per share. On December 31, 2011, Aili Corporation’s common stock is trading at $32 per share. Assume Aili Corporation decides to issue an additional 10,000 shares of its common stock on December 31, 2011. How will the above increase in value affect Jupiter? 
A. Aili can issue the 10,000 shares at a higher price than the initial 60,000 shares.
B. Aili can sell the 10,000 shares for $32 each, as well as collect an additional $14 per share for each of the 60,000 shares sold initially.
C. Aili reports a gain of $14 per share on all stock sold during the year.
D. Paid-in capital at the end of 2011 will be $2,240,000 (i.e., 70,000 shares times $32 per share).

121. On September 1, 2011, Miami Corporation’s common stock was selling at a market price of $300 per share. On that date, Miami announced a 2 for 1 stock split. At what price would you expect the stock to trade immediately after the split goes into effect? 
A. $100.
B. $150.
C. $200.
D. $600.

122. On September 1, 2011, Miami Corporation’s common stock was selling at a market price of $25 per share. On that date, Miami announced a 1 for 4 stock split. At what price would you expect the stock to trade immediately after the split goes into effect? 
A. $100.
B. $25.
C. $6.25.
D. $50.

123. On April 16, 2010, Rodriguez Corporation reacquired 12,000 shares of its own $10 par stock for $660,000 cash. On November 4, 2011, 1,000 of the treasury shares were reissued at a price of $65 per share. The journal entry to record the reissuance of the 1,000 shares of stock on November 4 includes a: 
A. Credit to Common Stock of $10,000.
B. Credit to Additional Paid-In Capital: Treasury Stock Transactions of $10,000.
C. Credit to Gain on Treasury Stock Transactions of $10,000.
D. Credit to Treasury Stock Reissued of $65,000.

Shown below is information relating to the stockholders’ equity of Clydsdale Corporation at December 31, 2010:
 

124. Refer to the information above. The average issue price per share of the preferred stock was: 
A. $40.
B. $80.
C. $120.
D. $160.

125. Refer to the information above. If Clydesdale Corporation had reacquired the 8,000 shares of treasury stock early in 2010, what was the purchase price per share? 
A. $2.50 per share.
B. $4.00 per share.
C. $24 per share.
D. More information is needed to determine the purchase price.