Exam 11: Reporting and Interpreting Stockholders Equity
Exam 1: Business Decisions and Financial Accounting211 Questions
Exam 2: Reporting Investing and Financing Results on the Balance Sheet193 Questions
Exam 3: Reporting Operating Results on the Income Statement235 Questions
Exam 4: Adjustments,financial Statements,and Financial Results246 Questions
Exam 5: Fraud, Internal Control, and Cash188 Questions
Exam 6: Internal Control and Financial Reporting for Cash and Merchandising Operations210 Questions
Exam 7: Reporting and Interpreting Inventories and Cost of Goods Sold214 Questions
Exam 8: Reporting and Interpreting Receivables,bad Debt Expense,and Interest Revenue230 Questions
Exam 9: Reporting and Interpreting Long-Lived Tangible and Intangible Assets266 Questions
Exam 10: Reporting and Interpreting Liabilities235 Questions
Exam 11: Reporting and Interpreting Stockholders Equity253 Questions
Exam 12: Reporting and Interpreting the Statement of Cash Flows208 Questions
Exam 13: Measuring and Evaluating Financial Performance170 Questions
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State laws often restrict dividends to the amount of Retained Earnings.
(True/False)
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Advantages of debt financing over equity financing are that:
(Multiple Choice)
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Which of the following statements about dividends is not correct?
(Multiple Choice)
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A company reported net income of $6 million.During the year the average number of common shares outstanding was 3 million.The price of a share of common stock at the end of the year was $5.There were 400,000 shares of preferred stock outstanding on average and no dividends were declared and the preferred stock is noncumulative.
-Use the information above to answer the following question.The Price/Earnings ratio is approximately:
(Multiple Choice)
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All of the following are a part of contributed capital except:
(Multiple Choice)
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A company issues 1 million shares of preferred stock with a par value of $2 at its market price of $26 per share.The issuance should be recorded with a debit to Cash for:
(Multiple Choice)
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Which of the following statements about the par value of common stock is not correct?
(Multiple Choice)
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Equity and debt financing both have their advantages and disadvantages.Which of the following pairs of phrases below accurately reflect the advantages of both types of financing?


(Short Answer)
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Why is Additional Paid-In Capital recorded for a small stock dividend?
(Multiple Choice)
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The following information is available from the accounting records of the First Corporation:
What is the amount of stockholders' equity for First Corporation?

(Multiple Choice)
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The information below was extracted from the most recent financial statements of Milton Technologies (in millions, except for stock price):
-Use the information above to answer the following question.What is the P/E ratio for the company's stock for the current year?

(Multiple Choice)
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Jackson and O'Neill form a partnership that produces gates.Jackson provides $30,000 of capital while O'Neill contributes $90,000 of capital; they agree to split net income by the same proportion.The partnership's net income is $80,000 for the first year.They did not draw any income out of the business or add any additional capital during the first year.At the end of the year,the partners' equity is:
(Multiple Choice)
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Which of the following is not a characteristic of corporate ownership?
(Multiple Choice)
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If Squid Roe Company's P/E ratio is 12,which of the following statements is correct?
(Multiple Choice)
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One reason why a company may choose a stock split over a stock dividend is that the stock split does not reduce Retained Earnings.
(True/False)
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