Corporations

How would you record the repurchase of 1,000 shares of $2 par stock at $12 per share?

If there is not enough in the PIC from Treasury account to cover a shortfall, we debit?

How many shares does this company have outstanding?

If $5 par common stock account has a balance of $1,200,000, how many shares were issued?

If the company has 10,000 shares of $100 par value, 8% preferred, what is the dividend right?

If a company declared $50,000 in cash dividends, what entry would they record?

We sold 500 treasury shares costing $15 for $10, the debit to PIC from Treasury would be

What is the maximum per share dividend this company can declare?

The amount of a dividend declared cannot exceed the balance in

If we sold 500 treasury shares costing $10 for $15 per share, the PIC from Treasury balance is?

How much cash did the company receive in total from issuing stock?

What would be the balance in Treasury Stock if the company sold 30% for $15 per share?

Declared a 15% stock dividend on10,000 outstanding, $1 par, market price of $15 per share.