4 sub parts

Question 23 1 pts On January 1, 2013, Mehrzad Co. Issued 10,000 shares of $1 par stock for total proceeds of $50,000. The consequence of this transaction would be: Increase Additional Paid-In Capital by $40.000 Reduce cash by 550.000 Increase comenon stock at par by $50,000 Increase Retained Earnings by $50.000 Question 24 1 pts On January 1, 2013, Mehrzad Co. Issued 10,000 shares of $1 par stock for total proceeds of $50,000. On October 31, 2013 Mehrzad recorded a stock dividend of 10% when the market price of the stock was $8/share. The consequence of this transaction would be: Reduce Retained Earnings by $8,000 Increase shares outstanding by 5,000 shares No effect on the account common stock at pw No effect on the account additional pold in Capital Reduce cash by $40,000 Question 25 1 pts On January 1, 2013, Mehrzad Co. Issued 10,000 shares of $1 par stock for total proceeds of $50,000. On October 31, 2013 Mehrzad recorded a stock dividend of 10% when the market price of the stock was $8/share. On December 1, 2013, Mehrzad bought 4.000 shares at a price of $7/share. The consequence of this transaction would be to: None of the above Increase cash by $28,000 Increase Retained earrings by $28,000 Change shares outstanding to 7.000 shares Reduce Additional Paid in Capital by $28.000 D Question 26 1 pts On January 1, 2013, Mehrzad Co. Issued 10,000 shares of $1 par stock for total proceeds of $50,000. On October 31, 2013 Mehrzad recorded a stock dividend of 10% when the market price of the stock was $8/share. On December 1, 2013, Mehrzad bought 4,000 shares at a price of $7/share. On December 22, 2013 Mehrzad sold the shares in treasury stock for $9/share. The balance in the Additional Paid-in Capital account after this sale would be: $55.000 $49,000 $51.000 $40,000 550.000 All the answers given are wrong