6. Which of the following would not be a cash flow from financing activities? a. Collection of a cash dividend. b. Repayment of principal on a long-term note payable. c. Issuance of common stock for cash. d. Borrowing cash on a long-term note payable. Looking for a Similar Assignment? Order now and Get 10% Discount! […]
C Corporation has two classes of stock outstanding: • 10,000 shares of $30 par value, 6% noncumulative preferred stock • 88,000 shares of $1 par value, common stock. In 2013 the company paid out $36,000 in total cash dividends to all stockholders. In 2012, the yield on common stock was 2%. What total cash dividends […]
On January 1, 2010, Broker Corp. issued $3,000,000 par value 12%, 10 year bonds which pay interest semiannually each June 30 and December 31. If the market rate of interest at issuance was 8%, what was the issue price of the bonds? a. $3,815,420 b. $2,311,805 c. $3,000,000 d. $3,339,084 Looking for a Similar […]
A company reported total stockholders’ equity of $340,000 on its balance sheet dated December 31, 2015. During the year ended December 31, 2016, the company reported net income of $40,000, declared and paid a cash dividend of $8,000, declared and distributed a 10% stock dividend with a $10,000 total market value, purchased treasury stock costing […]
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