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Question 4CorrectMark 1.50 out of 1.50Flag questionQuestion text
(T/F) A debit balance in the Retained Earnings account is identified as a deficit.Select one:True FalseFeedbackThe correct answer is 'True'.Question 5CorrectMark 1.50 out of 1.50Flag questionQuestion text(T / F) "Capital stock authorized" is the maximum number of shares of stock that a corporation can issue as designated in its charter.Question 6CorrectMark 1.50 out of 1.50Flag question
Question text(T/F) Cash dividends are not a liability of the corporation until they are declared by the board of directors.Question 7CorrectMark 1.50 out of 1.50Flag questionQuestion text(T/F) Preferred stock has contractual preference over common stock in certain areas.Question 8CorrectMark 1.50 out of 1.50Flag question
Question text(T / F) Assuming a company has not issued any preferred shares, the return on averagecommon stockholders' equity equals net income available to common stockholders divided by average common stockholders' equity.Select one:True FalseFeedbackCorrect.The correct answer is 'True'.Question 9CorrectMark 1.50 out of 1.50Flag questionQuestion text(T/F) A 3-for-1 common stock split will increase total stockholders’ equity but reduce the par or stated value per share of common stock.Question 10CorrectMark 1.50 out of 1.50
Flag questionQuestion text(T/F) Retained earnings that are restricted are unavailable for dividends.