Question 20 Not yet answered Marked out of 1.00 P Flag question On September 1, 2019, CNN Company's balance sheet indicates there are 1,800,000 shares of $120 par value common shares in the Common Stock account and $18,000,000 in the Additional Paid-in Capital account. There are 4,000,000 shares authorized. On September 2, CNN splits its stock_ 2 for 1. How many CNN shares of common stock are issued and outstanding immediately after the stock split? Select one: O A. 1,200,000 o B. 3,600,000 C. 4,800,000 O D. 16,000,000 Question 18 Not yet answered Marked out of 1.00 P Flag question Avery Mart borrows $630,000 on July 1 with a short-term loan that has an annual interest rate of 5% which is payable on the first day of each subsequent quarter. What will Avery Mart need to accrue on August 31, assuming that no accrual has yet been made? Select one: O A. $5,250; Increase liabilities, increase expenses O B. $10,500; Decrease liabilities, decrease cash C. $31,500; Decrease liabilities and decrease cash O D. $10,500; Increase liabilities, decrease retained earnings