If a corporation issues 5,000 shares of $5 par value common stock for $ 90,000, the journal entry would include a credit to: A.Common Stock for $ 90,000. B.Common Stock for $ 65,000. C.Paidminusin Capital in Excess of Parlong dashCommon for $ 90,000. D.Paidminusin Capital in Excess of Parlong dashCommon for $ 65,000.

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.

In general, the order of reporting stockholders' equity on the balance sheet is: A. Preferred Stock, Common Stock, Paidminusin Capital in Excess of Par, Retained Earnings, Treasury Stock. B. Common Stock, Preferred Stock, Paidminusin Capital in Excess of Par, Retained Earnings, Treasury Stock. C. Preferred Stock, Common Stock, Treasury Stock, Paidminusin Capital in Excess of Par, Retained Earnings. D. Retained Earnings, Preferred Stock, Common Stock, Paidminusin Capital in Excess of Par, Treasury Stock. In 2019, Chen Corporation purchased treasury stock with a cost of $ 53,000. During the year, the company declared and paid dividends of $ 9,000 and issued bonds payable for $ 1,200,000. Net cash provided by financing activities for 2019 is: A. $ 1,138,000. B. $ 1,147,000. C. $ 1 ,200,000. D. $ 1,191,000.

In 2019, Forever Young, Inc. sold land for $ 100,000 cash, purchased equipment for $ 18,000 cash and issued bonds for $ 100,000 cash. The Net cash provided by investing activities is: A. $ 82,000. B. $ 182,000. C. $ 118,000. D. $ 200,000. Mary Andrews, Inc. had the following transactions: Cash proceeds on sale of land $ 420,000 Cash proceeds on sale of equipment 150,000 Purchase of treasury stock with cash 51,000 Purchase of equipment with cash 51,000 Issuance of common stock for cash 80,000 On a statement of cash flows prepared under the indirect method, Net cash provided by investing activities is: A. $ 570,000. B. $ 548,000. C. $ 519,000. D. $ 468,000.