MCQs

Section B. Answer ALL Questions (50 marks) 1. Bellezone Corporation's December 31, 2017 balance sheet showed the following: 8% preferred stock, $20 par value, cumulative, 20,000 shares authorized; 17,000 shares issued $340,000 Common stock, $10 par value, 2,000,000 shares authorized 1,900,000 shares issued, 1,880,000 shares outstanding 19,000,000 Paid-in capital in excess of par pre Paid-in capital in excess of par-common stock Retained earnings Treasury stock (20,000 shares) eferred stock 68,000 27,000,000 7,500,000 630,00 Bellezone's total stockholders' equity was a. S53,338,000 b. $93,380,000 c. $54,538,000 d. $53,278,000 2.Each of the following is reported for common stock except the a. par value b. shares issued. c. shares outstanding. d. liquidation value