Correct mark 500 out of 500 flag question question

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Question 19CorrectMark 5.00 out of 5.00Flag questionQuestion text(T / F) Plant assets are sometimes wrecked in accidents or destroyed by fire, flood, storm, and other causes. If the asset was not insured, the loss is equal to the book value. If the asset was insured, only the amount of the loss exceeding the amount to be recovered from the insurance company would be considered a loss.
CorrectMarks for this submission: 5.00/5.00.Question 20CorrectMark 10.00 out of 10.00Flag questionQuestion textYou are given the following information: Capital Stock, $80,000 ($80 par)Paid-In Capital in Excess of Par Value—Common, $200,000and Retained Earnings, $400,000Assuming that there is only one class of stock and that all stock was issued on the sameday, what was the sales price of each share?
CorrectMarks for this submission: 10.00/10.00.Question 21CorrectMark 10.00 out of 10.00Flag questionQuestion textWhich one of the following statements would justify the fact that common stock shares issued exceed common stock shares outstanding?
CorrectMarks for this submission: 10.00/10.00.Question 22CorrectMark 10.00 out of 10.00Flag question
Question textCompany Giga declared a cash dividend in December 2016, payable in March 2017. Retained Earnings wouldSelect one:a. increase on the date of payment.b. decrease on the date of declaration. c. increase on the date of declaration.d. decrease on the date of payment.FeedbackYour answer is correct.The correct answer is: decrease on the date of declaration.
CorrectMarks for this submission: 10.00/10.00.Question 23CorrectMark 10.00 out of 10.00Flag questionQuestion textCompany Giga pays 5 shares of stock in Company Jojo to each of Giga's shareholder. This is an example of:
FeedbackYour answer is correct.
CorrectMarks for this submission: 10.00/10.00.Question 24CorrectMark 5.00 out of 5.00Flag questionQuestion text(T / F) The price-earnings ratio equals the current market price per share of common stock divided by EPS. The price-earnings ratio indicates how confident investors feel about a stock's future income potential as compared to other stocks.
CorrectMarks for this submission: 5.00/5.00.

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