ACC 291 Week 4 Practice Quiz | eBooks | Education

ACC 291 Week 4 Practice Quiz

ACC 291 Week 4 Practice Quiz PLDZ-4909 Instant Download Price
In Stock
$ 7.00 USD
UopTutorialStore
Buy and Download Description

ACC 291 Week 4 Practice Quiz

http://issuu.com/lucky269/docs/uoptutorial.docx

 

ACC 291 Week 4 Practice Quiz

 

Practice Question 01

The stockholders of a corporation have unlimited liability.

True

 

False

 

 

Practice Question 05

Which of the following is a disadvantage of the corporate business form?

No income taxes

 

Easy acquisition of capital

 

Government regulation

 

Continuous life

 

 

Practice Question 10

If a corporation issues 1,000 shares of $3 par common stock for $7 a share, how much is the legal capital?

$3,000

 

$7,000

 

$0

 

$4,000

 

 

Practice Question 20

For what reason might a company acquire treasury stock?

To increase the number of shares of stock outstanding

 

To reissue the shares to officers and employees under bonus and stock compensation plans

 

To signal to the stock market that management believes the stock is overpriced

 

To increase profit

 

 

Practice Question 30

Which one of the following is not a right of preferred stockholders?

Priority to the assets in the event of liquidation

 

Priority in relation to dividends

 

Priority voting rights

 

Priority to dividends and assets in liquidation.

 

 

Practice Question 59

If everything else is held constant, what will cause earnings per share to increase?

The purchase of treasury stock

 

The payment of a cash dividend to preferred stockholders

 

The issuance of new shares common stock

 

The payment of a cash dividend to common stockholders

 

 

Practice Question 56

Which of the following does not increase the return on common stockholders’ equity?

An increase in the return on assets ratio

 

An increase in the use of debt financing

 

An increase in the company’s stock price

 

An increase in the company’s net income

 

 

Practice Question 60

When a stock dividend is declared, which of the following accounts is debited?

Common Stock Dividends Distributable

 

Paid-in Capital in Excess of Par Value

 

Common Stock

 

Stock Dividends

 

 

Practice Question 55

Jaylo Inc. had net income of $500,000, net sales of $10,000,000 and paid cash dividends of $200,000 to the common stockholders. How much is Jaylo’s payout ratio?

4%

 

40%

 

20%

 

2%

 

 

Practice Question 54

Consider the following data for a corporation:

Net income

$800,000

Preferred stock dividends

$50,000

Market price per share of stock

$25

Average common stockholders’ equity

$4,000,000

Cash dividends declared on common stock

$20,000

What is the return on common stockholders’ equity?

19.50%

 

20.00%

 

21.25%

 

18.75%

ACC 291 Week 4 Practice Quiz http://issuu.com/lucky269/docs/uoptutorial.docx ACC 291 Week 4 Practice Quiz Practice Question 01 The stockholders of a corporation have unlimited liability. True False Practice Question 05 Which of
Recent Reviews Be the first to Review this product!
0 0 0 0 reviews