A company declared a $0.25 per share cash dividend. The company has 160,000 shares authorized, 152,000 shares issued, and 6,400 shares in treasury stock. The journal entry to record the dividend declaration is: Debit Retained Earnings $38,000; credit Common Dividends Payable $38,000. Debit Retained Earnings $40,000; credit Common Dividends Payable $40,000. Debit Common Dividends Payable $38,000; credit Cash $38,000. Debit Retained Earnings $36,400; credit Common Dividends Payable $36,400. Debit Common Dividends Payable $36,400; credit Cash $36,400. A company declared a $0.50 per share cash dividend. The company has 460,000 shares authorized, 437,000 shares issued, and 18,400 shares in treasury stock. The journal entry to record the payment of the dividend declaration is: rev: 02_08_2014_QC_44760 Debit Retained Earnings $218,500; credit Common Dividends Payable $218,500. Debit Common Dividends Payable $209,300; credit Cash $209,300. Debit Common Dividends Payable $218,500; credit Cash $218,500. Debit Retained Earnings $209,300; credit Common Dividends Payable $209,300. Debit Retained Earnings $230,000; credit Common Dividends Payable $230,000. A company has earnings per share of $8.70. Its dividend per share is $1.50, its market price per share is $100.92, and its book value per share is $77. Its price-earnings ratio equals: 11.60. 7.60. 8.85. 8.70. 5.80. Xtreme Sports has $300,000 of 8% noncumulative, nonparticipating, preferred stock outstanding. Xtreme Sports also has $700,000 of common stock outstanding. In the company's first year of operation, no dividends were paid. During the second year, Xtreme Sports paid cash dividends of $50,000. This dividend should be distributed as follows: $27,000 preferred; $23,000 common. $25,000 preferred; $25,000 common. $0 preferred; $50,000 common. $12,500 preferred; $37,500 common. $24,000 preferred; $26,000 common. A company has net income of $935,000; its weighted-average common shares outstanding are 187,000. Its dividend per share is $0.80, its market price per share is $95, and its book value per share is $86.50. Its price-earnings ratio equals rev: 03_05_2014_QC_46271 17.30. 19.00. 9.30. 8.50. 7.70. A company issued 260 shares of $100 par value stock for $31,000 cash. The total amount of paid-in capital in excess of par is: $100. $2,600. $5,000. $26,000. $31,000. A company issued 85 shares of $100 par value stock for $9,500 cash. The total amount of paid-in capital is: $100. $1,000. $850. $8,500. $9,500. The following data were reported by a corporation:   Authorized shares 33,000     Issued shares 28,000     Treasury shares 10,000   The number of outstanding shares is: 43,000. 23,000. 28,000. 18,000. 33,000. A company's board of directors votes to declare a cash dividend of $1.10 per share. The company has 22,000 shares authorized, 17,000 issued, and 16,500 shares outstanding. The total amount of t.

1. A company declared a $0.25 per share cash dividend. The
company has 160,000 shares authorized, 152,000 shares issued,
and 6,400 shares in treasury stock. The journal entry to record
the dividend declaration is:
Debit Retained Earnings $38,000; credit Common Dividends
Payable $38,000.
Debit Retained Earnings $40,000; credit Common Dividends
Payable $40,000.
Debit Common Dividends Payable $38,000; credit Cash
$38,000.
Debit Retained Earnings $36,400; credit Common Dividends
Payable $36,400.
Debit Common Dividends Payable $36,400; credit Cash
$36,400.
A company declared a $0.50 per share cash dividend. The
company has 460,000 shares authorized, 437,000 shares issued,
and 18,400 shares in treasury stock. The journal entry to record
the payment of the dividend declaration is:
rev: 02_08_2014_QC_44760
Debit Retained Earnings $218,500; credit Common Dividends
Payable $218,500.
Debit Common Dividends Payable $209,300; credit Cash
$209,300.

2. Debit Common Dividends Payable $218,500; credit Cash
$218,500.
Debit Retained Earnings $209,300; credit Common Dividends
Payable $209,300.
Debit Retained Earnings $230,000; credit Common Dividends
Payable $230,000.
A company has earnings per share of $8.70. Its dividend per
share is $1.50, its market price per share is $100.92, and its
book value per share is $77. Its price-earnings ratio equals:
11.60.
7.60.
8.85.
8.70.
5.80.
Xtreme Sports has $300,000 of 8% noncumulative,
nonparticipating, preferred stock outstanding. Xtreme Sports
also has $700,000 of common stock outstanding. In the
company's first year of operation, no dividends were paid.
During the second year, Xtreme Sports paid cash dividends of
$50,000. This dividend should be distributed as follows:

3. $27,000 preferred; $23,000 common.
$25,000 preferred; $25,000 common.
$0 preferred; $50,000 common.
$12,500 preferred; $37,500 common.
$24,000 preferred; $26,000 common.
A company has net income of $935,000; its weighted-average
common shares outstanding are 187,000. Its dividend per share
is $0.80, its market price per share is $95, and its book value
per share is $86.50. Its price-earnings ratio equals
rev: 03_05_2014_QC_46271
17.30.
19.00.
9.30.
8.50.
7.70.
A company issued 260 shares of $100 par value stock for
$31,000 cash. The total amount of paid-in capital in excess of
par is:
$100.

