ACC 304 All Assignments ACC 304 All Assignments | Page 15

Common stockholders' equity, 12/31/15
1,200,000
Outstanding shares, 12/31/15 100,000
Preferred dividends for the year ended 2015 10,000
What is the rate of return on common stock equity for Sealy
Corporation for the year ended 2015?
22) An entry is not made on the
23) The issuer of a 5% common stock dividend to common
stockholders should transfer from retained earnings to paid-in capital
an amount equal to the
24) Layne Corporation had the following information in its financial
statements for the years ended 2014 and 2015:
Cash dividends for the year 2015
$10,000
Net income for the year ended 2015 83,000
Market price of stock, 12/31/14 10
Market price of stock, 12/31/15 12
Common stockholders' equity, 12/31/14 1,600,000
Common stockholders' equity, 12/31/15 1,980,000