19. On 01/01/2017, the Oled Company issued S100,000 bonds for $95,000. rate on the bonds was 7% and the market rate or interest was paid annually on December 31, how would Oled caleulate the first year on the bonds using the effective interest method? A) S 95.000 x 7%. B) $ 100,000 x 896. C) S 100,000 x 7% D) $ 95.000 x896. E) None of the above is correct. The couporn 8%. If interest is the interest expense for 20. Deferred revenue is another term for A) Prepaid expenses. B) Sales revenue. C) Trade payables. D) Unearned revenue. E) Accrued expenses 21. If Hayes Corporation sells and issues 100 shares of its S1 par value common stock at $15 per share, the entry to record the sale will not include a A) Debit to cash of S1,500. B) Credit to contributed capital in excess of par of S1,400. C) Credit to common stock of S100. D) Credit to retained earnings of S100. E) All of the above would be included. 22. Which of the following statements about treasury stock transactions is correct? A) The total # of shares issued increases when treasury stock is purchased. B) The total # of shares authorized changes when treasury stock is purchased. C) G and L on treasury stock transactions are reported on the income statement. D) Common Stock account is credited when treasury stock is purchased. E) None of the above is correct. 23. In the case of a cash dividend, a dividend liability comes into existe onthe A) date of dividend payment. B) date of record. C) date of declaration. D) last day of the month in which the dividend is declared. E) None of the above is correct. 24. A stock dividend A) results in a transfer of contributed capital to retained earnings. B) increases the number of shares outstanding. C) is accounted for in exactly the same manner as a stock split. D) Both A and B are correct. E) None of the above is correct