68.Refer to the information above. The book value per share of common stock is:
A. $7.90.
B. $13.17.
C. $9.10.
D. $15.17.
69.Refer to the information above. The balance in Retained Earnings at the beginning of the year was $950,000, and there were no dividends in arrears. Net income for 2015 was $980,000. What was the amount of dividend declared on each share of common stock during 2015?
A. $2.50.
B. $2.08.
C. $2.00.
D. $2.68.
70.Refer to the information above. The average issue price per share of the preferred stock was:
A. $150.
B. $165.
C. $180.
D. $195.
71.Refer to the information above. What was the average issue price per share of common stock?
A. $2.75 per share
B. $1.25 per share
C. $1.50 per share
D. $3.75 per share
72.Refer to the information above. How many shares of common stock are outstanding?
A. 600,000 shares.
B. 606,000 shares.
C. 594,000 shares.
D. 1,000,000 shares.
73.Refer to the information above. If Brookdale Corporation had reacquired 7,000 shares of treasury stock early in 2015, and this was the company's only treasury stock transaction, then some treasury stock must have been sold during 2015 for:
A. $32 per share.
B. $38 per share.
C. $27 per share.
D. $6 per share.
74.Assuming there is no preferred stock, book value per share of common stock is derived by which of the following:
A. Stockholders' equity divided by the number of shares authorized.
B. Stockholders' equity divided by the number of shares outstanding.
C. Net income divided by the number of shares outstanding.
D. Net income divided by the number of shares authorized.
75.The net assets of a corporation are equal to:
A. Total assets - total liabilities.
B. Total assets - retained earnings.
C. Total assets + total liabilities.
D. Total assets + retained earnings.
76.Coronet Corp. has total stockholders' equity of $7,400,000. The company's outstanding capital stock includes 100,000 shares of $10 par value common stock and 20,000 shares of 6%, $100 par value preferred stock. (No dividends are in arrears.) The book value per share of common stock is:
A. $39.
B. $49.
C. $54.
D. $74.
77.Marks Corporation has total stockholders' equity of $7,400,000. The company has outstanding 300,000 shares of $1 par value common stock and 20,000 shares of 8% preferred stock, $100 par value. (No dividends are in arrears.) The book value per share of common stock is:
A. $9.00.
B. $24.06.
C. $24.66.
D. $18.00.