ACCT 701 Module 6 Assessment Review 2018.docx - Module 6...

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Module 6 Assessment Review 2018Question1Which of the following is not an advantage of the corporate form of organization?Select one:a. Double taxation.b. Limited liability of stockholders.c. Continuous existence of the entity.d. Easy transfer of ownership.
Question2An arbitrary amount assigned by the board of directors to each share of a given class of no-par stockis:Select one:
Question3Preferred stock that has dividends in arrears is:Select one:
Question4Quinn Corporation issued 10,000 shares of $20 par value common stock at $50 per share. Howmuch would be considered to be Paid-In Capital in Excess of Par Value from Common Stock?Select one:
c. $700,000.d. $500,000.e. $300,000.Question5You are given the following information:Common Stock, $80,000 ($80 par)

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Term
Fall
Professor
Dr. Jo McGee
Tags
Accounting, value common stock

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