ABC Co. is authorized to issue 100,000 shares of $10 par common stock. On 3/15/2022 the company issues 20,000 shares in

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ABC Co. is authorized to issue 100,000 shares of $10 par commonstock. On 3/15/2022 the company issues 20,000 shares inexchange for $25 per share. The journal entry to record theissuance would include:
On 3/30/2022 ABC Company declares a cash dividend of $2 pershare, payable 4/30 to shareholders of record date 4/15. There are 100,000 shares authorized and 20,000 shares issued andoutstanding. The journal entry to record the declaration ofthe dividend would include:
On 3/30/2022 ABC Company declares a cash dividend of $2 pershare, payable 4/30 to shareholders of record date 4/15. Johnowns 100 shares of the stock on the 3/30/2022. He sells thestock to Julia on 4/13/2022. Which statement is correct?
On 6/15/2021 ABC Company declares a 10% stock dividend,distributable 7/15/2021 to shareholders of record date 7/1. The market price of the stock is $50. There are 20,000 sharesof issued and outstanding. The journal entry to record thedeclaration of the dividend would include:
On 12/01, the ABC Company purchases 1000 shares of its own stockfor $40 per share. Par is $10. There are 22,000 sharesissued and outstanding. The journal entry to record thepurchase of the stock would include:
On 6/30/2022, The company sells 500 shares of treasurystock for $50 per share. They paid $40 per share for theTreasury Stock.
Cash 25,000
TreasuryStock 20,000
PICT/S 5,000
ABC Company has 10,000 shares issued and outstanding. Thecompany declares a 5 for 1 stock split on it's $10 par commonstock. The stock is currently priced at $1,200 pershare. Which of the following statements is correct?
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