Time left 0:39:04 Question 35 Not yet answered Marked out of 1.00 P Flag question If common stock is issued for an amount greater than par value, the excess should be credited to a. Legal Capital. b. Paid-in Capital in Excess of Par. C. Cash. d. Retained Earnings. Question 34 Not yet answered Marked out of 1.00 Flag question A partner invests into a partnership a building with an original cost of $360,000 and accumulated depreciation of $160,000. This building has a $280,000 fair value. As a result of the investment, the partner's capital account will be credited for a. $200,000. b. $360,000. c. $480,000. d. $280,000. Question 37 Not yet answered Marked out of 1.00 P Flag question Samir, Inc. has 2,000 shares of 5%, $10 par value, cumulative preferred stock and 50,000 shares of $1 par value common stock outstanding at December 31, 2020. What is the annual dividend on the preferred stock? a. $10,000 in total b. $5 per share c. $1,000 in total d. $.05 per share