) A long-term note secured by collateral may be referred to as a a) premium. b)bond. c)debenture. d)mortgage.
1) A long-term note secured by collateral may be referred to as a
a) premium.
b)bond.
c)debenture.
d)mortgage.
2) Which of the following usually represents the largest number of common shares?
a)treasury shares.
b)authorized shares.
c)issued shares.
d)restricted shares.
What is the effect of the declaration of a cash dividend? like increase or decrease to either liability, asset, statement of income,
3) At December 31, 2022, Marigold Inc. has 14200, $4, cumulative
a) the company will owe the preferred shareholders nothing further.
b) the company still has to pay the preferred shareholders $56800, regardless of what amount was declared.
c) the company will still owe the preferred shareholders $2400 and should record a dividend payable for this amount.
d) $2400 will be disclosed as dividends in arrears in the notes to the financial statements.
4) If a corporation declares a 10% stock dividend on its common shares, the account to be debited on the date of declaration is
a)dividends declared.
b) common shares.
c) share capital.
d) stock dividends distributable.
5)Stock Dividends Distributable is classified as a(n)
a) shareholders' equity account.
b) liability account.
c) asset account.
d) expense account.
Trending now
This is a popular solution!
Step by step
Solved in 2 steps
