ess Realty, Ine, issued 7,000 shares of So ) Common Stock for 5112,000 a credit to this transaction includes a e par value common stock fo 516 share. The A) Paid. In Capital in Excess of Stated-Comenen tor S63,ooo Commot Stock9 Stated Vatue for 549,000 1D) Paid-In Capital in Escess of Stated 62. The purchase of treasury stock Common for $49,000 A) decreases assets and stockholders' equity B) increases assets and stockholders equity Cy increases assets and decreases stockholders equity D) decreases assets and increases stockholders equity 63. Ross Corporation reported the following Common Stock, S5 par, 206,000 shares authorized. 165,000 shares issued $825,00 Paid in Capital in Excess of Par Common 214,00 222,00 Retained Earnings Total Stockholders' Equity Which of the following is included in the entry to record the corporation's purchase of 40,000 shar common stock for $10.00 per share? A) Treasury Stock Common is debited for $400.000. B) Paid-In Capital from Treasury Stock Transactions is credited for $25,000. C) Retained Earnings is debited for $400,000. D) Common Stock $5 Par Value is credited for $200,000 64. On the , cash dividends become a liability of a corporation. A) declaration date B) date of record C) last day of the fiscal year D) payment date 65. The distribution of a stock dividend A) decreases both assets and liabilities B) decreases assets and increase liabilities C) effects only stockholder's equity accounts D) increases both dividends payable and cash