15. MC. 13-088 Sneed Corporation issues 10,000 sh transaction will consist of a

Question

15. MC. 13-088 Sneed Corporation issues 10,000 sh transaction will consist of a debit to Cash for $750,000 and a credit or credits to ares of $s0 par preferred stock for cash at $75 per share a. Preferred Stock for $500,000 and Paid-In Capital in Excess of Par b. Paid-In Capital from Preferred Stock for $750,000 C. Preferred Stock for $s00,000 and Retained Earnings for $250,000 d. Preferred Stock for $750,000 16. . 13-093,ALGO (Algorithmic) The charter of a corporation provides for the issuance of 117,068 shares of common stock. Assume that 38.460 shares were originally issued and 3,313 were subsequently reacquired. What is the amount of cash dividends to paid if a $2-per-share dividend is declared? a. $117,068 b. $3,313 c. $38,460 d. $70,294 17. TE. 14-013 If the market rate of interest is 8% and a corporation's bonds bear interest at 7%, the bonds will sell at a premium True False TF. 14-022 he amount of a bond premium on an i amortization of the premium is $1,416. ssued 1196, four-year, $100,000 bond is $12,928, the semiannual s True

Explanation / Answer

Question Answer Explanation 15 A Par value will be credited to preferred stock and rest to paid in capital (excess of par) 16 d =(38460-3313)*2 17 FALSE Bond will be sold at discount For Q18, Please provide complete question.

Related Questions

Navigate

• Browse (All)
• Browse 1
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.