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: a. Issue price of the stock. B. Value assigned to a share of stock by the corporate charter. c. Market value of the stock on the date of the financial statements. d. Maximum selling price of the stock. e. Dividend value of the stock. Difficulty: Easy Learning Objective: C2 Wild - Chapter 13 #96 3. Stockholders' equity consists of : a. Long-term assets. B. Contributed capital and retained earnings. c. Contributed capital and par value. d. Retained earnings and cash. e. Premiums and discounts. 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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This note was uploaded on 10/31/2010 for the course AC 201 taught by Professor Leland during the Fall '10 term at Park.

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

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