$10)$ A bond with a face value of $$100,000$ and a quoted price of ${98}^{\frac{3}{4}}$ has a selling price of

a$.$ $$98,750$

b$.$ $$98,075$

c$.$ $$98,340$

d$.$ $$98,250$

e$.$ $$98,375$

$11)$

Owners of preferred stock do not have which of the following?

a$.$ Ownership interest in the corporation

b$.$ Priority over common stock as to assets in liquidation

c$.$ Priority over common stock as to voting rights

d$.$ Priority over common stock as to dividends

$12)$

If Norben Company issues $2,000$ shares of $$5$ par value common stock for $$140,000,$ the account

Select one:

a$.$ Common Stock will be credited for $$140,000$

b$.$ Paid$-$in Capital in Excess of Par Value will be credited for $$10,000$

c$.$ Paid$-$in Capital in Excess of Par Value will be credited for $$130,000$

d$.$ Cash will be debited for $$130,000$