Question 28 In the event that the company undergoes liquidation, preferred stockholders: O A Are guaranteed to get their investments back in full. Have first claim on remaining corporate assets after all liabilities are paid. c. May sell their shares for higher amounts than common stock. Have first claim on remaining corporate assets after secured liabilities. O E May retain their proportionate share of voting rights. estion 29 When you see the following numbers on a financial statement, which of the following would be the only correct numbers? O A Equity - $35,000 Assets - $15,000 Liabilities - $20,000 B. Liabilities - $7,000 Equity - 511,000 Assets - $18,000 c Assets - $4,000 Liabilities - $6,000 Equity - $10,000 Liabilities - $5,000 Equity - $17,000 Assets - $12,000 S ection 30 of 2 Question 30 2 points Save Anwar Jane Corp. originally issued 55 par value common stock for 57 per share. Which of the following would be included in the entry to record the purchase of 400 shares of treasury stock for 512 per share? A No joumal entry is required. O Treasury Stock - Common would be credited for 54,800. oc Treasury Stock - Common would be debited for 54,800. O Treasury Stock - Common would be debited for $2,000