AC202Exam1SB

AC202Exam1SB - AC 202 Principles of Accounting NamePark...

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Unformatted text preview: AC 202 Principles of Accounting NamePark University Exam 1A-Chapters 13-15 Multiple Choice Questions- ( 2 points each ) Select the ONE, BEST Answer 1. 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. E. Premiums and discounts. 1 2. Retained earnings: A. Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception. B. Can only be appropriated by setting aside a cash fund. C. Represent an amount of cash available to pay shareholders. D. Are never adjusted for anything other than net income or dividends. E. All of the above. 3. The price-earnings ratio is calculated by dividing: A. Market value per share by earnings per share. B. Earnings per share by market value per share. C. Dividends per share by earnings per share. D. Dividends per share by market value per share. E. Market value per share by dividends per share. 4. Bonds can be issued: A. At par. B. At a premium. C. At a discount. D. Between interest payment dates. E. All of the above. 5. Amortizing a bond discount: A. Allocates a part of the total discount to each interest period. B. Increases the market value of the Bonds Payable. C. Decreases the Bonds Payable account. D. Decreases interest expense each period. E. Increases cash flows from the bond....
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AC202Exam1SB - AC 202 Principles of Accounting NamePark...

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