95.Refer to the information above. What was the original cost of the treasury stock to Caesar Corporation?
A. $5 per share.
B. $7 per share.
C. $8 per share.
D. Cannot be determined.
96.Refer to the information above. What was the average issue price per share of preferred stock?
A. $100.
B. $110.
C. $115.
D. $5.
97.Refer to the information above. How many shares of common stock are outstanding?
A. 100,000.
B. 95,000.
C. 75,000.
D. 70,000.
98.Refer to the information above. A small stock dividend of 1,000 shares was declared and distributed during 2015. What was the market price per share on the date of declaration?
A. $8.00 per share.
B. $2 per share.
C. $16 per share.
D. $28.00 per share.
99.Refer to the information above. If Caesar Corporation had reacquired 7,000 shares of treasury stock early in 2015, then some treasury stock must have been sold during 2015 for:
A. $8 per share.
B. $12.00 per share.
C. $1.50 per share.
D. $5 per share.
100.Refer to the information above. Assume that all remaining treasury stock is reissued at a price of $14 per share in January of 2016. What amount should be credited to the account Additional Paid-In Capital: Treasury Stock Transactions in the journal entry to record this transaction?
A. $14,000.
B. $30,000.
C. $40,000.
D. $70,000.
101.Refer to the information above. What was the average issue price per share of preferred stock?
A. $100.00.
B. $125.71.
C. $175.50.
D. $300.00.
102.Refer to the information above. How many shares of common stock are outstanding?
A. 100,000.
B. 80,000.
C. 75,000.
D. 110,000.
103.A restriction of retained earnings:
A. Reduces the dollar amount of retained earnings shown in the balance sheet.
B. Appears in the statement of retained earnings as a reduction of ending retained earnings.
C. Appears in the liability section of the balance sheet.
D. Limits the dollar amount of dividends a corporation may declare.
104.A company failed to make an adjusting entry in the prior year to accrue earned revenue. To correct this they should:
A. Correct last year's statement by increasing net income.
B. Correct this year's statements with a prior period adjustment increasing beginning retained earnings.
C. Correct this year's statements with a prior period adjustment decreasing beginning retained earnings.
D. Correct this year's statements with a prior period adjustment increasing ending retained earnings.