October 1. What amount should Dixon report for interest payable
in its December 31, Year 1 balance sheet?
$17,500
$16,000
$11,667
$10,667
Question 9. (TCO E) A primary source of stockholders' equity is
income retained by the corporation.
appropriated retained earnings.
contributions by stockholders.
both income retained by the corporation and contributions by
stockholders.
Question 10. (TCO F) Which of the following statements about
property dividends is not true?
A property dividend is usually in the form of securities of other
companies.
A property dividend is also called a dividend in kind.