ACCO 112-Partial Test ll-workshop 7 Il. Exercise-Complete the following sentences. (30 points) has a separate Leant entange apart from its owners. feature of preferred stock gives the preferred stockholders the right to receive 2. The 3. The paid-in capital section of the balance sheet consists of two classifications: 4. Par value of stock represents the 5. If stock is issued in exchange for noncash assets, the assets should be valued at the current-year dividends and unpaid prior-year dividends before common stockholders receive any dividends and for the protection of corporate per share that must be retained in the busines of the consideration whichever is more clearly evident. or the assets . A gorporation's own stock that has been reacquired by the corporation but not canceled is called V. Exercise - Select the correct answer. (10 points) A $1,000 face value bond with a quoted price of 98 is selling for $1,000. 1000 y 981+-980 b) $980 c. $908 d. $98. A bond with a face value of $200,000 and a quoted price of 102% has a selling price of a. $240,225 b. $204,025 c $200,225 d$204,250 200,000 x 1031251,- 04,25 the market interest rate is 5%, a $10,000, 6%, 10-year bond that pays interest annually would sell amount a. less than face value. b equal to face value