19 Promissory notes that require the issuer to make a series of payments consisting of both interest and principal are known as debenture notes discounted notes installment notes d. indenture notes 20. Acorporation had the following stocks: 60,ooo shares of common stock issued and outstanding with a $9 par and 55,000 shares issued and outstanding of non- cumulative, nonparticipating, 8% preferred stock with a $20 par. What is the maximum amount payable to preferred stockholders? $540,000 $452,000 88,000 4,400 a. b. C. d. 7, 25 points Inc. is a newly formed corporation with an authorization of 100,000 shares of mulative preferred stock, $50 par and 200,000 shares of common stock, urnalize the following transactions relating to Fragment's stock using the on the following page