ACCT-212 Week 6 Quiz - 100% Correct Answers – Download To Get An A+

ACCT-212 Week 6 Quiz - 100% Correct Answers – Download To Get An A+ (TCO 7) Stockholders of a corporation directly elect the board of directors. president of the corporati on. chief financial officer of the corporation chairperson of the board. Flag this Question (TCO 7) The basic unit of ownership for a corporation is dividends. stock. retained earnings. capital. Flag this Question (TCO 7) The difference between the issue price of the stock and the par value of the stock is market value. par value. additional paid-in capital. preferred stock. Flag this Question (TCO 7) Reasons that a company would purchase treasury stock include all of the following except management wants to avoid a takeover by an outside party. it needs the stock for distribution to employees under stock purchase plans. it wants to increase net assets by buying its stock low and reselling it at a higher price. management wants to decrease earnings per share of common stock. Flag this Question (TCO 7) The authority to declare a dividend lies with the CFO. shareholders. SEC. Board of Directors. Flag this Question (TCO 7) The amount of owners' equity attributable to each share of stock is known as the earnings per share. book value per share. market value per share. preferred value per share. Flag this Question (TCO 1) The financial statement that reports cash receipts and cash payments classified according to the company's major activities of operating, investing, and financing is the income statement. balance sheet. statement of cash flows. statement of operating activities. Flag this Question (TCO 1) Creditors analyze the statement of cash flows to determine total interest earned during the period. the quality of the company's earnings. whether or not the company can pay interest on debt. if management was overpaid. Flag this Question (TCO 1) The three types of activities reported on the statement of cash flows are operating, investments, and financing. operating, investing, and free flow. operating, investing, and financing. operating, indirect, and direct. Flag this Question Question 103 pts (TCO 1) Usually, the most important category on the statement of cash flows is cash flows from operating activities. investing activities. financing activities. noncash activities.