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AC202Quiz1AAnswers[1]

AC202Quiz1AAnswers[1] - 4 The amount of income earned per...

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Quiz1A Key 1. The right of common shareholders to protect their proportionate interest in a corporation by having the first opportunity to buy additional proportionate shares of common stock issued by the corporation is called a: A. Preemptive right. b. Proxy right. c. Right to call. d. Financial leverage. e. Voting right. Difficulty: Easy Learning Objective: C1 Wild - Chapter 13 #90 2. Par value of a stock refers to the: Difficulty: Easy Learning Objective: C2 Wild - Chapter 13 #96 3. Stockholders' equity consists of : Difficulty: Medium Learning Objective: C2 Wild - Chapter 13 #101
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Unformatted text preview: 4. The amount of income earned per share of a company's common stock is known as: a. Restricted retained earnings per share. B. Earnings per share. c. Continuing operations per share. d. Dividends per share. e. Book value per share. Difficulty: Easy Learning Objective: A1 Wild - Chapter 13 #121 5. Record the following transactions of a company in general journal form: (a) Reacquired 8,000 of its own $10 par value common stock at $40 cash per share. The stock was originally issued at $15 per share. (b) Sold 2,000 shares of the stock reacquired under part (a) at $43 cash per share. (c) Sold 3,000 shares of the stock reacquired under part (a) at $39 cash per share. Difficulty: Medium Learning Objective: P5 Wild - Chapter 13 #244 Category # of Questions Difficulty: Easy 3 Difficulty: Medium 2 Learning Objective: A1 1 Learning Objective: C1 1 Learning Objective: C2 2 Learning Objective: P5 1 Wild - Chapter 13 5...
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