Treasury stock is stock issued by the U.S. Treasury Department. stock purchased by a corporation and held as an asset. corporate stock issued by the treasurer of a company. On January 1 , Swifty Corporation had 2200000 shares of $10 par value common stock outstanding. On March 31 , the company declared a 20% stock dividend. Market value of the stock was $18/ share. As a result of this event, Swifty's Paid-in Capital in Excess of Par account increased \$3520000. Swifty's total stockholders' equity was unaffected. Swifty's Stock Dividends account increased $7920000. All of these answer choices are correct. A separate paid-in capital account is used to record each of the following except the issuance of no-par stock. stated value stock. treasury stock above cost. par value stock. When stock is issued for legal costs incurred in forming a corporation, the transaction is recorded by debiting Organization Expense for the par value of the stock. market value of the stock. stated value of the stock. book value of the stock. Sheffield, Inc., has 4100 shares of 6%,$100 par value, noncumulative preferred stock and 41000 shares of $1 par value common stock outstanding at December 31,2020 . If the board of directors declares a $99500 dividend, the $24600 will be held as restricted retained earnings and paid out at some future date. preferred stockholders will receive 1/10th of what the common stockholders will receive. preferred stockholders will receive the entire $99500. preferred stockholders will receive $24600 and the common stockholders will receive $74900