___1. Treasury stock is presented a. On the Income Statement as a Revenue item. b. On the Income Statement as an Expense item. c. On the Balance Sheet as an Asset. d. On the Balance Sheet as a "contra-stockholder equity" item. e. Only in the footnotes to the financial statements. ___2. The journal entry to record stock subscriptions BEFORE any cash is received would include a: a. credit to Subscriptions Receivable b. credit to Cash c. credit to Common Stock Subscribed d. debit to APIC e. credit to Common Stock ___3. Book value per share refers to: a. the initial issue price of the stock b. the lowest price which investors are willing to pay for the stock c. the par or stated value of the stock d. the net asset value represented by one share of a company's stock e. the dividends in arrears on a per share basis ___4. Dividends in arrears should be: a. shown on the Balance Sheet as contingent liability b. shown on the Balance Sheet as a current liability c. shown on the Income Statement as an expense d. disclosed as a footnote within the financial statements ___5. Par value per share: a. reflects