Log in
Accounting
1
answer
0
watching
81
views

58. Refer to the previous question. By what amount did totalequity and total assets change, if at all? (If the accountbalance
or amount did not change, state your answer as "$0.")

Use the following information to answer the next 10questions:
A company with 50,000 authorized shares of$! par common stockissued 10,000 shares at $10 per share. Subsequently, the companydeclared and paid a $3 cash dividend per share. On the date, thecompany declared the dividend, the market price of the shares was$30 per share.

59. What is the effect of the dividend on RetainedEarnings?
a. Retained earnings decreased
b. Retained earnings increased
c. Retained earnings remained the same
d. None of the above

60. Refer to the previous question. By what amount did RetainedEarnings change, if at all? (If the account balance or amount didnot change, state your answer as "$0.")

61. What is the effect of the dividend on Common Stock?
a. Common Stock decreased
b. Common Stock increased
c. Common Stock remained the same
d. None of the above

62. Refer to the previous question. By what amount did CommonStock change, if at all? (If the account balance or amount
did not change, state your answer as "$0")

63. What is the effect of the dividend on Paid-in Capital?
a. Paid-in Capital decreased
b. Paid-in Capital increased
c. Paid-in Capital remained the same
d. None of the above

64. Refer to the previous question. By what amount did Paid-inCapital change, if at all? (If the account balance or amount
did not change, state your answer as "$0.")

65. What is the effect of the dividend on the number of sharesoutstanding?
a. The number decreased
b. The number increased
c. The number remained the same
d. None of the above

66. Refer to the previous question. By what amount did thenumber of shares outstanding change, if at all? (If theaccount
balance or amount did not change, state your answer as "O.")

67. What is the effect of the dividend on total equity and totalassets?
a. Total equity decreased and total assets decreased
b. Total equity decreased and total assets increased
c. Total equity increased and total assets decreased
d. Total equity increased and total assets increased
e. None of the above

68. Refer to the previous question. By what amount did totalequity and total assets change, if at all? (If the accountbalance
or amount did not change, state your answer as "$0.")

Watch
1
answer
0
watching
81
views

For unlimited access to Homework Help, a Homework+ subscription is required.

Nestor Rutherford
Nestor RutherfordLv2
29 Sep 2019

Unlock all answers

Get 1 free homework help answer.
Already have an account? Log in
Share

Related questions

On March I, 2009, the Miranda Company purchased 2,000 shares ofits common stock for $25 per share for
the treasury. On July I, 2009, 1,000 of the treasury shares weresold for $30 per share. On October I, 2009, 1,000 of the treasuryshares were sold at $15 per share.

On January I, 2009, Miranda's balance in Retained Earnings was$100,000. During the year, the company
had net income of $20,000 and paid dividends of $5,000

43. Refer to question #56. By what amount did Treasury Stockchange, if at all? (If the account
balance or amount did not change, state your answer as "$0.")

44. Refer to question #56. By what amount did Total Equitychange, if at all? (If the account
balance or amount did not change, state your answer as "$0.")

45. Which of the following is true regarding the sale oftreasury stock on October I?
a. Treasury stock decreased and Total Equity decreased
b. Treasury stock decreased and Total Equity increased
c. Treasury stock increased and Total Equity decreased
d. Treasury stock increased and Total Equity increased
e. None of the above

46. Refer to question #59. By what amount did Treasury Stockchange, if at all? (If the account
balance or amount did not change, state your answer as "$0.")

47 Refer to question #59. By what amount did Total Equitychange, if at all? (If the account
balance or amount did not change, state your answer as "$0.")

48. What is the balance in Retained Earnings at the end of theyear?

Use the following information to answer the next 10questions:
A company with I 00,000 authorized shares of $4 par common stockissued 50,000 shares at $9 per share Subsequently, the companydeclared and issued a I0% stock dividend. The market price of theshares is $20 per share.

49. What is the effect of the dividend on RetainedEarnings?
a. Retained earnings decreased
b. Retained earnings increased
c. Retained earnings remained the same
d. None of the above

50. Refer to the previous question. By what amount did RetainedEarnings change, if at all? (If the account balance or
amount did not change,_ state your answer·as "$0.")

