Selected:

Triad’s total stockholders’ equity was

$15.99

$15.99

Triad’s total stockholders’ equity was 1. If preferred stock is cumulative, the a. preferred dividends not declared in a given year are called dividends in arrears. b. preferred shareholders and the common shareholders receive equal dividends. c. preferred shareholders and the common shareholders receive the same total dollar amount of dividends. d. common shareholders will share in the preferred dividends. 2. The Nice Corporation issues 10,000 shares of $100 par value preferred stock for cash at $110 per share. The entry to record the transaction will consist of a debit to Cash for $1,100,000 and a credit or credits to a. Preferred Stock for $1,100,000. b. Paid-in Capital from Preferred Stock for $1,100,000. c. Preferred Stock for $1,000,000 and Retained Earnings for $100,000. d. Preferred Stock for $1,000,000 and Paid-in Capital in Excess of Par Value—Preferred Stock for $100,000. Use the following information for questions 3–5. Triad Corporation’s December 31, 2008 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 10,000 shares authorized; 5,000 shares issued $ 100,000 Common stock, $10 par value, 1,000,000 shares authorized; 650,000 shares issued, 640,000 shares outstanding 6,500,000 Paid-in capital in excess of par value—preferred stock 20,000 Paid-in capital in excess of par value—common stock 9,000,000 Retained earnings 2,500,000 Treasury stock (10,000 shares) 210,000 3. Triad declared and paid a $25,000 cash dividend on December 15, 2008. If the company’s dividends in arrears prior to that date were $6,000, Triad’s common stockholders received a. $19,000. b. $9,000. c. $11,000. d. no dividend. 4. Triad’s total paid-in capital was a. $15,620,000. b. $15,830,000. c. $15,410,000. d. $9,020,000. 5. Triad’s total stockholders’ equity was a. $18,380,000. b. $15,620,000. c. $18,170,000. d. $17,910,000. Business Management Assignment Help, Business Management Homework help, Business Management Study Help, Business Management Course Help

Triad’s total stockholders’ equity was

Reviews

There are no reviews yet.

Be the first to review “Triad’s total stockholders’ equity was”

Your email address will not be published. Required fields are marked *

Close Menu
×
×

Cart