11 Select Answer: 12 Select Answer: 13 Select Answer: 14 Select Answer: 15 Select Answer: Zillion Corpoation issued 100,000 shares of $1.00 par common stock at a price of $5.00 per share. What account is used for the extra money received, beyond the par value? A. It is net income and should go to Retained Earnings B. It represents a liability that the corporation must pay back C. It goes to the Paid in Capital in Excess of Par account and is not part of net income D. It should be reported on the income statement A corporation purchases shares of its own stock for the purpose of rewarding executives and other employees. These shares are called: A. preferred stock B. treasury stock C. stock dividends D. cash dividends Carmen Corporation issued one million shares of $5.00 par stock. On a cash flow statement, the cash received from this stock issuance would be considered what type of cash flow? A. operating cash flow B. investing cash flow C. financing cash flow D. it would not be considered a cash flow Carmen Corporation declared and paid a $1.50 cash dividend to common stockholders. How would this cash dividend be classified on Carmen's cash flow statement? A. operating cash flow B. investing cash flow C. financing cash flow D. it would not be considered a cash flow On a cash flow statement using the Indirect Method, how would noncash expenses such as depreciation, depletion and amortization be treated? A. subtract depreciation from the net income figure B. add back the depreciation to the net income figure C. subtract depreciation from the cash flows from investing D. subtract depreciation from cash flows from financing