AC302-Unit3-Quiz

AC302-Unit3-Quiz - 1. Question : On January 1, Roberts...

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Unformatted text preview: 1. Question : On January 1, Roberts reported total stockholders' equity of $1,300. During the year, $50 of dividends were declared and paid, donated land with a donor book value of $14 and a current fair value of $38 was received, additional common stock was issued for $300, and treasury stock was acquired for $22. The reported total stockholders' equity at December 31 was $1,406. What was the reported net income or loss for the year? 2. Question : In calculating earnings per share, a company uses the treasury stock method when 3. Question : How will a company's working capital and net income be affected by the recording of a cash dividend on the declaration date? (Assume the dividend is paid on a later date.) Working Capital Net Income 4. Question : Which statement best represents the relationship between date of declaration, date of record and ex-dividend date, and date of payment, for a...
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AC302-Unit3-Quiz - 1. Question : On January 1, Roberts...

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