Which that the complying with is no a significant advantage that a corporate form of organization?(a) separate legal existence.(b) consistent life.(c) federal government regulations.(d) Transferable property rights.

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A significant disadvantage the a coporation, group is:(a) minimal liability of stockholders.(b) added taxes.(c) transferable ownership rights.(d) separate legal existence.
Which the the complying with statements is false?(a) property of usual stock provides the owner a vote right.(b) The stockholders" same section starts with a paid-in resources section.(c) The authorization of capital stock walk not result in a formal audit entry.(d) Par value and market price that a company"s stock are constantly the same.
ABC Corporation concerns 1,000 shares of $10 par value typical stock in ~ $12 per share. In recording the transaction, credits space made to:(a) usual Stock $10,000 and Paid-in resources in overabundance of declared Value $2,000.(b) typical Stock $12,000.(c) usual Stock $10,000 and Paid-in capital in overfill of Par $2,000.(d) usual Stock $10,000 and Retained revenue $2,000.
Preferred stock may have actually priority over common stock other than in:(a) dividends.(b) heritage in the occasion of liquidation.(c) accumulation dividend features.(d) voting.
XYZ, Inc. Sell 100 share of $5 par value treasury share at $13 every share. If the expense of getting the shares to be $10 per share, the entry because that the sale should include credits to:(a) Treasury stock $1,000 and Paid-in capital from Treasury share $300.(b) Treasury share $500 and Paid-in resources from Treasury share $800.(c) Treasury stock $1,000 and Retained earnings $300.(d) Treasury stock $500 and also Paid-in funding in excess of Par $800.
In the stockholders" same section, the expense of treasury share is deducted from:(a) total paid-in capital and retained earnings.(b) maintained earnings.(c) full stockholders" equity.(d) usual stock in paid-in capital.
M-Bot Corporation has actually 10,000 shares of 8%, $100 par value, cumulative preferred stock exceptional at December 31, 2017. No dividends were asserted in 2015 or 2016. If M-Bot wants to pay $375,000 of dividend in 2017, typical stockholders will receive:(a) $0.(b) $295,000.(c) $215,000.(d) $135,000.
Entries because that cash dividends are required on the:(a) statements date and the payment date.(b) document date and also the payment date.(c) statements date, document date, and also payment date.(d) statements date and also the record date.
Which of the following statements about tiny stock dividends is true?(a) A debit come Retained revenue for the par value of the share issued should be made.(b) A little stock dividend decreases full stockholders" equity.(c) sector price every share need to be assigned come the dividend shares.(d) A little stock dividend ordinarily will have an effect on par worth per share of stock.
All yet one the the following is report in a retained earnings statement. The exemption is:(a) cash and also stock dividends.(b) net income and net loss.(c) sales revenue.(d) prior period adjustments.
A prior period adjustment is:(a) report in the income statement as a nontypical item.(b) a mediate of one error that is recorded straight to preserved earnings.(c) reported straight in the stockholders" same section.(d) reported in the retained income statement together an convey of the ending balance of maintained earnings.
In the stockholders" equity section of the balance sheet, usual stock:(a) is detailed before wanted stock.(b) is added to total resources stock.(c) is component of paid-in capital.(d) is component of added paid-in capital.
Which of the following is no reported under extr paid-in capital?(a) Paid-in capital in excess of par.(b) usual stock.(c) Paid-in resources in overabundance of stated value.(d) Paid-in funding from treasury stock.
Katie Inc. Report net earnings of $186,000 during 2017 and also paid dividend of $26,000 on typical stock. It likewise has 10,000 share of 6%, $100 par value, noncumulative desired stock outstanding and also paid dividend of $60,000 on preferred stock. Typical stockholders" equity was $1,200,000 ~ above January 1, 2017, and $1,600,000 on December 31, 2017. The company"s return on usual stockholders" equity because that 2017 is:(a) 10.0%.(b) 9.0%.(c) 7.1%.(d) 13.3%.
When a stockholders" same statement is presented, that is not necessary to prepare a (an):(a) retained earnings statement.(b) balance sheet.(c) earnings statement.(d) no one of the above.

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The ledger of JFK, Inc. Shows common stock, common treasury stock, and no wanted stock. For this company, the formula for computing book value every share is:(a) full paid-in capital and also retained earnings split by the number of shares of common stock issued.(b) common stock separated by the number of shares of usual stock issued.(c) complete stockholders" equity split by the number of shares of usual stock outstanding.(d) total stockholders" equity split by the variety of shares of common stock issued.
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