Accounting Ch 21 Review

Accounting Ch 21 Review

KG - University

17 Qs

quiz-placeholder

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Accounting Ch 21 Review

Accounting Ch 21 Review

Assessment

Quiz

Other

KG - University

Hard

Created by

Mrs. Gavers

Used 10+ times

FREE Resource

17 questions

Show all answers

1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A publicly held corporation is only permitted to issue common stock.
True
False

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A corporation is considered to be a separate legal entity.
True
False

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The management of a corporation is elected by the stockholders.
True
False

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

The Paid-in Capital in Excess of Par account is a stockholders' equity account.
True
False

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Investors usually buy preferred stock to receive the stated dividend that it pays.
True
False

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

When a dividend is paid, the total amount of the dividend is debited to the Cash in Bank account.
True
False

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A document that gives a stockholder's voting rights to someone else is called a(n) ____.
Proxy
dividends
statement of stockholders' equity

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