Accounting Homework
greatjoy
accounting_2_12092015.docx|
Soy.com has 100 shares of $100, 6% cumulative nonparticipating preferred stock, and 1,000 shares of $10 par value common stock outstanding. The company paid $2,000 cash dividends, including one-year dividends in arrears to preferred stockholders. Preferred stockholders received A. $1,200. B. $2,000. C. $182. D. $600. |
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.
Soy.com has 100 shares of $100, 6% cumulative nonparticipating preferred stock, and 1,00
0
shares of $10 par value common stock outstanding. The company paid $2,000 cash
dividends
,
including one
-
year dividends in arrears to
preferred stockholders. Preferred stockholder
s
receive
d
A. $1,200
.
B. $2,000
.
C. $182
.
D. $600
.
Rhubarb Corporation’s outstanding stock is 100 shares of $100, 11% cumulativ
e
nonparticipating preferred stock, and 2,000 shares of $12 par value common stock. Rhubar
b
paid $1,600 cash dividends during the year. Common stockholders receive
d
:
A. $0
.
B. $500
.
C. $2,500
.
D. $1,100
.
In exchange for 1500.00 legal services to help set up the
new
company, Hickory Grove
Corporation issued 100 shares of 10.00 par value stock to its attorney. The entry to record the
issuance of the stock w
ould include a:
a. credit to C
ommon Stock for 1000.00
b. debit to Common Stock for 1000
.00
c. credit to C
ommon Stock for 1500.00
d. debit to Paid
-
in Capital in Excess of Par Value for 500.00
.
Soy.com has 100 shares of $100, 6% cumulative nonparticipating preferred stock, and 1,000
shares of $10 par value common stock outstanding. The company paid $2,000 cash
dividends,
including one-year dividends in arrears to preferred stockholders. Preferred stockholders
received
A. $1,200.
B. $2,000.
C. $182.
D. $600.
Rhubarb Corporation’s outstanding stock is 100 shares of $100, 11% cumulative
nonparticipating preferred stock, and 2,000 shares of $12 par value common stock. Rhubarb
paid $1,600 cash dividends during the year. Common stockholders received:
A. $0.
B. $500.
C. $2,500.
D. $1,100.
In exchange for 1500.00 legal services to help set up the new company, Hickory Grove
Corporation issued 100 shares of 10.00 par value stock to its attorney. The entry to record the
issuance of the stock would include a:
a. credit to Common Stock for 1000.00
b. debit to Common Stock for 1000.00
c. credit to Common Stock for 1500.00
d. debit to Paid- in Capital in Excess of Par Value for 500.00
.
