Weighted-average shares of common stock

Assignment Help Financial Accounting

Reference no: EM1314747

Multiple choice questions based on stock valuation.

1. Carter Corporation had net income of $250,000 and paid dividends of $50,000 to common stockholders and $20,000 to preferred stockholders in 2008. Carter Corporation's common stockholders' equity at the beginning and end of 2008 was $870,000 and $1,130,000, respectively. There are 100,000 weighted-average shares of common stock outstanding.

Carter Corporation's earnings per share for 2008 was

a. $2.50.

b. $2.30.

c. $2.00.

d. $1.80.

2. Kim, Inc. issued 5,000 shares of stock at a stated value of $10/share. The total issue of stock sold for $15/share. The journal entry to record this transaction would include a

a. debit to Cash for $50,000.

b. credit to Common Stock for $50,000.

c. credit to Paid-in Capital in Excess of Par Value for $25,000.

d. credit to Common Stock for $75,000.

Reference no: EM1314747

Questions Cloud

What is the magnitude of the net gravitational force : A weightlifter has been given a barbell to lift. One end has a mass of 5.05 kg while the other end has a mass of 5.20 kg. The bar is 0.20 m long. (Consider the bar to be massless, and assume that the masses are thin disks, so that their centers of ma..

Question based on stock valuation : Multiple choice question based on stock valuation - Carter Corporation's return on common stockholders' equity

Price regulation for enrodes : Enrodes is a monopoly provider of residential electricity in a region of northern Michigan. Total demand by its 2 million households is Q4 = 1,000 P and Enrodes can produce electricity at a constant marginal cost of $2 per megawatt hour.

What was the speed of the bullet at impact with block : what is the rate of heat transfer from the plate to the air? If the free stream velocity if the air is doubled and the pressure are increased to 10 atm, what is the rate of heat transfer.

Weighted-average shares of common stock : Weighted-average shares of common stock outstanding and the journal entry to record this transaction

Calculating the socially efficient level of output : Discuss actions the government could take to induce firms in this industry to produce the socially efficient level of output.

What is the average induced emf in inductor during this time : How many joules of kinetic energy does a 750-{rm kg} automobile travelling at the typical highway speed of 65 {rm{ mi/h}} have.

Given number of degrees of freedom : Whenever the calculated value of t is equal to or greater than the tabled value of t, for a given number of degrees of freedom, then

Decision of a risk neutral consumer : How much will this consumer be willing to pay for the product if the firm offering the reliable product includes warranty that will protect the consumer? Explain.

User Account

All Pages