QUESTION 16 The financial statements must disclose in the stockholders' equity section of the balance sheet all of the following regarding common stock except O Number of shares authorized Number of shares issued O Number of shares outstanding in the market O Number of shares recently exchanged in the market QUESTION 18 Assume that a CPA fails to make an adjusting entry to record taxes payable at year end. What is the result? O Liabilities will be understated and Expenses will be overstated O Liabilities will be overstated and Net Income will be understated. O Expenses will be understated and Retained Earnings will be overstated O Expenses will be overstated and Net Income will be understated QUESTION 19 What term best describes the goal to record expenses in the same period as the resulting revenue that was generated by those expenses O Period Concept O Revenue Recognition Principle O Conservatism O Matching Principle QUESTION 20 General Motors issued S10.000.000.6%. 5-year bonds dated January 1 2020 on January 1, 2020 The bonds pay interest semi-annually on June 30 and December 31 The bonds are issued to yield 4% What is the cash payment on these bonds each period related to interest? O $300.000 O S400.000 O $200.000 O $600.000