ACCO 112 Partial Test1-Workshop7 IlI. Exercise Complete the following sentences. (30 points) 1. A corporation has a separate 2. The apart from its owners. feature of preferred stock gives the preferred stockholders the right to receive current-year dividends and unpaid prior-year dividends before common stockholders receive any dividends and for the protection of corporate 3. The paid-in capital section of the balance sheet consists of two classifications 4. Par value of stock represents the per share that must be retained in the busines 5. If stock is issued in exchange for noncash assets, the assets should be valued at the or the assets of the consideration whichever is more clearly evident. 6. A corporation's own stoc k that has been reacquired by the corporation but not canceled is called V. Exercise - Select the correct answer. (10 points) . A $1,000 face value bond with a quoted price of 98 is selling for a. $1,000. b. $980 c $908 d $98 A bond with a face value of $200,000 and a quoted price of 102% has a selling price of a $240,225 b $204,025 C. $200,225