第十二章单元测试
The Discount on Common Stock account reflects:（ ）
- A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and paid out cash dividends of $56,250 in the current period. The ending balance in retained earnings equals:（ ）
- A corporation sold 14,000 shares of its $1 par value common stock at a cash price of $13 per share. The entry to record this transaction would include:（ ）
- A corporation issued 6,000 shares of its $2 par value common stock in exchange for land that has a market value of $84,000. The entry to record this transaction would include:（ ）
- All of the following statements regarding stock dividends are true except:（ ）
A:The difference between the par value of the stock and the amount paid-in by stockholders when the amount paid-in is more than par value.
答案:An amount of assets defined by state law that stockholders must invest and leave invested in a corporation.
A:$433,750. B:$546,250. C:$116,250. D:$490,000.
A:A credit to Common Stock for $14,000. B:A debit to Paid-in Capital in Excess of Par Value, Common Stock for $182,000. C:A debit to Cash for $14,000. D:A credit to Paid-in Capital in Excess of Par Value, Common Stock for $196,000.
A:A debit to Land for $12,000. B:A credit to Common Stock for $84,000. C:A debit to Common Stock for $12,000. D:A credit to Paid-in Capital in Excess of Par Value, Common Stock for $72,000.
A:Directors can use stock dividends to keep the market price of the stock affordable. B:Stock dividends transfer a portion of equity from retained earnings to contributed capital. C:Stock dividends decrease the number of shares outstanding. D:Stock dividends provide evidence of management's confidence that the company is doing well.
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