Self Test

Self Test - 1. Which one of the following is not a right of...

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1. Which one of the following is not a right of stockholders? A. B. To share proportionately in all managemen C. To share proportionately in corporate asse D. To share proportionately in any new issues
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2. Characteristics of the corporate form of organization include all of the following except A. B. formality of profit distribution. C. variety of ownership interests. D. unlimited liability of stockholders. 3. Categories of stockholders' equity include all of the following except A. B. Capital stock. C. Earned capital stock. D. Retained earnings.
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4. Additional paid-in capital is not affected by the issuance of A. B. par value stock. C. no-par stock. D. preferred stock. 5. All of the following are reasons for purchasing treasury stock except to A. B. increase the number of shareholders. C. increase the earnings per share and return D. provide tax efficient distributions to shareh
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6. The entry to record the retirement of treasury stock would include a debit to A. B. Treasury stock for the cost of the treasury C. Common Stock for the par value of the trea D. Treasury Stock for the par value of the sha 7. All of the following are features of preferred stock except A. B. convertible into common stock. C. preference as to dividends. D. voting.
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8. The most common type of preferred stock is A. B.
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This note was uploaded on 02/09/2010 for the course BUS 101 taught by Professor Noname during the Spring '10 term at KCTCS.

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Self Test - 1. Which one of the following is not a right of...

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