TB MC Qu. 11-54 (Algo) Fixit Corporation issued... Fixit Corporation issued 44,000 shares of $10 par value common stock at its current market price of $35. How does this event affect total stockholder equity? Multiple Choice It increases by $1,100,000 It is unaffected It increases by $1,540.000 It increases by $440,000 TB MC Qu. 11-50 (Algo) On January 2, Year 1, Torres Corporation... On January 2, Year 1, Torres Corporation issued 14,000 shares of $10 por volue common stock for S14 per share. Which of the following statements is true? Multiple Choice The Common Stock account will increase by $996,000 The Cash account will increase by $140,000 Total stockholders' equity wil increase by $140,000 The Poidin Capital in Excess of Par Value account will increase by $56.000. TB MC Qu. 10-64 (Algo) On January 1, Year 1, Jones Company issued bonds with a... On January 1, Year 1, Jones Company issued bonds with a $290,000 face value, a stated rate of interest of 20%, and a 5-year term to maturity. The bonds were issued at 98. Interest is payable in cash on December 31st of each year. The company amortizes bond discounts and premiums using the straight- line method. What is the amount of interest expense shown on Jones' income statement for the year ending December 31, Year 1? Multiple Choice $19,140 $22,620 $20,300 $21.460