The balance sheet of Wawrinka Company showed the following data about its common stock, par $10: authorized shares, 100,000; outstanding shares, 55,000; and issued shares 60,000. Therefore, the number of treasury stock shares was a 40,000 shares b. 45,000 shares . 30,000 shares d 35,000 shares . Need more information ISSUED SHARED 60K 35-=5 Z 10. 11. On January 1, Pete Inc. Issued $1,000,000, 9% 10-vear bond for $939,000. The market rate of interest for these bonds is 10%. Interest is payable annually on December 31. At the end of the first year, what is the balance in the bond discount account? a 361,000 b. $57,100 . 355,510 d $93,900 Laver Company purchased equipment by paying $5,000 cash on the purchase date and agreeing to pay $5,000 every six months during the next four years. The first payment is due six months afier the purchase date. Laver's incremental borrowing rate is 8% The equipment reported on the balance sheet as of the purchase date is closest to: a 345,000 b. $38,664 c. $33,664 d $40,000 Assume the following shares outstanding: Preferred stock, 6%, $50 par value, cumulative, 1,000 shares with 3 years dividends in arrears for 2016, 2017, and 2018. Common stock, $100 par value, 2,000 shares. Total dividends declared in 2019 were $30,000. The total amount of dividends to which common stockholders are entitled is a $12,000 b. $27,000 c $21,000 d $18,000 On July 1, 2018, Connors Corporation issued $300,000, 10-year, 8% bonds. The bonds pay interest in two semi-annual payments beginning January 1, 2019. What is the selling price of the bonds if the market rate of interest at that time was 10% (rounded)? a $262,613 b. $263,120 <. d bonds are sold: a at discount if the stated rate equals market of interest b. exceeds e none above. venus co. purchased land by paying cash on purchase date and agreeing to pay for each next ten years beginning one-year from date. company incremental borrowing is reported balance sheet closest to: o january serena corporation issued with payable july time bond was entry record payment amortization premium will include a: debit expense c in sinner had total liabilities million assets million. it calculate debt-to-equity ratio respectively. .87 c. .46 .52 .54 normal balanee account respectively: credit. credit debit. received issuance would be statement flows under: a. operating activities. financing investing d. these categories because issuing not e. present value periods oo v or ui w n table e.2 annuity o6 ut>