21.Library, Inc. has 2,500 shares of 496, $50 par value, cumulative preferred stock and shares of $1 par value common stock outstanding at December 31,01 50,000 ber 2016, and Decem 31, 2017. The board of directors declared and paid a $4,000 dividend in $15,000 of dividends are declared and paid. What are the dividend preferred and common shareholders in 2017? In 2017 s received by the referre ommo a. $9,000 b. $7.500 C. $6,000 d. $5,000 $7,500 $9,000 $10,000 Township, Inc. has 10,000 shares of 5%, $100 par value, noncumulative preferred stock and 100,000 shares of $1 par value common stock outstanding at December 31, 2016, and December 31, 2017. The board of directors declared and paid a $50,000 dividend in 2016. In 2017, $110,000 of dividends are declared and paid. What are the dividends received by the preferred and common shareholders in 2017? Preferred b. $50,000 c. $55,000 d. $70,000 ommon $110,000 $60,000 $55,000 $40,000 The declaration of a stock dividend will a. increase paid-in capital b. change the total of stockholders' equity. c. increase total liabilities d. increase total assets. 23. On January 1, Collins Corporation had 800,000 shares of $10 par value common stock outstandin the stock was $15/share. As a result of this event a. Collins' Paid-in Capital in Excess of Par account increased $600,000 b. Collins' total stockholders' equity was unaffected. c. Collins' Stock Dividends account increased $1,800,000. d. All of the above. 24. g On March 31, the company declared a 15% stock dividend. Market value of 25. Moore, Inc. had 250,000 shares of common stock outstanding before a stock split occurred, and 750,000 shares outstanding after the stock split. The stock split was a. 2-for-5 b. 5-for-1 c. 1-for-5 d. 3-for-1.
View less »