The corporate form of organization is important to the U. S. economy because Question 14 The authorized shares of capital stock is the number of shares Question 15 In the financial statements, dividends in arrears on cumulative preferred stock should be Question 16 In accounting for a stock split, a company usually Question 17 Which of the following types of corporations is owned or operated by a government unit? Question 18 Under the fair value method, the grant date is the date Question 19 When recording the conversion of preferred stock into common stock, if the total contributed capital eliminated in regard to the preferred stock is less than the common stock par value, the difference is debited to Question 20 Which of the following represents shares of stock that will be issued upon completion of an installment purchase contract? Question 21 Common stock issued to employees through the exercise of stock warrants under a stock option plan that is classified as a non compensatory stock option plan is recorded by the corporation at the Question 22 Which set of accounting principles directly uses the term " reserve "? Question 23 What account should be debited when stock issuance costs are associated with the initial issuance of stock at incorporation? Question 24 A corporation is a legal entity Question 25