Question :
104. Refer to the information above. Book value per share of : 1229374
104. Refer to the information above. Book value per share of common stock (rounded to the nearest penny) is:
A. $30.20 per share.
B. $28.20 per share.
C. $31.80 per share.
D. $38.20 per share.
105. The following two items are disclosed in the stockholders’ equity section of Riverside Corporation’s December 31, 2009, balance sheet:
If the company had reacquired 700 shares of treasury stock in February of 2009, then for what amount was the other treasury stock sold for during 2009?
A. $2 per share above its par value.
B. $2 per share.
C. $2 per share above its cost.
D. $22 per share above its cost.
On April 1, 2011, Jetter Corporation reacquired 2,000 shares of its own $10 par stock for $120,000 cash. On October 15, 2011, 600 of the treasury shares were reissued at a price of $65 per share.
106. Refer to the information above. The reacquisition of the 2,000 shares on April 1, 2011, causes:
A. No change in total assets of Jetter Corporation.
B. No change in the number of shares of Jetter Corporation stock outstanding.
C. A reduction in total assets and in total stockholders’ equity of Jetter Corporation.
D. Jetter Corporation to show a new asset, “Treasury Stock”, for $120,000.
107. Refer to the information above. The journal entry to record the reissuance of the 600 shares of stock on October 15 includes a:
A. Credit to Common Stock of $6,000.
B. Credit to Additional Paid-In Capital: Treasury Stock Transactions of $3,000.
C. Credit to Gain on Treasury Stock Transactions of $3,000.
D. Credit to Treasury Stock Reissued of $39,000.
108. Refer to the information above. Assuming there are no further transactions involving treasury stock in 2011, the financial statements of Jetter Corporation for 2011 will show:
A. Treasury Stock of $81,000 among the assets in the balance sheet.
B. Gain on Sale of Treasury Stock of $3,000 in the income statement for 2011.
C. Treasury Stock of $120,000 as a deduction in the stockholders’ equity section of the December 31, 2011, balance sheet.
D. Additional Paid-In Capital: Treasury Stock Transactions of $3,000 in the December 31, 2011 balance sheet.
Shown below is information relating to the stockholders’ equity of Brookdale Corporation at December 31, 2010:
109. Refer to the information above. The average issue price per share of the preferred stock was:
A. $150.
B. $165.
C. $180.
D. $195.
110. Refer to the information above. What was the average issue price per share of common stock?
A. $2.75.
B. $1.25.
C. $1.50.
D. $3.75.
111. Refer to the information above. How many shares of common stock are outstanding?
A. 600,000.
B. 606,000.
C. 594,000.
D. 1,000,000.
112. Refer to the information above. If Brookdale Corporation had reacquired 7,000 shares of treasury stock early in 2010, and this was the company’s only treasury stock transaction, then some treasury stock must have been sold during 2010 for:
A. $32 per share.
B. $38 per share.
C. $27 per share.
D. $6 per share.
Vision Corporation has the following information on its financial statement:
113. 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.
B. $0.24.
C. $0.06.
D. $0.18.
