Multiple Choices: 26. The claims of the investors in a Corporation is classified properly under: a. John Jones, Capital b. Common Stock c. Preferred Stock d. Stockholders' Equity 27. The buying and selling of goods as does Home Depot is classified as: a. Manufacturing b. Merchandising c. Services d. Marketing 28. The periodic transfer of cost of an intangible asset to expense is called: a. amortization b. depreciation c. depletion 29. The cost of the asset minus the accumulated depreciation is called the: a. net realizable value. b. depreciation c. replacement value d. book value e. both a and d are correct Who has first claims to the Assets of a firm: a. Preferred Stockholders b. Common stockholders c. Creditors 30. If 50,000 shares are authorized, 35,000 shares are issued, and 1,000 shares are reacquired, the number of outstanding shares is: a 50,000. b. 36,000 c. 35,000 d. 34,000 31. 32. Treasury Stock a. an asset b. a liability c. an expense d. a contra-stockholders' Equity