51. What is the effect of the dividend on Common Stock?
a. Common Stock decreased
b. Common Stock increased
c. Common Stock remained the same
d. None of the above

54. Refer to the previous question. By what amount did Paid-inCapital change, if at all? (If the account balance or amount didnot change, state your answer as "$0.")

55. What is the effect of the dividend on the number of sharesoutstanding?
a. The number decreased
b. The number increased
c. The number remained·the same
d. None of the above

56. Refer to the previous question. By what amount did thenumber of shares outstanding change, if at all? (If theaccount
balance or amount did not change, state your answer as "$0.")

57. What is the effect of the dividend on total equity and totalassets?
a. Total equity decreased and total assets decreased
b. Total equity decreased and total assets increased
c. Total equity increased and total assets decreased
d. Total equity increased and total assets increased
e. None of the above

A company with 50,000 authorized shares of $1 par common stockissued 10,000 shares at $10 per share, Subsequently, the companydeclared and paid a $3 cash dividend per share. On the date thecompany declared the dividend, the market price of the shares was$30 per share.

What is the effect of the dividend on Retained Earnings?

Retained earnings decreased

Retained earnings increased

Retained earnings remained the same

None of the above.

Refer to the previous question. By what amount did RetainedEarnings change, of at all? ( If the account balance or amount didnot change, state your answer as “$0”)

What is the effect of the dividend on Common Stock?

Common stock decreased

Common stock increased

Common stock remained the same

None of the above

Refer to the previous question. By what amount did Common Stockchange, of at all? (If the account balance or amount did notchange, state your answer as “$0”)

What is the effect of the dividend on Paid-in- Capital?

Paid-in Capital decreased

Paid-in Capital increased

Paid-in Capital remained the same

None of the above

Refer to the previous question. By what amount did Paid-inCapital change, of at all? (If the account balance or amount didnot change, state your answer as “$0”)

What is the effect of the dividend on the number of sharesoutstanding?

The number decreased

The number increased

The number remained the same

None of the above

Refer to the previous question. By what amount did the number ofshares outstanding change, if at all? (If the account balance oramount did not change, state your answer as “$0”)

What is the effect of the dividend on total equity and totalassets?

Total equity decreased, and total assets decreased

Total equity decreased, and total assets increased

Total equity increased, and total assets decreased

Total equity increased, and total assets increased

None of the above

Refer to the previous question. By what amount did total equityand total assets change if at all? (If the account balance oramount did not change, state your answer as “$0”)

Use the following information to answer the next 10questions:

A company with 100,000 authorized shares of $4 par common stockissued 50,000 shares at $9 per share. Subsequently, the companydeclared and issued a 10% stock dividend. The market price of theshares is $20 per share.

49. What is the effect of thedividend on Reatined Earnings?

a. Retained earnings decreased

b. Retained earnings increased

c. Retained earnings remained the same

d. None of the above

50. Refer to the previous. By what amount did Retained Earningchange, if at all? (If the account balance or amount did notchange, state your answer as "$0")

51. What is the effect of the dividend on Common Stock?

a. Common Stock decreased

b. Common Stock increased

c. Common Stock remained the same

d. None of the above

52. Refer to the previous question. By what amount did CommonStock change, if at all? ( If the account balance or amount did notchange, state your answer as "$0")

53. What is the effect of the dividend on Paid in Capital?

a. Paid-in Capital decreased

b. Paid-in Capital increased

c. Paid-in Capital remained the same

d. None of the above

54. Refer to the previous question.By what amount did Paid in Capital change, if at all? ( If theaccount balance or amount did not change, state your answer as"$0")

55. What is the effect of thedividend on the number of shares outstanding?

a. The number decreased

b. The number increased

c. The number remained the same

d. None of the above

56. Refer to the previous question.By what amount did the number of shares change, if at all? (If theaccount or amount did not change, state your answer as "$0")

57. What is the effect of the dividend on total equity and totalassets?

a. Total equity decreased, and total assets decreased

b. Total equity decreased, and total assets increased

c. Total equity increased, and total assets decreased

d. Total equity increased, and total assets increased

e. None of the above

58. Refer to the previous question.By what amount did total equity change if at all? ( If the accountbalance or amount did not change, state your answer as "0")

Weekly leaderboard

Home
Homework Help 3,900,000
Accounting 580,000
Start filling in the gaps now
Log in