Assessment 6.docx - Assessment 6 1 Which of the following...

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Assessment 6 1. Which of the following is not an advantage of the corporate form of organization?
2. An arbitrary amount assigned by the board of directors to each share of a given class of no-par stock is:
3. Preferred stock that has dividends in arrears is:
4. Quinn Corporation issued 10,000 shares of $20 par value common stock at $50 per share. How much would be considered to be Paid-In Capital in Excess of Par Value from Common Stock?
5. You are given the following information: Common Stock, $80,000 ($80 par) Paid-In Capital in Excess of Par Value—Common Stock, $200,000 Retained Earnings, $0 Assuming that the company only has one class of stock, the book value per share is:
6. The advantages of incorporation include: (Mark all that apply)

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