ch9 - Question 1(1 point Stacey Company has the following...

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Unformatted text preview: Question 1 (1 point) Stacey Company has the following account balances in its stockholders' equity: Preferred Stock $8,000 Common Stock 10,000 Paid-in Capital in excess of par value 16,000 Retained earnings 25,000 What is the amount of the company's contributed capital? Student response: Student Response Answer Choices a. $59,000 b. $34,000 c. $18,000 d. $16,000 Score: 1 / 1 Question 2 (1 point) Soft Rock, Inc. sold 4,000 shares of its treasury stock to a new investor. Which of the following increased? Authorized Stock; Issued Stock Student response: Student Response Score: 1 / 1 Question 3 (1 point) Donaldson Company issued $5,000 of 10-year bonds paying 10% annual interest. The current market rate of interest on comparable issues is 12%. What is the issue price of the bonds? Student response: Student Response Score: 1 / 1 Question 4 (1 point) Preferred stock Student response: Student Response Score: 1 / 1 Question 5 (1 point) At the date of a bond issue, the effective rate of interest is significantly above the stated rate of interest. If the bond has a $1,000 face value, the At the date of a bond issue, the effective rate of interest is significantly above the stated rate of interest....
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This note was uploaded on 04/29/2010 for the course ACCT 5031 taught by Professor Rusth during the Fall '09 term at University of Houston.

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ch9 - Question 1(1 point Stacey Company has the following...

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