题目内容

Bloom Corporation issued 20,000 shares of common stock. Bloom purchased 2,000 shares and later reissued 1,000 shares. How many shares are issued and outstanding?

A. 18,000 issued and 18,000 outstanding
B. 20,000 issued and 18,000 outstanding
C. 19,000 issued and 19,000 outstanding
D. 20,000 issued and 19,000 outstanding

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How does the declaration of a cash dividend affect the accounting equation?

A. increase to Liabilities and a decrease to Stockholders' Equity.
B. increase to Liabilities and a decrease to Assets.
C. increase to Assets and a decrease to Liabilities.
D. increase to Stockholders' Equity and a decrease to Assets.

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Which of the following is a right of a stockholder?

A. Voting
B. Preemption
C. Dividends
D. All of the above.

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Which of the following is part of stockholders’ equity?

A. Paid-in capital
B. Retained earnings
C. Both a and b
D. None of the above

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Troy Corporation issued 50,000 shares of $1 par common stock at a price of $5 per share. On June 1, Troy purchased 2,000 shares of its own stock at a cost of $7 per share. On December 1, Troy resold all the shares for $8 each. The entry on December 1 would include which of these?

A. Credit to Paid-in Capital from Treasury Stock Transactions, $2,000
B. Credit to Treasury Stock, $14,000
C. Gain on the Sale of Treasury Stock, $2,000
D. Both A and B.

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Bloom Corporation issued 20,000 shares of common stock. Bloom purchased 2,000 shares and later reissued 1,000 shares. How many shares are issued and outstanding?

A. 18,000 issued and 18,000 outstanding B. 20,000 issued and 18,000 outstanding C. 19,000 issued and 19,000 outstanding D. 20,000 issued and 19,000 outstanding

How does the declaration of a cash dividend affect the accounting equation?

Which of the following is a right of a stockholder?

Which of the following is part of stockholders’ equity?

Troy Corporation issued 50,000 shares of $1 par common stock at a price of $5 per share. On June 1, Troy purchased 2,000 shares of its own stock at a cost of $7 per share. On December 1, Troy resold all the shares for $8 each. The entry on December 1 would include which of these?

A. 18,000 issued and 18,000 outstanding
B. 20,000 issued and 18,000 outstanding
C. 19,000 issued and 19,000 outstanding
D. 20,000 issued and 19,000 outstanding