27. Two major sub-sections appearing in the paid-in capitalsection of the balance sheet are

Select one:

a. preferred stock and common stock.

b. capital stock and treasury stock.

c. capital stock and additional paid-in capital.

d. paid-in capital and retained earnings.

30. On January 1, Borge Inc. issued $3,000,000, 8% bonds for$2,817,000. The market rate of interest for these bonds is 9%.Interest is payable annually on December 31. Borge uses theeffective-interest method of amortizing bond discount. At the endof the first year, Borge should report unamortized bond discountof

Select one:

a. $153,000.

b. $169,470.

c. $163,547.

d. $164,700.

e. $157,647.

31. Each of the following decreases retained earningsexcept

Select one:

a. All of the provided responses decrease retained earnings.

b. a cash dividend.

c. a stock dividend.

d. a liquidating dividend.

33. Garland Company received proceeds of $188,000 on 10-year, 6%bonds issued on January 1, 2016. The bonds had a face value of$200,000, pay interest semi-annually on June 30 and December 31,and have a call price of 101. Garland uses the straight-line methodof amortization.

What is the carrying value of the bonds on January 1, 2018?

Select one:

a. $190,400

b. $197,350

c. $189,200

d. $200,000

e. $188,454