1. A bond with a face value of $200,000 and a quoted price of102 has a selling...

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Question:

1. A bond with a face value of $200,000 and a quoted price of102¼ has a selling price of
a. $240,450.
b. $204,050.
c. $200,450.
d. $204,500.

2. If the market interest rate is greater than the contractualinterest rate, bonds will sell
a. at a premium.
b. at face value.
c. at a discount.
d. only after the stated interest rate is increased.

3. If Vickers Company issues 4,000 shares of $5 par value commonstock for $140,000,
a. Common Stock will be credited for $140,000.
b. Paid-In Capital in Excess of Par will be credited for$20,000.
c. Paid-In Capital in Excess of Par will be credited for$120,000.
d. Cash will be debited for $120,000.

4. Which of the following represents the largest number ofcommon shares?
a. Treasury shares
b. Issued shares
c. Outstanding shares
d. Authorized shares

5. If Keene Company issues 4,500 shares of $5 par value commonstock for $80,000, the account
a. Common Stock will be credited for $22,500.
b. Paid-in Capital in Excess of Par will be credited for$22,500.
c. Paid-in Capital in Excess of Par will be credited for$80,000.
d. Cash will be debited for $57,500.

6. Start Inc. has 5,000 shares of 6%, $100 par value, cumulativepreferred stock and 50,000 shares of $1 par value common stockoutstanding at December 31, 2013. What is the annual dividend onthe preferred stock?
a. $60 per share
b. $30,000 in total
c. $50,000 in total
d. $0.60 per share

7. Arm, Inc., has 10,000 shares of 6%, $100 par value,noncumulative preferred stock and 100,000 shares of $1 par valuecommon stock outstanding at December 31, 2013. If the board ofdirectors declares a $200,000 dividend, the

a. preferred stockholders will receive 1/10th of what the commonstockholders will receive.
b. preferred stockholders will receive the entire$200,000.
c. $60,000 will be held as restricted retained earnings and paidout at some future date.
d. preferred stockholders will receive $60,000 and the commonstockholders will receive $140,000.

PLEASE HELP FAST AND ALL IN ACCOUNTING. I WILL RATE 5 STARS