11) Bisingstar Corporation currently has 129,000 shares outstanding of $3 par value common stock. The stock was originally issued for $14 per share. On March 15, the board of directors declares a 13% stock dividend when the stock is selling for $22 per share. Which of the following is the correct journal entry to record this transaction? (Do not round intermediate calculations.) A) debit Common Stock Dividend Distributable $50,310, debit Paid-In Capital in Excess of Par-Common for $318,630 and credit Retained Earnings $368,940 B) debit Retained Earnings $368,940 and credit Common Stock Dividend Distributable $368,940 debit Retained Earnings $368,940, credit Common Stock Dividend Distributable $50,310 and credit Paid-In Capital in Excess of Par-Common $318,630 D) debit Paid-In Capital in Excess of Par-Common $368,940 and credit Retained Earnings $368,940 12) Which of the following is TRUE of a stock split and a stock dividend? A) A stock split will increase total stockholders' equity, but a stock dividend will not B) Neither a stock split nor a stock dividend will increase total stockholders' equity. A stock dividend will increase total stockholders' equity, but a stock split will not D) A stock split will decrease retained earnings, but a stock dividend will not 13) Newcastle Enterprises had net income for 2018 of $103,000. Newcastle had 39,000 shares of common stock outstanding at the beginning of the year and 43,000 shares of common stock outstanding at the end of the year. There were 6000 shares of preferred stock outstanding all year. During 2018, Newcastle declared and paid preferred dividends of $29,000. What is Newcastle's earnings per share? (Round the answer to two decimal places.) A) $2.51 B) $2.40 $1.80 D) $1.72 14) Adventure Travel signed a 14%, 10-year note for $152,000. The company paid an installment of $2200 for the first month. After the first payment, what is the principal balance? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.) A) $149,800 B) $150,227 $151,573 D) $154,200 15) If bonds with a face value of $209,000 are issued at 93, the amount of cash proceeds is A) $208,907 B) $209,000 $194,370 D) $179,740 16) State Street Beverage Company issues $805,000 of 9%, 10-year bonds on March 31, 2017. The bonds pay interest on March 31 and September 30. Which of the following statements is TRUE? A) If the market rate of interest is 10%, the bonds will issue at a premium. B) If the market rate of interest is 10%, the bonds will issue at a discount. If the market rate of interest is 10%, the bonds will issue at par. D) If the market rate of interest is 10%, the bonds will issue above par