1.Stockholders' equity consists of:
A Contributed capital and par value.
B Premiums and discounts.
C Contributed capital and retained earnings.
D Retained earnings and cash.
E Long-term assets.
2.The following data has been collected about a company's stockholders' equity accounts:
Common stock $10 par value 30,000 shares authorized and 23,000 shares issued $230,000
Contribution capital in excess of par value,common stock Retained earnings 115,000
57,500
Treasury stock,2,300 shares 37,950
The treasury shares were all purchased at the same price. The cost per share of the treasury stock is:
rev:
A $1.83
B $8.50
C $10
D $16.50
E $1.65
3.A company's board of directors votes to declare a cash dividend of $.75 per share. The company has 20,000 shares authorized, 8,000 issued, and 16,200 shares outstanding. The total amount of the cash dividend is:
A $12,150
B $13,500
C $15,000
D $1,350
E $2,850