Entity F issued 3,000 shares of its $1 par value common stock for $7 per share. Which of the following statements is correct?

		Cash should be debited for $18,000.
		Paid-in-capital-in-excess-of-par-value should be debited for $18,000.
		Common stock should be credited for $21,000.
		Common stock should be credited for $3,000.

All of the following are correct regarding stock dividends except:

		they are not taxable to the shareholders
		they are paid in cash.
		they usually result in a decrease in the stock price.
		total stockholders equity is the same before and after the stock dividend.

The most important category on the statement of cash flows to determine whether an entity is likely to continue as a going concern is:

		operating activities.
		financing activities.
		significant noncash activities
		investing activities.

Entity G had the following accounts: Common stock, $1 par, 1,000 shares authorized, 750 shares issued, 700 shares outstanding $ 750 Paid-in-capital in excess of par 37,500 Treasury stock (50 shares at cost) 3,000 Accumulated other comprehensive income 1,000 Retained earnings 250,000 What is Total Stockholders Equity?

		$292,250
		$285,250
		$286,250
		$250,750

Regarding its common stock, Entity H has 1,000,000 authorized shares, 650,000 issued shares, and 20,000 treasury shares that it recently purchased. What is the number of outstanding shares?

		1,000,000
		630,000
		650,000
		350,000

Most companies pay current liabilities

		by issuing stock.
		by creating other current liabilities.
		by issuing bonds payable.
		out of current assets, i.e. cash.

Regular cash dividends on common stock reduce the companys

		Paid-in-capital in excess of par.
		Common stock.
		Treasury stock.
		Retained earnings.

When bonds are issued at a premium, the total interest cost of the bonds over the life of the bonds is:

		interest paid over the life of the bond.
		interest paid over the life of the bonds minus the amount of the premium at the sale point.
		interest paid over the life of the bonds plus the amount of the premium at the sale point.
		premium at the sale point.