what is common stock
what is common stock
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1. A company purchases 1,000 shares of its $10 par value common stock when the market price per share is $25. The entry to record the treasury stock purchase is:
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2. Tri-City Corporation reports on its balance sheet 1,000 shares of $100 par value, 5%, cumulative, preferred stock; 6,000 shares issued, 5,000 outstanding, of $10 par value common stock; Additional Paid-in Capital, Common of $40,000; 1,000 shares of Treasury Stock, Common at $10,000; and Retained Earnings of $80,000. The preferred shares are callable at $110, and no dividends are in arrears.
The book value per share of Tri-City's common stock is
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3.Johanna Corporation issues 1,000 shares of $20 par value stock for $50,000. The entry to record the stock issue is:
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5. AndersonCompany paid dividends at the end of each year as follows: | |||||
2012 | $ 180,000 | ||||
2013 | $ 260,000 | ||||
2014 | $ 600,000 | ||||
Determine the amount ofdividends per share paid on common and preferred stock for eachyear | |||||
assuming independent capitalstructures as follows: | |||||
A) | Common: | 300,000 shares of no- par common | |||
Preferred: | 10,000 shares of $100 par, 9% noncumulativepreferred | ||||
B) | Common: | 250,000 shares of no-par common | |||
Preferred: | 20,000 shares of $100 par 9% noncumulativepreferred | ||||
C) | Common: | 250,000 shares of no-par common | |||
Preferred: | 20,000 shares of $100 par 9% cumulativepreferred | ||||
D) | Common: | 250,000 shares of $1 par common | |||
Preferred: | 30,000 shares of $100 par 9% cumulativepreferred | ||||
2012 | 2013 | 2014 | |||
A) | Preferred | ||||
Stock | |||||
Common | |||||
Stock | |||||
B) | Preferred | ||||
Stock | |||||
Common | |||||
Stock | |||||
C) | Preferred | ||||
Stock | |||||
Common | |||||
Stock | |||||
D) | Preferred | ||||
Stock | |||||
Common | |||||
Stock |