Question 32 8 points Save Answer Snack Co has the following information related to Stockholders Equity. The number of Treasury shares are Authorized Shares Par Value Issued Shares Outstanding Shares Treasury Shares 5,000 $10 3,000 1.000 ? 4,000 Treasury Shares OA 1,000 Treasury Shares OB. 2,000 Treasury Shares , Cannot be determined OD. Question 33 8 points Save Answer Preferred stock can have many features. Which of the following is/are a potential feature(s) of Preferred stock? 1. Shares can be converted into common stock II. Preference in dividends over common stock III. Shares can be redeemed by the corporation at a fixed price VI. Shares can accumulated dividends and pay dividends in arrears All of the above OA Il only OB 1,1l, and III only , I and II only OD. Question 34 8 points Save Ans Hurst Farms issued 5,000 shares of $2 par value stock for $10 a share. transaction includes a to Common Stock. The journal entry to record the Credit of $10,000 OA Debit of $10,000 OB. Credit of $40,000 . Debit of $40,000 OD Question 35 8 points Save Ans On March 1, 2020 Tiger River repurchases 40 shares of its own $1 par value common stock at $10 per share. What is the journal entry on March 1, 2020? Cash $400 O A. Common Stock $400 $400 Treasury Stock OB. Cash $400 Cash $400 OC. $400 Treasury Stock Treasury Stock Par Value Cash $360 $40 OD $400