acc400r1SAQwk3 - ACC 400 Accounting for Decision Making ACC...

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ACC 400 Accounting for Decision Making ACC 400 Self-Assessment Questions Week Three: Business Operations Note: Answers to questions appear on the last page of this document. Cash received as unearned revenue also increases the liability account of the organization True False Stockholders of a corporation may not transfer their ownership rights True False Characteristics of a bond include: Face value Maturity date Contractual interest rate A bond certificate All of the above Components of the balance sheet include: Assets, liabilities, net income Equity, statements of cash flows, short-term investments Cost-of-goods-sold, manufacturing overhead, non-current assets Assets, liabilities, owners’ equity Revenues and expenses Reasons why an organization reacquires its own stock (treasury stock) include: To reissue shares to officers and employees under bonus and stock compensation plans To increase trading of the company’s stock in the securities market To have additional shares available for use in acquiring other companies
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acc400r1SAQwk3 - ACC 400 Accounting for Decision Making ACC...

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