26. Sailor Corporation has the following stock outstanding: 6% Preferred, $100 par $1,000,000 Common Stock, $50 par 2,000,000 No dividends were paid the previous 2 years. If Sailor declares $250,000 of dividends in the current year, how much will common stockholders receive if the preferred stock is cumulative? Question 26 options: $60,000. $70,000. $180,000. $190,000.

30. What is the effect on total paid-in capital of a stock dividend and a stock split, respectively? Question 30 options: Stock Dividend Stock Split Decrease Decrease Stock Dividend Stock Split Increase No effect Stock Dividend Stock Split Decrease No effect Stock Dividend Stock Split No effect No effect

31.Which of the following is reported in the retained earnings statement as an adjustment to the beginning balance? Question 31 options: Extraordinary items. Discontinued operations. Other revenues and expenses. Prior period adjustments.

32.Which of the following should be classified as an extraordinary item? Question 32 options: Effects of major casualties not infrequent in the area. Write-off of a significant amount of receivables. Losses due to a bitter, lengthy labor strike. Loss from the expropriation of facilities by a foreign government.

33.Bonds that mature in installments are called: Question 33 options: callable bonds. serial bonds. registered bonds. term bonds.