Question 10 1 pts Common Stock Dividends Distributable is classified as a(n) asset account. O...
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Question 10 1 pts Common Stock Dividends Distributable is classified as a(n) asset account. O expense account. liability account. stockholders' equity account. Question 11 1 pts The per share amount normally assigned by the board of directors to a small stock dividend is zero. the par or stated value of the stock. the market value of the stock on the date of declaration. the average price paid by stockholders on outstanding shares. Seven thousand shares of treasury stock of Marker, Inc., previously acquired at $14 per share, are sold at $20 per share. The entry to record this transaction will include a debit to Treasury Stock for $98,000. credit to Paid-In Capital from Treasury Stock for $42,000. debit to Paid-In Capital from Treasury Stock for $42,000 credit to Treasury Stock for $140,000. Question 13 1 pts The following data is available for Blaine Corporation at December 31, 2015: Common stock, par $10 (authorized 30,000 shares) $250,000 Treasury Stock (at cost $15 per share) 900 Based on the data, how many shares of common stock are outstanding? 30,000 24,940 29,940 25,000
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