1. Shown below is the Equity section of Green Company. The current market price per shares is $19. What was the original per share sale price of the common stock?

2. A potential liability which depends on a future event arising out of a past transaction is known as a:

3. All adjusting entries involve:

Shown below is the Equity section of Green Company. The current market price per shares is $19. What was the original per share sale price of the common stock? Common Stock, $10 par, 100,000 shares authorized, 85,000 issued and outstanding $850,000 Paid-in capital in excess of par - Common $255,000 Retained Earnings $1,230,000 $11.05 $10.00 $13.00 O None of the above QUESTION 11 A potential liability which depends on a future event arising out of a past transaction is known as a: Deferred liability Contingent liability Long term liability Current liability QUESTION 12 All adjusting entries involve: A Balance Sheet account and an Income Statement account Cash and an Income Statement account An asset account and a liability account