The bottom of the second question is a bit cut at the end of the paragraph. It reads " What is the amount of cash dividends to be paid if a $1 per share common stock dividend is declared?"

92. The Minneapolis and Iron Range Corporation issues 10,000 shares of S50 par value preferred stock for cash at $70 per share. The entry to record this transaction would consist of a debit to Cash for $700,000 and a credit or credits to Preferred Stock for $700,000 Preferred Stock for $500,000 and Paid-In Capital in Excess of Par Value-Preferred Stock for $200,000 a. b. c. Preferred Stock for $500,000 and Retained Earnings for $200,000 d. Paid in Capital from Preferred Stock for $700,000 e Preferred Stock for $500,000, and Unrealized Holding Gains and Losses-Equity for $200,000 93. The charter of the Kansas, Osage, and Oklahoma Corporation provides for the issuance of 100,000 shares of common stock. If the corporation originally iss 60,000 shares of common stock and 5,000 shares of common stock were subsequently reacquired, what is the amount of cash dividends to be paid if per share common stock dividend is declared? a. $60,000 b $5,000 c $100,000 d. $55,000 e $75,000