If there are any mistakes please check. Please answer all multiple choice questions.

Question 3 Ursula Company declared dividends of $20,000 in fiscal 2017 and paid the $42,000 dividends that were declared in fiscal 2016. Ursula paid the 2017 dividends in early fiscal 2018. How much dividends should the company report in the statement of retained earnings in 2017? $62,000 $20,000 O $42,000 O $0Question 4 Allen Barron has invested $800,000 in a privately held family corporation. The corporation does not do well and must declare bankruptcy. What amount does Barron stand to lose? up to his total investment of $800,000 zero the $800,000 plus any personal assets the creditors demand $400,000Question 5 Your answer has been saved and sent for grading. See Gradebook for score details. Which one of the following is not an ownership right of a shareholder in a corporation? O to vote in the election of directors to declare dividends on the common shares O to share in assets upon liquidation O to share in corporate profitQuestion 6 At January 1, the beginning of the year, a company had 10,000 common shares outstanding. On February 19, the company issued 2,000 shares; and on September 9, the company declared and distributed a 10% stock dividend. At the end of the year, how many common shares are outstanding? 12,000 11,000 13,000 13,200