ACCT212 Week 6 Quiz Latest
Question 1
(TCO 7) The chairperson of the board of directors has the title of
chief financial officer (CFO).
president.
chief executive officer (CEO).
chief operating officer (COO).
Question 2
(TCO 7) If a corporation has only one class of stock, it is understood to be
preferred stock.
common stock.
contributory stock.
equity stock.
Question 3
(TCO 7) When a company issues common stock greater than its par value, the excess should be
credited to
retained earnings.
common stock.
paid-in capital in excess of par.
capital.
Question 1
(TCO 7) The chairperson of the board of directors has the title of
chief financial officer (CFO).
president.
chief executive officer (CEO).
chief operating officer (COO).
Question 2
(TCO 7) If a corporation has only one class of stock, it is understood to be
preferred stock.
common stock.
contributory stock.
equity stock.
Question 3
(TCO 7) When a company issues common stock greater than its par value, the excess should be
credited to
retained earnings.
common stock.
paid-in capital in excess of par.
capital.
