Please select the correct answer.

5. Two years ago, Terry Wilson purchased a building for $210,000. This year, Wilson gave the building, which now has a current market value of $240,000, to Bonkers Corp. in exchange for 5,000 shares of $10-par common stock. Which journal entry by Bonkers correctly records the issuance of this stock? Accounts and Explanations Debit Credit A. Building 240,000 Common Stock 50,000 Paid-In Capital in Excess of Par-Common 190,000 B. Building 210,000 Common Stock 50,000 Paid-In Capital in Excess of Par-Common Common Stock Common Stock 160,000 240,000 210.000 C. Building 240,000 D. Buildin 210,000 6. Dwayne Health Snacks has outstanding issued at $15 per share, and 2,000 shares of S10 par cumulative preferred stock, which was issued at par. Dwayne Health Snack $26,000. How much is Dwayne's total stockholders' equity? 6,000 shares of $3 par common stock, which was s also has a deficit balance in Retained Earnings of A. $66,000 B. $84,000 C. $110,000 D. $136,000 Ink Corporation has 10,000 shares of 5%, $20 par noncumulative preferred stock, and 37,000 shares of common stock outstanding. Ink declared no dividends in 20X18. In 20X9, Ink declares a total dividend of $54,000. How much of the dividends go to the common stockholders? A. $54,000 B. $44,000 C. $34,000 D. None; it all goes to preferred stockholders. 7. 8. Stock splits A. increase the number of shares of stock issued. B. decrease par value per share. C. both A and B. D. neither A nor B