Question: please answer all three questions. if not leave it to so eone else. i need all of them thanks. 5 A company's board of directors


5 A company's board of directors votes to declare a cash dividend of $1.60 per share of common stock. The company has 32,000 shares authorized, 27,000 issued, and 26,500 shares outstanding. The total amount of the cash dividend is: 00:43:52 Multiple Choice O $43,200 0 $50,200 $42,400 $51,200. $85,600 On September 1, Ziegler Corporation had 68,000 shares of $5 par value common stock, and $204,000 of retained earnings. On that date, when the market price of the stock is $15 per share, the corporation issues a 2-for-1 stock split. The general journal entry to record this transaction is: 0:43:37 Multiple Choice O Debit Retained Earnings $1,020,000; credit Common Stock Split Distributable $1,020,000. O Debit Retained Earnings $1,020,000; credit Common Stock $1,020,000. Debit Retained Earnings $340,000; credit Common Stock $340,000 Debit Retained Earnings $340,000; credit Stock Split Payable $340,000. No entry is made for this transaction, 7. A corporation declared and issued a 25% stock dividend on October 1. The following information was available immediately prior to the dividend: Retained earnings Shares issued and outstanding Market value per share Par value per share $820,000 67,000 $22 $5 00:42:30 The amount that contributed capital will increase (decrease) as a result of recording this stock dividend is: Multiple Choice $(368,500) $368,500. $83,750. $0 $(83,750)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
