CHAPTER 15
STOCKHOLDERS EQUITY
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State a corporation incorporates in.
Definition of preemptive right.
Chapter 18Financial Planning
MULTIPLE CHOICE
1. A sales forecast that relies heavily on macroeconomic and industry forecasts is called a
a. top-down forceast
b. bottom-up forecast
c. plug figure
d. none of the above
ANS: A
DIF: E
REF: 18.2 Planning for Gr
CHAPTER 14
LONG-TERM LIABILITIES
TRUE-FALSEConceptual
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Bond interest payments.
Debenture bonds.
Definition of serial bon
16 DILUTIVE CHAPTER SECURITIES AND EARNINGS PER SHARE IFRS questions are
available at the end of this chapter. TRUE-FALSE-Dilutive Securities-Conceptual Answer T F
T F F T F T F T F F T F T F T. F. T F No. 1. 2. 3. 4. 5. 6. 7. 8. 9. 10. 11. 12. 13. 14. 15
CHAPTER 20
ACCOUNTING FOR PENSIONS
AND POSTRETIREMENT BENEFITS
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
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1. Companies usually make bond interest payments semiannually, although the interest rate
is generally expressed as an annual rate.True
2. A mortgage bond is referred to as a debenture bond.False
3. Bond issues that mature in installments are called seria
TRUE-FALSEConceptual
1.
A corporation is incorporated in only one state regardless of the number of states in which
it operates.True
2,
The preemptive right allows stockholders the right to vote for directors of the company.
False
3.
Common stock is the r
CHAPTER 13
CURRENT LIABILITIES AND CONTINGENCIES
TRUE-FALSEConceptual
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Zero-interest-bearing note payable.
Dividends in ar
CHAPTER 23
STATEMENT OF CASH FLOWS
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
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Primary
CHAPTER 21
ACCOUNTING FOR LEASES
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
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Benefits o
CHAPTER 19
ACCOUNTING FOR INCOME TAXES
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
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Taxa
CHAPTER 18
REVENUE RECOGNITION
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
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Recognition
CHAPTER 17
INVESTMENTS
IFRS questions are available at the end of this chapter.
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Examples of debt sec
CHAPTER 16
DILUTIVE SECURITIES AND EARNINGS PER SHARE
IFRS questions are available at the end of this chapter.
TRUE-FALSEDilutive SecuritiesConceptual
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CHAPTER 15
STOCKHOLDERS EQUITY
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
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State a corp
CHAPTER 14
LONG-TERM LIABILITIES
IFRS questions are available at the end of this chapter.
TRUE-FALSEConceptual
Answer
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*19.
*20.
Bond int
1. A zero-interest-bearing note payable that is issued at a discount will not result in any
interest expense being recognized. False
2. Dividends in arrears on cumulative preferred stock should be recorded as a current liability.
False
3. Magazine subscri