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4. all of the following statements are characteristics of the presentation of the stockholders' equity section of the balance sheet EXCEPT for the statement which says that:

a. common stock and preferred stock are part of the pain-in capital

b. common stock is listed before preferred stock in the paid-in capital section.

c. paid- in capital is listed before retained earnings.

d. treasury stock is subtracted from the total paid-in capital and retained earnings.

5. after making four quarterly estimated payments of $3,500 each, a corporation's actual income tax liability for the year is $17,200. the year-end adjusting entry would require:

a. a credit to cash for $3,200

b. a debit to cash for $3,200

c. a debit to income tax expense for $3,200

d. a debit to income tax payable for $3,200

6. the board of directors declared a $2 per share cash dividend on common stock and the corporation had $5,000 shares authorized and 4,000 shares outstanding. The journal entry for the dividend declaration would be a :

a. debit to retained earnings for $8,000 and a credit to cash for $8,000

b. debit to retained earnings for $10,000 and a credit to cash for $10,000

c. debit to retained earnings for $8,000 and a credit to cash dividends payable for $8,000

d.debit to retained earnings for $10,000 and a credit to cash dividends payable for $10,000

7.the board of directors declared a $2 per share cash dividend on common stock and the corporation had 5,000 shares authorized and 4,000 shares outstanding. The journal entry required to distrubute the dividends would be a :

a. debit to cash and a credit to cahs dividends payable

b. debit to cash dividends payable and a credit to cash

c. debit to cash dividends payable and a credit to retained earnings.

d. debit to retained earnings and a credit to cash dividends payable

8. when a stock dividend of less than 20-25% is declared and the market value exceeds the par or stated value of the shares, the total market value of the shares to be distributed should be debited to-----

a. capital stock

b. paid- in capital in exess of par

c. retained earnings

d. stock dividends distributable

9. the purpose of a retained earnings appropriation is to inform readers of the balnace sheet or the retained earnings statement that:

a. a n appropriation is needed because the corporation expects a net loss for the year.

b. no cahs is available to pay dividends

c. such an appropriation is required to pay corporate income taxes.

d. the apporpriate amount of retained earnings is unavailable for dividends.

10. a 10-year bond issue of $400,000, interest rate of 9% paid semiannually, is sold at 110 when the market rate is 8%. The bonds were not sold between interest dates and the straight-line amortization method is used. the entry to record the first interest payment and any nesessary amortization would include:

a credit to bond interest expense of $16,000

b. a credit to cash of $16,000

c. a debit to bond interest expense of $2,000

d. a debit to premium on bonds payable of 2,000

11. The carrying value of bonds is commuted by:

a. adding the bonds payable balance to the bond interest payable account balance

b. adding the discount on bonds payable balance to the bond interest payable account balance

c. subtracting the premium on bonds payable balance from the bonds payable account balance.

d. subtracting the discount on bonds payable balance from the bonds payable account balance.

when i post the original question, i dont get a tool bar, only after an expert has hit reply and i respond, does the tool bar come up. the original question box has nothing but a box to type the question in.

I can only post about 4 lesson questions max on the original post, i'm litterally going broke posting questions that way. it gives me a character limit on the original post.

all the questions have to be typed out. they are in my book and not online. it would be nice to be able to do more than 4 questions on the original post.