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Accounting

Business

Quiz 13 :

Equities

Quiz 13 :

Equities

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What is the meaning of "shares authorized," "shares issued," and "shares outstanding"?
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Essay
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Answer:

shares authorized: The number of shares that are allowed to be issued by a company's articles of incorporation.shares issued: The number of shares issued by the corporation,whether held by outsiders or by the corporation itself.shares outstanding: Those shares held by outsiders.

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Which is an example of "contributed capital"?
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Answer:

B

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If 700 shares with a par value of $35/share,a dividend rate of 5% and redeemable for $50/share,are sold for $45/share how much dividend will the equity holders be entitled to?
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Answer:

B

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Which statement is correct about "par value"?
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Explain the meaning of "contributed capital" and "common share." What distinguishes a common share from a preferred share?
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Which is an example of "contributed capital"?
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What is the meaning of "contributed capital"?
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What does "priority" mean?
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Which statement about "common shares" is correct?
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In which account would "transactions with owners" be reported?
Multiple Choice
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Which statement is correct?
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Explain the meaning of "par value," "contributed surplus," and "preferred shares."
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Which is not a component of "equity"?
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If 1,000 shares with a par value of $50/share,a dividend rate of 10% and redeemable for $80/share,are sold for $75/share how much dividend will the equity holders be entitled to?
Multiple Choice
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Which statement about "common shares" is not correct?
Multiple Choice
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Who uses information about "equity" and what information about equity is useful to financial statement users?
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Which statement about shares is not correct?
Multiple Choice
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Which statement about "equity" is not correct?
Multiple Choice
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If a company issues 2,000 shares for $55 and then repurchases 50 shares at $55,how much is the contributed capital?
Multiple Choice
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Which statement about dividends is correct?
Multiple Choice
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