ACC 312 Lecture Notes - Lecture 1: Treasury Stock, Retained Earnings, Preferred Stock
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QUESTION 1
Probably the most basic right of a stockholder is the rightto:
A. | receive an assured dividend each year. | |
B. | serve as a director of the organization. | |
C. | vote at stockholders' meetings. | |
D. | receive at least his or her initial investment uponliquidation |
4
The three significant cash dividend dates are the date ofdeclaration, date of record, and date of payment.
True
False
QUESTION 3
The price-earnings ratio is computed by dividing the currentmarket price per share of common stock by earnings per share.
True
False
5
The three significant cash dividend dates are (in order) thedates of:
A. | declaration, distribution, and payment. | |
B. | record, distribution, and payment. | |
C. | declaration, record, and distribution. | |
D. | declaration, record, and payment |
6
The date of record follows the date of the declaration of adividend.
True
False
7
The amount of prior unpaid dividends is only important if thepreferred stock is:
A. | noncumulative and convertible. | |
B. | noncumulative and callable. | |
C. | noncumulative. | |
D. | cumulative |
8
The number of outstanding shares of stock is the:
A. | number authorized but not yet issued. | |
B. | number issued to the original incorporates. | |
C. | number issued and currently held by stockholders. | |
D. | total number issued. |
9
Treasury stock is stock that:
A. | is apportioned to cover special projects such as theconstruction of a new building. | |
B. | has never been issued. | |
C. | has been issued but was reacquired by the corporation. | |
D. | must be offered to existing stockholders first in amountsproportional to their shareholdings of the issuer's stock. |