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Cider Company issued 1,000 shares of $10 par value common stock to stockholders, in exchange for $15,000 cash. Which of the following correctly describes the impact of this transaction on Cider's financial statements? Multiple Choice A $15,000 investment is reported as a long-term investment. Stockholders have invested $25,000 as stockholders' equity. Common stock is reported at $15,000 in stockholders' equity. Additional paid-in capital of $5,000 is reported in stockholders' equity. Which of the following journal entries is correct when a business entity purchases a building by paying cash and by signing a note payable for the balance? Multiple Choice XXX Building Cash Notes Payable XXX xxx XXX Building Cash XXX XXX Cash Notes Payable Building XXX XXX XXX Building Cash Notes Payable XXX XXX Pumpkin Company's retained earnings increased $34,000 during the current year. What was Pumpkin's current year net income or loss given that Pumpkin declared $61,000 of dividends during this year? Multiple Choice Net income was $27,000. O Net income was $95,000 Net loss was $95,000. Net loss was $27,000