AC202 Quiz1

AC202 Quiz1 - AC 202 Principles of Accounting II Park...

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AC 202 Principles of Accounting II Name__Jered Havens ____________________ Park University Quiz 1A-Chapter 13 Multiple Choice Questions-( 10 points each )Select the ONE, BEST Answer 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. 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. 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.
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AC202 Quiz1 - AC 202 Principles of Accounting II Park...

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