Refer to the following list of liability balances at December 31, 2017.

Accounts Payable $22,000 Employee Health Insurance Payable 1,450 Employee Income Tax Payable 400 Estimated Warranty Payable 1,200 Long-Term Notes Payable (Due 2021) 37,000 FICAOASDI Taxes Payable 1,560 Sales Tax Payable 1,270 Mortgage Payable (Due 2022) 7,000 Bonds Payable (Due 2023) 53,000 Current Portion of Long-Term Notes Payable 7,500

What is the total amount of current liabilities? A) $35,380 B) $27,880 C) $27,480 D) $26,280

The following information is from the December 31, 2017 balance sheet of Lawson Corporation.

Preferred Stock, $100 par $560,000 Paid-In Capital in Excess of ParPreferred 43,000 Common Stock, $1 par 190,000 Paid-In Capital in Excess of ParCommon 510,000 Retained Earnings 191,500 Total Stockholders' Equity $1,494,500

What was the average issue price of the common stock shares? (Round your answer to the nearest cent.) A) $1.88 B) $1.00 C) $2.68 D) $3.68

Assume the following information for Petra Sales, Inc.:

Common Stock, $1.00 par, 232,000 shares issued, 186,000 shares outstanding Paid-In Capital in Excess of ParCommon: $1,770,000 Retained Earnings: $2,450,000 Treasury Stock: 26,000 shares purchased at $12 per share

If Petra Sales purchases an additional 13,000 shares of treasury stock at $18 per share, what number of shares will be shown as issued and outstanding? A) 18 issued; 186,000 outstanding B) 219,000 issued; 186,000 outstanding C) 232,000 issued; 173,000 outstanding D) 232,000 issued; 186,000 outstanding

A corporation has 18,000 shares of 13%, $50 par cumulative preferred stock outstanding and 34,000 shares of no-par common stock outstanding. Dividends of $22,000 are in arrears. At the end of the current year, the corporation declares a dividend of $208,000. What is the dividend per share for preferred stock and for common stock? (Round your answer to the nearest cent.) A) The dividend per share is $5.00 to preferred stock and $6.65 per share to common stock. B) The dividend per share is $11.56 to preferred stock and $0 per share to common stock. C) The dividend per share is $7.72 to preferred stock and $2.03 per share to common stock. D) The dividend per share is $11.56 to preferred stock and $2.03 per share to common stock.

Which of the following best describes the appropriation of retained earnings? A) restricting part of retained earnings for expansion or contingencies B) setting cash aside for expansion C) designating certain amounts of retained earnings for cash dividends that are required to be paid to shareholders D) limiting company transactions in order to boost earnings