36. The following data is available for B0X Corporation at December 31,2017: Common stock, par S10 (authorized 30,000 shares) Treasury stock (at cost $15 per share) Based on the data, how many shares of common stock are issued? A) 27,000. $270,000ooa (A S1,200 B) 263000 hos per B) 26,920. C) 29,920. D) 30,000. 37. A company receives $348, of which $28 is for sales tax. Recording the sale would include a(n) A) increase to Sales Taxes Expense for $28 B) increase to Cash for $348. C) decrease to Sales Taxes Payable for $28. D) decrease to Sales Revenue for $348. 38. Dividends in arrears are dividends on A) B) C) cumulative preferred stock that have been declared but have not been paid. common dividends that have been declared but have not yet been paid. non-cumulative preferred stock that have not been declared for a given period of time. cumulative preferred stock that have not been declared for a given period of time. D) 39. Ferman Corporation had net income of $140,000 and paid dividends of $40,000 to common stockholders and $20,000 to preferred stockholders in 2017. Ferman Corporation's common stockholders' equity at the beginning and end of 2017 was $870,000 and $1,130,000, respectively. Ferman Corporation's return on common stockholders' equity was A) 896. ) C) D) 996. 1296. 1496. 40. Which of the following is not a right or preference associated with preferred stock? A) The right to vote B) First claim to dividends. C) Preference to corporate assets in case of liquidation. D) To receive dividends in arrears before common stockholders receive dividends