Fall 2011 BLC AIS 100 final exam review - questions

Fall 2011 BLC AIS 100 final exam review - questions - AIS...

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AIS 100 BLC – FINAL EXAM REVIEW 1. All of the following are true about a corporation except: a. must abide by the laws b. is a legal entity c. has the right to vote d. must pay taxes 2. Proof of stock ownership is evidenced by a printed or engraved form known as a: 3. In order to pay a cash dividend 4. Dividends can take the following forms: 5. When issuing cash dividends, the board of directors commits the corporation to a binding legal obligation on: a. the declaration date b. the date of record c.the date of payment d. none of the above 6. A stock dividend results in: 7. Upon receiving a stock dividend:
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8. Corporations issue stock dividends 9. The statement of cash flows classifies cash receipts into which of the following activities? a. Investing and Financing b. Investing, Financing, and Operating c. Operating and Financing d. Investing, Financing, and Liquidating 10. Cash flow activities that include the cash effects of transactions that create revenues and expenses and thus enter in to the determination of net income are referred to as: 11. The source of cash generally considered to be the best measure of whether a company can generate sufficient cash to continue as a going concern and to expand is provided by
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