assignment 11. chapter homework

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Chapter 11 Homework Assignment

Financial accounting (acc 111), delaware county community college, recommended for you, students also viewed.

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No Transaction General Journal Debit Credit 1 a. Cash Common stock, par value 2 b. Cash Common stock, par value 1. capital in excess of par value, common stock No Date General Journal Debit Credit 1 July 15 Retained earnings Common dividend payable 2 August 15 No journal entry required 3 August 31 Common dividend payable Cash 2. Epic Company earned net income of this year. There were common shares outstanding, and preferred shareholders received a cash dividend. Compute Epic basic earnings per share. Basic Earnings Per Share Choose Numerator: Choose Denominator: Basic EPS Net income Preferred dividends common shares outstanding Basic EPS 2 per 3. share The number of shares that a charter allows it to sell is referred to as: Multiple Choice Issued stock Outstanding stock. Common stock. Preferred stock. Authorized stock. 4. Stock shares that are reacquired the issuing corporation are called: Multiple Choice Capital stock. Treasury stock. Redeemed stock. 5. No Transaction General Journal Debit Credit 1 a. Cash Common stock, par value 2 b. Cash Common stock, par value 1. capital in excess of par value, common stock No Date General Journal Debit Credit 1 July 15 Retained earnings Common dividend payable 2 August 15 No journal entry required 3 August 31 Common dividend payable Cash 2. Epic Company earned net income of this year. There were common shares outstanding, and preferred shareholders received a cash dividend. Compute Epic basic earnings per share. Basic Earnings Per Share Choose Numerator: Choose Denominator: Basic EPS Net income Preferred dividends common shares outstanding Basic EPS 2 per 3. share The number of shares that a charter allows it to sell is referred to as: Multiple Choice Issued stock Outstanding stock. Common stock. Preferred stock. Authorized stock. 4. Stock shares that are reacquired the issuing corporation are called: Multiple Choice Capital stock. Treasury stock. Redeemed stock. 5. Par value of a stock refers to the: Multiple Choice Issue price of the stock. Amount assigned per share the corporation in its charter. Market value of the stock on the date of the financial statements. 6. Par value of a stock refers to the: Multiple Choice Issue price of the stock. Amount assigned per share the corporation in its charter. Market value of the stock on the date of the financial statements. 6.