32. market interest rate for a bond is lower than the stated (coupon) intorest rate. the bond sell d. Both a and b correct. 33. The following data is available for Box Corporation at December 31. 2016 Common stock, par $10 authorized 30.000 shares) $200,000 Treasury stock (at cost $15 share) 1.200 Based on the data, how many shares of common stock are outstanding? a. 30,000. b, 20.000. c 29,920. d 19,920. 34. Financing activities involve a. lending money. b. acquiring investments. c. issuing debt. d. acquiring long-lived assets. 35 The category that is generally considered to be the best measure of a company's ability to continue as a going concern is a, cash flows from operating activities. b. cash flows from investing activities. c. cash flows from financing activities. d. usually different from year to year. 36. The board of directors of Benson company declared a cash dividend of per share on 42.000 shares of common stock on July 15, 2014. The dividend is to be paid on August 15, 2014, stockholders of record on July 31, 2014. The correct entry to be recorded on August 15, 2014, will include a a. debit to Cash Dividends. b. credit to Cash Dividends. c. credit to Dividends Payable. d. debit to Dividends Payable. 37 Alt Corp. issues 3,000 shares of$10 par value common stock at $14 per share. When the transaction is recorded, credits are made to: a. Common Stock $30,000 and Cash $42,000. b. Common Stock $42,000. c. Common Stock $30,000 and Paid-in Capital in Excess of Par value $12,000. d. Common Stock $30,000 and Retained Earnings $12,000