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Question 32 5 pts If the market interest rate is greater than the stated interest rate on bonds, the bonds will sell: O at a
Question 32 5 pts If the market interest rate is greater than the stated interest rate on bonds, the bonds will sell: O at a premium. O at a discount. O at the stated interest rate. O at face value. Question 33 5 pts If a corporation issues 6000 shares of $10 par value common stock for $115,000, the journal entry would include a debit to cash and: a credit to Common Stock for $60,000 and a credit to Gain on Sale of Stock for $55,000. a credit to Common Stock for $115,000. O a credit to Paid-in Capital in Excess of Par-Common for $115,000. O a credit to Common Stock for $60,000 and a credit to Paid-in Capital in Excess of Par-Common for $55,000. Question 34 5 pts The chronological order of dates for cash dividends are: date of record, date of declaration, date of payment. o date of declaration, date of record, date of payment. Odate of annual meeting, date of record, date of declaration, date of payment. date of annual meeting, date of payment, date of record, date of declaration. Question 35 5 pts Nichols, Inc. has 1,300 shares of 5%, $100 par value, cumulative preferred stock and 75,000 shares of $1 par value common stock outstanding at December 31 of the current year and has declared a dividend for the year. What is the annual dividend that will be paid to the preferred stockholders? $0. Preferred stockholders are not guaranteed an annual dividend payment. $6,500 O $3,750 O $130,000
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