When a corporation has only one class of share capital, book value per share is computed as Total contributed capital over the total number of shares issued. Total shareholder’s equity over the total number of shares outstanding. Total contributed capital over the total number of shares outstanding. Total shareholder’s equity over the total number of shares issued.

When a corporation has only one class of share capital, book value per share is computed as Total contributed capital over the total number of shares issued. Total shareholder’s equity over the total number of shares outstanding. Total contributed capital over the total number of shares outstanding. Total shareholder’s equity over the total number of shares issued.

Cornerstones of Financial Accounting

4th Edition

ISBN:9781337690881

Author:Jay Rich, Jeff Jones

Publisher:Jay Rich, Jeff Jones

Chapter10: Stockholder's Equity

Section: Chapter Questions

Problem 3MCQ: Authorized stock represents the: number of shares that are currently held by stockholders. number of...

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Authorized stock represents the: number of shares that are currently held by stockholders. number of shares that have been sold. number of shares that have been repurchased by the corporation. maximum number of shares that can be issued.
The total amount of cash and other assets received by a corporation from the stockholders in exchange for the shares is ________. A. always equal to par value B. referred to as retained earnings C. always below its stated value D. referred to as paid-in capital
Which of the following measures the portion of a corporations profit allocated to each outstanding share of common stock? A. retained earnings B. EPS C. EBITDA D. NOPAT
Which of the following statements is true? The outstanding number of shares is the maximum number of shares that can be issued by a corporation. The shares that are in the hands of the stockholders are said to be outstanding. It is very unlikely that corporations will have more than one class of stock outstanding. Preferred stock is stock that has been retired.
Par value of a stock refers to the ________. A. issue price of a stock B. value assigned by the incorporation documents C. maximum selling price of a stock D. dividend to be paid by the corporation
The number of shares that a corporations incorporation documents allows it to sell is referred to as ________. A. issued stock B. outstanding stock C. common stock D. authorized stock
How does a stock split affect the balance sheet of a corporation?
If a corporation issues only one class of stock, what four rights does each stockholder have?
1. When a corporation has only one class of share capital, book value per share is computed as: A. Total contributed capital over the total number of shares issued B. Total shareholder's equity over the total number of shares outstanding. C. Total shareholder's equity over the total number of shares issued. D. Total contributed capital over the total number of shares outstanding
Outstanding shares are the a. Number of shares that have been distributed to shareholders b. Total number of shares that can be issued by the corporation at any time c. Number of shares that are owned by shareholders at the balance sheet date d. Number of shares the corporation has repurchased.
Treasury shares represent the ______________________ a. Number of previously issued shares that have been repurchased by the corporation. b. Number of shares that are currently held by shareholders c. Number of shares that the corporation sold d. Maximum number of shares that the corporation can sell
Stockholders’ equity represents the total value of a corporation’s stock plus retained earnings that have accumulated to date.; True or False