If Insurance Expense was $7,100, and there was a decrease in Prepaid insurance of 54,700, what would be the cash amount paid for Insurance? $4,700 $11,800 $2,400 $7.100 QUESTION 48 Buck Company has $200,000 of preferred stock redemption value and $900,000 of dividends in arrears. If 100,000 pferred shares are outstanding, what is the book value per share of proferred stock? (Round the final answer to the nearest cent) $9.00 per share $11.00 per share $2.00 per share $7.00 per share QUESTION 49 The interest rate specifind in the bond indenture is called the: market rate discount rate contract rate effective rate QUESTION 50 What is the entry to restrict $40,000 for plant expansion? Debit Cash credit Retained Earning Appropriate for plant expansion Debit Retained Earnings Appropriated for plant expansion: credit Retained Earnings Debit Retained Earrings, credit Retained Earnings Appropriated for plant expansion Debit Retained Earnings, Credit Cash