25) In 2011, Bijoux, Inc. sold 35,000 shares of the 1,500,000 shares of $1 par value common stock it is allowed to sell. The shares sold for $8 each. Bijoux bought back 4,000 shares of its stock at a cost of $6 each. Bijoux declared and paid a $0.20 per share dividend to its common shareholders. Bijoux has no preferred stock.
1.
The number of shares of common stock authorized is:
shares
2.
The number of shares of common stock issued is:
3.
The number of shares of common stock outstanding is:
4.
Total dividends paid for the year ended December 31, 2011 is:
$
5.
Common stock balance at December 31, 2011 is:
6.
Additional paid-in capital balance at December 31, 2011 is:
7.
Treasury stock balance at December 31, 2011 is:
26) Show the effect on the accounting equation for each of the events below.Fill in theamountand theletterof the account title from the list of accounts provided.
A
Additional paid-in capital
D
Dividends
G
Net income
B
Cash
E
Dividends payable
H
Revenue
C
Common stock
F
Interest expense
I
Treasury stock
Shareholders' equity
Assets
Liabilities
Contributed capital
Retained earnings
Company issued 1,000 shares of $1 par value stock for $4 each
Company repurchased 20 shares for $5 each
Company declared a $10,000 dividend to be paid in two months
Company paid the $10,000 dividend from above
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here