1 2 10 11 12 13 14 15 Moving to another question will save this response. Question 9 XYZ Inc. issued 6,000 shares of $100 par value stock for $700,000 cash. The total amount of contributed capital in excess of paris OA$700,000 OB.50 Oc$600,000 OD. $100,000. 3 6 7 B 9 10 11 12 13 14 15 Moving to another question will save this response. Question 10 In bond financing, if the interest on bonds (contract rate) higher than the market interest rate, the bonds will be issued with OA premium on bonds payable. OB, discount on bonds payable - Oca specific maturity date OD. par value 12 14 15 Moving to another question will save this response. Question 11 The costs of bringing a corporation into existence, including legal fees, promoter fees, and amounts paid to obtain a charter are called: COA Cumulative costs OB. Minimum legal capital Oc. Organization costs OD. Stock subscriptions A Question Completion Status: 1 2 3 4 5 10 11 12 13 14 15 Moving to another question will save this response Question 12 Question 12 of 15 1 points On October 1, a corporation had 200,000 shares of $4 par value common stock, and $1,000,000 of retained earnings. The corporation decides a 2-for-1 stock split. The general journal entry to recond this transaction is OA Retained eamings (debit) and common stock (credit). OB. Retained earnings (debit) and common stock split distribution (credit) OC Retained earnings (debit) and stock split (credit) OD. No journal entry 10 11 14 15 L Moving to another question will save this response. Question 13 The corporate form of business has all the following advantages EXCEPT: OA. Stockholders have unlimited liably OB. Separate legal entity OC. No mutual agency for stockholders OD. The life of a corporation is unlimited and ease of capital accumulation Quest 1 point