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