3 XYZ Inc. issued 6,000 shares of $100 par value stock for $700,000 cash. The total amount of contributed capital in excess of par is: OA $100,000 OB. $700,000 Oc. $600,000 OD.$0. AllC Inc. has bonds outstanding with a par vakee of $100,000. The unamontired discount on these bonds is $3,500. The company retired these bonds by buying them on the open market at 57% What is the gain or loss on this rem OA $3.500 gain O $3,500 s Oc 50 gain or loss OD $500 loss In bond financing, if the interest on bonds (contract rate) higher than the market interest rate, the bonds will be issued with: OA premium on bonds payable. OB. par value OC discount on bonds payable OD, a specific maturity date. Preferred stockholders have the following rights EXCEPT: OA, the priority over common stock in dividend distribution. OB. the right to sell their stock on the market. OC. voting rights. OD. a stated dividend rate