How should cumulative preferred dividends in arrears be shown in a corporation's statement of financial position?
a. note disclosure
b. increase in stockholders' equity
c. increase in current liabilities
d. increase in current liabilities for the amount expected to be declared within the year or
operating cycle, and increase in long-term liabilities for the balance

Plastic and steel are substitutes in the production of body panels for certain automobiles. if the price of plastic increases, with other things remaining the same, we would expect: a) the demand curve for plastic to shift to the left. b) the price of steel to fall. c) the demand curve for steel to shift to the left d) nothing to happen to steel because it is only a substitute for plastic. e) the demand curve for steel to shift to the right