A corporation originally issued $7 par value common stock for $13 per share. It purchased the stock for $17 per share. Which of the following is included in the entry to record the sale of 20 shares of treasury stock for $18 per share?  

Preferred stockholders ________. 

Which of the following occurs when a corporation distributes a stock dividend? 

Which of the following describes the financing activities section of the statement of cash flows? 

Which of the following occurs when a cash dividend is declared? 

On the ________, cash dividends become a liability of a corporation. 

Which of the following corporate characteristics is a disadvantage of a corporation

The two basic sources of stockholders’ equity are ________. 

The amount of time a Plaintiff has before filing a lawsuit is called ______________.

Still use the previous elevator incident to answer this question.  Assume you and the defendants cannot reach a settlement, and you have to go to trial. Which party will put on their evidence first – you or the parties you have sued?