questions 67 through 72 please.

Preferred stockholders have higher voting rights than common stockholders. D) Preferred stockholders may sell their shares for a price higher than that of common stock. Which of the following occurs when a stockholder invests cash in a corporation in exchange for stock? A) both liabilities and stockholders' equity are increased B) both assets and stockholders' equity are increased C) one asset is increased and another asset is decreased D) both assets and liabilities are increased Bradley Corporation issued 10,000 shares of common stock. The stock has a par value of $10 per share and was sold for cash at $12 per share. The adjusting entry would include the following: A) debit to Cash for $100,000 B) debit to Common Stock for $100,000 C) credit to Additional Paid in Capital for $20,000 D) credit to Cash for $120,000 Bradley Corporation issued 1,000 shares of preferred stock. The stock has a par value of $100 per share and was sold for cash at $102 per share. The adjusting entry would include the following: A) debit to Cash for $100,000 B) credit to Preferred stock for $100,000 C) credit to Additional Paid in Capital for $102,000 D) credit to Cash to $102,000 Which of the following is a true about the effect of the recording of a stock split? A) it will decrease total assets. B) it will increase total liabilities. C) it will increase total equity D) it will have no effect on total equity Which of the following occurs when a previously declared dividend is paid? A) assets increase B) stockholders' equity increases C) liabilities decrease D) assets remain unchanged Which of the following occurs when a cash dividend is declared? A) liabilities remain unchanged B) stockholders' equity decreases C) liabilities decrease D) assets increase