Question 1

Common shareholders always share equally with all other shareholders in dividends.

Accepted Answer

A) True 
 B)False

Question 2

The right of common shareholders to purchase their proportional share of any common stock later issued by the corporation is called a:

Accepted Answer

A) Preemptive right. 
B) Proxy right. 
C) Right to call. 
D) Financial leverage. 
E) Voting right. 
A) Preemptive right. 
B) Proxy right. 
C) Right to call. 
D) Financial leverage. 
E) Voting right.

Question 3

The least amount that the buyers of stock must contribute to the corporation or be subject to paying at a future date is called ________.

Accepted Answer

minimum le

Question 4

Corporations avoid many of the state regulations and controls that proprietorships and partnerships are subject to.

Accepted Answer

A) True 
 B)False

Question 5

A company had a beginning balance in retained earnings of $400,000.It had net income of $50,000 and paid out cash dividends of $55,000 in the current period.The ending balance in retained earnings equals:

Accepted Answer

A) $505,000. 
B) $405,000. 
C) $395,000. 
D) $455,000. 
E) $350,000. 
A) $505,000. 
B) $405,000. 
C) $395,000. 
D) $455,000. 
E) $350,000.

Common shareholders always share equally with all other shareholders in dividends.

The right of common shareholders to purchase their proportional share of any common stock later issued by the corporation is called a:

The least amount that the buyers of stock must contribute to the corporation or be subject to paying at a future date is called ________.

Corporations avoid many of the state regulations and controls that proprietorships and partnerships are subject to.

A company had a beginning balance in retained earnings of $400,000.It had net income of $50,000 and paid out cash dividends of $55,000 in the current period.The ending balance in retained earnings equals:

Introducing Financial Statements

Financial Statements and the Accounting System

Adjusting Accounts for Financial Statements

Reporting and Analyzing Merchandising Operations

Reporting and Analyzing Inventories

Reporting and Analyzing Cash,fraud,and Internal Control

Reporting and Analyzing Receivables

Reporting and Analyzing Long-Term Assets

Reporting and Analyzing Current Liabilities

Reporting and Analyzing Long-Term Liabilities

Reporting and Analyzing Cash Flows

Analyzing and Interpreting Financial Statements

Applying Present and Future Values

Investments

International Operations

Filters

Exam 11: Reporting and Analyzing Equity

Common shareholders always share equally with all other shareholders in dividends.

The right of common shareholders to purchase their proportional share of any common stock later issued by the corporation is called a:

The least amount that the buyers of stock must contribute to the corporation or be subject to paying at a future date is called ________.

Corporations avoid many of the state regulations and controls that proprietorships and partnerships are subject to.

A company had a beginning balance in retained earnings of $400,000.It had net income of $50,000 and paid out cash dividends of $55,000 in the current period.The ending balance in retained earnings equals:

Introducing Financial Statements

Financial Statements and the Accounting System

Adjusting Accounts for Financial Statements

Reporting and Analyzing Merchandising Operations

Reporting and Analyzing Inventories

Reporting and Analyzing Cash,fraud,and Internal Control

Reporting and Analyzing Receivables

Reporting and Analyzing Long-Term Assets

Reporting and Analyzing Current Liabilities

Reporting and Analyzing Long-Term Liabilities

Reporting and Analyzing Cash Flows

Analyzing and Interpreting Financial Statements

Applying Present and Future Values

Investments

International Operations

Filters