Quiz Ch. 11

1)  A corporation issues 6,000 shares of $5 par value common stock for $8 cash per share. The entry to record this transaction includes

2.   A company reports net income of $75,000. Its weighted-average common shares outstanding is 19,000. It has no other stock outstanding. Its earnings per share is

3. A company has 5,000 shares of $100 par preferred stock and 50,000 shares of $10 par common stock outstanding. Its total stockholders’ equity is $2,000,000. Its book value per common share is

4.  A company paid cash dividends of $0.81 per share. Its earnings per share is $6.95 and its market price per share is $45.00. Its dividend yield is

5. A company’s shares have a market value of $85 per share. Its net income is $3,500,000, and its weighted-average common shares outstanding is 700,000. Its price-earnings ratio is