1) Firm issued 10,000 Shares of= $2 par-value common stock, receiving proceeds of= $40 per share. Accounting entry for paid-in capital in excess of par account is?

2) At year end, Tangshan China Company balance sheet demonstrated total assets of= 60 millions, total liabilities(including preferred stock) of= 45 million dollars and 1,000,000 shares of common stock outstanding. If Tangshan could sell its assets for= 52.5 Million, Tangshan's liquidation value per share of common stock is?

3) Perry purchased 100 shares of Ferro, Inc. common stock for= $25 per share one year ago. During the year, Ferro Inc. paid cash dividends of= $2 per share. Stock is presently selling for= $30 per share. If Perry sells all of his shares of Ferro Inc. today, what rate of return would he realize?

4) Expected value and standard deviation of returns for Asset A is:
Asset A
Possible Outcomes Probability Returns(%)
Pessimistic 0.25                      10
Most Likely 0.45                      12
Optimistic 0.30                        16