a. Total paid-in capital b. Total retained earnings c. Total par value (common) d. Par value per share IncreaseDecrease Decrease Decrease DecreaseNo change Increase Increase 14. What is the total stockholders' equity based on the following account balances? Common Stock Paid-In Capital in Excess of Par Retained Earnings Treasury Stock $1,800,000 100,000 360,000 60,000 a. $1,900,000. b. $2,320,000. c. $2,260,000. d. $2,200,000. 15. Penn Company has $20,000 of dividends in arrears. Based on this information, which of the following statements is false? a. Dividends in arrears are not considered to be liabilities. b. An obligation for dividends in arrears exists only after the board of directors declares payment. c. The amount of dividends in arrears should be disclosed in the notes to the financial statements. d. The investment community looks favorably on companies with dividends in arrears, since the money is redirected toward more important growth opportunities. 16. The number of shares of issued stock equals unissued shares minus outstanding shares. a. b. c. d. outstanding shares plus treasury shares. authorized shares minus treasury shares. outstanding shares plus authorized shares. 17. If the market rate of interest is less than the contractual rate of interest, bonds will sell a. at a premium b. at face value. c, at a discount. d. only after the stated rate of interest is increased