For the multiple choice questions, please write the letter corresponding to your answer on the line provided on the answer sheet. An accelerated depreciation method A. reconds more deprecistion expense over the asset's life than does the straight-fine method B. is required for assets that become technologically obsolete before they physically wear ced C. records more depreciation expense in the early years of an ssset'v life and less in the later yoars D. depreciates an asset over a shorter life than does the straightiline method E. both (a) and (c) are correct The date of record is the date on which: A. the company annorinces its earnings to its stockholders: B. dividends are paid C. the company announces it will pay dividends D. ownership of stock entitles the stockholder to receive a dividend E. more than one of the above are correct If compounding is decreised from a monthly to an annual basis, the effect on the present value of a lump sum and alia future value of a lump sum would be: XYZ Company issued 5,000 shares of its $8 par value common stock for $14 per share. The journal entry to record the issuance of the stock would include a: A. debit to paid-in capital-common for $30,000 B. credit to common stock for $70,000 C. debit to cash for $40,000 D. credit to common stock for $40,000 E. more than one of the above choices are correct Which of the following is true? A. authorized shares outstanding shares issued shares B. outstanding shares authorized shares issued shares C. issued shares outstanding shares authorized shares D. outstanding shares issued shares authorized shares E. authorized shares issued shares outstanding shares