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# A corporation purchases 10,000 shares of its own \$10 par common

### Resolved Question:

A corporation purchases 10,000 shares of its own \$10 par common stock for \$25 per share, recording it at cost. What will be the effect on total stockholders' equity? (Points: 4)
increase, \$100,000
increase, \$250,000
decrease, \$100,000
decrease, \$250,000
The Rand Corporation began the current year with a retained earnings balance of \$25,000. During the year, the company corrected an error made in the prior year, which was a failure to record depreciation expense of \$3,000 on equipment. Also, during the current year, the company earned net income of \$12,000 and declared cash dividends of \$5,000. Compute the year end retained earnings balance. (Points: 4)
\$29,000
\$35,000
\$39,000
\$45,000
Based on the following information, calculate the dividend yield on common stock

Market price per share \$40.00

Earnings per share
4.00

Dividends per share
1.00

Investor's cost per share
30.00

(Points: 4)
0.075
0.025
0.133
0.033
Submitted: 7 years ago.
Category: Homework
Expert:  Neo replied 7 years ago.

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Neo, Tutor
Category: Homework
Satisfied Customers: 12101
Experience: BS Accounting

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