Fall TEKS Review Accounting II

Front

The owner of one or more shares of stock.

Back

Stockholder

Front

Written evidence of the number of shares that each stockholder owns in a corporation.

Back

Stock certificate

Front

Choose the correct journal entry for the following entry: Received $6,000 cash for 1,000 shares of no-par-value common stock.

Back

Dr: Cash
Cr: Capital Stock-Common

Front

The annual report a publicly held corporation submits to the SEC is the 10-K.

Back

True

Front

The payment of dividends on preferred stock is guaranteed by the board of directors.

Back

False

Front

Choose the correct journal entry for the following entry: Declared an annual cash dividend on common and preferred stock. Options: Dr. Dividends Payable, Cr. Dividends-Common and Dividends-Pref., Dr. Dividends-Common and Dividends-Pref., Cr. Dividends payable, Dr. Cash, Cr. Dividends, Dr. Dividends, Cr. Dividends Payable

Back

Dr. Dividends-Common and Dividends-Pref.
Cr. Dividends payable

Front

The payment of a dividend with the stock of the corporation.

Back

Stock dividend

Front

The date that determines which stockholders are to receive dividends.

Back

Date of Record

Front

Dividend Revenue is classified as other revenue on the income statement.

Back

True

Front

A long-term promise to pay a specified amount on a specified date and to pay interest at stated intervals.

Back

Bond