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please answer four multiple choice questions 9. On January 1, 2021, Gervin Company had 250.000 shares of its common stock issued and outstanding. Gervin issued

please answer four multiple choice questions image text in transcribed
9. On January 1, 2021, Gervin Company had 250.000 shares of its common stock issued and outstanding. Gervin issued a 7% stock dive 250,000 shares of its common stock issued and 1.000 of number of shares for Gervin to use in baste earnings per share for 2021 , what is the appropriate b. 278,500 c. 264,750 d. 207,500 10. Addams Family Storage, a family-owned corporation, declared a property dividend of 2,000 shares shares had a market value of $45 per purchased in feblared a property didend inter $94,000 as an investment. GE's entry? a. Debit Loss for $4,000 b. Credit Loss for $4,000 c. Debit Gain for $4,000 d. Credit Gain for $4,000 e. None of these. 11. Which of the following is true with respect to a bond issued at a premium? a. the interest payment is more than the interest expense and the bond carrying value b. the interest payment is more than the interest expense and the bond carrying value decreases over time. c. the interest payment is less than the interest expense and the bond carrying value increases over time. d. the interest payment is less than the interest expense and the bond carrying value decreases over time. 12. In recording the first payment to the lessor for a financing lease, assuming it is due upon the signing of the lease, what is the accounting equation impact to lessor? a. assets increase, assets decrease b. assets increase, liabilities increase c. Assets increase and stockholders' equity increases d. Assets decrease and liabilities decrease e. Assets decrease, liabilities decrease and stockholders' equity decreases

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