Wawona Corporation Stockholders' Equity section includes the following information: Common Stock $ 10,000 Paid-in Capital in Excess of Par-Common 4,000 Retained Earnings 6,700 Preferred Stock 8,000 Paid-in Capital in Excess of Par-Preferred 10,000 Total paid-in capital is: Group of answer choices $32,000 None of the choices are correct. $38,700 $45,000 $36,000

On January 1, 2016, Morris issues $600,000 of 11%, 15-year bonds at a price of 102. The straight-line method is used to amortize any bond premium or discount. What is the total interest expense for the life of these bonds?

Group of answer choices

$1,002,000

$936,000

$964,000

$978,000

$990,000

A corporation has issued 25,000 shares of $100 par common stock and holds 3,000 of these shares as treasury stock. If the corporation declares a $2 per share cash dividend, what amount will be recorded as cash dividends?

Group of answer choices

$44,000

None of the choices are correct.

$50,000

$22,000

$25,000