Accounting 2: Chapter 9 Test Review

Front

The people elected by stockholders to manage the corporation are ____.

Back

board of directors

Front

Brand, Inc. issued 400 shares of $45 par preferred stock at $50. How much cash was received?

Back

$20,000

Front

Brand, Inc. issued 300 shares of $40 par preferred stock at $38. How much cash was received?

Back

$11,400

Front

What is the value assigned to a share of stock and printed on the stock certificate?

Back

par value

Front

When only one type of stock is issued what kind is it?

Back

Common