Question 11. 11.A corporation has 50,000 shares of $100 par value stock outstanding that has a current market value of $180. If the corporation issues a 4-for-1 stock split, the market value of the stock will fall to approximately _______.(Points : 2) $30 $36 $45 $50
Question 12. 12.When the contract rate of interest on bonds is less than the market rate of interest, the bonds sell at(Points : 2) a premium their face value their maturity value. a discountQuestion
13. 13.A company sold 200 shares of common stock with a par value of $5 at a price of $13 per share. What is the effect on the accounts of this transaction?(Points : 2) Increase cash $2,600; increase retained earnings $2,600 Increase cash $1,000; increase common stock $1,000 Increase cash $2,600; increase common stock $1,000 and increase paid-in capital $1,600 Increase cash $2,600; increase common stock $1,600 and increase paid-in capital $1,000
Question 14. 14.Which of the following accounts is reported in the noncurrent liabilities section of the corporate balance sheet?(Points : 2) Bonds Payable Common Stock Dividends Payable CashQuestion
15. 15.A company sold 200 shares of common stock with a par value of $5 at a price of $12 per share. Which section of the statement of cash flows will contain this transaction?(Points : 2) Operating activities Investing activities Financing activities Sale of stock will not appear on the statement of cash flows
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