Wondering if
New member
0. Wynola, Inc. issued 1,000 shares of common stock at $10 per share. If the stock has a par value of $4 per share, the journal entry to record the issuance would include a:
debit to Retained Earnings for $6,000.
credit to Paid-in Capital for $10,000.
credit to Common Stock for $4,000.
debit to Cash for $4,000.
1.Which of the following will increase the paid-in capital section of the balance sheet?
Cash dividend
Property dividend
Stock dividend
Stock split
i think stock dividend?
2. Dehesa, Inc. has 8,000 shares of 5%, $50 par, cumulative preferred stock and 50,000 shares of $3 par common stock outstanding. No dividends were declared last year; however, the board of directors declares and pays a $50,000 dividend this year. What amount of the total dividend was paid to common stockholders?
$50,000
$30,000
$10,000
$15,000
i got 30,000 but not sure.
3. Ramona, Inc. has 2,000 shares of 5%, $100 par, cumulative preferred stock and 80,000 shares of $4 par common stock outstanding. Last year the board of directors declared and paid an $8,000 dividend. This year the dividend declared and paid was $15,000. What amount of this year's total dividend was paid to preferred stockholders?
$12,000
$15,000
$10,000
$0
12000?
4. Which of the following does not affect retained earnings?
Net Income
Dividends
Net Loss
Additional investment by stockholders
i'm pretty sure it's NOT dividends.
5. Alice's 13th Street restaurant issued 10,000 of $1 par value common stock for $5 per share. The journal entry to record this transaction would include:
a debit of $50,000 to common stock.
a credit of $10,000 to common stock.
a credit of $50,000 to common stock.
a debit of $10,000 to common stock.
debit to Retained Earnings for $6,000.
credit to Paid-in Capital for $10,000.
credit to Common Stock for $4,000.
debit to Cash for $4,000.
1.Which of the following will increase the paid-in capital section of the balance sheet?
Cash dividend
Property dividend
Stock dividend
Stock split
i think stock dividend?
2. Dehesa, Inc. has 8,000 shares of 5%, $50 par, cumulative preferred stock and 50,000 shares of $3 par common stock outstanding. No dividends were declared last year; however, the board of directors declares and pays a $50,000 dividend this year. What amount of the total dividend was paid to common stockholders?
$50,000
$30,000
$10,000
$15,000
i got 30,000 but not sure.
3. Ramona, Inc. has 2,000 shares of 5%, $100 par, cumulative preferred stock and 80,000 shares of $4 par common stock outstanding. Last year the board of directors declared and paid an $8,000 dividend. This year the dividend declared and paid was $15,000. What amount of this year's total dividend was paid to preferred stockholders?
$12,000
$15,000
$10,000
$0
12000?
4. Which of the following does not affect retained earnings?
Net Income
Dividends
Net Loss
Additional investment by stockholders
i'm pretty sure it's NOT dividends.
5. Alice's 13th Street restaurant issued 10,000 of $1 par value common stock for $5 per share. The journal entry to record this transaction would include:
a debit of $50,000 to common stock.
a credit of $10,000 to common stock.
a credit of $50,000 to common stock.
a debit of $10,000 to common stock.