Maurice Tutor

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Teaching Since: May 2017
Last Sign in: 401 Weeks Ago, 1 Day Ago
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  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

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  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Accounting Posted 23 Jul 2017 My Price 8.00

amount of equity

1. The amount of equity attributed per common share is called

a. market value per share.

b. liquidation value per share.

c. book value per share.

d. par value per share.

2. Suppose Yummy Treats Bakery issues common stock to purchase a building. Yummy Treats Bakery should record the building at

a. the par value of the stock given.

b. its book value.

c. its market value.

d. a value assigned by the board of directors.

3. Jackson Health Foods has 8,000 shares of $2 par common stock outstanding, which was issued at $15 per share. Jackson also has a deficit balance in Retained earnings of $86,000. How much is Jackson’s total stockholders’ equity?

a. $16,000

b. $120,000

c. $206,000

d. $34,000

Answers

Maurice Tutor
(5)
Status NEW Posted 23 Jul 2017 09:07 PM My Price 8.00

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