APU ACCT 300 Week 4 Quiz
APU ACCT 300 Week 4 Quiz
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APU ACCT 300 Week 4 Quiz
- Exam (elaborations) • 6 pages • 2018
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- $15.49
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Question 1 of 20 5.0/ 5.0 Points
Cash dividends are not paid on shares of treasury stock. 
A. True 
B. False
Question 2 of 20 5.0/ 5.0 Points
A fixed asset with a cost of $30,000 and accumulated depreciation of $25,000 is sold for $3,500. What is the amount of gain or loss on disposal of the fixed asset? 
A.$2,500 loss 
B.$1,500 loss 
C.$2,500 gain 
D.$1,500 gain 
Question 3 of 20 5.0/ 5.0 Points
If a corporation issues only one class of stock, it is called: 
A. common stock. 
B. treasury stock....
-
APU ACCT 300 Week 4 Quiz
- Exam (elaborations) • 6 pages • 2017
-
- $15.49
- + learn more
Question 1 of 20 5.0/ 5.0 Points
Cash dividends are not paid on shares of treasury stock. 
A. True 
B. False
Question 2 of 20 5.0/ 5.0 Points
A fixed asset with a cost of $30,000 and accumulated depreciation of $25,000 is sold for $3,500. What is the amount of gain or loss on disposal of the fixed asset? 
A.$2,500 loss 
B.$1,500 loss 
C.$2,500 gain 
D.$1,500 gain 
Question 3 of 20 5.0/ 5.0 Points
If a corporation issues only one class of stock, it is called: 
A. common stock. 
B. treasury stock....
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