Financial Accounting > QUESTIONS & ANSWERS > Acct 212 Week 6 Quiz (All)

Acct 212 Week 6 Quiz

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Flag this Question Question 13 pts (TCO 7) Stockholders of a corporation directly elect the board of directors. president of the corporation. chief financial officer of the corporation chairpers ... on of the board. Flag this Question Question 23 pts (TCO 7) The basic unit of ownership for a corporation is dividends. stock. retained earnings. capital. Flag this Question Question 33 pts (TCO 7) The difference between the issue price of the stock and the par value of the stock is market value. par value. additional paid-in capital. preferred stock. Flag this Question Question 43 pts (TCO 7) Reasons that a company would purchase treasury stock include all of the following except management wants to avoid a takeover by an outside party. it needs the stock for distribution to employees under stock purchase plans. it wants to increase net assets by buying its stock low and reselling it at a higher price. management wants to decrease earnings per share of common stock. Flag this Question Question 53 pts (TCO 7) The authority to declare a dividend lies with the CFO. shareholders. SEC. Board of Directors. Flag this Question Question 63 pts (TCO 7) The amount of owners' equity attributable to each share of stock is known as the earnings per share. book value per share. market value per share. preferred value per share. Flag this Question Question 73 pts (TCO 1) The financial statement that reports cash receipts and cash payments classified according to the company's major activities of operating, investing, and financing is the income statement. balance sheet. statement of cash flows. statement of operating activities. [Show More]

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