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Question 19 04 04 pts the aquatics corporation issues

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Question 190.4 / 0.4 ptsThe Aquatics Corporation issues only common stock. It has total stockholders’ equity of$200,000 and 50,000 outstanding shares. The par value of each share is $3. The bookvalue per share of stock is:Correct!$4
$150,000$3$16Question 200.4 / 0.4 ptsThe date on which a list of stockholders is compiled so that dividend checks may bemailed to them is called the:
Question 210.4 / 0.4 ptsStockholders expect to receive a certain amount of money in return for their investmentsin corporations. When they come in the form of cash, these returns are called:
cash dividendspar valuesstock dividendsQuestion 220.4 / 0.4 ptsAll of the following would typically be treated as revenue expendituresexceptthepayment for a:
Question 230.4 / 0.4 ptsIf a batch of linens is expected to have a useful life of less than one year, it should berecorded as a(n):intangible assetCorrect!
current assetlong-term assetdepreciable expenseQuestion 240.4 / 0.4 ptsThe Coral Reef Adventure Resort plans to transport guests to its underwater facility in asubmarine. The subcost $250,000, has a salvage value of $10,000, and has an estimated useful life of48,000 hours, or 6 years’ use. During the first year of the sub’s operation, it was used for8,000 hours. Using the units of production method of depreciation, calculate the sub’sdepreciation for the first year.
Question 250.4 / 0.4 ptsWhen a piece of property or equipment is purchased, it is generally recorded at its__________ value
Correct!
Quiz Score:
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Term
Spring
Professor
Brancato
Tags
Balance Sheet, Cash Flow Statement, Depreciation, Dividend, Generally Accepted Accounting Principles

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