Accounting Chapter 11

अब Quizwiz के साथ अपने होमवर्क और परीक्षाओं को एस करें!

False

A dividend is normally laid on the date of record

False

Dividend Revenue is reported in the Sales section of the income statement

True

A buyback often occurs when a corporation believes that its stock is undervalued by the stock market

$0.00

A company purchases 50 shares of its own $1.00 par value stock for $10.00 per share and subsequently sells 30 shares for $12.00 per share. The recognized gain on the sale of stock is

$150,000.00

A corporation having 100,000 shares of $1.00 par-value common stock issues a 5% stock dividend. The stock has a market price of $30.00 per share. The total amount of the stock dividend

True

A corporation typically pays the total amount of the dividend to an agent, who then distributes its to the stockholders

True

A stock dividend is an effective tool for the corporation to keep its stock price within a desired price range

False

Corporations are required to pay quarterly dividends

True

Dividends are not paid on treasury stock

True

Dividends payable is classified as a current liability

True

Don Simms sells his stock to Jan Webb on the date of record. Jan Webb will relieve the quarterly dividend

marketable security

Stock of another corporation purchased as a temporary investment is called....

stockholders equity

Treasury stock would be reported on the balance sheet as

Date of record

The stockholder who receives the dividend is the person who wins the stock on the....

$75,000

A Corporation having 50,000 shares of 6%, $100 par-value preferred stock outstanding will pay a quarterly dividend of....

False

A buyback benefits remaining stockholders because the net income of the corporation is divided among more shares

False

A corporation incurs a liability for the amount of the dividend on the date of record

True

A stock dividend typically results in a decrease in the market price per share

Ex-dividend

An individual who purchases stock on the day after the date of record purchases the shares

False

Marketable securities are a liability of the corporation

Date of record

No transaction is recorded on the....

True

Nothing of value is distributed on the date a corporation declares a dividend

Decreases retained earnings

Payment of a stock dividend....

False

The amount of a stock dividend is based on the stock stated value

board of directors

The payment of a dividend must be authorized by the...


संबंधित स्टडी सेट्स

How organisms interact in a community

View Set

Nurs 204 - Chapter 15: Head and Neck

View Set

Quantitative Methods in Psychology - Part I

View Set

BUSINESS ADMINISTRATION CORE EXAM

View Set

Formulación de Compuestos Binarios

View Set

BIO 230 Chapter 3 Connective Tissues

View Set

Lesson 4: Identifying Social Engineering and Malware

View Set

AP Gov Unit 3 Multiple Choice Exam Review - Civil Liberties & Civil Rights

View Set