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A company has 360,000 shares authorized, 200,000 shares issued, and 100,000 shares outstanding. The par value of its stock is $1 per share. The company does a 2-for-1 stock split. What is the balance in its Common Stock account after the split?

4. Question 4 A company has 360,000 shares authorized, 200,000 shares issued, and 100,000 shares outstanding. The par value of its stock is $1 per share. The company does a…

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A company has 500,000 shares authorized, 100,000 shares issued, and 10,000 shares in Treasury Stock. How many shares are outstanding?

1. Question 1 A company has 500,000 shares authorized, 100,000 shares issued, and 10,000 shares in Treasury Stock. How many shares are outstanding? 1 point     400,000     10,000…

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A company has 360,000 shares authorized, 120,000 shares issued, and 80,000 shares outstanding. It declares cash dividends of $1 per share. How much cash will the company pay for dividends?

3. Question 3 A company has 360,000 shares authorized, 120,000 shares issued, and 80,000 shares outstanding. It declares cash dividends of $1 per share. How much cash will the company…

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On 5/5/2018, a CEO exercised 100 options to buy a company’s stock at the $50 exercise price. The market price of the company’s stock is $60 on that day. A company reissues treasury stock that originally cost $30 per share to provide the shares to the CEO.

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On 1/1/2013, a company grants 1,000 options to its CEO with an exercise price of $60 as compensation. The options vest after three years and expire after 10 years. The stock price is $60 on the grant date. The fair value of the options is $30 per share at the grant date.

6. Question 6 On 1/1/2013, a company grants 1,000 options to its CEO with an exercise price of $60 as compensation. The options vest after three years and expire after…

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In June 2013, a company repurchased 10,000 shares of stock at a price of $10 per share. In July 2013, the company sold 5,000 of those treasury shares for $8 per share. What is the correct journal entry for the July 2013 sale of the treasury shares?

2. Question 2 In June 2013, a company repurchased 10,000 shares of stock at a price of $10 per share. In July 2013, the company sold 5,000 of those treasury…

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Which of the following is true about stock-based compensation? (check all that apply)

10. Question 10 Which of the following is true about stock-based compensation? (check all that apply) 1 / 1 point   Stock-based compensation expense is always reported as part of Selling, General, and…

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A company’s current stock price is $35. Which of the following securities would cause Diluted EPS to be different than Basic EPS? (check all that apply)

9. Question 9 A company’s current stock price is $35. Which of the following securities would cause Diluted EPS to be different than Basic EPS? (check all that apply) 1 / 1 point…

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For the year ended 12/31/2013, a company reported Net Income of $50,000. On 1/1/2013, the company had 10,000 common shares outstanding and 10,000 preferred shares outstanding. The company issued 4,000 common shares on 9/30/2013; thus common shares outstanding was 14,000 for the last three months of 2013. The company paid $1,000 of preferred dividends and $6,000 of common dividends during 2013.

8. Question 8 For the year ended 12/31/2013, a company reported Net Income of $50,000. On 1/1/2013, the company had 10,000 common shares outstanding and 10,000 preferred shares outstanding. The…

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Which of the following is true about Accumulated Other Comprehensive Income (AOCI)? (check all that apply)

5. Question 5 Which of the following is true about Accumulated Other Comprehensive Income (AOCI)? (check all that apply) 1 / 1 point   AOCI is the name used for “Retained Earnings” in…