1: Where should a declared but unpaid cash dividend be reported on the balance sheet?

2:What is the primary purpose of a stock split?

3:What are the three classifications of restrictions of retained earnings, and how are such restrictions normally reported on the financial statements?

4: If you asked your broker to purchase for you a 7% bond when the market interest rate for such bonds was 8%, would you expect to pay more or less than the face amount for the bond? Explain.

5: Where are investments in bonds that are classified as held-to-maturity securities reported on the balance sheet?

6: What has the higher present value: (a) $10,000 to be received at the end of two years, or (b) $5,000 to be received at the end of each of the next two years?