10.000 shares of common stock ounding in dividends. The corporation had 10,000 shares of common Ferred stock. The preferred stock was two years in arrears prior to the d. $75,000 Z. Magic Corporation paid $100,000 in dividends, The and 5,000 shares of $100 par value 5% preferred stor current year. How much was paid to the common stockholders c. $50,000 b. $25,000 uld be included in the description "Total Capital Stock? a. $0 b. Par value of common 8. In reviewing corporate equity on a balance sheet, what would be includes d. Both (a) and (b) a. Par value of preferred c. Paid-in capital in excess of par value 9. Which of the following statements about treasury stock is false? a. Gains are not recorded on treasury stock transactions, but losses are. b. Acquiring treasury stock causes stockholders' equity to decrease. c. Treasury stock is reported as a deduction from stockholders' equity. d. The excess of the sales price of treasury stock over its cost should be credited to Paid-in Capital from Tree Stock. 10. Elmer Compans are outstanding hould Elmer recor 10. Elmer Company has 500,000 shares of common stock authorized. The stock has a par value of $1.50 per share. and 150.000 shares are outstanding. The company declared a 5% stock dividend at a time when the was $7 per share. What entry, if any, should Elmer record for the declaration? 11,250 11,250 52,500 11,250 41,250 a. No entry b. Retained Earnings Common Stock c. Retained Earnings Stock Dividend Distributable Paid-in Capital in Excess of Par d. Stock Dividends Payable Retained Earning Common Stock 11,250 41,250 52,500