White balance of t a) 5200 b) 5450 c) 5630 h e 2017 23 Which of the following Matements is NOT tre boutorok a) The market price of the wack will probably decrease b) A kholder with the he l lo dares Par value per share is reduced to one-third of what it was before the plan d) Total paid-in capital is unchanged. o n es 14 The balance sheet of Werther Coun d the following data about its common ompany showed the following data about its common stock pers outstanding shares, 4,300 and issued share 5.700. Therefore, the number of b) 4.700. 6) 4.300 d) 400 25. Fairfield Corporation issues 100,000 shares of Si par value common stock for $10 per share. This transaction a) increases assets and decreases stockholders' equity b) increases assets and increases stockholders' equity c) increases assets and increases liabilities. d) increases assets and decreases liabilities 26. Innovative Media issues 1,000 shares of 8%, 550 par value preferred stock for $60 per share. Which of the following will be recorded at the time of the issue? a) A debit to Additional Paid-in Capital for $10,000 b) A credit to Cash for $60,000 c) A credit to Preferred Stock for $10,000 d) A credit to Preferred Stock for $50,000 27. The declaration and issuance of a stock dividend: a) Decreases total stockholders' equity and increases common stock. b) Does not change total assets, liabilities, or total stockholders' equity. c) Decreases assets and decreases total stockholders' equity. d) Does not change retained earnings or paid-in capital. 28. The purchase of long-term assets is classified in the statement of cash flows as a(n): a) Operating activity b) Investing activity c) Financing activity d) Noncash activity