MC2: If a company chooses the fair value option, a decrease in the fair value of the liability is recorded by crediting: a. Unrealized holding gain/loss -Income b. Realized holding gain C. Bonds payable d. Gain on restructuring of debt MC3: On October 1, 2017 Coronado Industries issued 6%, 10-year bonds with a face value of $6,100,000 at 104.0. Interest is paid on October 1 and April 1, with any premiums or discounts amortized on a straight- line basis. Bond interest expense reported on the December 31, 2017 income statement of Coronado Industries would be: a. 85,400 b. 91,500 C. 97,600 d. 170,800 MC4: Rudd Corp. had 700,000 shares of common stock authorized and 300,000 shares outstanding at December 31, 2017. The following events occurred during 2018: Jar 31: Declared 10% stock dividend Jun 30: Purchased 100,000 shares Aug 1: Reissued 50,000 shares Nov 30: Declared 2-for-1 stock split At December 31, 2018, how many shares of common stock did Rudd have outstanding? a b 660,000 630,000 560,000 600,000 d