I'm unsure of numbers 4 7 1 Outstanding common stock is A Stock that is performing well on the New York Stock Exchange B Stock that has been authorized by the state for issue C Stock issued plus treasury stock (D, Stock in the hands of shareholders 2 Preferred stock is called preferred because it usually has two preferences over common stock These preferences relate to A Dividends and voting rights B Par value and dividends C The preemptive right and voting rights D Dividends and distribution of assets if the corporation is dissolved 3 The correct order from the smallest number of shares to the largest number of shares is A Authorized, issued, and outstanding B Outstanding, issued, and authorized C Issued, outstanding, and authorized D Issued, authorized, and outstanding 4 A company issued 1,000 shares of $4 par value preferred stock for $6 per share What is true about the journal entry to record the issuance A Credit Preferred Stock $4,000 B Credit Cash $5,000 C Credit Preferred Stock $5,000 D Credit Additional Paid In Capital $5,000 5 A company issued 1,000 shares of $4 par value preferred stock for $6 per share What is true about the journal entry to record the issuance A Credit Preferred Stock $5,000 B Credit Cash $5,000 C Credit Additional Paid in Capital $2,000 D Credit Additional Paid In Capital $1,000 6 The debit for the above transaction would include or be A Cash for $4,000 B Preferred stock for $5,000 C Common stock for $1,000 D Cash for $6,000 7 Treasury stock A is a contra asset account B is an equity account C is a contra equity account D is an expense account

Question

I'm unsure of numbers 4 7 1  Outstanding common stock is  A  Stock that is performing well on the New York Stock Exchange  B  Stock that has been authorized by the state for issue  C  Stock issued plus treasury stock  (D, Stock in the hands of shareholders  2  Preferred stock is called preferred because it usually has two preferences over common stock  These preferences relate to  A  Dividends and voting rights  B  Par value and dividends  C  The preemptive right and voting rights  D  Dividends and distribution of assets if the corporation is dissolved  3  The correct order from the smallest number of shares to the largest number of shares is  A  Authorized, issued, and outstanding  B  Outstanding, issued, and authorized  C  Issued, outstanding, and authorized  D  Issued, authorized, and outstanding  4  A company issued 1,000 shares of $4 par value preferred stock for $6 per share  What is true about the journal entry to record the issuance  A  Credit Preferred Stock $4,000 B  Credit Cash $5,000 C  Credit Preferred Stock $5,000 D  Credit Additional Paid In Capital $5,000 5  A company issued 1,000 shares of $4 par value preferred stock for $6 per share  What is true about the journal entry to record the issuance  A  Credit Preferred Stock $5,000 B  Credit Cash $5,000 C  Credit Additional Paid in Capital $2,000 D  Credit Additional Paid In Capital $1,000 6  The debit for the above transaction would include or be  A  Cash for $4,000 B  Preferred stock for $5,000 C  Common stock for $1,000 D  Cash for $6,000 7  Treasury stock  A  is a contra asset account B  is an equity account C  is a contra equity account D  is an expense account

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I'm unsure of numbers 4-7 1. Outstanding common stock is: A. Stock that is performing well on the New York Stock Exchange. B. Stock that

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