The reduction of par or stated value of stock by issuance of a proportionate number of additional shares is termed a stock split liquidating dividend preferred dividend stock option If the market rate of interest is lower than the contractual rate of interest, bonds will sell at a discount. at a premium. at face value. only after the stated rate of interest is increased If Jordan River Company issues 3,000 shares of $5 par value common stock for $225,000. the account Cash will be debited for $210,000 Paid-in Capital in excess of Par Value will be credited for $15,000 Paid-in Capital in excess of Par Value will be credited for $210,000 Common Stock will be credited for $225,000 Expenditures that add to the utility of fixed assets for more than one accounting period are capital expenditures utility expenditures committed expenditures revenue expenditures How is treasury stock shown on the balance sheet? as a decrease in stockholders' equity as an asset treasury stock is not shown on the balance sheet as an increase in stockholders' equity On September 1, 2016. Boise Company purchased a roller machine at a coal of $180,000 that has a depreciable cost of $135,000 and an estimated useful life of 3 years and 30,000 hours Using the double-declining balance depreciation method, calculate depreciation expense for the first year (partial year). $59, 940 $40, 200 $30, 150 $22, 613 All Mine Corporation has 90,000 shares of $25 par value stock outstanding that has a current market value of $60. If the corporation issues a 4-for-1 stock split, the number of shares outstanding will be 72,000 12,000 360,000 36,000