Question 1

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 2

A corporation issued 5,000 shares of $10 par value common stock in exchange for some land with a market value of $60,000.The entry to record this exchange is:

Accepted Answer

A)    
B)    
C)    
D)    
E)    
A)    
B)    
C)    
D)    
E)

Question 3

The right of common shareholders to protect their proportionate interest in a corporation by having the first opportunity to buy additional proportionate shares of common stock 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 4

_____________________ is a general term that refers to any shares issued to obtain owner financing in a corporation.

Accepted Answer

The answer of _____________________ is a general term that refers...

Question 5

Dividend yield is the percent of cash dividends paid to common shareholders relative to the:

Accepted Answer

A) Common stock's market value. 
B) Earnings per share. 
C) Investors' purchase price of the stock. 
D) Amount of retained earnings. 
E) Amount of cash. 
A) Common stock's market value. 
B) Earnings per share. 
C) Investors' purchase price of the stock. 
D) Amount of retained earnings. 
E) Amount of cash.

Question 6

On August 31,2013,Victory Corporation's common stock is priced at $30 per share before any stock dividend or split,and the stockholders' equity section of its balance sheet appears as follows.Assume that the company declares and immediately distributes a 15% stock dividend.   
-What is the total amount in the Paid-In Capital in Excess of Par account immediately after the stock dividend?

Accepted Answer

A) $537,000 
B) $195,000 
C) $366,000 
D) $100,000 
E) $231,100 
A) $537,000 
B) $195,000 
C) $366,000 
D) $100,000 
E) $231,100

Question 7

The following data has been collected about a company's stockholders' equity accounts:   The treasury shares were all purchased at the same price.The cost per share of the treasury stock is:

Accepted Answer

A) $1.15 
B) $1.28 
C) $11.50 
D) $10.50 
E) $10.00 
A) $1.15 
B) $1.28 
C) $11.50 
D) $10.50 
E) $10.00

Question 8

Changes in accounting estimates are:

Accepted Answer

A) Considered accounting errors. 
B) Reported as prior period adjustments. 
C) Accounted for with a cumulative "catch-up" adjustment. 
D) Extraordinary items. 
E) Accounted for in current and future periods. 
A) Considered accounting errors. 
B) Reported as prior period adjustments. 
C) Accounted for with a cumulative "catch-up" adjustment. 
D) Extraordinary items. 
E) Accounted for in current and future periods.

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

A corporation issued 5,000 shares of $10 par value common stock in exchange for some land with a market value of $60,000.The entry to record this exchange is:

The right of common shareholders to protect their proportionate interest in a corporation by having the first opportunity to buy additional proportionate shares of common stock issued by the corporation is called a:

_____________________ is a general term that refers to any shares issued to obtain owner financing in a corporation.

Dividend yield is the percent of cash dividends paid to common shareholders relative to the:

The following data has been collected about a company's stockholders' equity accounts: The treasury shares were all purchased at the same price.The cost per share of the treasury stock is:

Changes in accounting estimates are:

Introducing Financial Accounting

Accounting System and Financial Statements

Adjusting Accounts for Financial Statements

Reporting and Analyzing Merchandising Operations

Reporting and Analyzing Inventories

Reporting and Analyzing Cash and Internal Controls

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 and International Operations

Accounting for Partnerships

Accounting With Special Journals

Filters

Exam 11: Reporting and Analyzing Equity

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

A corporation issued 5,000 shares of $10 par value common stock in exchange for some land with a market value of $60,000.The entry to record this exchange is:

The right of common shareholders to protect their proportionate interest in a corporation by having the first opportunity to buy additional proportionate shares of common stock issued by the corporation is called a:

_____________________ is a general term that refers to any shares issued to obtain owner financing in a corporation.

Dividend yield is the percent of cash dividends paid to common shareholders relative to the:

The following data has been collected about a company's stockholders' equity accounts: The treasury shares were all purchased at the same price.The cost per share of the treasury stock is:

Changes in accounting estimates are:

Introducing Financial Accounting

Accounting System and Financial Statements

Adjusting Accounts for Financial Statements

Reporting and Analyzing Merchandising Operations

Reporting and Analyzing Inventories

Reporting and Analyzing Cash and Internal Controls

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 and International Operations

Accounting for Partnerships

Accounting With Special Journals

Filters