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Exam 10: Stockholders Equity

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Question 31

Multiple Choice

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In terms of total sales,assets,and earnings,the dominant form of business organization is the:

A) Sole proprietorship.
B) Partnership.
C) Corporation.
D) Limited liability company (LLC) .

E) A) and D)
F) A) and B)

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Question 32

Multiple Choice

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Common stockholders usually have all of the following rights except:

A) To receive dividends when declared.
B) To share in the distribution of assets.
C) To elect board of directors.
D) To participate in the day-to-day operations.

E) B) and D)
F) A) and B)

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Question 33

Multiple Choice

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The declaration and issuance of a stock dividend:

Financial information for Retro Designs includes the following selected data: What is the company's price-earnings ratio?

Describe the primary advantages and disadvantages of a corporation in comparison to a sole-proprietorship or partnership.

Which of the following statements regarding the corporate form of business is correct?

In the event a corporation is dissolved,common stockholders receive preference over preferred stockholders in the distribution of assets.

Cumulative preferred stock means that dividends accumulate interest during the year.

Over the first four years of the company's life,it earned the following net income (loss) : $6,000;$3,000;$6,000,and ($2,000) .If the company's ending retained earnings is $10,000 after year 4,what is the average amount of dividends paid per year?

When a company issues 25,000 shares of $1 par value common stock for $10 per share,the journal entry for this issuance would include:

When shares of another corporation are purchased,what is the effect on total stockholders' equity?

Financial information for Accessories Unlimited includes the following selected data: What is the company's earnings per share?

The return on equity measures the ability of company management to generate earnings from the resources that owners provide.

Tropical Rainwear issues 1,000 shares of its $20 par value preferred stock for cash at $22 per share.Record the issuance of the preferred shares.

Angel investors are investors that focus on companies at or near bankruptcy.

We can estimate the average purchase cost of treasury stock per share by dividing the treasury stock balance by the number of shares repurchased.

Treasury Stock is normally reported as:

Which of the following has the highest expected return to the investor?

No journal entry is made to record a stock split.

Financial information for Retro Designs includes the following selected data: What is the company's earnings per share?