Question 1 2 pts The account Unrealized Gain (Loss) on Investments should be included on the: statement of retained earnings. balance sheet as an adjustment to the asset account balance sheet as an adjustment to stockholders'equity. income statement as other revenue (expense). Question 2 2 pts Richards Corporation had net income of $250,000 and paid dividends to common stockholders of $50,000. It had 50,000 shares of common stock outstanding during the entire year. Richards Corporation's common stock is selling for $35 per share. The price- earnings ratio is: 2 times. 7 times. 14 times. 5 times Question 3 2 pts Assume the following sales data for a company: Current year .......$325,000 Prior year...........$250.000 What is the percentage increase in sales from the prior year to the current year? 76.9% 50% 70 Question 4 2 pts Nebraska Inc. issues 3,000 shares of common stock for $45,000. The stock has a par value of $10 per share. The journal entry to record the stock issuance would include a credit to Common Stock for: $30,000 $15,000. $3,000 $45.000