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Par value of common stock is established for a share of stock after it is issued. Q represents the original selling price for a share of stock. O represents what a share of stock is worth. is the value assigned per share in the corporate charter. QUESTION 2 All of the following statements regarding retained earnings are true except O retained earnings represents a claim on cash. a debit balance in Retained Earnings indicates a deficit. retained earnings is net income that a company retains in a business. retained earnings are a cumulative measure. QUESTION 3 The net effects on the corporation of the declaration and payment of a cash dividend are to decrease assets and decrease stockholders equity. increase stockholders' equity and decrease liabilities, increase assets and increase stockholders' equity. decrease liabilities and decrease stockholders equity. Click Save and Submit to save and submit. Click Save All Answers to save all answers. 9QUESTION 6 The following information pertains to Benedict Company. Assume that all balance sheet amounts represent average balance figures. Total assets: $300,000 Common stock: $125,000 Retained earnings: $25,000 Sales Revenue: $100,000 Net Income: $32,000 Common stock shares outstanding:4,000 Common dividends: $5,000 What is the return on common stockholders' equity ratio for Benedict? 25.6% 13.3% O 21.3% 10.79%The United States constitution places the most significant limitations on administrative investigation in the area of: O search and seizure of the person. O aerial inspection. search and seizure of papers and records. guarantee against self-incriminatin D Question 17 2.5 pts A subpoena to testify or to produce records: O is prohibited by the constitutional guarantee against unreasonable searches and seizures. O is an illegal attempt to gain information by compulsion. O cannot be opposed on the grounds that such a request constitutes an unreasonable search and seizure. O must be approved by corporate officers to be effective.Instructions 100 Pre Quiz 3. There are a total of 3 points and 3 multiple choice questions. You will be pe nd take this quiz only ONCE and you must complete it within the 15 minute time limit. Quiz dual exercise and you must do your OWN work. However, you may use your text or class no he SUBMIT QUIZ BUTTON when you have finished. Question 1 1 pts Keisha and Donnie decide to go into business together. They start by writing an agreement explaining the terms of the business they will both own, along with each of their responsibilities. Keisha and Donnie created a(n): O articles of partnership. business license. licensing agreement. corporate charter. patent application. Next 18 MacBook