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ACCT 2121 SPRING 2019 (HUNTER) CHAPTER 11 IN-CLASS AND HOMEWORK EXERCISES 9. HW11#9: GLOSSARY P. 65 Using your mobile device: Select the group of publicly held going concern corporations actively trading on a stock exchange. A) Duke Energy and Facebook and Goodwill. B) Time Warner and GrubHub and Blockbuster. C) Kroger Company and Mattel and Revlon. D) Home Depot and Salvation Army and Tootsie Roll. 10. HW11#10: RATIO ANALYSIS: Franklin Life Insurance Company reported net income $5,000. cash $15,000, total cash dividends $1.300 (preferred stock of $500 and common stock at $800), net cash from operating activities $7,000, and common shares outstanding at beginning and ending of 2018 of 8,000 and 10,000, respectively. Instructions: Compute Earnings Per Share. A) $0.55 B) $0.45 C) $0.25 D) $0.50 11. HW11#11: RATIO ANALYSIS: Earth Link reported the following data in its 2018 annual report: *Cash Dividend declared on Common Stock $20,000 *Common Stockholders' Equity (2018) $4,200,000: *Common Stockholders' Equity (2017) $3,800,000 *Common Stockholders' Equity (2016) $3,100,000; "Net Income $800,000, and *Preferred Stock Dividends $50,000. Instructions: Calculate the 2018 Payout Ratio and the Return on Common Stockholders' Equity Ratio. A) 8.75% and 18.25% B) 6.25% and 19.50% C) 2.50% and 18.75% D) 2.50% and 19.75% 12. EX1812: COMMON STOCK: The corporate charter of Torres Corporation allows the issuance of a maximum of 4,000,000 shares of Si par value common stock. During its first year of operation, Torres issued 2,080,000 shares at S15 per share. Instructions Based on the above information, answer the following questions: (a) How many shares were authorized? (b) How many shares were issued and outstanding? (c) Prepare the Journal Entry for the issuance of the Common Stock . Dr. Cash $ Cr. Common Stock $ Cr. Paid-in capital excess of Par Value Common Stock S

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