RandallHallAC202Exam1

RandallHallAC202Exam1 - AC 202 Principles of Accounting...

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AC 202 Principles of Accounting Name Randall Hall Park University Exam 1A-Chapters 13-15 Multiple Choice Questions- ( 2 points each ) Select the ONE, BEST Answer 1. Stockholders' equity consists of : B. Contributed capital and retained earnings. 2. Retained earnings: E. All of the above. 1
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3. The price-earnings ratio is calculated by dividing: A. Market value per share by earnings per share. 4. Bonds can be issued: E. All of the above. 5. Amortizing a bond discount: D. Decreases interest expense each period. 6. A company may retire bonds by: E. All of the above.
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At acquisition, debt securities are: C. Recorded at cost. 8. Long-term investments can include: E. All of the above. 9. Foreign exchange rates fluctuate due to changes in : E. All of the above. 10. When a credit sale is denominated in a foreign currency, the foreign exchange rate used to record the sale is the current exchange rate: E. On the date of the sale.
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RandallHallAC202Exam1 - AC 202 Principles of Accounting...

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