assignment_3(Ch15) - INTERMEDIATE ACCOUNTING Assignment...

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INTERMEDIATE ACCOUNTING Assignment #3(CH15) Due Date: Mar 23, 2010(Tuesday) Student name: Student ID: Please write your answer in each blank 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15. 1. Stockholders' equity is generally classified into two major categories: A. contributed capital and appropriated capital. B. appropriated capital and retained earnings. C. retained earnings and unappropriated capital. D. earned capital and contributed capital. 2. Direct costs incurred to sell stock such as underwriting costs should be accounted for as 1. a reduction of additional paid-in capital. 2. an expense of the period in which the stock is issued. 3. an intangible asset. A. 1 B. 2 C. 3 D. 1 or 3 3. Which of the following best describes a possible result of treasury stock transactions by a corporation? A. May increase but not decrease retained earnings. B. May increase net income if the cost method is used. C. May decrease but not increase retained earnings. D. May decrease but not increase net income. 4. Which of the following features of preferred stock makes the security more like debt than an equity instrument?
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A. Participating B. Voting C. Redeemable D. Noncumulative 5. Which dividends do not reduce stockholders' equity? A.
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assignment_3(Ch15) - INTERMEDIATE ACCOUNTING Assignment...

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