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Chapters 1-4 The Accounting Cycle
Chapters 5-8 Current Assets
Chapters 9-11 Long-Term Assets
Chapters 12-14 Liabilities/Equities
Chapters 15-16 Using Information
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20 Managerial/Cost
Chapters 21-24 Budgeting/Decisions

Chapter 14 - Goals Achievement

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Chapter 14 – Goals Achievement

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Goals Achievement
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Question 1 of 11

1. Question
Which of the following features would be associated with common stock?
- preemptive rights
- cumulative
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Question 2 of 11

2. Question
Which of the following types of stock is accounted for similar to par-value stock?
- no-par
- stated-value
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Question 3 of 11

3. Question
For a cash dividend, stockholders’ equity would be reduced on the:
- date of declaration
- date of payment
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Question 4 of 11

4. Question
In the event dividends are paid to only one class of stock, which class is ordinarily paid?
- preferred stock
- common stock
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Question 5 of 11

5. Question
If a corporation has dividends in arrears on preferred stock for two years ($5,000 per year), and declares $20,000 of dividends during the current (third) year, how much will be paid to the common shareholders?
- $5,000
- $10,000
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Question 6 of 11

6. Question
Treasury stock is stock of one corporation that is owned by another corporation.
- true
- false
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Question 7 of 11

7. Question
The reissuance of treasury stock would never result in a credit to:
- Gain on Sale
- Paid-in Capital
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Question 8 of 11

8. Question
The accounting for a stock split requires the recording of a journal entry.
- true
- false
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Question 9 of 11

9. Question
Stock dividends are reported on the statement of retained earnings.
- true
- false
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Question 10 of 11

10. Question
In preparing the stockholders’ equity section (and related footnotes), how much detail is required?
- limited
- significant
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Question 11 of 11

11. Question
In lieu of the Statement of Retained Earnings, many companies will prepare an expanded Statement of Stockholders’ Equity.
- true
- false
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Additional Resources

Illustrative Entries

Examples of journal entries for numerous sample transactions

Account Types

Typical financial statement accounts with debit/credit rules and disclosure conventions

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Includes financial and managerial terms

Time Value of Money

Future and present value tables

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Chapters 1-4
Chapters 5-8
Chapters 9-11
Chapters 12-14
Chapters 15-16
- Chapter 15: Financial Reporting and Concepts
- Chapter 16: Financial Analysis and the Statement of Cash Flows
Chapters 17-20
Chapters 21-24
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