In 2023, We “B” Toys had total liabilities of $4,515 million and total assets of $8,003 million.  In 2022, their total liabilities were $4,673 million and total assets were $8,353 million.  Which of the following statements is true?

The date of record is the date:

The state charter of Vest Corporation authorizes the corporation to sell 500,000 shares.  Vest has issued 425,000 shares of stock.  There are 15,000 shares of treasury stock. The number of outstanding shares is:

Joe’s Socks declared and paid cash dividends of $40,000.  There were 1,000 shares of 6%, $10 par value preferred stock outstanding.  How much of the cash dividends were paid to preferred shareholders?

A source of cash from operating activities is:

Out of Texas had a very successful year and the board of directors declared and paid a cash dividend of $50,000.  The prior year, Out of Texas did not pay dividends on 400 shares of cumulative, 8%, $100 par, preferred stock.  How much of the cash dividends were paid to preferred shareholders?

Irish Corporation issued (sold) 5,000 shares of its no par common stock for $35 per share. The bylaws established a stated value of $5 per share. The transaction would increase common stock by

McGee Company gathered the following data to prepare its 2024 statement of cash flows:   Net income $70,000 Depreciation expense 10,000 Accounts receivable decrease 5,000 Wages payable increase 6,000 Amortization of patent 2,000 Dividends paid 1,000 Income tax payable decrease 4,000 Based only on the above data, the net cash inflow from operating activities during 2024 was

The balance sheet of Werther Company showed the following data about its common stock, par $2: authorized shares, 20,000,000; outstanding shares, 8,600,000; and issued shares 9,400,000. Therefore, the number of treasury stock shares was

In order to calculate the cost of a long-term asset that is financed with long-term debt, present values concepts would be used.