End-of-Chapter Quiz Questions
Quiz yourself by thinking what should be in
each of the black spaces below before clicking
on it to display the answer.
Help!
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| show | credit to Common Stock for $500,000 (20,000 shares x $25 = $500,00)
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| Syracuse Corporation purchased treasury stock in 2010 at a price of $15 per share and resold the treasury stock in 2011 at a price of $35 per share. What amount should Syracuse report on its income statement for 2011? | show 🗑
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| show | Discount on Bonds Payable: NO; Treasury Stock: YES
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| show | Treasury Stock
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| show | On date of declaration
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| show | Never
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| True or False. Stock dividends have no effect on total stockholders' equity. | show 🗑
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| True or False. Stock dividends increase the corporation's total liabilities. | show 🗑
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| True or False. Stock dividends reduce the total assets of the company. | show 🗑
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| show | False
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| show | Stock Dividend: NO EFFECT; Stock Split: NO EFFECT
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| show | 100% stock dividend
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| show | Net Income + Interest Expense
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| show | Net Income - Preferred Dividends
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