10 2 3 5 6 7 8 9 10 13 14 15 16 17 18 19 110 120 38 39 28 29 30 31 32 33 34 35 36 37 41 42 Preferred stock can have many features. Which of the following is/are a potential feature(s) of Preferred stock? 1. Shares can be converted into common stock II. Shares are held as a liability on the balance sheet III. Shares can be redeemed by the corporation at a fixed price I. Shares can accumulated dividends and pay dividends in arrears A. All of the above B. I only C. L II and IV only D. lll and IV only QUESTION 34 McKinney Farms issued 2,000 shares of 57 par value stock for $10 a share. The journal entry to record the transaction Includes a to Common Stock A Debit of $18,000 Click Save and submit to save and submit. Click Save All Ansters to serve all answers O E a hop bresc + O # $ % & o 3 00 4 5 6 7 9 E R T Y U O P [ 5 D 2 F G J K L I pause C V . N. M alt ctrl alt USE YOUR SMART QUESTION 32 Plaza Co has the following information related to Stockholders Equity. The number of Treasury shares are Authorized Shares 2.000 Par Value 53 issued Shares 900 Outstanding Shares 300 Treasury Shares A 100 Treasury Shares 3.1 100 Treasury Shares C 700 Treasury Shares Dot be determined O hp orts del 10 $ % & ( ) 3 5 67 backs 8 9 C E R T Y P [ O ] D F G H K L T pause C V . N. M 1