会计学原理（英）章节测试课后答案2024春

第十二章测试

1.The Discount on Common Stock account reflects:（ ）
A:One share's portion of the issued corporation's net assets recorded in its accounts. B:An amount of assets defined by state law that stockholders must invest and leave invested in a corporation. C:The difference between the par value of stock and its issue price when it is issued at a price below par value. D:The difference between the par value of the stock and the amount paid-in by stockholders when the amount paid-in is more than par value.
答案:C
2.A company had a beginning balance in retained earnings of $430,000. It had net income of $60,000 and paid out cash dividends of $56,250 in the current period. The ending balance in retained earnings equals:（ ）
A:$433,750. B:$116,250. C:$546,250. D:$490,000. 3.A corporation sold 14,000 shares of its $1 par value common stock at a cash price of $13 per share. The entry to record this transaction would include:（ ）
A:A debit to Cash for $14,000. B:A debit to Paid-in Capital in Excess of Par Value, Common Stock for $182,000. C:A credit to Paid-in Capital in Excess of Par Value, Common Stock for $196,000. D:A credit to Common Stock for $14,000. 4.A corporation issued 6,000 shares of its $2 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:A credit to Paid-in Capital in Excess of Par Value, Common Stock for $72,000. B:A debit to Land for $12,000. C:A debit to Common Stock for $12,000. D:A credit to Common Stock for $84,000. 5.All of the following statements regarding stock dividends are true except:（ ）
A:Directors can use stock dividends to keep the market price of the stock affordable. B:Stock dividends provide evidence of management's confidence that the company is doing well. C:Stock dividends decrease the number of shares outstanding. D:Stock dividends transfer a portion of equity from retained earnings to contributed capital.