For Questions 45 & 46 Assume there were 100,000 shares of Montage Co. common stock outstanding. 45. Montage Co. declared a 10% stock dividend when the market price per common share was $30, what amount would be transferred from Retained Earnings because of the stock dividend? Answer 46. How many dollars would be added to the common stock par value account a Arsult of the stock dividend? Answer 47. The term "Salvage Value can be best described A. The amount an Intangible asset can be purchased 3. Expected market value of a fully depreciated asset C. Future expected cost to replace a depreciable asset D. Cost of a depreciable asset minus accumulated depreciation E. None are correct 48. When prices are rising, which method of inventory would likely be used for an antiques store? A. Weighted average B. FIFO c. LIPO D. Specific Identification ENIFO 49. A financial statement showing total current assets and total current abilities is known as A. Congenital balance sheet 8. Complex balance sheet C. Classified balance sheet D. Comprehensive balance sheet E. Comparative balance sheet 50. Which of the following is not an accurate description of the Allowance for Uncollectible Accounta? Aan estimate of the amount of accounts receivable that will not be collected 1. an income statement account C. a contra account D. a balance sheet account E. None of the above 2237 words 90 od DW FB DD FO GI 711 F10 22 & I ( 9 ) 0 + - 7 8 delete