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Multiple Choice Question 41 Swifty, Inc. has 3000 shares of 5%, $50 par value, cumulative preferred stock and 60000 shares of $1 par value com rmon stock outstrdng at December 31 2016 and December 31, 2017. The board of directors dedared and paid a $2200 dividend in 2016. In 2017, $18500 of dividends are dedared and paid. What are the dividends received by the preferred and common shareholders in 20177 Preferred Common O $9250 O $7500 O $5700 $12800 $9250 11000 12800 5700 Multiple Choice Question 30 On le Inc. has 1000 s ares of 7% $ 10 par value, amulative preferred stock and 53000 shares of $1 par value con annual dividend on the preferred stock? on stock outstanding at December 31 2017 what s the O $7 per share O $700 in total O $0.07 per share O $7000 in total Multiple Choice Question 74 If Sunland Company issues 5300 shares of $5 par value common stock for $186000, O Paid-In Capital in Excess of Par will be credited for $159500. O Paid-In Capital in Excess of Par will be credited for $26500. O Cash will be debited for $159500. O Common Stock will be credited for $186000. Multiple Choice Question 68 On January 1, 2017, Crane Company is lanuary 1, 2017 sued $480 000 10 year, 4% bonds at 102. Interest is payable anually or January 1 The journal ertry to re ord the transat non O Cash 4896000 Bonds Payable 4896000 O Cash 4800000 Bonds Payable 4800000 O Cash 4896000 Bonds Payable Premium on Bonds Payable 4800000 96000 O Premium on Bonds Payable 96000 Cash 4800000 Bonds Payable 4896000 Multiple Choice Question 96 Which of the following adjustments to convert net income to net cash provided by operating activities is correct? O Taxes Payable O Prepaid Expenses O Accounts Receivable O Inventory decrease increase increase decrease increase decrease decrease increase

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