If you own 600 shares (22?% of a?corporations stock) and the corporation issues 17,000

new?shares, how many total shares will you have after exercising your preemptive? rights?

A.

340

B.

588

C.

0

D.

940

Lionworks, Inc. issues ,500 shares of$42 par common stock for $47 per share. The amount credited to paid?in capital in excess of par? is:

A.

$164,500.

B.

?$0.

C.

$147,000.

D.

$17,500.

Bob's Bakery made a basket purchase involving four assets. Their market values were?

A: $50,000?;

?B:

$46,000

?C:

$48,000?;

and?

D:

$56,000.

Robbins Company has given you the following information from its aging of Accounts Receivable. Using this? information, determine the amount of the journal entry to record the estimated uncollectible accounts.

Current	$24,500		11?% uncollectible
31?60 days	,400		10?% uncollectible
61?90 days	,300		17?% uncollectible
91 and up	,700		32?% uncollectible

The current balance in Allowance for Doubtful Accounts is a $948 credit.

A.

$948

B.

$1,142

C.

$3,038

D.

$2,090