The balance in the Accumulated Depreciation account represents the 16. a. cash fund to be used to replace plant assets, h amount to be deducted from the cost of the plant asset to arrive at its fair market value. amount charged to expense in the current period. amount charged to expense since the acquisition of the plant asset. c. d. 17. In a corporation's accounting for shares of stock, Treasury shares plus outstanding shares equal a. authorized stock. b. issued stock. c. unissued stock, d. distributable stock, Marion, Inc. has 5,000 shares of 5%, $100 par value, noncumulative preferred stock and 20,000 shares of SI par value common stock outstanding at December 31, 2015, There were no dividends declared in 2014. The board of directors declares and pays a $55,000 dividend in 2015. What is the amount of dividends received by the common stockholders in 2015? 18. $0 b. $25,000 $55,000 d. $30,000 a. c. Foley Manufacturing Corporation purchased 3,000 shares of its own previously issued $10 par common ste for $69,000. As a result of this event, a. Foley's Common Stock account decreased $30,000. b. Foley's total Stockholders' Equity decreased $69,000. c. Foley's Paid-in Capital in Excess of Par Value account decreased $39,000. d. all of the above. 19. 20. Indicate the respective effects of the declaration of a cash dividend on the following balance sheet se Total Stockholders Equity No change Decrease Total Liabilities Decrease Total Assets