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Exam 10: Stockholders Equity

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Question 51

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A corporation has lower taxes and less paperwork relative to sole-proprietorships and partnerships.A corporation has higher taxes and more paperwork relative to sole-proprietorships and partnerships.

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Question 52

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Authorized common stock refers to the total number of shares:

A) Outstanding.
B) Issued.
C) Issued and outstanding.
D) That can be issued.

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Question 53

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All publicly held corporations in the United States are regulated by the Securities and Exchange Commission.

Dividends are paid on all shares issued by the company including treasury stock.Dividends are not paid on treasury shares repurchased by the company.

Beach Boards reports dividends per share of $1.40 and net income for the year of $150,000.Dividend yield is 3.5%.What is Beach Boards' current stock price?

Par value has a direct relationship to the market value of the common stock.Par value is the legal capital per share of stock that's assigned when the corporation is first established.Par value has no relationship to the market value of the common stock.

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

The Common Stock account on a company's balance sheet is measured as:

Large stock dividends and stock splits are issued primarily to:

Which of the following is not a potential feature of preferred stock?

Paid-in Capital is the amount stockholders have invested in the company.

We compute the return on equity ratio by dividing net income by ending stockholders' equity.We compute the return on equity ratio by dividing net income by average stockholders' equity.

Journal entries to record cash dividends are made on the:

When we reissue treasury stock,we report the difference between its cost and the cash received as an increase/decrease in additional paid-in capital.

On June 1,the board of directors declares a cash dividend to be paid on June 30 to shareholders of record on June 15.On which date would the company record a credit to the Dividends Payable account?

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

Beach Boards reports dividends per share of $1.40 and net income for the year of $150,000.The current stock price is $40.00.What is Beach Boards' dividend yield?

The PE ratio:

The stockholders' equity section in the balance sheet shows:

Owners in a sole proprietorship or a partnership can be held personally liable for debts the company has incurred,over and beyond the investment they have made.