B) Paid-in Capital in Excess of Par Value will be credited for $25,000. C) Paid-in Capital in Excess of Par Value will be credited for $210,000 D) Cash will be debited for $185,000. 32. If common stock is issued for an amount greater than par value, the excess should be credited to A) Cash. B) Retained Earnings. C) Additional Paid-in Capital D) Legal Capital. 33. A corporation purchases 15,000 shares of its own $20 par common stock for $35 per share, recording i at cost. What will be the effect on ttal stockholders' equity? A) Increase by $525,000. B) Decrease by $300,000 C) Decrease by $525,000 D) Decrease by $225,000. 34. The primary purpose of the statement of cash flows is to A) B) C) D) provide information about the investing and fin prove that revenues exceed expenses if there is a net income. provide information about the cash receipts and cash payments during a period. facilitate banking relationships. 35. Assume that the Fitzgerald Corporation uses the indirect method to depict cash flows. Indicate where, if at all, accounts receivable collected would be classified on the statement of cash flows. A) Operating activities section. B) Investing activities section. C) Financing activities section. D) Does not represent a cash flow. 36. Assume that the Fitzgerald Corporation uses the indirect method to depict cash flows. Indicate where Il longaterm deht retired with cash would be classified on the statement of cash flows