The par value of stock is the current selling price of stock the amount assigned

Question

The par value of stock is the current selling price of stock the amount assigned by a company to a share of it s stock the highest price for which a share can sell the price paid if the corporation purchases its own stock back The two basic sources of stockholders equity are paid in capital and retained earning common stock and preferred stock common stock and boads The retained earnings of a corporation is externally generated equity that is contributed by shareholders internally generated equity that is received from employee stock purchases externally generated equity that is acquired from banks and other creditors Overton, Inc, had the following transactions in 2017, its first year of operations: Issued 15,000 shares of common stock, Stock has per value of $0.01 per share and was issued at $39,00 per share. Earned net income of $300,000 paid dividends of $15.00 per share. At the end of 2017, what is total stockholders equity? $660,000 $1,110,000 $585,000 $75,000 On December 2, 2017 Ewell, inc purchases land. In payment for the land, Ewell, Inc. issue 10,000 shares of common stock with $8 per value. The land has been appraised at a market value of $490,000 which of the following is included in the journal entry to record this transaction? Debit Common Stock - $8 Par Value for $80,000 and debit Paid In Capital in Excess of Par The following information is from the December 31, 2017 balance sheet of Tudor corporation. What was the total paid in capital as a December 31, 2017? $888,000 $909,000 $686,000 $992,900

Explanation / Answer

35 The Par Value of the stock is The amount assigned by a company to a share of its stocl 36 The tow masic soyrce of stock holder equity are Common Stock And Retained earnnings 37 The Retained earnning of a coperation is Internally generated eqity that is earned by profitable operation that is not distributed to stock holder 38 At the end of 2017 What is the stockhilder equity =15000*39+300000-(15000*15) =660000 39 C Credit Common stock- 8 par value and credit paid in excess of par common 4100000 40 370000+21000+202000+316000 Answer is B 909000

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