31. If Lantz Company issues 5,000 shares of $5 par value common stock for $210,000, the a A) Common Stock will be credited for $25,000. B) Paid-in Capital in Excess of Par Value will be credited for $25,000. C) Paid-in Capital in Excess of Par Value will be credited for $210,000. D) Cash will be debited for $185,000. 32. If common stock is issued for an amount greater than par value, the excess should be e A) Cash. B) Retained Earnings. C) Additional Paid-in Capital Legal Capital. D) 33. A corporation purchases 15,000 shares of its own $20 par common stock for $35 per at cost. What will be the effect on total stockholders' equity? A) Increase by $525,000 B) Decrease by $300,000. C) Decrease by $525.000. D) Decrease by $225,000. 34. The primary purpose of the statement of cash flows is to A) provide information about the investing and financing activities during a perio B) prove that revenues exceed expenses if there is a net income. C) provide information about the cash receipts and cash payments during a perio D) facilitate banking relationships. 35. Assume that the Fitzgerald Corporation uses the indirect method to depict cash flo if at all, accounts receivable collected would be classified on the statement of cash A) Operating activities section. B) Investing activities section. C) Financing activities section. D) Does not represent a cash flow. 36. Assume that the Fitzgerald Corporation uses the indirect method to depict cash f if at all, long-term debt retired with cash would be classified on the statement of A) Operating activities section. B) Investing activities section C) Financing activities section. D) Does not represent a cash flow