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80.
Topper Corporation has 60,000 shares of $1 par value common stock and 16,000 shares of
cumulative 7%, $100 par preferred stock outstanding. Topper has not paid a dividend for
the prior year. If Topper declares a $1.95 per common share dividend this year, what will
be the total amount they must pay their shareholders?
81.
Most preferred stocks have one or more of the following characteristics,
except
:
82.
Which of the following individuals has the most power to influence corporate policy on a
long-term basis?
83.
Which of the following is
not
a characteristic of most preferred stock?
84.
The financial statements of a corporation that failed during the current year to pay any
dividends on its cumulative preferred stock should:
85.
If the preferred stock of a corporation is cumulative:
11-44
86.
Mayfair Corporation has outstanding 70,000 shares of $1 par value common stock as well
as 20,000 shares of 7%, $100 par value cumulative preferred stock. At the beginning of the
year, the balance in retained earnings was $800,000, and one year's dividends were in
arrears. Net income for the current year is $580,000. Compute the balance in retained
earnings at the end of the year if Mayfair Corporation pays a dividend of $3 per share on
its common stock this year.
Shown below is information relating to the stockholders' equity of Reeve Corporation as of
December 31, 2015:
87.
Refer to the information above. How many shares of preferred stock are issued and
outstanding?
88.
Refer to the information above. What was the original issue price per share of common
stock?
89.
Refer to the information above. What is total paid-in capital?
90.
Refer to the information above. Total stockholders' equity is:
91.
Refer to the information above. Book value per share of common stock (rounded to the
nearest penny) is:
92.
Which of the following best describes the book value of a share of stock?
Vision Corporation has the following information on its financial statement:
93.
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)
94.
Refer to the information above. If Vision did not pay a dividend for the last two years, but
declared a dividend this year, how much will they have to declare in order for the common
stockholders to receive $.45 per share?
11-50
95.
Refer to the information above. If Vision decided to purchase 50,000 shares of its common
stock to be used for future stock option plans at $9.50 per share, what journal entry would
they make?
Amelia Corporation has the following information in its financial statement:
96.
Refer to the information above. If Amelia paid a total of $75,000 in dividends, how much
would each common stockholder receive for each share of stock owned? (Assume there
are no dividends in arrears)
97.
Refer to the information above. How many shares of preferred stock are outstanding?
98.
Refer to the information above. If Amelia did not pay a dividend for the last two years, but
declared a $250,000 dividend this year, how much will the common stockholders receive?
99.
Refer to the information above. If Amelia decided to purchase 20,000 shares of its common
stock to be used for future stock option plans at $11.40 per share, what journal entry
would they make?
100.
Refer to the information above. The average issue price per share of the preferred stock
was:
101.
Refer to the information above. If Clydesdale Corporation had reacquired the 8,000 shares
of treasury stock early in 2015, what was the purchase price per share?
102.
In a "pump-and-dump" scheme, the owners of the company:
103.
All of the following are activities seen in "pump-and-dump" schemes
except:
104.
The market price of a preferred stock will be affected by:
105.
If preferred stock is convertible, it is so at the option of the:
106.
On January 1, 2015, Aili Corporation issued 60,000 shares of its total 200,000 authorized
shares of $4 par value common stock for $18 per share. On December 31, 2015, Aili
Corporation's common stock is trading at $32 per share. Assume Aili Corporation decides
to issue an additional 10,000 shares of its common stock on December 31, 2015. How will
the above increase in value affect Aili?
107.
The par value of the common stock of a large listed corporation:
108.
When shares of stock are sold from one investor to another, they will trade at:
109.
A 2-for-1 stock split will:
110.
Which statement is true about a stock split?
111.
A 2-for-1 stock split:
112.
A 2-for-1 stock split will have what effect upon the following items?
