{"id":49152,"date":"2018-02-20T23:50:30","date_gmt":"2018-02-20T23:50:30","guid":{"rendered":"https:\/\/writemyessayfree.com\/acc-291-week-3-chapter-11-practice-quiz-1"},"modified":"2017-08-16T12:20:56","modified_gmt":"2017-08-16T12:20:56","slug":"acc-291-week-3-chapter-11-practice-quiz-1","status":"publish","type":"post","link":"https:\/\/www.benedictsol.com\/blogs\/acc-291-week-3-chapter-11-practice-quiz-1\/","title":{"rendered":"ACC 291 Week 3 Chapter 11 Practice Quiz 1"},"content":{"rendered":"

In this file ACC 291 Week 3 Chapter 11 Practice Quiz 1 you can find right answers on the following questions:<\/span><\/b><\/p>\n

1. Which of the following is not an advantage of a corporation?<\/p>\n

2. Which of the following is a disadvantage of a corporation<\/p>\n

3. Which of the following statements is false?<\/p>\n

4. ABC Corporation issues 1,000 shares of $10 par value common stock at $12 per share. In recording the transaction, credits are made to:<\/p>\n

5. XYZ, Inc. sells 100 shares of $5 par value treasury stock at $13 per share. If the cost of acquiring the shares was $10 per share, the entry for the sale should include credits to:<\/p>\n

6. In the stockholders’ equity section, the cost of treasury stock is deducted from:<\/p>\n

7. Preferred stock may have priority over common stock except in:<\/p>\n

8. M-Bot Corporation has 10,000 shares of 8%, $100 par value, cumulative preferred stock outstanding at December 31, 2011. No dividends were declared in 2009 or 2010. If M-Bot wants to pay $375,000 of dividends in 2011, common stockholders will receive:<\/p>\n

9. Entries for cash dividends are required on the:<\/p>\n

10. Which of the following statements about small stock dividends is true?<\/p>\n

11. All but one of the following is reported in a retained earnings statement. The exception is:<\/p>\n

12. A prior period adjustment is:<\/p>\n

13. In the stockholders’ equity section of the balance sheet, common stock:<\/p>\n

14. Which of the following is not reported under additional paid-in capital?<\/p>\n

15. Katie Inc. reported net income of $186,000 during 2011 and paid dividends of $26,000 on commonstock. It also has 10,000 shares of 6%, $100 par value, noncumulative preferred stock outstanding. Common stockholders’ equity was $1,200,000 on January 1, 2011, and $1,600,000 on December 31, 2011. The company’s return on common stockholders’ equity for 2011 is:<\/p>\n

16. When a stockholders’ equity statement is presented, it is not necessary to prepare a(an):<\/p>\n

17. The ledger of JFK, Inc. shows common stock, common treasury stock, and no preferred stock. For this company, the formula for computing book value per share is:<\/p>\n","protected":false},"excerpt":{"rendered":"

In this file ACC 291 Week 3 Chapter 11 Practice Quiz 1 you can find right answers on the following questions: 1. Which of the following is not an advantage of a corporation? 2. Which of the following is a Read More …<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-49152","post","type-post","status-publish","format-standard","hentry"],"_links":{"self":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/49152","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/comments?post=49152"}],"version-history":[{"count":0,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/posts\/49152\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/media?parent=49152"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/categories?post=49152"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.benedictsol.com\/blogs\/wp-json\/wp\/v2\/tags?post=49152"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}