A corporation has the following account balances: Common Stock, $1 par value, $60,000; Paid-in Capital in Excess of Par, $1,300,000.Based on this information, the
A) legal capital is $1,360,000.
B) number of shares issued are 60,000.
C) number of shares outstanding are 1,360,000.
D) average price per share issued is $22.50.
Correct Answer:
Verified
Q1: A corporation is not an entity that
Q2: Dividends in arrears on cumulative preferred stock
Q3: Retained earnings that are restricted are unavailable
Q4: A stock dividend results in an increase
Q5: A corporate board of directors does not
Q7: Carson Packaging Corporation began business in 2021
Q8: If preferred stock is cumulative, the
A)preferred dividends
Q9: Treasury stock is
A)stock issued by the U.S.Treasury
Q10: Dividends Payable is classified as a
A)long-term liability.
B)contra
Q11: Crawl Inc.has 1,000 shares of 6%, $50
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents