Question 14 Beckham Company has 2,000 shares of 5%, $100 par cumulative preference shares outstanding at December 31, 2017. No dividends have been paid on these shares for 2016 or 2017. Dividends in arrears at December 31, 2017 total O $1,000. O $10,000. O $0. O $20,000. Question 19 King George Company was authorized to issue 100,000 ordinary shares. The company issued 54,000 shares and later purchased 10,000 treasury shares. The number of outstanding ordinary shares is: O 54,000. O 44,000. O 90,000. O 46,000. Question 20 If Kiner Company issues 5,400 ordinary shares with a $5 par value for $96,000, the account Share Capital-Ordinary will be credited for $27,000. Share Premium-Ordinary will be credited for $27,000. Cash will be debited for $69,000. Share Premium-Ordinary will be credited for $96,000