Assume the following information for Western Sales, Inc:: - Common Stock, $1.00 par, 228,000 shares issued, 183,000 shares outstanding - Paid - In Capital in Excess of Par-Common: $1,760,000 - Retained Earnings: $2,540,000 - Treasury Stock: 45,000 shares purchased at $19 per share If Western Sales purchases an additional 8,000 shares of treasury stock at $22 per share, what number of shares will be shown as issued and outstanding? A. 228,000 issued; 175,000 outstanding B. 183,000 issued; 183,000 outstanding C. 228,000 issued; 183,000 outstanding D. 220,000 issued; 183,000 outstanding A corporation declares a dividend of $0.50 per share on 17,000 shares of common stock. Which of the following is included in the entry to record the declaration? A. Paid - In Capital in Excess of Par-Common is credited for $8,500. B. Cash Dividends is debited for $8,500. C. Dividends Payable-Common is debited for $8,500. D. Cash Dividends is credited for $8,500. The entry to record the payment of a previously declared dividend of $1 per share on 22,500 shares of common stock includes a A. debit to Cash Dividends for $22,500 B. credit to Cash Dividends for $22,500 C. debit to Cash $22,500 D. debit to Dividends Payable for $22,500 Which of the following occurs when the board of directors declares a 3 - for 1 stock split on 15,000 outstanding shares of $17 par common stock? A. The par value of the stock increases to $34 per share. B. The number of outstanding shares remains at 15,000 . C. The number of outstanding shares increases to 45,000 . D. The par value of the stock remains the same