ACC 304 help A Guide to career/Snaptutorial ACC 304 help A Guide to career/Snaptutorial | Page 11

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
Outstanding shares, 12/31/15 180,000
Preferred dividends for the year ended 2015 15,000
What is the book value per share for Layne Corporation for the year
ended 2015?
25) The pre-emptive right of a common stockholder is the right to
ACC 304 Final Exam Part 1 (3 Sets)
1) Swing High Inc. offers its 100 employees to participate in an
employee share-purchase plan. Under the terms of plan, employees
are entitled to purchase 10 shares at 10% discount. The par values of
shares were $10. Overall, 60 employees accepted the offer and each
employee purchased six shares. The market price on purchase date
was $100.