quize 7 - Grade Details 1. Question: Cash dividends are...

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Grade Details 1. Question: Cash dividends are usually not paid on which of the following? Your Answer: class B common stock preferred stock treasury stock CORRECT class A common stock Points Received: 2 of 2 Comments: 2. Question: How is treasury stock shown on the balance sheet? Your Answer: Points Received: 0 of 2 Comments: 3. Question:
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A corporation purchased 1,000 shares of its $5 par common stock at $10 and subsequently sold 500 of the shares at $20. What is the amount of revenue realized from the sale? Your Answer: Points Received: 2 of 2 Comments: 4. Question: In which section of the balance sheet would Treasury Stock be reported? Your Answer: Fixed assets Long-term liabilities Stockholders' equity CORRECT Intangible assets
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Points Received: 2 of 2 Comments: 5. Question: Which of the following is not classified as paid-in capital on the balance sheet? Your Answer: Points Received: 2 of 2 Comments: 6. Question:
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This note was uploaded on 04/19/2011 for the course AC 116 taught by Professor Hill during the Spring '08 term at Kaplan University.

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quize 7 - Grade Details 1. Question: Cash dividends are...

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