Montana Company was authorized to issue 135,000 shares of common stock. The company had issued 60,000 shares of stock when it purchased 9,500 shares of treasury stock. The number of outstanding shares of common stock was: Multiple Choice o o o o Flagler Corporation shows a total of $1,225,000 in its common stock account and $1,050,000 in its paid-in capital in excess of par value common stock account. The par value of Flagler's common stock is $7. How many shares of Flagler stock have been issued? Multiple Choice o 150,000, o It cannot be determined o o 32spoo. Curtain Co. paid dvdnd f $10,000; $12,000; and $15,000 during Year 1, Year 2, and Year 3, respectively. The company had 1,500 shares of 7.5% $100 par value preferred stock outstanding that paid a cumulative dividend. The amount of dividends received by the common shareholders during Year 3 would be: Multiple Choice o o o $1,250. o On January 2, Year 1, Torres Corporation issued 31,000 shares of $20 par-value common stock for $27 per share. Which of the following statements is true? Multiple Choice 0 The cash account will increase by $620,000 0 Total equity will increase by $620,000 0 The common stock account will increase by $837000 0 The poid-in capital in excess of par value account will increase by $217,000