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15 - 2
Test Bank for Intermediate Accounting, Twelfth Edition
MULTIPLE CHOICE—Conceptual (cont.)
Answer
a
a
b
c
c
b
b
c
c
b
c
c
a
a
b
b
b
b
b
a
a
b
b
c
b
a
b
c
a
c
a
a
No.
39.
40.
41.
42.
43.
44.
P
45.
S
46.
47.
48.
49.
50.
51.
52.
53.
54.
55.
56.
57.
58.
59.
60.
61.
62.
63.
64.
65.
66.
P
67.
*68.
*69.
*70.
Description
Sale of treasury stock.
Reissued treasury stock at less than acquisition cost.
Reissued treasury stock at greater than acquisition cost.
Effect of treasury stock transactions.
Preferred stock—debt features.
Cumulative feature of preferred stock.
Reporting redeemable stock.
Reporting dividends in arrears.
Issued vs. outstanding common stock.
Timing of entry to record dividends.
Shares entitled to receive a cash dividend.
Accounting for a property dividend.
Distribution of a property dividend.
Liquidating dividend.
Entry to record a liquidating dividend.
Effects of a stock dividend.
Effects of a stock dividend.
Effect of a large stock dividend.
Large stock dividend.
Small stock dividend.
Small stock dividend.
Classification of stock dividends distributable.
Effect of stock splits and stock dividends.
Effect of a stock split.
Disclosures in the balance sheet.
Return on common stock equity calculation.
Payout ratio calculation.
Book value per share.
Computing book value per share.
Dividends and treasury stock.
Noncumulative preferred stock and dividends in arrears.
Disclosure of preferred dividends in arrears.
P
These questions also appear in the Problem-Solving Survival Guide.
These questions also appear in the Study Guide.
*This topic is dealt with in an Appendix to the chapter.
S
MULTIPLE CHOICE—Computational
Answer
a
b
b
c
d
d
d
No.
Description
71.
72.
73.
74.
75.
76.
77.
Composition of stockholders' equity.
Calculation of total paid-in capital.
Allocating proceeds in lump sum sales.
Allocating proceeds in lump sum sales.
Computing total paid-in capital.
Computing paid-in capital from treasury stock transactions.
Recording purchase of treasury stock.