The number of shares remaining in the hands of shareholders after some stock has
ID: 2526060 • Letter: T
Question
The number of shares remaining in the hands of shareholders after some stock has been reacquired is referred to as the shares a.outstanding. b.in arrears. c.issued. d.authorized. The journal entry to issue 1,000,000 shares of $5 par common stock for $9 per share on July 2 would be a. July 2 Cash 9,000,000 Common Stock 5,000,000 Paid-In Capital in Excess of Par 4,000,000 b. July 2 Cash 5,000,000 Paid-In Capital in Excess of Par—C/S 4,000,000 Common Stock 9,000,000 c. July 2 Cash 5,000,000 Common Stock 5,000,000 d. July 2 Cash 9,000,000 Common Stock 9,000,000 When a cash dividend is declared, which of the following accounts is credited? a.Common Stock b.Cash Dividends Payable c.Paid-In Capital d.Cash Dividends Cash dividends are paid on __________ stock. a.outstanding b.authorized c.issued d.treasury All of the following are conditions for a cash dividend except a.sufficient cash. b.sufficient retained earnings. c.formal action by the board of directors. d.All of these choices are correct. The number of shares remaining in the hands of shareholders after some stock has been reacquired is referred to as the shares a.outstanding. b.in arrears. c.issued. d.authorized. The journal entry to issue 1,000,000 shares of $5 par common stock for $9 per share on July 2 would be a. July 2 Cash 9,000,000 Common Stock 5,000,000 Paid-In Capital in Excess of Par 4,000,000 b. July 2 Cash 5,000,000 Paid-In Capital in Excess of Par—C/S 4,000,000 Common Stock 9,000,000 c. July 2 Cash 5,000,000 Common Stock 5,000,000 d. July 2 Cash 9,000,000 Common Stock 9,000,000 When a cash dividend is declared, which of the following accounts is credited? a.Common Stock b.Cash Dividends Payable c.Paid-In Capital d.Cash Dividends Cash dividends are paid on __________ stock. a.outstanding b.authorized c.issued d.treasury All of the following are conditions for a cash dividend except a.sufficient cash. b.sufficient retained earnings. c.formal action by the board of directors. d.All of these choices are correct. a.outstanding. b.in arrears. c.issued. d.authorized. The journal entry to issue 1,000,000 shares of $5 par common stock for $9 per share on July 2 would be a. July 2 Cash 9,000,000 Common Stock 5,000,000 Paid-In Capital in Excess of Par 4,000,000 b. July 2 Cash 5,000,000 Paid-In Capital in Excess of Par—C/S 4,000,000 Common Stock 9,000,000 c. July 2 Cash 5,000,000 Common Stock 5,000,000 d. July 2 Cash 9,000,000 Common Stock 9,000,000 The journal entry to issue 1,000,000 shares of $5 par common stock for $9 per share on July 2 would be a. July 2 Cash 9,000,000 Common Stock 5,000,000 Paid-In Capital in Excess of Par 4,000,000 b. July 2 Cash 5,000,000 Paid-In Capital in Excess of Par—C/S 4,000,000 Common Stock 9,000,000 c. July 2 Cash 5,000,000 Common Stock 5,000,000 d. July 2 Cash 9,000,000 Common Stock 9,000,000 a. July 2 Cash 9,000,000 Common Stock 5,000,000 Paid-In Capital in Excess of Par 4,000,000 b. July 2 Cash 5,000,000 Paid-In Capital in Excess of Par—C/S 4,000,000 Common Stock 9,000,000 c. July 2 Cash 5,000,000 Common Stock 5,000,000 d. July 2 Cash 9,000,000 Common Stock 9,000,000 When a cash dividend is declared, which of the following accounts is credited? a.Common Stock b.Cash Dividends Payable c.Paid-In Capital d.Cash Dividends Cash dividends are paid on __________ stock. a.outstanding b.authorized c.issued d.treasury All of the following are conditions for a cash dividend except a.sufficient cash. b.sufficient retained earnings. c.formal action by the board of directors. d.All of these choices are correct. When a cash dividend is declared, which of the following accounts is credited? a.Common Stock b.Cash Dividends Payable c.Paid-In Capital d.Cash Dividends Cash dividends are paid on __________ stock. a.outstanding b.authorized c.issued d.treasury All of the following are conditions for a cash dividend except a.sufficient cash. b.sufficient retained earnings. c.formal action by the board of directors. d.All of these choices are correct. a.Common Stock b.Cash Dividends Payable c.Paid-In Capital d.Cash Dividends Cash dividends are paid on __________ stock. a.outstanding b.authorized c.issued d.treasury Cash dividends are paid on __________ stock. a.outstanding b.authorized c.issued d.treasury a.outstanding b.authorized c.issued d.treasury All of the following are conditions for a cash dividend except a.sufficient cash. b.sufficient retained earnings. c.formal action by the board of directors. d.All of these choices are correct. All of the following are conditions for a cash dividend except a.sufficient cash. b.sufficient retained earnings. c.formal action by the board of directors. d.All of these choices are correct. a.sufficient cash. b.sufficient retained earnings. c.formal action by the board of directors. d.All of these choices are correct. July 2 Cash 9,000,000 Common Stock 5,000,000 Paid-In Capital in Excess of Par 4,000,000Explanation / Answer
Dear student, only one question is allowed at a time. I am answering the first question
Outstanding shares are the number of shares still owned by the shareholders after reacquisition of shares by the company
Outstanding shares
= Issued shares – Reacquired shares
So, as per above definition, option a is the correct option