11. A corporation sold 14,000 shares of its $10 par value common stock at a cash price of S13 per share. The entry to record this transaction would include: A. A debit to Paid-in Capital in Excess of Par Value, Common Stock for $42,000. B. A debit to Cash for $140,000. C. A credit to Common Stock for $182,000, D. A credit to Common Stock for $140,000. E. A credit to Paid-in Capital in Excess of Par Value, Common Stock for $182,000. A company has 1,000 shares of$50 par value. 4.5% cumulative and nonparticipating preferred stock and 10,000 shares of $10 par value common stock outstanding. The company paid total cash dividends of $1,000 in its first year of operation. The cash di that must be paid to preferred stockholders in the second year before any dividend is paid to common stockholders is: 12. vidend A. $1,000 B. $1,250. C. $2.250. D. $3,500. E. $4,500. 13. The date a board of directors votes to pay a dividend is called the: A. Date of stockholders' meeting. B. Date of declaration. C. Date of record. D. Date of payment. E. Liquidating date. 14. A company's board of directors votes to declare a cash dividend of 75e per share. The company has 15,000 shares authorized, 10,000 issued, and 9,500 shares outstanding. The total amount of the cash dividend is: A. $ 375. B. $ 4,125 C. $ 7,125 D. $ 7,500. E. $11,250