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QUESTION 17 Outstanding shares represent the 1. maximum number of shares that can be sold by the corporation. 2. number of sh
QUESTION 19 When bonds are issued by a company, the accounting entry shows an 1. increase in assets and an increase in stockh please answer all four multiple choice questions
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Answer #1

17.

2.number of Shares that are currently held by Stockholders

18.

3. a Contra-liability account that reduces the bond to market value at the issue date

19.

3.increase in assets and an increase in liabilities.

20.

1.Market rate of interest is less than the stated interest rate at the time of issue

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