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Unformatted text preview: Question 1 (1 point) During 2008 Adelphi Company had reported net income but paid no dividends. Comparing the balance sheet at the end of 2008 with the one at the beginning of the year, which of the following would most likely be true? Student response: Student Response Answer Choices a. current assets would be higher b. fixed assets would be higher c. stockholders' equity would be higher d. both assets and stockholders' equity would be higher? e. total liabilities would be lower Score: 0 / 1 Question 2 (1 point) Which of the following is NOT an attribute of a liability? Student response: Student Response Score: 1 / 1 Question 3 (1 point) The maximum number of shares of stock that can be sold and issued as specified in the charter of the corporation is known as Student response: Student Response Score: 1 / 1 Question 4 (1 point) If a company has 500,000 shares of common stock authorized, 300,000 shares issued, and 50,000 shares held as treasury...
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