4. $2,600.
$5,000.
$26,000.
$31,000.
A company issued 85 shares of $100 par value stock for $9,500
cash. The total amount of paid-in capital is:
$100.
$1,000.
$850.
$8,500.
$9,500.
The following data were reported by a corporation:
Authorized shares
33,000
Issued shares
28,000
Treasury shares
10,000

5. The number of outstanding shares is:
43,000.
23,000.
28,000.
18,000.
33,000.
A company's board of directors votes to declare a cash dividend
of $1.10 per share. The company has 22,000 shares authorized,
17,000 issued, and 16,500 shares outstanding. The total amount
of the cash dividend is:
$36,850.
$18,150.
$18,700.
$23,200.
$24,200.
A corporation declared and issued a 10% stock dividend on
November 1. The following information was available
immediately prior to the dividend:

6. Retained earnings
$780,000
Shares issued and outstanding
63,000
Market value per share
$18
Par value per share
$5
The amount that contributed capital will increase (decrease) as a
result of recording this stock dividend is:
$31,500.
$0.
$(31,500).
$(113,400).
$113,400.
A corporation had 49,000 shares of $20 par value common stock
outstanding on July 1. Later that day the board of directors
declared a 5% stock dividend when the market value of each
share was $26. The entry to record this dividend is:
Debit Retained Earnings $63,700; credit Common Stock
Dividend Distributable $63,700.
Debit Retained Earnings $63,700; credit Cash $63,700.

7. Debit Retained Earnings $49,000; credit Common Stock
Dividend Distributable $49,000.
No entry is made until the stock is issued.
Debit Retained Earnings $63,700; credit Common Stock
Dividend Distributable $49,000; credit Paid-In Capital in
Excess of Par Value, Common Stock $14,700.
The following data has been collected about a company's
stockholders' equity accounts:
Common stock $10 par value 27,000 shares authorized and
13,500 shares issued, 1,700 shares in treasury
$135,000
Paid-in-capital in excess of par value, common stock
57,000
Retained earnings
32,000
Treasury stock
20,740
The treasury shares were all purchased at the same price.
The cost per share of the treasury stock is:
$1.76.
$10.00.
$12.20.
$1.54.

8. $11.20.
A company has 1,500 shares of $10 par value, 7.0% cumulative
and nonparticipating preferred stock and 15,000 shares of $10
par value common stock outstanding. The company paid total
cash dividends of $500 in its first year of operation. The cash
dividend that must be paid to preferred stockholders in the
second year before any dividend is paid to common
stockholders is:
$500.
$2,100.
$1,600.
$550.
$1,050.
A corporation was formed on January 1. The corporate charter
authorized 100,000 shares of $10 par value common stock.
During the first month of operation, the corporation issued 240
shares to its attorneys in payment of a $4,400 charge for
drawing up the articles of incorporation. The entry to record
this transaction would include:
A debit to Paid-in Capital in Excess of Par Value, Common
Stock for $2,000.

9. A credit to Common Stock for $4,400.
A debit to Organization Expenses for $2,400.
A credit to Paid-in Capital in Excess of Par Value, Common
Stock for $4,400.
A debit to Organization Expenses for $4,400.
A company must repay the bank a single payment of $14,000
cash in 3 years for a loan it entered into. The loan is at 9%
interest compounded annually. The present value factor for 3
years at 9% is 0.7722. The present value of the loan is:
$17,780.
$12,740.
$10,811.
$14,000.
$10,220.
Sheet1Estimating Work Sheet STEEL Takeoff project:Class
AssignmentEstimate NO.1LocationnoneSheet NO.1 of

10. 1Architect:NoneDate.3 25 2014Item:NoneBY ----- checked
-----
DescriptionDesignationCountL(ft.)SF.Pounds/ftSq.QuantityBea
msuintB1W14X2220282212320.00PoundsB2W14X20418201440
.00PoundsB3W14X26428262912.00PoundsB4W14X2622426124
8.00PoundsColumnsC1W20X3221232768.00PoundsC2W20X302
1230720.00PoundsC3W20X2821228672.00PoundsC4W20X2611
226312.00PoundsC5W20X2421224576.00PoundsC6W20X22221
22924.00PoundsC7W20X20421201680.00PoundsSpandrel
BeamSB1W16X28828286272.00PoundsSB2W16X22828224928.
00PoundsGirderG2W16X26432263328.00PoundsG4W16X30232
301920.00PoundsG6W16X28632285376.00PoundsSpandrel
GirderSG1W18X30232301920.00PoundsSG3W18X3623236230
4.00PoundsSG5W18X22432222816.00PoundsJoists118K102428
11.77862.40Pounds218K1141811.7842.40PoundsDeckingCorrag
atated SteelRoof Area7168=71.68Total Quantity of
Steel61140.80Pounds
Sheet2
Sheet3