The following data is available for Blaine Corporation at December 31, 2015: Common stock, par...

90.2K

Verified Solution

Question

Accounting

imageimage

The following data is available for Blaine Corporation at December 31, 2015: Common stock, par $10 (authorized 30,000 shares) $250,000 Treasury Stock (at cost $15 per share) $ 900 Based on the data, how many shares of common stock have been issued? 24,940 29,940 30,000 25,000 Question 15 1 pts Evergreen Manufacturing Corporation purchased 5,000 shares of its own previously issued $10 par common stock for $115,000. As a result of this event, Evergreen's total stockholders' equity decreased $115,000 All of these answers are correct. Evergreen's Common Stock account decreased $50,000. Evergreen's Paid-in Capital in Excess of Par account decreased $65,000. Question 16 1 pts Which of the following is not a significant date with respect to dividends? The declaration date The record date The incorporation date The payment date Question 17 1 pts A stockholder who receives a stock dividend would expect the market price per share to increase. expect retained earnings to increase. own more shares of stock. expect the par value of the stock to change

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students