Fundamentals of Accounting

Financial Accounting I

ACCT 101 QUIZ 15 Name: Secon No. : G4 G5 G6 1) Given this informaon, if Pelleer pays a $9,000 cash dividend, and if the preferred stock is noncumulave, common stockholders will receive A) $3,000 B) $9,000 C) $6,000 D) $4,500 ANS: A Preferred stock dividend: 10,000 * $10  6% = $6,000 Common stock dividend: $9,000 – $6,000 = $3,000 2) Given this informaon, if

ACCT | 101 | Financial Accounting I | assessment | ACCT 101 QUIZ 15 Name: Secon 

ACCT 101 QUIZ 1 2013 FALL Secon (circle one): G4 G15 G5 G6 Name: 1) A loan from a ﬁnancial instuon will increase assets and increase liabilies. A) True B) False ANS: A. 2) The purchase of inventory on credit will increase liabilies and equity. A) True B) False ANS: B. 3) If liabilies increase $8,000 during a given period and stockholders' equity decreases

ACCT | 101 | Financial Accounting I | assessment | ACCT 101 QUIZ 1 2013 FALL Sec

ACCT_101_QUIZ_8_10142011.docx-ACCT 101 QUIZ 8 Name: Secon:

ACCT 101 QUIZ 19 2013 FALL Secon (circle one): G4 G15 G5 G6 Name: 1) ABC Company purchased inventory on account with credit terms of 2/10, n/30. It paid the amount owed within 10 days and recorded the following entry: Account A 800 Account B 784 Account C 16 Given this entry, what would be the nature of Account C? a. Accounts Payable b. Inventory c. Purchase Disco

ACCT | 101 | Financial Accounting I | assessment | ACCT 101 QUIZ 19 2013 FALL Sec

ACCT 101 QUIZ 21 2013 FALL Secon (circle one): G4 G15 G5 G6 Name: 1. During 2013, Rumbo Corporaon had cash and credit sales of $21,760 and $15,225, respecvely. The company also collected accounts receivable of $9,765 and incurred operang expenses of $27,700, 80 percent of which were paid during the year. In addion, Rumbo paid $4,500 for an 18-month adve

All courses in ACCT

Popular Documents