Poland Corp issued 1,000 share of $1 par Common Stock for $20 market price. What will be included in the journal entry to record this stock issue for Poland?

	a.	A debit to common stock for $1,000
	b.	A credit to paid in capital for $19,000
	c.	A debit to cash for $1,000
	d.	A credit to common stock for $20,000

At the end of the accounting period, Ryan Company had $8,000 of common stock, paid-in capital in excess of par valuecommon of $10,300, retained earnings of $8,500, and $6,000 of treasury stock. What is the total amount of stockholders' equity?

	a.	$20,800
	b.	$12,300
	c.	$32,800
	d.	$24,800

The Max Corporation had the following shares of stock outstanding at December 31, Year 3: Common Stock, $50 par value, 40,000 shares outstanding; and Preferred Stock, 5 percent, $100 par value, cumulative, 10,000 shares outstanding. Dividends for Year 1 and Year 2 were in arrears. On December 31, Year 3, Max declared total cash dividends of $300,000. The total amounts payable to preferred stockholders and common stockholders, respectively, are:

	a.	$50,000 / $100,000.
	b.	$100,000 / $200,000.
	c.	$50,000 / $250,000.
	d.	$150,000 / $150,000.

A company previously purchased 500 shares of Treasury Stock at a cost of $10 per share. The company now resells 100 of these Treasury shares for $15 per share. What will the journal entry for the resale include:

	a.	Credit to treasury stock for $1,000
	b.	Credit to cash for $1,500
	c.	Debit to cash for $1,000
	d.	Debit to treasury stock for $1,000