accounting test answs

Net income for 2019 was 24000. Compute the rate of return on common stockholders equity for 2019?

10.46

Which of the following is true of dividends

Dividends are a distribution of cash, stock, or other property to stockholders.

Which of the following statements regarding the​ price/earnings ratio is​ incorrect?

The​ price/earnings ratio represents the market price of one share of common stock.

which of the following financial statements is used to report the economic resources, debt, and overall financial position of company

balance sheet

Which of the following statements is true of a corporation

corporations pay income tax on corporate earnings

treasury stock

decreases the number of shares outstanding

which of the following financial statements would be the most useful if an analyst wants to know the profitability of a company

income statement

the retained earnings of a corporation is______

internally generated equity that is earned by the profitable operations that is not distributed to stockholders

which of the following is an advantage of the corporate form of business

limited liability of stockholders

the two basic sources of stockholders equity are _____

paid in capital and retained earnings

which of the following occurs when a cash dividend is declared

stockholders equity decreases

preferred stock is stock_______

that gives its owners certain advantages over common stockholders

preferred stock is stock________

that gives its owners certain advantages over common stockholders