Which of the following should be reported for share capital? Select one: O a. The shares authorized O b. All of these choices are correct. O C. The shares issued d. The shares outstanding The statement of financial position Select one: a. Makes very limited use of judgments and estimates. b. Uses fair value for most assets and liabilities. c. All of the choices are correct regarding the statement of financial position. d. Omits many items that are of financial value. Which item below is not a current liability? Select one: a. Unearned revenue b. Trade accounts payable O c. Share dividends distributable d. The currently maturing portion of long-term debt Merchandise sold by Lang Company to its customers last year amounted to $13,720,000; sales returns and allowances were $370,000, sales discounts were $175,000, and freight-out was $140,000. Net sales last year for Lang Company were a. b. d. Select one: O a. $13,350,000. b. $13,720,000. c. $13,175,000. d. $13,035,000