When

2 comma 0002,000

shares of

$ 3$3

stated value common stock is issued at

$ 16$16

per share, ________.

A.the difference between the issue price and the stated value is credited to

PaidminusIn

Capital in Excess of

StatedminusCommon

B.the account titled

PaidminusIn

Capital in Excess of

StatedminusCommon

is used to record the issue price of the stock

C.

the accounting is exactly the same as the accounting for par value stock

D.Common Stock

long dash

$ 3$3

Stated is credited for $ 32 comma 000$32,000

C

The purchase of treasury stock ________.

A.

decreases assets and stockholders' equity

B.

decreases assets and increases stockholders' equity

C.

increases assets and stockholders' equity

D.

increases assets and decreases stockholders' equity

Which of the following is the correct description of dividends in arrears?

A.

the cumulative amount of dividends that were paid in previous years

B.

the amount of dividends that will be paid in the next year

C.

the cumulative amount of dividends that were not paid in previous years

D.

the amount of dividends that were paid after the payment date