Reference no: EM132826470
Problem 1: A company would repurchase its own stock for all of the following reasons except
a. it wishes to improve the company's financial ratios.
b. it wishes to prevent unwanted takeover attempts.
c. it wishes to make an investment in its own stock.
d. it needs the stock for employee bonuses.
Problem 2: Which of the following should be considered when a company decides to declare a cash dividend on common stock?
a. The retained earnings balance only
b. The amount of authorized shares of common stock
c. The book value of the company's stock
d. The cash available and the retained earnings balance
Problem 3: Abilene Western Shop began business on January 1, 2017. The corporate charter authorized issuance of 10,000 shares of $2 par value common stock and 4,000 shares of $8 par value, 6% cumulative preferred stock. Abilene issued 2,400 shares of common stock for cash at $20 per share on January 2, 2017. What effect does the entry to record the issuance of stock have on total stockholders' equity?
a. Decrease of $4,800
b. Increase of $4,800
c. Increase of $48,000
d. Decrease of $48,000
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What the entry to record the issuance of the shares on may
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What comes first organizational change or change in people
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What effect does the entry to record the issuance of stock
: Abilene Western Shop began business on January 1, 2017. What effect does the entry to record the issuance of stock have on total stockholders' equity?
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Prepare the first-year journal entries for the bond issue
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What is the amount of the ending capital balance
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