119.
The entry to record a large stock dividend would include a:
120.
The issuer of a 5% common stock dividend (small stock dividend) to common stockholders
should credit common stock for an amount equal to the
121.
A feature common to both stock splits and stock dividends is
122.
Large stock dividends and stock splits are issued primarily to:
123.
The Common Stock account on a company’s balance sheet is measured as:
124.
The stockholders’ equity section in the balance sheet shows:
125.
The statement of stockholders’ equity shows:
126.
The statement of stockholders’ equity shows:
127.
How does the stockholders’ equity section in the balance sheet differ from the statement
of stockholders’ equity?
128.
Clothing Emporium was organized on January 1, 2018. The firm was authorized to issue
100,000 shares of $5 par value common stock. During 2018, Clothing Emporium had the
following transactions relating to shareholders’ equity:
Issued 30,000 shares of common stock at $7 per share.
Issued 20,000 shares of common stock at $8 per share.
Reported a net income of $100,000.
Paid dividends of $50,000.
What is the total stockholders’ equity at the end of 2018?
129.
Clothing Emporium was organized on January 1, 2018. The firm was authorized to issue
100,000 shares of $5 par value common stock. During 2018, Clothing Emporium had the
following transactions relating to shareholders’ equity:
Issued 30,000 shares of common stock at $7 per share.
Issued 20,000 shares of common stock at $8 per share.
Reported a net income of $100,000.
Paid dividends of $50,000.
What is the ending balance in the Retained Earnings account at the end of 2018?
130.
Clothing Emporium was organized on January 1, 2018. The firm was authorized to issue
100,000 shares of $5 par value common stock. During 2018, Clothing Emporium had the
following transactions relating to shareholders’ equity:
Issued 30,000 shares of common stock at $7 per share.
Issued 20,000 shares of common stock at $8 per share.
Reported a net income of $100,000.
Paid dividends of $50,000.
What is the total amount recorded in the Common Stock account at the end of 2018?
131.
Clothing Emporium was organized on January 1, 2018. The firm was authorized to issue
100,000 shares of $5 par value common stock. During 2018, Clothing Emporium had the
following transactions relating to shareholders’ equity:
Issued 30,000 shares of common stock at $7 per share.
Issued 20,000 shares of common stock at $8 per share.
Reported a net income of $100,000.
Paid dividends of $50,000.
What is total paid-in capital at the end of 2018?
132.
Roberto Designers was organized on January 1, 2018. The firm was authorized to issue
100,000 shares of $5 par value common stock. During 2018, Roberto had the following
transactions relating to stockholders’ equity:
Issued 10,000 shares of common stock at $7 per share.
Issued 20,000 shares of common stock at $8 per share.
Reported a net income of $100,000.
Paid dividends of $50,000.
Purchased 3,000 shares of treasury stock at $10 (part of the 20,000 shares issued at $8).
What is total stockholders’ equity at the end of 2018?
133.
Roberto Designers was organized on January 1, 2018. The firm was authorized to issue
100,000 shares of $5 par value common stock. During 2018, Roberto had the following
transactions relating to stockholders’ equity:
Issued 10,000 shares of common stock at $7 per share.
Issued 20,000 shares of common stock at $8 per share.
Reported a net income of $100,000.
Paid dividends of $50,000.
Purchased 3,000 shares of treasury stock at $10 (part of the 20,000 shares issued at $8).
What is the balance in the Treasury Stock account at the end of 2018?
134.
The balance sheet of California Clothing reports total equity of $600,000 and $700,000 at
the beginning and end of the year, respectively. Net income and sales for the year are
$65,000 and $1,300,000, respectively. What is California Clothing’s return on equity?
135.
California Clothing reports net income and sales for the year of $65,000 and $1,300,000,
respectively. Return on equity is 10%. What is California Clothing’s average Stockholders’
Equity for the year?
136.
The balance sheet of Sand Sportswear reports total equity of $500,000 and $650,000 at
the beginning and end of the year, respectively. The return on equity for the year is 20%.
What is Sand Sportswear’s net income for the year?
137.
Dividend Yield is calculated as:
138.
Beach Boards reports dividends per share of $1.40 and net income for the year of
$150,000. The current stock price is $40.00. What is Beach Boards’ dividend yield?
139.
Beach Boards reports dividends per share of $1.40 and net income for the year of
$150,000. Dividend yield is 3.5%. What is Beach Boards’ current stock price?
140.
Financial information for Accessories Unlimited includes the following selected data:
Dividends (in millions)
$75
Shares outstanding (in millions)
300
Stock price
$20.00
What is the company’s dividend yield?
141.
Financial information for Accessories Unlimited includes the following selected data:
Net income (in millions)
$150
Shares outstanding (in millions)
300
Stock price
$20.00
What is the company’s earnings per share?
142.
Financial information for Accessories Unlimited includes the following selected data:
Net income (in millions)
$150
Shares outstanding (in millions)
300
Stock price
$20.00
What is the company’s price-earnings ratio?
143.
Return on equity is calculated as:
144.
Why doesn’t stockholders’ equity equal the market value of equity?
145.
Earnings per share (EPS)
146.
Which of the following statements is
not
true regarding earnings per share?
147.
Financial information for Retro Designs includes the following selected data:
Net income (in millions)
$175
Preferred stock dividends (in
millions)
$25
Common shares outstanding (in
millions)
250
Stock price
$10.00
What is the company’s earnings per share?
148.
Financial information for Retro Designs includes the following selected data:
Net income (in millions)
$175
Preferred stock dividends (in
millions)
$25
Common shares outstanding (in
millions)
250
Stock price
$10.00
What is the company’s price-earnings ratio?
10–80
149.
The PE ratio:
Matching Questions