Fundamental Financial Accounting Concepts
Quiz 11: Proprietorships,partnerships,and Corporations
Sierra Co.issued 10,000 shares of common stock for $45 per share.The stock has a par value of $10.
Explore answers and all related questions
Grover Co.declared a 2-for-1 stock split.Before that announcement,Grover had 40,000 shares of outstanding common stock.
Vancouver Co.paid a $50,000 cash dividend to its shareholders on July 5,2016,which was 2 months after Vancouver declared the dividend.
Jack Grimes,who had held 12% of Preston Company's outstanding common stock,agreed to purchase another 8% of Preston Company's outstanding common stock from Todd Barbour,another major stockholder of Preston's.Indicate the effect of this event on Preston's financial statements.
Explore all questions
How it work
Terms And Conditions
© 2020 QuizPlus. All Right Reserved