19.

Book value per share of common stock

. Single choice.

a (Stockholders' equity - Preferred stock)/No. of shares of common stock outstanding

b Stockholders' equity/No. of shares of common stock outstanding

c Stockholders' equity/No. of shares of preferred stock outstanding

d Total Assets/No. of shares of common stock outstanding

20.

On March 31, 2020, ABC Corporation received authorization to issue Rs. 50,000 of 9 percent, 30-year bonds payable. The bonds pay interest on March 31 and September 30. The entire issue was dated March 31, 2020 and issued at face value.

Prepare the journal entry at September 30, 2011, to record the semiannual bond interest payment

. Single choice.

a Dr: Bond Interest Expense Rs. 2,250 Cr: Cash Rs. 2,250

b Dr: Bond Interest Expense & Bond Interest Payable Rs. 2,250 Cr: Cash Rs. 2,250

c Dr: Bond Interest Expense & Bond Interest Payable Rs. 375 & Rs.1875 Cr: Cash Rs. 2,250

d None of the above