27. Two major sub-sections appearing in the paid-in capitalsection of the balance sheet are
Select one:
a. preferred stock and common stock.
b. capital stock and treasury stock.
c. capital stock and additional paid-in capital.
d. paid-in capital and retained earnings.
30. On January 1, Borge Inc. issued $3,000,000, 8% bonds for$2,817,000. The market rate of interest for these bonds is 9%.Interest is payable annually on December 31. Borge uses theeffective-interest method of amortizing bond discount. At the endof the first year, Borge should report unamortized bond discountof
Select one:
a. $153,000.
b. $169,470.
c. $163,547.
d. $164,700.
e. $157,647.
31. Each of the following decreases retained earningsexcept
Select one:
a. All of the provided responses decrease retained earnings.
b. a cash dividend.
c. a stock dividend.
d. a liquidating dividend.
33. Garland Company received proceeds of $188,000 on 10-year, 6%bonds issued on January 1, 2016. The bonds had a face value of$200,000, pay interest semi-annually on June 30 and December 31,and have a call price of 101. Garland uses the straight-line methodof amortization.
What is the carrying value of the bonds on January 1, 2018?
Select one:
a. $190,400
b. $197,350
c. $189,200
d. $200,000
e. $188,454
