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Acct 2301.02 Principles Of Financial Accounting

5 Questions  I  By JIJohnson
Accounting Quizzes & Trivia
As I've indicated before, you will be responsible for reading Chapter 11 and will be tested, to a limited extent, about the chapter in our course's final exam. This quiz consists of the 5 questions taken from Chapter 11 that will appear on the final.

  
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1.  Stock is attractive to investors because stockholders are not liable for the corporation's actions and debts and because stock is easily transferred.
A.
B.
2.  Authorized stock is the total number of shares outstanding.
A.
B.
3.  When all of the authorized shares have the same rights and characteristics, the stock is called:
A.
B.
C.
D.
E.
4.  Owners of preferred stock often do not have:
A.
B.
C.
D.
E.
5.  A company had a beginning balance in Retained Earnings of $43,000. It had net income of $6,000 and paid cash dividends of $5,625 in the current period. The ending balance in Retained Earnings equals:
A.
B.
C.
D.
E.
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