When a company issues 39,000 shares of $2 par value common stock for $20 per share, the journal entry for this issuance would include: Multiple Choice eBook A credit to Additional Paid-in Capital for $702,000. Adebit to Additional Paid-in Capital for $78,000 A debit to Cash for $78,000. A credit to Common Stock for $780,000 When a company reports a loss on the sale of a depreciable asset, which of the following is always true? Multiple Choice The company sold the asset for less than fair value. athe company sold the asset for iess than book value. The company sold the asset before the useful life was over The company sold the asset for less than accumulated depreciation. 6 Region Jet has a $69 million liability at December 31, 2021, of which $16 million is payable in 2022. In its December 31, 2021 balance sheet, the company reports the $69 million debt as a: Skipped Multiple Choice eBook $53 million current liability and a $16 million long-term liabiity in the balance sheet s69 million (apg-term liability in the balance sheet $69 million current liability in the balance sheet $16 million current liability and a $53 million long-term liability in the balance sheet Excerpts from TPX Company's December 31, 2021 and 2020, financial statements are presented below: 7 2020 2021 88,000 $ 79, 000 88,00079,000 490,000 373,000 259,000 226,000 830,000 780,000 Total stockholders' equity520,000420,000 79,00057,000 Accounts receivable Inventory Net sales Cost of goods sold Total assets Skipped eBook Net income TPX Company's 2021 return on equity is: (Round your answer to 1 decimal place.) Multiple CHoice 16.8%. 1.6%. 15.2%. 31%. On December 2, Coley Corp. acquired 1,600 shares of its $2 par value common stock for $23 each. On December 20, Coley Corp. resold 1,200 shares for $11 each. Which of the following is correct regarding the journal entry for the resold shares? Skipped Multiple Choice eBook Credit Treasury Stock $13,.200 Credit Treasury Stock $27600 Credit Additional Paid-in Capital $10,800 Debit Cash $17,600