A company had a beginning balance in retained earnings of

Reference no: EM13581788

1.A company issued 155 shares of $100 par value stock for $35,500 cash. The total amount of contributed capital is:
A   $1,550
B   $20,000
C   $35,500
D   $34,500
E   $100

2.A company had a beginning balance in retained earnings of $43,000. It had net income of $6,000 and paid out cash dividends of $5,625 in the current period. The ending balance in retained earnings account is equal to:
A   $108,625
B   $11,375
C   $(11,375)
D   $(12,625)
E   $43,375

3.The following data regarding its common stock were reported by a corporation:
Authorized shares   30,000
Issued shares   21,000
Treasury shares   4,200

The number of outstanding shares is:
rev:
A   34,200
B   16,800
C   30,000
D   25,800
E   21,000

Reference no: EM13581788

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