8) Preferred stock is NOT similar to debt because: A) preferred dividends are not tax-deductible whereas interest expense is tax-deductible. B) preferred dividends do not have to be paid whereas interest expense must be paid. C) preferred stock does not have a maturity date whereas debt usually has a maturity date. D) all of the above. 9) If a corporation issues 10,000 shares of $1 par value common stock for $9000, the journal entry would include a credit to: A) Common Stock for $9000. B) Paid-in Capital in Excess of Par Common for $9000. C) Common Stock for $10,000. D) Retained Earnings for $10,000. 10) If a corporation issues 5000 shares of S5 par value common stock for $85,000, the journal entry would include a credit to: A) Common Stock for $85,000. B) Paid-in Capital in Excess of Par Common for $85,000. C) Common Stock for $60,000 D) Paid-in Capital in Excess of Par Common for $60,000. 11) The journal entry to record common stock issued at its par value includes a credit to: A) Paid-in Capital Par Value. B) Common Stock C) Paid-in Capital in Excess of Par-Common. D) Retained Earnings. 12) When 200 shares of $1 par value Common Stock are issued at S28 per share, Paid-in Capital in Excess of Par Common will: A) increase $200. B) decrease $5600. C) increase $5400. D) stay the same. 13) If stock is issued for an asset other than cash, the asset should be recorded on the books of the corporation at the: A) current market value of the asset. B) book value of the asset. C) par value of the stock D) fair market value of the stock minus the par value of the stock