D Question 9 2 pts Jackson and Campbell have capital balances of $100,000 and $300,000, respectively. Jackson devotes full time and Campbell devotes one-half time to the business. Determine the division of $150,000 of net income when there is no reference to the division of income in the partnership agreement. $75,000 to Jackson and $75,000 to Campbell $112.500 to Jackson and $37,500 to Campbell $100,000 to Jackson and $50,000 to Campbell $37.500 to Jackson and $112.500 to Campbell D Question 10 2 pts Sneed Cooperation issues 10,000 shares of $50 par preferred stock for cash at $75 per share. The entry to record the transaction will consist of a debit to Cash for $750,000 and a credit or credits to: Paid-In Capital from Preferred Stock for $750,000. Preferred Stock for $750,000. Preferred Stock for $500,000 and Paid-In Capital in Excess of Par-Preferred Stock for $250,000. Preferred Stock for $500,000 and Retained Earnings for $250,000. Question 11 2 pts Which of the following is most associated with financial accounting? can be prepared periodically, or as needed can be prepared for the entity or segment can have both objective and subjective information prepared in accordance with GAAP Question 12 2 pt The journal entry a company records for the issuance of bonds when the contract rate and the market rate are the same is to: debit Bonds Payable, credit Cash. debit Cash and Discount on Bonds Payable, credit Bonds Payable. debit Cash, credit Bonds Payable. O debit Cash, credit Premium on Bonds Payable and Bonds Payable