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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Treasury stock is a corporation's own stock that has been issued and subsequently repurchased by the corporation.
(True/False)
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Which one of the following statements about earnings per share (EPS)is correct?
(Multiple Choice)
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Stock dividends and stock splits are similar in all of the following ways except:
(Multiple Choice)
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A company has 110,000 shares authorized,50,000 shares issued,and 5,000 shares of treasury stock.How many shares are outstanding?
(Multiple Choice)
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At the end of the prior year,Atoka Industries reported the following account balances:
The treasury stock arose from a purchase of 10,000 shares of common stock for $78 per share.If the 10,000 treasury shares are issued for $50 per share in in the current year,what journal entry must be prepared to record the transaction?

(Multiple Choice)
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If a company does not have any accumulated other comprehensive income (loss),stockholders' equity is the:
(Multiple Choice)
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Nova,Inc.is considering declaring a $100,000 cash dividend.Nova has a cash balance of $20,000 and Retained Earnings balance of $100,000.Nova should:
(Multiple Choice)
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A dividend date of record is the date on which the corporation:
(Multiple Choice)
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Preferred stock has some distinctly different characteristics from common stock.Which of the characteristics below is not related to preferred stock?
(Multiple Choice)
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Use the information above to answer the following question.What journal entry will record the reissuance on July 3?
(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 company's return on equity (ROE)for the current year?

(Multiple Choice)
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A company reported net income of $5.6 million.At the beginning of the year,3.4 million shares of common stock were outstanding and at the end of the year,3.6 million shares were outstanding.No dividends were declared.The EPS is approximately:
(Multiple Choice)
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An LLC is different from a corporation in that an LLC has:
(Multiple Choice)
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