ACG 3113 FINAL EXAM PAPER 2026 FULL QUESTIONS AND VERIFIED CORRECT ANSWERS GUARANTEED TO PASS

ACG 3113 FINAL EXAM PAPER 2026 FULL
QUESTIONS AND VERIFIED CORRECT
ANSWERS GUARANTEED TO PASS

⩥ Retained Earnings is classified as. Answer: R/E


⩥ PIC excess of par - CS is classified as. Answer: PIC - APIC


⩥ Treasury Stock is classified as. Answer: Deducted from total PIC and
R/E


⩥ PIC from treasury stock is classified as. Answer: PIC - APIC


⩥ PIC in excess of stated value - CS is classified as. Answer: PIC -
APIC


⩥ Preferred Stock is classified as. Answer: PIC - capital stock


⩥ Purchased 5000 treasury shares at $45 per share
I,D, or NE. Answer: A: D
L: NE
SE: D

,Paid-in capital: NE
RE: NE
NI: NE


⩥ Resold 2000 of the treasury shares at $49 per share
I,D, or NE. Answer: A: I
L: NE
SE: I
Paid-in capital: I
RE: NE
NI: NE


⩥ Resold 500 of the treasury shares at $40 per share
I,D, or NE. Answer: A: I
L: NE
SE: I
Paid-in capital: D
RE: NE
NI: NE


⩥ Recorded accrued interest earned on a note receivable
I,D, or NE. Answer: A: I

, L: NE
SE: I
Paid-in capital: NE
RE: I
NI: I


⩥ Declared a cash dividend
I,D, or NE. Answer: A: NE
L: I
SE: D
Paid-in capital: NE
RE: D
NI: NE


⩥ Declared and distributed a stock split
I,D, or NE. Answer: A: NE
L: NE
SE: NE
Paid-in capital: NE
RE: NE
NI: NE