题目内容

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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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

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.

Which of the following is a right of a stockholder?

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

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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