Amber Corporation purchases 50,000 shares of its own $20 par value common stock for $70 per share. What will be the effect on stockholders' equity? O A. increase $3,500,000 O B. decrease $3,500,000 OC. decrease $1,000,000 OD. increase $1,000,000 In present value calculations, the process of determining the present value of a single sum of money is called: O A. pricing O B. allocating O c. negotiating OD. discounting Sweeten Corporation had sales of $880,000. The beginning accounts receivable balance was $72,000 and the ending accounts receivable balance was $220,000. The cash collected from customers for this reporting period is: O A. $732,000 OB. $952,000. OC. $1,028,000. OD. $660,000 Corrao Foods Corporation has 8.000 shares of 6%. $20 par value. cumulative preferred stock and 150,000 shares of $1 par value common stock outstanding at December 31, 2019 and December 31, 2020. In 2019, a $3,000 dividend was declared and paid. In 2020, $36,000 of dividends are declared and paid. What are the dividends received by the preferred stockholders in 2020 (assuming no dividends in arrears prior to 2019)? O A. $19,200 OB. $9,600 OC. $36,000 OD. $16,200 Dolanski Company deciares and distributes a 30% common stock dividend when it has 70,000 shares of $10 par common stock outstanding. The market price per share is $45 at the date of declaration. Which journal entry is prepared? O A. debit Retained Earnings $210,000 and credit Common Stock $210,000 O B. debit Retained Earnings $945,000 and credit Common Stock $945,000 OC. debit Retained Earnings $945,000, credit Common Stock $210,000 and credit Paid - in Capital in Excess of Par-Common $735,000 OD. debit Retained Earnings $945,000, credit Paid - in Capital in Excess of Par-Common $500,000