financial accounting章节测试课后答案2024春

第十章测试

1.Which of the following is a right of a stockholder?（ ）            
A:Voting     B:Preemption     C:select other three all. D:Dividends    
答案:C
2.Which of the following is part of stockholders’ equity?（ ）            
A:Retained earnings     B:Both Paid-in capital  and Retained earnings    C:every one is not part of stockholders’ equity D:Paid-in capital     3.An entity is authorized to sell 60,000 shares of $11 par, 6% cumulative preferred stock and 110,000 shares of $7 par common stock. There are 30,000 shares of preferred stock outstanding and 90,000 shares of common stock outstanding. A $50,000 cash dividend has been declared by the board of directors. No dividends in arrears exist. What is the total amount to be given to the preferred shareholder? （ ）
A:$39,600 B:$19,800 C:$50,000 D:$15,000 4.Refer to Question 3. How much is the common stock dividend per share (rounded)?（ ）
A:$.095 B:$.275 C:$.336 D:$.116 5.Troy Corporation issued 50,000 shares of $1 par common stock at a price of $5 per share. On June 1, Troy purchased 2,000 shares of its own stock at a cost of $7 per share.  On December 1, Troy resold all the shares for $8 each. The entry on December 1 would include which of these?（ ）                    
A:Gain on the Sale of Treasury Stock, $2,000     B:Credit to Treasury Stock, $14,000 C:Both Credit to Paid-in Capital from Treasury Stock Transactions, $2,000 and Credit to Treasury Stock, $14,000 D:Credit to Paid-in Capital from Treasury Stock Transactions, $2,000 6.The entry to sell 100 shares of $12 par common stock at $17 per share would include a: （ ）
A:$1,200 debit to Cash. B:$1,200 credit to Common Stock. C:$500 debit to Additional Paid-in Capital. D:$1,700 credit to Common Stock. 7.Which of the following statements are NOT true regarding stock transactions?（ ）
A:Dividends must be declared before they can be paid. B:The journal entry for a stock split includes a credit to Common Stock. C:The purchase of treasury stock is recorded in a contra-equity account with a debit balance. D:A large stock dividend is recorded at par value. 8.Authorized stock is which of the following?（ ）
A:The number of shares the company has issued to its stockholders B:The number of shares that the stockholders own C:The number of shares that will be distributed in a stock dividend D:The maximum number of shares the company can issue 9.In calculating total stockholders’ equity, which account is included?（ ）
A:Preferred Stock B:Accounts Receivable C:Discount on Bonds Payable D:Long-term Investments 10.Braxton Company uses the DuPont model to analyze profitability.  Which statement(s) is (are) correct?（ ）
A:The correct formula is ROE x Leverage ratio = ROA B:Both The correct formula is ROA x Leverage ratio = ROE and ROE should always exceed ROA are correct C:The correct formula is ROA x Leverage ratio = ROE     D:ROE should always exceed ROA