45.   In regards to the shares of a corporation, which statement is not valid: a. authorized shares may be greater than issued shares b. issued shares may be greater than outstanding shares c. outstanding shares may be greater than authorized, due to any treasury shares held d. treasury shares reduce the number of issued shares to determine outstanding shares

(18) True or False :   Passed dividends on cumulative preferred stock are recorded as a liability.

All equity securities and investments in debt securities that are intended to be sold in the near term are classified as held-to-maturity securities. trading securities. available-for-sale securities. none of these choices.     2.  Any change in the fair value of trading securities is reported on the income statement as part of net income. reported as part of other comprehensive income in the shareholders' equity section of the balance sheet. ignored; only the amortized cost is reflected in the financial statements. reported as a cash outflow in the investing activities section of the statement of cash flows.     3.  A minority active investment with significant influence occurs when the investor owns between 10% and 20% of the voting common stock of the investee. over 50% of the voting common stock of the investee. between 20% and 50% of the voting common stock of the investee. over 50% of the preferred stock of the investee.

Describe the two distinct obligations incurred by a corporation when issuing bonds.