In a batch sequence check a computer program sorts the input documents into numerical order; checks the documents against the sequence number range; and reports missing, duplicate, and out-of-range data.
Indicate whether the statement is true or false
Question 2
Par For the Course, Inc's financial statement included the following section:
12/31/11
Preferred stock, 100 par, 5 noncumulative 40,000
Common stock, 2 par value 60,000
Additional paid-in capital, common stock 480,000
Retained earnings
60,000
Treasury stock (1,000 shares) (8,000 )
Total shareholders' equity 632,000
1. From which financial statement did the above information come?
2. How many shares of common stock have been issued? shares
3. What was the average selling price of a share of common stock?
4. How many shares of preferred stock are issued?
shares
5. If you hold one share of the preferred stock, how much of a dividend would you expect for the year?
6. Beginning retained earnings is 50,000 and net income is 17,800. How much of the dividends go to the common shareholders?
7. If you hold one share of the common stock, how much of a dividend would you receive?
What will be an ideal response?
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