Question: please help me. 1/3 questions Stated value stock is: a. An amount assigned to par value stock by the state of incorporation. b. The difference

please help me. 1/3 questions
please help me. 1/3 questions Stated value stock is: a. An amount
assigned to par value stock by the state of incorporation. b. The
difference between the par value of stock and the amount below or

Stated value stock is: a. An amount assigned to par value stock by the state of incorporation. b. The difference between the par value of stock and the amount below or above par value paid-in by the stockholder. c. No-par stock that has an assigned "stated" value per share. d. Another name for redemption value. e. The market value of the stock on the date of issuance. The board of directors of a corporation: a. Is elected by the corporate registrar. b. Does not have the power to bind the corporation to contracts, due to lack of mutual agency. c. Is responsible for overseeing corporate activities. d. May not also be executive officers of the corporation, due to the separate entity principle. e. Are responsible for day-to-day operations of the business. A company issued 70 shares of $30 par value preferred stock for $4,000 cash. The journal entry to record the issuance is: a. Debit Cash $4,000; credit Preferred Stock $2,100, credit Paid-in Capital in Excess of Par Value, Preferred Stock $1,900. b. Debit Investment in Preferred Stock \$2,100; credit Cash \$2,100. c. Debit Preferred Stock $2,100, debit Investment in Preferred Stock $1,900; credit Cash $4,000. d. Debit Cash $4,000; credit Preferred Stock $4,000. e. Debit Cash $2,100; credit Preferred Stock $2,100

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