If a corporation issues 2,000 shares of $1 par value common stock for $ 10,000, the journal entry would include a credit to: A.Common Stock for $ 2,000. B.Common Stock for $ 10,000. C.Retained Earnings for $ 2,000. D.Paidminusin Capital in Excess of Parlong dashCommon for $ 10,000. Kunze Corporation has $1 par value Common Stock with 100,000 shares authorized and 25,000 shares issued. The journal entry to record Kunze's purchase of 3,000 shares of common stock at $ 5 per share would be: A. debit Cash for $ 15,000, credit Common Stock for $ 3,000 and credit Paidminusin Capital in Excess of Parlong dashCommon for $ 12,000. B. debit Common Stock for $ 3,000, debit Paidminusin Capital in Excess of Parlong dashCommon for 12,000 and credit Cash for $ 15,000. C. debit Treasury Stock for $ 15,000 and credit Cash for $ 15,000. D. debit Common Stock for $ 15,000 and credit Cash for $ 15,000.

On December 31 of the current year, Pilozzi Company has the following information available: Common Stock $5 million Additional Paidminusin Capital $4 million Retained Earnings $3 million Cash $3 million Investment in Trading Securities $50,000 On December 31 of the current year, can the Board of Directors declare and pay a cash dividend of $ 4 million? A. No, the cash balance is below $ 4 million. B. Yes, if they can borrow some money, or liquidate some assets. C. No, Cash and Retained Earnings are both below $ 4 million. D. No, Retained Earnings is below $ 4 million