QUESTION 1 Stockholders' equity consists of which of the following? O A. Long-term assets. O B. Paid-in capital and retained earnings. O C. Paid-in capital and par value. O D. Retained earnings and cash. QUESTION 2 A corporation sold 14,000 shares of its $1 par value common stock at a cash price of $13 per share. The entry to record this transaction would include: O A. A debit to Paid-in Capital in Excess of Par Value, Common Stock for $182,000 O B. A debit to Cash for $14,000. O C. A credit to Common Stock for $182,000. OD. A credit to Common Stock for $14,000. QUESTION 3 A dividend preference for preferred stock means that: O A. Preferred stockholders are allocated their dividends before dividends are allocated to common shareholders. O B. Preferred shareholders are guaranteed dividends O C. Dividends are paid quarterly. OD. Preferred stockholders prefer dividends more than common stockholders