Questions from General Accounting

Q: The balance sheet caption for common stock is the following:

The balance sheet caption for common stock is the following: Common stock without par value, 2,000,000 shares authorized, 400,000 shares issued, and 360,000 shares outstanding . . . . . . . . . . . ....

Q: Calculate the annual cash dividends required to be paid for each of

Calculate the annual cash dividends required to be paid for each of the following preferred stock issues: Required: a. $3.75 cumulative preferred, no par value; 200,000 shares authorized, 161,522 sha...

Q: Calculate the cash dividends required to be paid for each of the

Calculate the cash dividends required to be paid for each of the following preferred stock issues: Required: a. The semiannual dividend on 6% cumulative preferred, $50 par value, 30,000 shares author...

Q: Qamar, Inc., did not pay dividends in 2009 or 2010

Qamar, Inc., did not pay dividends in 2009 or 2010, even though 50,000 shares of its 6.5%, $50 par value cumulative preferred stock were outstanding during those years. The company has 800,000 shares...

Q: Blanker, Inc., has paid a regular quarterly cash dividend of

Blanker, Inc., has paid a regular quarterly cash dividend of $0.50 per share for several years. The common stock is publicly traded. On February 21 of the current year, Blanker’s board of directors de...

Q: Under what circumstances would you (as an investor) prefer to

Under what circumstances would you (as an investor) prefer to receive cash dividends rather than stock dividends? Under what circumstances would you prefer stock dividends to cash dividends?

Q: Indicate the effect of each of the following transactions on total assets

Indicate the effect of each of the following transactions on total assets, total liabilities, and total owners’ equity. Use for increase, â...

Q: Assume that you own 3,000 shares of Blueco, Inc

Assume that you own 3,000 shares of Blueco, Inc.’s, common stock and that you currently receive cash dividends of $.42 per share per year. Required: a. If Blueco, Inc., declared a 5% stock dividend,...

Q: Allyn, Inc., has the following owners’ equity section in its

Allyn, Inc., has the following owners’ equity section in its November 30, 2010, balance sheet: Paid-in capital: 12% preferred stock, $60 par value, 1,500 shares authorized, issued, and outstanding ....

Q: Homestead Oil Corp. was incorporated on January 1, 2010,

Homestead Oil Corp. was incorporated on January 1, 2010, and issued the following stock for cash: 800,000 shares of no-par common stock were authorized; 150,000 shares were issued on January 1, 2010,...