Help
Options
Didn't know it?
click below
click below
Knew it?
click below
click below
Don't Know
Remaining cards (0)
Know
retry
shuffle
restart
0:00
Embed Code - If you would like this activity on your web page, copy the script below and paste it into your web page.
Normal Size Small Size show me how
Normal Size Small Size show me how
Accounting II Quiz 1
Chapters 13-14
| Question | Answer |
|---|---|
| Owners of preferred stock often do not have: | Voting Rights |
| Retained earnings | Generally consists of a company's cumulative net income less any net losses and dividends declared since its inception. |
| Prior period adjustments are reported in the: | Statement of retained earnings |
| Changes in accounting estimates are: | Accounted for in current and future periods. |
| A company had a beginning balance in retained earnings of $43,000. It had net income of $6,000 and paid out cash dividends of $5,625 in the current period. The ending balance in retained earnings equals: | $43,375. |
| Companies report the cost of stock options in the: | Income statement |
| Stock options are often used to encourage employees to: | All of these |
| The statement of changes in stockholders' equity: | Describes changes in paid-in capital and retained earnings subcategories. |
| Shamrock Company had net income of $30,000. The weighted-average common shares outstanding were 8,000. The company sold 3,000 shares before the end of the year. There were no other stock transactions. The company's earnings per share is: | $3.75 |
| Shamrock Company had net income of $30,000. The weighted-average common shares outstanding were 8,000. The company declared a $2,700 dividend on its noncumulative, nonparticipating preferred stock. The company's earnings per share is | $3.41 |
| The price-earnings ratio is calculated by dividing: | Market value per share by earnings per share |
| A company has earnings per share net income of $900,000; its weighted-average common shares outstanding are 180,000. Its dividend per share is $0.45, its market price per share is $88, and its book value per share is $76. Its price-earnings ratio equals: | 17.6 |
| A company has earnings per share of $9.60. Its dividend per share is $0.50, its market price per share is $120, and its book value per share is $96. Its price-earnings ratio equals: | 12.5 |
| A company has a market value per share of $73.00. Its net income is $1,750,000 and the weighted-average number of shares outstanding is 350,000. The company's price-earnings ratio equals | 14.6 |
| A company has net income of $850,000. It has 125,000 weighted-average common shares outstanding, a market value per share of $115, and a book value of $100 per share. The company's price-earnings ratio equals: | 16.9 |
| The dividend yield is computed by dividing: | Annual cash dividends per share by the market value per share |
| A company paid $0.48 in cash dividends per share. Its earnings per share is $4.20 and its market price per share is $30.00. Its dividend yield equals: | 1.60% |
| A company paid $0.75 in cash dividends per share. Its earnings per share is $3.50, and its market price per share is $37.50. Its dividend yield equals: | 2.0% |
| A company has 1,000 shares of $100 par preferred stock. It also has 25,000 shares of common stock outstanding, and its total stockholders' equity equals $500,000. The book value per common share is: | $16.00 |
| During the first month of operation, the corporation issued 300 shares to its attorneys in payment of a $5,000 charge for drawing up the articles of incorporation. The entry to record this transaction would include | A debit to Organization Expenses for $5,000. |
| A corporation issued 6,000 shares of its $10 par value common stock in exchange for land that has a market value of $84,000. The entry to record this transaction would include: | A credit to Paid-in Capital in Excess of Par Value, Common Stock for $24,000. |
| A company issued 60 shares of $100 par value stock for $7,000 cash. The total amount of paid-in capital in excess of par is: | $1,000 |
Created by:
dischic89
Popular Accounting sets