超星 - Assignment 10

单选题

Amber Corporation purchases 40,000 shares of its own $10 par value common stock for $30 per share. What will be the effect on stockholders' equity?

A. Increase $400,000
B. Increase $1,200,000
C. Decrease $400,000
Decrease $1,200,000

单选题

Treasury stock has a:

A. debit balance, the opposite of other stockholders' equity accounts.
B. credit balance, the same as other stockholders' equity accounts.
C. credit balance, the opposite of other stockholders' equity accounts.
D. debit balance, the same as other stockholders' equity accounts.

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单选题

Bloom Corporation issued 20,000 shares of common stock. Bloom purchased 2,000 shares and later reissued 1,000 shares. How many shares are issued and outstanding?

A. 18,000 issued and 18,000 outstanding
B. 20,000 issued and 18,000 outstanding
C. 19,000 issued and 19,000 outstanding
D. 20,000 issued and 19,000 outstanding

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单选题

How does the declaration of a cash dividend affect the accounting equation?

A. increase to Liabilities and a decrease to Stockholders' Equity.
B. increase to Liabilities and a decrease to Assets.
C. increase to Assets and a decrease to Liabilities.
D. increase to Stockholders' Equity and a decrease to Assets.

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单选题

Which of the following is a right of a stockholder?

A. Voting
B. Preemption
C. Dividends
D. All of the above.

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单选题

Which of the following is part of stockholders’ equity?

A. Paid-in capital
B. Retained earnings
C. Both a and b
D. None of the above

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单选题

Troy Corporation issued 50,000 shares of $1 par common stock at a price of $5 per share. On June 1, Troy purchased 2,000 shares of its own stock at a cost of $7 per share. On December 1, Troy resold all the shares for $8 each. The entry on December 1 would include which of these?

A. Credit to Paid-in Capital from Treasury Stock Transactions, $2,000
B. Credit to Treasury Stock, $14,000
C. Gain on the Sale of Treasury Stock, $2,000
D. Both A and B.

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单选题

The entry to sell 100 shares of $12 par common stock at $17 per share would include a:

A. $1,700 credit to Common Stock.
B. $1,200 debit to Cash.
C. $1,200 credit to Common Stock.
D. $500 debit to Additional Paid-in Capital.

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单选题

Authorized stock is which of the following?

A. The maximum number of shares the company can issue
B. The number of shares the company has issued to its stockholders
C. The number of shares that the stockholders own
D. The number of shares that will be distributed in a stock dividend

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单选题

In calculating total stockholders’ equity, which account is included?

A. Discount on Bonds Payable
B. Accounts Receivable
C. Preferred Stock
D. Long-term Investments

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