Question 9 correct mark 250 out of 250 preferred

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Preferred stock is called preferred because it usually has two preferences over common stock. These preferences relate to: (Please only check one option) Select one or more: a. Dividends and distribution of assets if the corporation is dissolved. b. Voting rights. c. Par value and dividends. d. The preemptive right.
Treasury Stock is normally reported as: Select one or more:
c. A liability account. d. An expense account. When treasury stock is resold at a price above cost: Select one or more:
c. A revenue account is credited. d. Additional Paid-in Capital is increased. When treasury stock is acquired (the ±rm purchase its own stock), what is the e²ect on assets and stockholders' equity?
Question Correct Mark 2.50 out of 2.50 Which of the following is the potential feature of preferred stock? Select one or more: 9 a. Redeemable. b. Convertible. c. Cumulative. d. All other three choice are potential features of preferred stock.
Question 10 The balance of Retained Earning at the end of the year represents: Correct Mark 2.50 out of 2.50
/ Question 11 Correct Mark 2.50 out of 2.50 Question 12 Correct Mark 2.50 out of 2.50 Question 13 Correct Mark 2.50 out of 2.50 Question 14 Correct Mark 2.50 out of 2.50 c. Total contributions from owners less withdrawals over the life of the company. d. Current year's pro±ts less payments to owners.

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