AC202Exam1AWOA

AC202Exam1AWOA - AC 202 Principles of Accounting Park...

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AC 202 Principles of Accounting Name Alcedo Sanchez Park University Exam 1A-Chapters 13-15 Multiple Choice Questions- ( 2 points each ) Select the ONE, BEST Answer 1. 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. 2. Retained earnings: A. Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception. B. Can only be appropriated by setting aside a cash fund. C. Represent an amount of cash available to pay shareholders. D. Are never adjusted for anything other than net income or dividends. E. All of the above. 1
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The price-earnings ratio is calculated by dividing: A. Market value per share by earnings per share. B. Earnings per share by market value per share. C. Dividends per share by earnings per share. D. Dividends per share by market value per share. E. Market value per share by dividends per share. 4. Bonds can be issued: A. At par. B.
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AC202Exam1AWOA - AC 202 Principles of Accounting Park...

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