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

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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: 8 years ago.
Category: Homework
Expert:  Neo replied 8 years ago.
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